Sweden: MOF proposes direct Pillar Two top-up tax liability for joint ventures
Sweden’s Ministry of Finance has proposed amendments to the Additional Tax Act under Pillar Two that would make Swedish-resident joint ventures and their subsidiaries directly liable for the full amount of Swedish qualified domestic minimum top-up
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Italy further postpones low-value shipment fee to 2027
Italy has published Decree-Law No. 193 of 23 October 2026, which introduces measures to support the road haulage, agriculture, fisheries and aquaculture sectors amid rising fuel costs. Low-value shipment fee The decree further postpones the
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Lithuania: VMI clarifies withholding tax on income from foreign entities
Lithuania's State Tax Inspectorate (VMI) has issued guidance on 20 October 2026, clarifying how income received by foreign entities from Lithuanian sources is taxed. Income earned through a permanent establishment is taxed at the standard
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Ghana: GRA introduces real-time VAT collection on cross-border digital services
The Ghana Revenue Authority (GRA) announced on 14 October 2026 a new method for collecting value added tax (VAT) and related levies on certain digital services. The method took effect on 15 October 2026. Commercial banks and other designated payment
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Netherlands: Parliament approves 2027 Omnibus Tax Bill
The Netherlands' upper house of parliament approved the 2027 Omnibus Tax Bill (Fiscale Verzamelwet 2027) on 27 October 2026. The lower house adopted the bill on 6 October 2026. The Dutch Fiscal Omnibus Act 2027 updates several tax rules, with
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Austria consults Pillar Two safe harbours, tax law amendments
Austria's Ministry of Finance has opened consultation, on 21October 2026, on the draft federal bill Abgabenänderungsgesetz 2026 (AbgÄG 2026), which amends 22 tax laws, duties and related procedural statutes. Pillar Two safe harbours The
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UK freezes fuel duty until July 2027
Britain will keep fuel duty frozen and extend a temporary 5p cut, Finance Minister John Healey said on 28 October 2026 in his 2026 budget statement. The government will keep the 5p cut in place through the winter and spring, until at least July
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UK doubles bank tax surcharge for 15 months
The UK Finance Minister John Healey announced on 28 October 2026 that the UK will double a tax surcharge on banks for 15 months. The measure is part of the 2026 budget, which was presented to Parliament on 28 October 2026. The surcharge applies
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Bank of Canada raises policy key rate, signals more hikes may follow
The Bank of Canada raised its key policy rate by 0.25 percentage points on 28 October 2026. The rate now stands at 2.5%. Markets had widely expected the move, which marks the first increase since July 2023. The key policy rate is applied to
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Kenya introduces new withholding tax rules
Kenya issued the Income Tax (Withholding Tax) Rules 2026 under Legal Notice No. 167, establishing procedures for calculating, deducting, declaring and remitting withholding tax, along with dispute resolution and recovery mechanisms. The rules are
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Portugal proposes lower corporate tax rate and extends tax incentives in 2027 budget
Portugal’s parliament approved Proposed Law No. 110/XVII/2.ª, which approves the State Budget for 2027, at first reading on 28 October. The centre-right minority government secured passage after the opposition Socialist Party abstained, despite
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UK Budget 2026 sets out major corporate, personal and indirect tax reforms
UK’s Chancellor of the Exchequer John Healey presented Budget 2026 to Parliament on 28 October 2026. Most of the measures will be legislated through Finance Bill 2026-27, while others will be introduced through secondary legislation or future
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Italy proposes corporate tax increases in 2027 budget package
Italy’s Council of Ministers, following a proposal by Minister of Economy and Finance Giancarlo Giorgetti, approved the draft law for the State Budget 2027 and the multi-year framework for 2027–29. As the final financial bill put forward
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Algeria proposes corporate tax, VAT and digital reporting reforms in 2027 Finance Bill
Algeria’s Council of Ministers approved the Finance Bill for 2027 on 4 October 2026, which began parliamentary examination on 13 October 2026. The proposed measures remain subject to parliamentary adoption. The Finance Bill for 2027 provides
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Belgium adopts first stage of ViDA implementation bill
Belgium’s parliament has adopted a draft bill implementing the first stage of the EU’s VAT in the Digital Age (ViDA) package. The proposal implements Articles 2 and 4 of the Directive, which modernises cross-border business-to-consumer (B2C)
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Mexico: Senate passes 2027 revenue law with wider tax regularisation programme
Mexico’s Senate of the Republic approved the bill enacting the Federal Revenue Law for Fiscal Year 2027 on 27 October 2026, according to Bulletin No. 0356. The Senate’s Board of Directors ordered the bill to be sent to the Federal
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OECD reports progress in Caribbean CbCR implementation, with gaps persisting
The Organisation for Economic Co-operation and Development (OECD) and G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) published its Compilation of 2026 Peer Review Reports on Country-by-Country Reporting (CbCR) on 19 October 2026,
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Malta proposes corporate tax cut, family relief in 2027 Budget
Malta’s Finance Minister Clyde Caruana presented the 2027 Budget to parliament on 26 October 2026, outlining tax measures aimed at supporting businesses and households while addressing the costs associated with tourism and
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