Hungary unveils wealth tax plan for rich individuals
Hungary's government has proposed an annual wealth tax on individuals holding more than HUF 1 billion, Prime Minister Peter Magyar announced on 6 October 2026. The tax would be 1% on wealth above the threshold from January 2027. Those with more
See More
Malaysia: 2027 budget to target cost-of-living relief amid fiscal pressures
Malaysia’s Prime Minister Anwar Ibrahim will announce the 2027 budget on 9 October 2026, signalling a shift toward targeted household support as the government balances election expectations with fiscal constraints. The announcement comes amid
See More
Taiwan urges enterprises to submit audited CFC statements on time
Taiwan's National Taxation Bureau of the Central Area, under the Ministry of Finance, has reminded profit-seeking enterprises that have been granted an extension to submit financial statements of their controlled foreign company (CFC), audited and
See More
Ireland introduces Pillar Two amendments, business incentives in Budget 2027
Ireland’s Department of Finance published Budget 2027 on 6 October 2026. The key tax measures are as follows: Corporation tax administration Budget 2027 introduces changes to preliminary corporation tax rules to provide greater
See More
Singapore: IRAS rules redeemable preference shares are equity, dividends tax-exempt
The Inland Revenue Authority of Singapore (IRAS) has ruled that redeemable preference shares (RPS) issued by a Singapore-resident investment holding company are equity instruments for income tax purposes. The determination is set out in Advance
See More
Malta issues VAT transition guidance for online gaming services
Malta’s Commissioner for Tax and Customs issued the Guidelines on Transitory Measures for Input and Output VAT Pursuant to a Change in the VAT Act in the VAT Treatment of a Supply on 30 September 2026. The guidance followed changes to the VAT Act
See More
Uruguay: MoF extends reduced VAT rate for tourism services
Uruguay’s Ministry of Finance ( MoF) has announced that the Executive Branch extended a nine-percentage-point reduction in the VAT rate for certain tourism-related services until 30 April 2027 under Decree No. 235/026, signed by President Yamandú
See More
Taiwan: MoF issues business tax ruling on virtual assets
Taiwan’s Ministry of Finance (MoF) issued an interpretation ruling on 3 September 2026 clarifying that businesses selling virtual assets and stablecoins defined under the Virtual Asset Service Act are not subject to business tax. The
See More
Lithuania: STI consults on extending participation exemption to foreign company interests
Lithuania's State Tax Inspectorate has initiated a consultation on 2 October 2026 by publishing the draft, which covers Articles 12 and 30 of the law. Under the draft, the term "share" would also include an interest in a foreign limited liability
See More
Thailand issues rules for digital tax exemption
Thailand’s Revenue Department has issued Notification No. 469 setting the criteria, procedures and conditions for a 100% corporate income tax exemption on qualifying expenditure for computer programs, hardware, smart devices and digital services.
See More
Spain: MoF announces possible delay to e-invoicing rollout
Spain's Ministry of Finance (MoF) announced on 5 October 2026 that it intends to push back the pending obligations under the Regulation on invoice computer systems (Royal Decree 1007/2023, VERI*FACTU) for businesses and professionals to October
See More
France issues guidance on eligible investment structures, rejecting SARLs
France's General Directorate of Public Finances (DGFiP) published the administrative ruling (rescrit) BOI-RES-BIC-000102 on 30 September 2026 in the Bulletin Officiel des Finances Publiques – Impôts (BOFiP). It clarifies how investments made
See More
Spain: MoF confirms mandatory B2B e-invoicing timeline
Spain's Ministry of Finance (MoF) has published the Order HAC/1028/2026 in the official gazette BOE on 5 October 2026, fixing the dates from which businesses must comply with the B2B e-invoicing mandate. The order enters into force the day after
See More
Singapore: IRAS updates business expenses guidance with deductibility checker for companies
Singapore's Inland Revenue Authority (IRAS) added the business expense deductibility checker to its business expenses guidance page on 29 September 2026. Companies can search or browse by expense type to see whether common business expenses are
See More
UAE: FTA issues guidance on free zone, designated zone tests
The UAE’s Federal Tax Authority (FTA) issued Tax Public Clarification – TAXP010 on 2 October 2026. It sets out how a business can determine whether its location is a Free Zone or a Designated Zone under each of the three tax laws. The
See More
Cyprus: Government approves VAT cuts, inflation relief measures
The Cyprus Council of Ministers and the Ministry of Finance announced a series of economic measures on 30 September 2026, designed to address rising prices across essential goods and services. Tax reductions on food and energy Cyprus will
See More
Italy: Revenue Agency launches VAT anomaly alerts for 2023 tax period
The Italian Revenue Agency announced on 5 October 2026 that it has established procedures to notify VAT-registered taxpayers about discrepancies in their 2023 tax filings. Director Vincenzo Carbone signed the provision on 5 October 2026 to implement
See More
US: Trump issues diesel tax exemption order as fuel prices strain election prospects
The US President Donald Trump signed an executive order on 5 October 2026 to expand access to tax-exempt diesel fuel. The announcement came during a campaign rally in Grand Island, Nebraska, where Trump unveiled the directive from the stage. The
See More