Czech Republic: Lower House advances windfall tax on refinery profits
The Czech lower house of parliament backed a proposed windfall tax, on 14 October 2026, on the country's refinery sector. Lawmakers approved the measure in its first of three readings. The legislation will now move to a parliamentary committee
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Kenya replaces 2006 transfer pricing rules with new framework
Kenya’s Income Tax (Transfer Pricing) Rules, 2026 (the 2026 TP Rules) took effect on 12 August 2026, replacing the Income Tax (Transfer Pricing) Rules, 2006 (the 2006 TP Rules). The rules were made by Cabinet Secretary for the National Treasury
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France tables Pillar Two safe harbours, CbC reporting relief
The French government tabled Amendment I-3734 to the 2027 Finance Bill (Projet de loi de finances pour 2027, No. 3210) on 10 October 2026, introducing significant updates to France’s Pillar Two global minimum tax framework. The proposal
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Australia: ATO extends 2025 public CbC reporting deadline
The Australian Taxation Office (ATO) announced, on 15 October 2026, that large corporations reporting tax information for 2025 now have until 29 January 2027 to publish their public country-by-country reports. The ATO initially set the deadline
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Sri Lanka: IRD reminds 2025/2026 corporate, individual taxpayers to file returns
Sri Lanka’s Inland Revenue Department (IRD) has reminded individual and corporate taxpayers that income tax returns for the Year of Assessment 2025/2026 must be submitted by 30 November 2026. The department called on all those obliged to file
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Cyprus: House of Representatives considers Pillar Two amendments to introduce recognised QDMTT
The Cyprus House of Representatives is considering the Ensuring a Global Minimum Level of Taxation of Multinational Enterprise Groups and Large-Scale Domestic Groups in the Union (Amendment) Law of 2026, which was introduced during a plenary session
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US: IRS revises safe harbour guidance for digital asset staking by investment trusts
The US Internal Revenue Service (IRS) issued Revenue Procedure 2026-20, clarifying updated safe harbour guidelines for investment and grantor trusts that engage in digital asset staking. Effective for tax years ending on or after 6 October 2026,
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Singapore updates Pillar Two guidance outlining Side-by-Side package rules
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance page on the Global Anti-Base Erosion (GloBE) Rules and the Domestic Top-up Tax (DTT) to include the substance-based tax Incentive Safe Harbour. The safe harbour belongs to the
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Belgium formalises extension of supplementary national tax return deadlines
Belgium’s tax authority (FPS Finance) announced that it adopted a legislative amendment that postpones the deadline for filing supplementary national tax returns. The Finance and Budget Committee approved the change on 2 October 2026, under
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Germany: Constitutional Court reviews business inheritance tax exemptions
Germany’s Federal Constitutional Court opened a hearing on a challenge to inheritance tax exemptions for business assets. Private assets can be taxed at up to 50%, depending on the heir’s relationship to the deceased and the value of the
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UAE: MoF updates e-invoicing accreditation rules for service providers
The UAE Ministry of Finance announced that it released Ministerial Decision No. 168 of 2026 on 9 October 2026, establishing new requirements for companies that provide electronic invoicing services in the UAE. The decision replaces Ministerial
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Ireland: Revenue publishes new guidance on VAT treatment of end-of-lease transactions
Irish Revenue has issued eBrief No. 144/26 on 7 October 2026, introducing a new Tax and Duty Manual (TDM) on the VAT treatment of end-of-lease transactions. It applies where the lessor is a financial institution that buys an asset (movable goods)
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Brazil extends simplified national tax regularisation deadline to 15 October
Brazil’s tax authority, the Federal Revenue Service (RFB) announced on 13 October 2026 that it has set 15 October 2026 as the final deadline for businesses to apply for the Simplified National Tax System (Simples Nacional). Applications
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Kenya enacts minimum top-up tax regulations for multinational enterprises
The National Treasury of Kenya has published the Income Tax (Minimum Top Up Tax) Regulations, 2026 (Legal Notice No. 189), establishing a comprehensive legal framework to enforce a 15% minimum effective tax rate on large multinational corporations
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Bolivia introduces five-year VAT exemption for machinery, productive inputs
Bolivia's Tax Administration (SIN) announced on 12 October 2026 that it introduced a five-year VAT exemption for businesses purchasing capital equipment and productive inputs. The policy, governed by Law No. 1755 and Regulatory Supreme Decree No.
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Bahrain: NBR revises excise refund threshold for re-exported goods
Bahrain’s National Bureau for Revenue (NBR) has published Version 1.2 of its Excise Guide on 6 October 2026, changing the minimum value of re-exported excise goods that qualify for a refund of excise. Under Section 2.7, excise paid on goods
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Ireland: Revenue revises guidance on CAT group thresholds
Ireland's tax authority (Revenue) has updated its Capital Acquisitions Tax (CAT) manual to reflect the increased group thresholds announced in Budget 2027, according to Revenue eBrief No. 149/26, published on 12 October 2026. The updated
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UK considers smaller capital gains tax increase
The UK government will not raise capital gains tax to the same level as income tax, although a smaller increase remains possible ahead of the Budget on 28 October 2026. Finance minister John Healey faces pressure to raise tax revenue to offset
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