Romania tightens excise controls with new licensing requirements and financial guarantees
Romania’s government gazetted Government Emergency Ordinance (GEO) No. 13/2026 on 9 March 2026, which introduces a series of fiscal and budgetary reform measures primarily aimed at protecting the state budget by tightening controls on debt
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Canada: Government to release Spring Economic Update on 28 April 2026
Canada’s Minister of Finance and National Revenue announced on 15 April 2026 that he will table the Spring Economic Update 2026 on Tuesday, 28 April 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to
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US: Trump Administration unveils FY2027 budget, proposes reduction in non-defence funding
The Trump administration unveiled its fiscal year 2027 budget proposal on 3 April 2026, featuring significant reductions to the Internal Revenue Service (IRS) alongside increased defence spending and border security priorities. The budget, set to
See MoreRomania includes investment attraction programmes in 2026 budget
Romania’s Ministry of Finance has published the draft consolidated budget for 2026 on 10 March 2026, emphasising fiscal responsibility while maintaining record public investment levels and extensive utilisation of European funds to support
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Bulgaria: Government withdraws 2026 draft budget law amid protests
Bulgaria’s government announced the withdrawal of its proposed 2026 State Budget, along with the draft Social Security and National Health Insurance budgets, after widespread protests against planned tax and social contribution increases on 2
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Malawi: MoF presents 2025-26 mid-year budget review, to introduce Minimum Alternate Tax
Malawi’s Ministry of Finance, Economic Planning, and Decentralisation (MoFEPD) presented the 2025-26 Mid-Year Budget Review Statement to the National Assembly on 21 November 2025. The 2025-26 Mid-Year Budget Review Statement proposes various
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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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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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Morocco: Government presents 2026 Finance Bill to the parliament
The 2026 Finance Bill introduces broad tax reforms, including expanded corporate and personal income tax withholding, new VAT exemptions for specific goods and investments, the launch of a petroleum product marking system, and the introduction of a
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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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Portugal announces 2026 Budget, proposes lower corporate tax rates
Portugal’s 2026 draft budget proposes tax cuts for companies, including a corporate tax rate reduction to 19% (and 15% for SMEs), as part of the plan to lower the rate to 17% by 2028. Portugal’s government has presented the draft State
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Zambia: Government presents 2026 budget, proposes VAT refund incentives for energy sector
The national budget for 2026 proposes amendments to key tax laws to enhance revenue, provide targeted relief, promote equity, support economic formalisation, and align with international standards. Zambia’s Minister of Finance and National
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Ukraine: Government presents 2026 budget to parliament, proposes increased minimum wage
Draft Law No. 14000 proposes raising the minimum statutory monthly salary from UAH 8,000 to UAH 8,647 and the minimum subsistence level for employed individuals from UAH 3,028 to UAH 3,328. Ukraine’s government has presented Draft Law No.
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Poland: Council of Ministers adopt 2026 draft budget act
The 2026 draft includes various fiscal changes, such as an increase in the corporate tax rate for the banking sector, a rise in the VAT exemption threshold, and an increase in excise rates on alcoholic beverages. Poland’s Council of Ministers
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Netherlands: Lower house approves 2026 Omnibus Tax Bill
This 2026 Omnibus Tax Bill introduces various primarily technical, smaller-scale amendments, proposals, and corrections across multiple tax laws. The Dutch lower house of the parliament approved the 2026 Omnibus Tax Bill, and published it on its
See MoreRussia: MoF presents various tax reforms, includes VAT increases as part of 2026 budget package
The budget proposals include a standard VAT rate hike from 20% to 22%, and the simplified VAT threshold will drop from RUB 60 million to RUB 10 million, amongst others. Russia’s Ministry of Finance has submitted a series of draft laws to the
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Sweden: Government proposes simplified business and capital taxation in 2026 budgetÂ
The proposed tax measures include business tax credits and simplified forestry and shipping rules, temporary VAT cuts and fraud controls, changes to excise taxes on alcohol and tobacco, permanent tax-free EV workplace charging, and reduced energy
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