IMF: Re-thinking taxation for the AI era
On 14 October 2026, at the IMF annual meetings, a forum discussion looked at Rethinking taxation for the AI era. The panel consisted of Adrian Brown, the Founder and CEO at Windfall Trust; Ioana Marinescu, Professor at the University of Pennsylvania
See More
Taiwan removes minimum tax threshold for estate, gift tax instalment payments
Taiwan has removed the minimum tax amount required to apply for payment by instalments under its Estate and Gift Tax Act, the Southern Area National Taxation Bureau of the Ministry of Finance said. The amendment to Article 30, Paragraph 2 of the
See More
Australia: ATO extends GIC remission offer for family trust tax liabilities
The Australian Taxation Office (ATO) announced on 19 October 2026 that it has extended its offer to remit general interest charge (GIC) on family trust distribution tax (FTDT) liabilities. The offer now runs until 30 June 2027, six months longer
See More
Guatemala: SAT introduces temporary fuel tax exemptions
Guatemala’s Ministry of Finance has published Decree 22-2026 (Law on Temporary Emergency Tax Exemption for Fuel Consumers), which was published in the Official Gazette on 30 September 2026. Decree Number 22-2026 establishes a short-term
See More
OECD issues report examining how corporate tax systems can support business growth
The OECD published its Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors, prepared for their meeting under the United States presidency on 15 October 2026. The report updates the OECD’s tax work from April 2026,
See MoreIMF: Fiscal Drivers of FDI in Low Income Countries
On 13 October 2026, at the IMF annual meetings, a presentation by Isabel Duarte of the IMF Fiscal Department looked at Fiscal Drivers of FDI in Low Income Countries. Duarte noted that only around 1% of global foreign direct investment (FDI) flowed
See MoreIMF: Building Digitally Connected Public Finance
On 13 October 2026, at the IMF annual meetings, a panel discussion was held on the theme From Tax to Treasury: Building Digitally Connected Public Finance. The panellists were S. Almanza, the Treasurer in the Bureau of the Treasury, Philippines; M.
See More
UK publishes customs assistance agreements with Australia, Bahrain
The UK Foreign, Commonwealth and Development Office published agreements on cooperation and mutual administrative assistance in customs matters with Australia and Bahrain on 13 October 2026. Both agreements were signed in Brussels on 23 June 2026
See MoreTaiwan allows tax-free release and import of electric vehicles under new procedure
Taiwan’s Ministry of Finance (MoF) amended Articles 54-1, 54-2 and 59-1 of the Regulations Governing the Collection of Commodity Tax on 18 August 2026. According to the Southern Region National Taxation Bureau, Ministry of Finance, the amendments
See More
New Zealand rules property sale proceeds non-taxable
New Zealand’s Inland Revenue issued Technical Decision Summary (TDS) 26/18 on 1 October 2026, addressing whether proceeds from an insurance company’s proposed sale of investment properties would constitute taxable income. The Tax Counsel Office
See More
Czech Republic: Lower House advances windfall tax on refinery profits
The Czech lower house of parliament backed a proposed windfall tax, on 14 October 2026, on the country's refinery sector. Lawmakers approved the measure in its first of three readings. The legislation will now move to a parliamentary committee
See More
Sri Lanka: IRD reminds 2025/2026 corporate, individual taxpayers to file returns
Sri Lanka’s Inland Revenue Department (IRD) has reminded individual and corporate taxpayers that income tax returns for the Year of Assessment 2025/2026 must be submitted by 30 November 2026. The department called on all those obliged to file
See More
UAE: MoF updates e-invoicing accreditation rules for service providers
The UAE Ministry of Finance announced that it released Ministerial Decision No. 168 of 2026 on 9 October 2026, establishing new requirements for companies that provide electronic invoicing services in the UAE. The decision replaces Ministerial
See More
Brazil extends simplified national tax regularisation deadline to 15 October
Brazil’s tax authority, the Federal Revenue Service (RFB) announced on 13 October 2026 that it has set 15 October 2026 as the final deadline for businesses to apply for the Simplified National Tax System (Simples Nacional). Applications
See More
UK considers smaller capital gains tax increase
The UK government will not raise capital gains tax to the same level as income tax, although a smaller increase remains possible ahead of the Budget on 28 October 2026. Finance minister John Healey faces pressure to raise tax revenue to offset
See More
New Zealand: IRD seeks comment on draft guidance for low-value asset deductions
New Zealand’s Inland Revenue has published a draft interpretation statement, Income tax – Depreciation of low-value assets (PUB00533) for public consultation on 9 October 2026. The statement explains section EE 38 of the Income Tax Act 2007,
See More
EU considering new windfall tax on energy companies as profits surge
The European Commission is investigating a continent-wide windfall profit tax on oil and gas firms. The move comes as governments across the bloc face pressure to help households struggling with soaring energy bills. Energy prices have climbed
See More
South Africa: RAF asks Treasury to raise petrol, diesel levy
South Africa’s Road Accident Fund (RAF) wants the National Treasury to raise the RAF levy on petrol and diesel from ZAR 2.25 per litre to ZAR 3 per litre, saying it needs a stronger funding base, according to its 2025/26 annual report. The levy
See More