Australia: ATO opens 2025–26 Offshore Petroleum Levy reporting
The Australian Taxation Office (ATO) has issued a notice on 21 September 2026 reminding leviable entities to report petroleum production and submit the Offshore Petroleum (OP) Levy return for the 2025–26 financial year. The deadline for
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Italy introduces 20% fuel tax credit for fishing businesses
The Italian Revenue Agency introduced a fuel subsidy for fishing businesses on 22 September 2026. The measure, established through Resolution No. 32, creates tax code 7080 to help operators manage rising fuel expenses for company vehicles. How
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Belgium: Lower House adopts measures to cut costs, ease business administration
The Belgian Chamber of Representatives approved the Law on Cost Reductions and Miscellaneous Provisions II on 17 September 2026, introducing a comprehensive set of administrative simplification and cost-reduction measures aimed at supporting small
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El Salvador: DGII issues 2027 guidance on low-tax and preferential jurisdictions
El Salvador’s tax authority (DGII) released guidance MH.UVI.DGII/006.002/2026 on 24 September 2026 clarifying tax compliance rules for 2027. The guidance establishes clear criteria for identifying international jurisdictions categorised as tax
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Thailand reviews auto tax policy as EV market grows
Thailand's Finance Ministry has instructed the Excise Department to conduct a comprehensive review of the country's automotive excise tax structure. The review addresses electric vehicles, hybrids, and traditional internal-combustion engines,
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Canada extends federal fuel tax relief through March 2027
Canada’s Department of Finance has introduced Bill C-38, the Canadian Fuel Affordability Act, on 22 September 2026, extending a temporary suspension of the federal fuel excise tax that began on 20 April 2026, responding to elevated fuel costs
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Australia: ATO to strengthen foreign resident CGT rules from October 2026
The Australian Taxation Office (ATO) announced on 23 September 2026 that it implemented changes to how foreign residents pay capital gains tax on Australian property investments. The Strengthening the Foreign Resident Capital Gains Tax regime
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Kazakhstan proposes delaying solid minerals royalties to 2029
Kazakhstan’s Ministry of Industry and Construction proposed deferring the introduction of royalties on solid minerals from 1 January 2027 to 1 January 2029, following discussions at the Project Office for the implementation of the Tax Code on 17
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Italy: Tax Authority clarifies corrections to digital services tax returns
The Italian Revenue Agency confirmed on 22 September 2026 that taxpayers subject to the digital services tax can file supplementary returns to correct earlier submissions. The digital services tax applies to large multinational groups earning more
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Serbia revises greenhouse gas tax credit, carbon-intensive import tax rules
Serbia’s Parliament has adopted amendments to the laws governing greenhouse gas emissions tax and import taxes on carbon-intensive goods, primarily targeting the electrical energy production sector, as published in the Official Gazette of the
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Sri Lanka: IRD reminds businesses, Individuals of 2025/26 tax deadline
Sri Lanka's Inland Revenue Department (IRD) has reminded taxpayers that the last date for final payment of income tax for the Year of Assessment 2025/2026 falls on 30 September 2026, and has urged them to make payments on or before the
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Portugal: Tax Authority opens Pillar Two Form 64 filing service for 2024
Portugal’s Tax and Customs Authority has opened the electronic submission service for Form 64 – Settlement Declaration of RIMG/Pillar Two for fiscal year 2024, under Article 45(1)(c) of Law No. 41/2024, the Global Minimum Tax Law. The
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Australia: ATO updates GILTI guidance following US tax regime changes
The Australian Taxation Office (ATO) has issued an Addendum to Taxation Determination TD 2022/9 by the Commissioner of Taxation on 23 September 2026 to account for amendments to the US global intangible low-taxed income (GILTI) regime introduced
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US, Morocco and Israel agree to advance tax, investment ties
The US, Morocco and Israel agreed on 16 September 2026 to strengthen economic cooperation, including by finalising agreements on investment protection and the avoidance of double taxation by the end of 2026. The commitment was made during a
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Finland proposes corporate and personal income tax cuts in 2027 Budget
Finland’s government submitted its proposal for the 2027 Budget to Parliament (HE 175/2026) on 21 September 2026. The proposal’s tax measures are consistent with those outlined in the Ministry of Finance’s 6 August 2026 Budget Proposal for
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Bahrain: NBR clarifies VAT profit margin scheme for used goods
The National Bureau for Revenue (NBR) has clarified the conditions for applying the VAT profit margin scheme to used goods in version 1.3 of its VAT retail and wholesale guide, published on 20 September 2026. Under the optional scheme, VAT is
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Latvia: SRS issues transfer pricing controlled transaction report guidance
Latvia’s tax authority, the State Revenue Service, on 18 September 2026, issued the methodological guidance covering transfer pricing controlled transaction report requirements. These documents provide official guidelines from the Latvian State
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Japan: Cabinet approves temporary food consumption tax cut
Japan's Cabinet on 15 September 2026 approved a temporary cut in the consumption tax on food and beverages from 8% to 1%, effective for two years from 1 April 2027 to 31 March 2029, subject to approval by the National Diet. The reduced rate will
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