Finland amends employee benefits, commuting deductions and household tax credits
Finland has enacted Law 873/2026 of 9 October 2026, which amends and temporarily amends the Income Tax Act. The law takes effect on 13 October 2026, but most of its provisions apply retroactively from 1 January 2026. The amendments cover employee
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Kenya introduces new income tax rules for leasing agreements
Kenya's National Treasury has published the Income Tax (Leasing) Rules, 2026, through Legal Notice No. 187 on 12 August 2026, a framework that brings income generated by lessors from both operating and finance leases within the scope of income tax
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Malaysia extends tax exemption for foreign-sourced dividend income to 2030
Malaysia has gazetted the Income Tax (Dividend Income Received in Malaysia from Outside Malaysia) (Exemption) Order 2026 on 22 October 2026, extending tax relief on foreign-sourced dividend income brought into the country. The Order takes effect
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Vietnam proposes zero special consumption tax on petrol until March 2027
Vietnam’s government has proposed that the special consumption tax on all petrol grades be reduced to zero for the period from 1 November to 31 March 2027, it announced on 27 October 2026. Households and businesses could also benefit from lower
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Cyprus extends Pillar Two global minimum tax filing, payment deadlines for FY 2023–24
The Cyprus Tax Department has announced an extension of the filing and payment deadlines under the Pillar Two global minimum tax rules for the first fiscal year, defined as a fiscal year commencing between 31 December 2023 and 30 December 2024. The
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Taiwan reminds tax-exempt sellers to issue correct uniform invoices
Taiwan’s National Taxation Bureau of the Central Area, under the Ministry of Finance, announced on 27 October 2026 that businesses selling goods or services exempt from business tax must issue tax-exempt uniform invoices unless they have applied
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India to enforce new GST rules on post-supply discounts from 1 November
India’s tax authority, the Central Board of Indirect Taxes and Customs (CBIC), has set 1 November 2026 as the date on which new amendments to the Central Goods and Services Tax Act, 2017 (CGST Act) will take effect. The date was announced in a
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Belgium clarifies capital gains tax withholding rules
Belgium's tax administration, FPS Finance, has published Circular Letter 2026/C/94 on 20 October 2026, clarifying withholding tax obligations under the new capital gains tax regime for financial assets, arising from the new capital gains tax on
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Argentina: ARCA clarifies registration and validation procedures under tax innocence law
Argentina’s tax authority (ARCA) clarified the distinction between registration, ratification and validation under the Tax Innocence Law on 27 October 2026. Taxpayers who have already joined the system, filed their sworn statement and cleared
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US: IRS grants temporary relief on dyed diesel reporting
The US Internal Revenue Service (IRS) announced on 21 October 2026 that it has granted temporary administrative relief from certain reporting and recordkeeping rules tied to the tax imposed under section 4041(a) of the Internal Revenue Code. The
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Argentina: ARCA adjusts the simplified sworn statement regime for Fiscal Innocence II
The Argentine tax authority (ARCA) has announced changes to the simplified income tax return regime for individuals introduced by the so-called “Fiscal Innocence II” Law (Law No. 27.826). The aim is to make filing easier for individuals who want
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Pakistan: FBR extends e-invoicing framework to federal excise, ICT services taxes
Pakistan’s Federal Board of Revenue (FBR) of Pakistan has issued notifications S.R.O. 1666(I)/2026 and S.R.O. 1667(I)/2026 on 29 September 2026, to extend the national electronic invoicing framework beyond standard sales tax to cover Federal
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Kenya enacts amendments to revenue authority governance and funding
Kenya has enacted the Kenya Revenue Authority (Amendment) Bill, 2026 (National Assembly Bills No. 28 of 2026), which was published on 19 May 2026 and underwent its First and Second Readings in May and June 2026. The legislation was passed by the
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Kenya extends reduced VAT rate on petroleum products to January 2027
Kenya has extended the temporary VAT reduction on specified petroleum products from 16% to 8% for a further 90 days, until 12 January 2027, under the Tax Laws (Amendment) Act 2026, signed by President William Ruto on 16 October 2026. The
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New Zealand issues draft guidance on forestry income tax
New Zealand’s Inland Revenue has released an exposure draft (Draft Interpretation Statement IS XX/XX), titled "Income Tax – Forestry", which provides comprehensive guidance on how the Income Tax Act 2007 applies to forestry activities and timber
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Sri Lanka: IRD clarifies how to get a tax residency certificate
Sri Lanka’s Inland Revenue Department issued a notice to taxpayers on 19 October 2026 explaining how to obtain a Tax Residency Certificate (TRC). Individuals, companies and partnerships can all apply. Reasons to apply for a TRC Residents who
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Greece exempts listed shipping shares from 1% transaction tax
Greece’s tax authority (AADE) has issued Circular E.2063/2026 on 20 October 2026, which provides official clarification resolving the legal interaction between Greece’s general transaction tax on equity trades and the special tax privileges of
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UAE: FTA sets e-invoicing deadlines for large businesses
The UAE Federal Tax Authority (FTA), in a release on 25 October 2026, has urged persons subject to e-invoicing requirements to meet the prescribed deadlines, including appointing an accredited service provider by 30 October 2026 and implementing the
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