Kenya: KRA increases fringe benefit and deemed interest rates to 9%
The Kenya Revenue Authority (KRA) has issued a public notice on 22 October 2026 on the market interest rate for fringe benefit tax purposes and the deemed interest rate for certain non-resident loans for October, November, and December 2026, which
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Dominican Republic mandates e-invoicing for Large local, medium taxpayers from November 2026
The Dominican Republic’s Directorate General of Internal Taxes issued Notice 17-26 on 26 October 2026, reminding taxpayers classified as large local (Grandes Locales) and medium (Medianos) that the transition to electronic invoicing is imminent.
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Kazakhstan: NBK lowers base rate, effective from 26 October
Kazakhstan’s central bank, the National Bank of Kazakhstan (NBK), has reduced its base interest rate from 16.25 %to 15.75% . It announced the decision on 23 October 2026. The base interest rate is used to determine late payment interest on
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Italy rules on retroactive accounting changes and Pillar Two scope
The Italian Tax Authority has ruled that a multinational group cannot use 2023 revenue figures restated under a new accounting standard to test whether it falls within the scope of the Global Minimum Tax (GMT). In Risposta n. 188/2026, the authority
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Austria consults Tax Amendment Act 2026 with Pillar Two safe harbours
Austria’s Federal Ministry of Finance announced a consultation on 22 October 2026 on the draft Tax Amendment Act 2026 (Abgabenänderungsgesetz 2026, or AbgÄG 2026) on 21 October 2026. The bill would amend 22 federal laws, with the Pillar Two
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New Zealand: IR consults on loss carry-forward rules after ownership breach
New Zealand’s tax authority, Inland Revenue (IR), opened consultation on 16 October 2026 on an exposure draft, PUB00535 (Draft QWBA QB XX/XX), which clarifies how the loss carry-forward rules apply when ownership continuity is breached. Titled
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Hong Kong opens Pillar Two portal for top-up tax returns, mandates e-filing
Hong Kong’s Inland Revenue Department (IRD) has launched new functions on its Pillar Two Portal from 26 October 2026. A Part 4AA entity of an in-scope MNE group can now file a top-up tax return and view and download notices of top-up tax
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Switzerland: Federal Council amends minimum tax rules to delay OECD guidance
Switzerland’s Federal Council adopted the amendment at its meeting in Bern on 21 October 2026. It implements two parliamentary motions with identical wording, which called for the guidance to apply in Switzerland one year later than the date
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Cyprus: Tax Department revises transfer pricing simplification return rates from 2026
The Cyprus Tax Department has updated its Transfer Pricing webpage with Circular 5/2026, issued on 12 October 2026, revising the minimum or maximum rates set out in paragraphs 14, 18, and 25 of Circular 6/2023, which covers minimum transfer pricing
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Hungary proposes higher levies on big business, tax cuts for low earners in 2027 budget
Hungary’s government has presented a draft 2027 budget that pairs higher corporate and sectoral levies with tax relief for workers and families, Prime Minister Péter Magyar said in a speech before the agenda in Parliament on 19 October
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German diesel drivers receive only part of temporary fuel-tax cut
Germany’s diesel drivers are receiving only part of the temporary fuel-tax cut introduced by Chancellor Friedrich Merz’s government this month, according to an analysis by the Ifo Institute published on Thursday. The institute found that
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Bahrain: NBR issues updated excise guide covering tax rates, refunds, digital stamps
Bahrain’s National Bureau for Revenue (NBR) has published Version 1.2 of the Kingdom of Bahrain Excise Guide on 6 October 2026, outlining how excise tax operates in the country, from registration of goods to refunds and anti-evasion
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UN Tax Committee advances STTR updates, AI guidance for tax administrations
At the fifth meeting of its 33rd session, the United Nations (UN) Committee of Experts on International Cooperation in Tax Matters supported the consistent inclusion of the Subject-to-Tax Rule (STTR), where appropriate, throughout the Commentary to
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France authorises Pillar Two GloBE information exchange agreement
France published Law No. 2026-963 of 19 October 2026 in Issue No. 245 of the Journal officiel de la République française on 20 October 2026, authorising approval of the Multilateral Competent Authority Agreement on the Exchange of GloBE
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Saudi Arabia opens VAT refund claims for individuals on real estate supplies
Saudi Arabia’s General Secretariat of the Zakat, Tax and Customs Committees has begun accepting claims for VAT refunds on real estate supplies made by individuals, it announced on 13 October 2026. The claims cover supplies made from 14/04/1439
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Ukraine imposes 20% VAT on all cross-border e-commerce parcels
Ukraine’s parliament approved a package of tax and customs amendments on 15 October 2026 to bring cross-border e-commerce rules closer to European Union standards. The measures also reflect requirements of the International Monetary Fund. The
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Italy weighs further tax increases on energy firms in 2027–2029 budget
Italy may raise taxes on energy companies to fund tax cuts and higher spending, sources close to the matter told Reuters on 23 October 2026. The plan would shape the government's budget for 2027 to 2029, due next week. The IRAP tax has already
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Taiwan issues land value tax payment reminder
Taiwan’s Taxation Administration announced on 22 October 2026 that taxpayers must pay the 2026 land value tax between 1 November and 30 November. Local tax collection authorities will send payment notices to taxpayers by post. Multiple payment
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