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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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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