Brazil: Supreme Federal Court sets conditions for tax penalties on profit distributions
The Brazilian Supreme Federal Court (STF) recently reached a defining resolution in its jurisprudence regarding corporate tax enforcement and financial governance. In its decision on Direct Action of Unconstitutionality (ADI) 5161, finalised on
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EU considers broader corporate tax to capture revenue from tech companies
The European Commission is developing a revised approach to capture tax revenue from major technology companies without openly targeting American firms. Rather than creating a standalone digital services tax, Brussels wants to expand its Corporate
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Singapore: IRAS issues advance ruling on intellectual property transfer within multinational group
The Inland Revenue Authority of Singapore (IRAS) has ruled in Advance Ruling Summary No. 17/2026 published on 1 October 2026, that gains from a group's transfer of intellectual property rights are not taxable under section 10(1) of the Income Tax
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Lithuania: VMI proposes wider participation exemption for foreign corporate interests
Lithuania's State Tax Inspectorate (VMI) has published a comparative draft document on its draft commentary page. It sets out amendments to Articles 12 and 30 of the Law on Corporate Income Tax (Pelno mokesčio įstatymas – PMĮ) and the official
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Luxembourg proposes lower corporate tax rate in 2027 state budget
Luxembourg's government presented the 2027 State Budget draft bill (draft Budget Law No. 8800) to parliament yesterday, 7 October 2026. It proposes a reduction in the corporate income tax (IRC) rate and a new income tax table. The bill also
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European Parliament calls for Pillar Two reforms, simpler EU corporate tax rules
The European Parliament adopted its resolution on "The EU’s approach to corporate tax policy in a changing international environment" on 6 October 2026. The resolution, built upon the report prepared by the Committee on Economic and Monetary
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Argentina: ARCA overhauls international tax, transfer pricing rules
Argentina's tax authority (ARCA) has published General Resolution 5903/2026 in the Official Gazette on 30 September 2026. This regulation completely overhauls and unifies Argentina's international tax and transfer pricing rules into a single,
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Malaysia updates capital gains tax guidelines for unlisted shares
The Inland Revenue Board of Malaysia (IRBM) has updated its capital gains tax guidelines for unlisted shares on 21 September 2026, which apply to profits from the disposal of unlisted shares and certain foreign or domestic capital assets. The
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Greece introduces tax rulings procedure for advance interpretation of tax, customs legislation
The Independent Authority for Public Revenue (AADE) of Greece has introduced a new Tax Rulings (TR) procedure. It allows businesses and individuals to know in advance how the authority interprets tax and customs legislation in relation to specific
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Denmark gazettes consolidated share gains tax act with updated taxation, loss deduction and exit rules
Denmark’s Ministry of Taxation has published Executive Order No. 849/2026 on 3 October 2026, which represents the latest consolidated text of the Danish Share Gains Tax Act. Effective retroactively from 21 September 2026, this consolidation
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Germany ratifies GIR MCAA to facilitate automatic exchange of GloBE information
Germany published the Law of 30 September 2026 in the Official Gazette on 5 October 2026, ratifying the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), which Germany signed on 19 September 2025. The
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Spain extends energy tax cuts through December 2026
Spain's government has approved Royal Decree-Law 25/2026 (Real Decreto-ley 25/2026) of 29 September 2026, extending emergency measures first adopted under Royal Decree-Law 7/2026 of 20 March 2026 and Royal Decree-Law 18/2026 of 29 June 2026. The
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US: Trump Administration eyes federal gas tax suspension
President Donald Trump said on 6 October 2026 that his administration is considering suspending the federal gas tax. The proposal responds to mounting pressure from rising fuel prices, which have become a major political concern for Republicans
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OECD: Global Forum issues guidance on tax information confidentiality, cybersecurity
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) released new guidance on 6 October 2026 to assist tax authorities in strengthening confidentiality, information security management (ISM), and
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Finland proposes investment fund tax reforms following CJEU ruling, including ELTIF changes
The Finnish Government presented Government Proposal HE 209/2026 vp to Parliament on 2 October 2026, proposing amendments to the Income Tax Act, the Act on the Taxation of Income of Non-Residents and the Prepayment Act. The primary impetus for
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Thailand: Revenue Department consults on qualified refundable tax credits
Thailand's Revenue Department has launched a public consultation on the principles of the Draft Act on Qualified Refundable Tax Credits, which would give promoted companies a new form of investment incentive compatible with the Pillar Two Global
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Turkey introduces specialised audits for tax evasion, transfer pricing
Turkey’s Tax Audit Board announced that three new specialised departments would become fully operational from 1 October 2026 as part of efforts to strengthen tax audits through specialisation, data analytics, digital auditing and risk-based
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Saudi Arabia: ZATCA issues guide on annual disclosure form for RHQs
Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) has published a user guide on how regional headquarters (RHQs) must submit their annual disclosure form through the ZATCA website. The form is used to check compliance with the economic
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