Indonesia: Parliament approves budget for 2027
Indonesia's budget committee has given final approval to the government's 2027 budget plan. The committee, led by chair Said Abdullah, signed off on total spending of IDR 4,106.3 trillion on 24 September 2026. The approved amounts each run IDR
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Russia plans tax increases to fund military spending through 2029
The Russian government unveiled its draft three-year budget on 24 September 2026, laying out plans for 2027 through 2029 that prioritise military spending while widening the fiscal deficit. The budget must reach parliament by 1 October 2026. For
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Thailand revises proposed Digital Platform Economy Act
Thailand’s Ministry of Digital Economy and Society (DES) has begun revising the proposed Digital Platform Economy Act, reassessing a framework initially influenced by the European Union’s Digital Markets Act and Digital Services Act. The
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Thailand plans new policy framework for data centre sector
Thailand’s Cabinet approved a draft of the Prime Minister Office’s regulation on 5 August 2026 to establish a Data Centre Business Policy Committee, marking a move towards more coordinated oversight of data centre businesses. The proposed
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Zambia: ZRA launches Extended Voluntary Disclosure Scheme
The Zambia Revenue Authority (ZRA) has introduced the Extended Voluntary Disclosure Scheme (EVDS) on 18 September 2026 to help taxpayers regularise outstanding tax obligations and strengthen voluntary compliance. The scheme, which will operate
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New Zealand: IR consults income tax treatment of NFPs
New Zealand's Inland Revenue (IR) opened a public consultation on 18 September 2026 on Exposure Draft ED0265, which sets out the proposed income tax treatment of amounts received from members by societies, clubs and other not-for-profit associations
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Colombia extends suspension of tax, customs terms in Pereira until October
Colombia’s National Directorate of Taxes and Customs (DIAN) has extended the suspension of legal and administrative terms for tax, customs and foreign exchange matters handled by its Pereira Sectional Directorate until 14 October 2026. Under
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Thailand reviews auto tax policy as EV market grows
Thailand's Finance Ministry has instructed the Excise Department to conduct a comprehensive review of the country's automotive excise tax structure. The review addresses electric vehicles, hybrids, and traditional internal-combustion engines,
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US, Morocco and Israel agree to advance tax, investment ties
The US, Morocco and Israel agreed on 16 September 2026 to strengthen economic cooperation, including by finalising agreements on investment protection and the avoidance of double taxation by the end of 2026. The commitment was made during a
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Japan: Cabinet approves temporary food consumption tax cut
Japan's Cabinet on 15 September 2026 approved a temporary cut in the consumption tax on food and beverages from 8% to 1%, effective for two years from 1 April 2027 to 31 March 2029, subject to approval by the National Diet. The reduced rate will
See MoreUS: IRS issues warning on fraudulent tribal tax credit schemes
The US Internal Revenue Service (IRS), in a release on 18 September 2026, has alerted the public about a growing scam involving nonexistent "Tribal Tax Credits." Promoters are selling these fake credits to taxpayers, promising to reduce tax bills or
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Turkmenistan, Korea (rep.) discuss trade, investment, energy cooperation
Turkmenistan President Serdar Berdimuhamedov and South Korean President Lee Jae Myung held high-level talks in Seoul on 15 September 2026 during Berdimuhamedov’s state visit to the Republic of Korea. The two sides discussed strengthening
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UK: Government considers lower mansion tax threshold
Britain’s Labour government is considering lowering the threshold for its planned mansion tax from GBP 2 million to GBP 1.5 million, potentially bringing about 271,000 homes within the levy based on current property values. The proposal
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Taiwan clarifies tax treatment of reduced commodity tax refunds
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, has clarified the tax treatment of reduced commodity tax refunds received by profit-seeking enterprises under the Commodity Tax Act. Where goods purchased by a profit-seeking
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US: Kansas Republican introduces amendments to international tax system, proposes BEAT, NCTI and FDDEI changes
Rep. Ron Estes of Kansas introduced the U.S. Innovation and Global Competitiveness Act of 2026 on 17 September 2026. The bill aims to modify how the US taxes multinational companies while maintaining anti-profit-shifting measures. The proposal
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OECD expands INNOTAX portal to cover both expenditure, income-based R&D tax incentives
The Organisation for Economic Co-operation and Development (OECD) announced in September 2026 the launch of an updated version of its INNOTAX portal, a comprehensive database tracking tax incentives for research and development across more than 50
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Cyprus targets tax compliance with stricter enforcement, digital upgrades in 2027 state budget
The Cyprus Council of Ministers approved the Budget Bill for the year 2027 and the Medium-Term Fiscal Framework (MTFF) 2027-2029 on 16 September 2026. The bill details a strategic shift in government spending, highlighting increased allocations for
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EU finance ministers push for energy windfall tax plan
European Union finance ministers met in Dublin on 18 September 2026 to discuss imposing a joint windfall tax on energy companies. The debate centres on profits these firms are making from surging oil and gas prices following the closure of the
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