Iceland: 2027 budget proposes financial institution tax hike, VAT measures
Iceland’s Ministry of Finance presented the 2027 Budget proposal on 7 September 2026, proposing higher taxes and fees, reduced tax incentives, and adjustments to existing charges to raise government revenue. The proposed tax and revenue
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Iceland: MoF consults tax law changes on interest deductions, charities, rulings and nicotine products
Iceland’s Ministry of Finance and Economic Affairs (MoF) has initiated a public consultation on several proposed legislative amendments in its draft document on 4 September 2026, with a targeted entry into force on 1 January 2027. These planned
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OECD releases comments on proposed amendments to digital platform reporting rules
The OECD has published comments received during its June 2026 public consultation on proposed revisions to the Model Reporting Rules for Digital Platforms. The consultation focused primarily on intermediary seller arrangements, including whether
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Brazil: RFB launch withholding tax settlement program for non-resident investor disputes
Brazil’s tax authority, the Federal Revenue Service (RFB) and the Attorney General's Office for the National Treasury (PGFN) have released the Joint Transaction Notice PGFN/RFB No. 4/2026 on 4 September 2026, establishing a settlement framework
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OECD set to release global tax reforms report
The OECD is scheduled to publish its Tax Policy Reforms 2026 report on 8 September 2026, 11:00 CEST (09:00 GMT), providing an overview of tax reforms introduced or announced in 2025 across 92 jurisdictions worldwide. It will examine the
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Lithuania: VMI updates treaty tax relief forms
Lithuania’s State Tax Inspectorate (VMI) is preparing changes to the rules for completing forms DAS-1, DAS-2 and DAS-3, which are used by foreign residents and Lithuanian payers to apply for treaty-based tax relief, claim refunds of withheld tax
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Australia: ATO publishes final ruling on software royalties, expanded draft compliance guideline
The Australian Taxation Office published final Taxation Ruling TR 2026/2 Income tax: royalties – character of payments on 4 September 2026, establishing the ATO's position on software intermediation arrangements and when payments qualify as
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Greece: AADE targets helicopter firms over tax evasion
Greece's Independent Authority for Public Revenue (AADE) has launched an investigation into helicopter companies operating in the Greek islands over suspected tax evasion, following reports of helicopters landing at unauthorised
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Australia: FBT rules tightening on salary sacrificed work benefits
The Australian Taxation Office (ATO) has announced reforms on 7 September 2026 that restrict how employers can reduce fringe benefits tax (FBT) liability when offering salary sacrificed work-related benefits, particularly for expenses covered by the
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Russia expands tax monitoring access for legal successors from September 2026
Russia has expanded access to its tax monitoring regime from 1 September 2026, allowing legal successors of companies already subject to tax monitoring to enter the regime without independently meeting the standard eligibility thresholds. The
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Singapore: IRAS clarifies tax treatment of loan waiver
Singapore’s Inland Revenue Authority of Singapore (IRAS) has ruled that an intended waiver of a loan between a company and its intermediate holding company is a capital transaction, with any resulting gains not subject to tax under section 10(1)
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Brazil: Senate approves REDATA tax incentives for data centre investment
Brazil’s Federal Senate has approved Bill No. 278/2026, establishing the Special Tax Regime for Data Centre Services (REDATA), a specialised tax incentive program designed to expand Brazil's digital infrastructure. The initiative seeks to
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Bolivia: SIN eliminates hotel additional information reporting burden
Bolivia's National Tax Service (SIN) announced on 4 September 2026 that it eliminated a formal reporting requirement for the hotel and lodging sector, removing a recurring administrative obligation that businesses have faced since 2020. The change
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Pakistan: FBR amends income tax return form for tax year 2026
Pakistan’s Federal Board of Revenue (FBR) has amended the income tax return form for tax year 2026 through SRO 1495(I)/2026 issued on 3 September 2026, introducing four new parts before the statutory filing deadline. The notification amends the
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Hong Kong: IRD overhauls e-tax system after ombudsman investigation into failed submissions
Hong Kong’s Inland Revenue Department has responded to an Ombudsman investigation released on 31 August 2026 regarding unsuccessful delivery of electronic tax returns. The report examined technical glitches that prevented members of the public
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Portugal extends Pillar Two Modelo 62 filing deadline for 2025 tax year
Portugal’s Secretary of State for Fiscal Affairs has extended the deadline for entities subject to the Global Minimum Tax Regime to file the Modelo 62 Registration Declaration for the 2025 tax year. The three-month extension was announced under
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Chile: SII clarifies OIT and tax basis rules for foreign foundation restructuring
Chile’s tax administration, the Servicio de Impuestos Internos (SII), has clarified the Chilean tax consequences of a proposed restructuring involving a Panamanian foundation and its underlying foreign investments. In Ruling No. 2191 of 2026,
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Iceland proposes changes to vehicle kilometre tax from 2027
Iceland’s Ministry of Finance and Economic Affairs issued a legislative proposal on 2 September 2026 to amend the existing law on the vehicle kilometre tax (Law no. 100/2025), which has been in effect since 1 January 2026. A public consultation
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