Malta: MoF presents budget measures implementation bill to the parliament
Malta’s Ministry of Finance tabled the Budget Measures Implementation Bill 2025 in parliament on 28 October 2025, following the 2026 Budget speech on 27 October 2025. The Budget Measures Implementation Bill 2025 serves as an Act to implement
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Greece: Ministry of National Economy and Finance proposes draft tax reform to support families, housing, growth
RF Report Greece's Ministry of National Economy and Finance has unveiled a draft law aimed at boosting citizen income, addressing demographic challenges, and increasing long-term rental housing availability. The reforms target personal income
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Malta announces 2026 budget, includes tax credits for new investments and R&D
Regfollower Desk Malta's Minister for Finance presented the 2026 budget to parliament on 27 October 2025. The 2026 budget includes various tax measures for enhancing investment incentives for businesses. New investor tax credit A 60%
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Russia: MoF outlines key provisions for implementing 2026 federal budget, publishes 2027–2028 planned period
Regfollower Desk Russia’s Ministry of Finance (MoF) has published a draft resolution outlining key provisions for implementing the federal budget in 2026 and the planned period of 2027–2028. This announcement was made yesterday, 28
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Lithuania: MoF presents draft budget, expands list of corporate tax exempt entities
Lithuania’s 2026 draft Budget proposes halting the planned increase in CO2 excise duty on diesel and introducing a corporate tax exemption for the National Development Bank. Lithuania’s Ministry of Finance has presented the 2026 draft Budget
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Italy: Council of Ministers approves 2026 draft state budget, multi-year budget for 2026-28
Italy's 2026 draft budget introduces a new three-year tax credit for businesses in SEZs, extends plastic and sugar tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s Council of
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France proposes reduced surtax for large corporations in draft 2026 budget
For 2026, France intends to maintain the temporary corporate income surtax for large corporations at reduced rates, introduce a wealth tax, speed up the gradual abolition of the CVAE business tax, and revise its global minimum tax
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Singapore: Parliament reviews Finance (Income Tax) Bill 2025, includes new corporate tax relief measures
This legislation proposes numerous amendments to the Income Tax Act (ITA) and the Multinational Enterprise (Minimum Tax) Act (MMTA). Singapore's Parliament is reviewing the Finance (Income Taxes) Bill 2025, which had its first reading on 14
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Ethiopia: MoF announces 2025-26 budget, includes alternative minimum tax
Ethiopia's 2025–26 budget introduces major tax reforms, including an alternative minimum tax, revised personal and business income tax rates, digital economy taxation, withholding rules, cash transaction limits, and new measures for corporate
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Colombia: Senate approves 2026 budget
The 2026 budget proposal now awaits the president's signature to become official. Colombia's Senate has approved the 2026 budget on 15 October 2025, amounting to COP 546.9 trillion (USD 140.2 billion), following prior approval from the lower
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Slovak Republic: MoF presents 2026 Draft Budgetary Plan to EU
The finance ministry submitted its Draft Budgetary Plan for 2026 to the European Commission for review as part of the EU’s annual budget coordination process. The Slovak Republic’s Ministry of Finance has announced, on 15 October 2025, that
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Finland: Government submits third supplementary budget for 2025 to the Parliament
Finland submitted its third supplementary 2025 budget, proposing changes to spending, revenue, and borrowing. Finland’s Government submitted its third supplementary budget proposal for 2025 to Parliament on 10 October, proposing changes to
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UK: Welsh government unveils 2026-27 draft budget, proposes landfill disposal tax rate increase
For 2026–27, Wales will keep existing LTT rates but revise Multiple Dwelling Relief and introduce a new refund rule for certain leased properties, while the LDT standard rate will rise in line with RPI. Wales’ Cabinet Secretary for Finance
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Norway: Government presents 2026 Budget Bill, corporate income tax to remain at current levels
The 2026 Budget Bill prioritises welfare, health, defence, reducing electric car subsidies, cutting income and electricity taxes to boost purchasing power, and closing tax loopholes. Norway’s government has presented its proposal for the state
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Ireland publishes Finance Bill 2025, increase rate of R&D tax credit
The 2025 Finance Bill introduces amendments covering VAT rates for hospitality and hairdressing, retirement savings, foreign dividend exemptions, and investment taxation, while updating various enterprise, property, and personal tax measures,
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Italy: MoF presents draft budget plan for 2026-28
Italy’s 2026 budget introduces a new three-year tax credit for businesses in SEZs, extends plastic, sugar, and tourist tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s
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Latvia: Government approves 2026 budget
The 2026 budget aims to boost revenue through excise taxes while easing living costs via a temporary VAT reduction on essential foods from July 2026. Latvia’s government has approved the 2026 state budget measures on 14 October 2025 and the
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Russia: State Duma reviews draft 2026–2028 federal budget
Russia’s State Duma committee began reviewing the 2026–2028 federal budget, focusing on social spending, defence, regional development, and technological leadership. The Russia’s State Duma Committee on budget and taxes has begun
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