Montenegro issues Pillar Two GloBE information return rulebook
Montenegro has published a Rulebook in the Official Gazette establishing requirements for submitting the Pillar Two GloBE Information Return (GIR). The Rulebook entered into force on 9 October 2026. Reporting requirements The Ministry of
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UK: Britain plans VAT collection rules for online marketplaces
Britain plans to require online marketplaces, including Amazon, eBay and Temu, to collect VAT from business sellers with annual turnover exceeding GBP 90,000. The proposed measure is expected to raise up to GBP 1 billion to fund business rates
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New Zealand: IRD seeks comment on draft guidance for low-value asset deductions
New Zealand’s Inland Revenue has published a draft interpretation statement, Income tax – Depreciation of low-value assets (PUB00533) for public consultation on 9 October 2026. The statement explains section EE 38 of the Income Tax Act 2007,
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Dominican Republic: DGII consults on educational expense tax deductions
The Dominican Republic’s General Directorate of Internal Taxes (DGII) opened a public consultation on 6 October 2026 on a draft General Rule governing the deduction of educational expenses from income tax for individuals. The proposal aims to
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India: GST Council raises prosecution threshold, cuts penalties
India’s Goods and Services Tax (GST) Council approved changes to GST enforcement rules on 8 October 2026, removing the power of arrest for GST offences, raising the prosecution threshold and reducing the general penalty. The measures aim to
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UAE issues new accreditation framework for e-invoicing service providers
UAE’s Ministry of Finance (MoF) has issued Ministerial Decision No. 168 of 2026 on the Eligibility Criteria and Accreditation Procedures for Service Providers under the Electronic Invoicing System. The Decision repeals Ministerial Decision No. 64
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Bolivia: SIN repeals e-invoicing deadlines for four taxpayer groups following VAT changes
Bolivia’s National Tax Service (SIN) published Board Regulatory Resolution No. 102600000038 on 30 September 2026, repealing earlier resolutions that established online invoicing implementation deadlines for taxpayers in the ninth, tenth, eleventh
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Uzbekistan: TIFC launches special tax zone with 50-year incentive programme
Uzbekistan's Constitutional Law on the Tashkent International Financial Centre (TIFC), enacted on 13 July 2026, created a dedicated financial hub with tailored tax and regulatory treatment. The new framework operates under its own legislation rather
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Italy revises inactive VAT account closure rules, introduces reactivation procedure
The Italian Revenue Agency announced, on 12 October 2026, that it has updated its procedures for closing inactive VAT accounts. Revenue Agency Director Vincenzo Carbone signed the new measure on 12 October 2026, revising the previous directive from
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EU considering new windfall tax on energy companies as profits surge
The European Commission is investigating a continent-wide windfall profit tax on oil and gas firms. The move comes as governments across the bloc face pressure to help households struggling with soaring energy bills. Energy prices have climbed
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Ecuador: National Assembly approves tax code revisions to clarify appeals, penalties, taxpayer rights
Ecuador’s National Assembly approved an Organic Reform Law to amend the Organic Tax Code on 6 October 2026. The reform aims to address inconsistencies in the existing tax framework, improve legal certainty and clarify procedural requirements
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Malaysia updates small value asset capital allowance rules
Malaysia’s Inland Revenue Board (IRBM) has published Public Ruling No. 4/2026 on 30 September 2026, providing updated guidance on special capital allowances that allow a 100% write-off for small-value assets. Replacing the previous PR No.
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Denmark proposes Pillar Two rules, sweeping tax changes for 2026–2027
Denmark published its Legislative Programme for 2026–2027 on 8 October 2026, setting out 22 legislative bills under the Ministry of Taxation and other proposed legislation covering tax and related matters. The proposals cover the implementation
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Slovenia proposes VAT Act amendments to implement ViDA measures
Slovenia’s Ministry of Finance has published a draft law proposing amendments to the Value Added Tax Act to transpose certain measures of the VAT in the Digital Age (ViDA) package, in line with Council Directive (EU) 2025/516. The provisions are
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Iceland consults proposed reforms to R&D tax incentive framework
Iceland’s Ministry of Finance has launched a public consultation on 7 October 2026 on a draft bill proposing amendments to Law No. 152/2009 on Support for Innovation Companies. The consultation is scheduled to conclude on 21 October
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Belgium: Council of Ministers approve GIR MCAA
The Belgian Council of Ministers approved a draft law on 9 October 2026 to ratify the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), which Belgium signed on 16 June 2025. The agreement supports
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South Africa: RAF asks Treasury to raise petrol, diesel levy
South Africa’s Road Accident Fund (RAF) wants the National Treasury to raise the RAF levy on petrol and diesel from ZAR 2.25 per litre to ZAR 3 per litre, saying it needs a stronger funding base, according to its 2025/26 annual report. The levy
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Greece: Ministry of National Economy and Finance consults new crypto tax framework
Greece’s Ministry of National Economy and Finance opened a public consultation on 7 October 2026 on a draft bill that would establish a dedicated tax framework for crypto assets, including a 10% tax on capital gains made by individuals, ahead of
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