Dominican Republic enacts comprehensive games tax and regulatory framework
The Dominican Republic has enacted Law 86-26 regulating games of chance and establishing the General Directorate of Games of Chance (DGJA). Promulgated on 22 September 2026 and published in Official Gazette No. 11263 on 2 October 2026, Law 86-26
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Georgia increases property tax exemption threshold to GEL 100,000
Georgia has introduced amendments to the Tax Code, on 28 September 2026, which significantly alter property tax obligations for middle-income families. The amendments became effective on 30 September 2026 and applies retroactively to the 2026 tax
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Taiwan clarifies bad debt loss treatment for court-approved settlements
Taiwan's National Taxation Bureau of Taipei, under the Ministry of Finance, has clarified that an enterprise may report a bad debt loss in the year a court approves a settlement with a debtor who is unable to repay, not in the year the mediation is
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Netherlands: House of Representatives approves 2027 Omnibus Tax Bill
The Netherlands House of Representatives passed the Fiscal Omnibus Act 2027 (Fiscale Verzamelwet 2027, the Bill) on 6 October 2026. The legislation addresses both technical corrections and substantive policy shifts across the country's tax
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UAE clarifies mandatory reverse charge rules for metal scrap trading
The United Arab Emirates (UAE) Federal Tax Authority (FTA) has issued Public Clarification VATP047 on Cabinet Decision No. 153 of 2025, which makes the reverse charge mechanism mandatory for metal scrap trading between UAE VAT registrants. The
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Czech Parliament opposes key elements of EU Taxation Omnibus proposal
The Committee on European Affairs of the Czech Chamber of Deputies adopted Resolution No. 106 during its 13th session on 17 September 2026, issuing a formal Reasoned Opinion on the European Commission's proposal for a Taxation Omnibus Directive
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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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