Taiwan clarifies bad debt loss treatment for court-approved settlements
Taiwan's National Taxation Bureau of Taipei, under the Ministry of Finance, has clarified that an enterprise may report a bad debt loss in the year a court approves a settlement with a debtor who is unable to repay, not in the year the mediation is
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Singapore: IRAS issues advance ruling on intellectual property transfer within multinational group
The Inland Revenue Authority of Singapore (IRAS) has ruled in Advance Ruling Summary No. 17/2026 published on 1 October 2026, that gains from a group's transfer of intellectual property rights are not taxable under section 10(1) of the Income Tax
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US: Trump Administration eyes federal gas tax suspension
President Donald Trump said on 6 October 2026 that his administration is considering suspending the federal gas tax. The proposal responds to mounting pressure from rising fuel prices, which have become a major political concern for Republicans
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Saudi Arabia: ZATCA issues guide on annual disclosure form for RHQs
Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) has published a user guide on how regional headquarters (RHQs) must submit their annual disclosure form through the ZATCA website. The form is used to check compliance with the economic
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Lithuania: STI consults on extending participation exemption to foreign company interests
Lithuania's State Tax Inspectorate has initiated a consultation on 2 October 2026 by publishing the draft, which covers Articles 12 and 30 of the law. Under the draft, the term "share" would also include an interest in a foreign limited liability
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France issues guidance on eligible investment structures, rejecting SARLs
France's General Directorate of Public Finances (DGFiP) published the administrative ruling (rescrit) BOI-RES-BIC-000102 on 30 September 2026 in the Bulletin Officiel des Finances Publiques – Impôts (BOFiP). It clarifies how investments made
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US: Trump issues diesel tax exemption order as fuel prices strain election prospects
The US President Donald Trump signed an executive order on 5 October 2026 to expand access to tax-exempt diesel fuel. The announcement came during a campaign rally in Grand Island, Nebraska, where Trump unveiled the directive from the stage. The
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Brazil submits ratification of treaty law convention for states, international organisations
Brazil deposited its instrument of ratification for the 1986 Vienna Convention on the Law of Treaties between States and International Organisations or between International Organisations on 1 October 2026, the United Nations has said. Brazil
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France: ANIA condemns sugar levy on sweetened drinks, ultra-processed foods
The French food industry association, Association Nationale des Industries Alimentaires (ANIA) has condemned a proposal in the government's 2027 budget to extend the sugar levy on sweetened drinks to ultra-processed foods, saying the plan is "a
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Taiwan clarifies how heirs should declare mortgage-secured claims in estate tax returns
Taiwan's National Taxation Bureau of the Central Area, under the Ministry of Finance, has stated that where a decedent left a claim secured by a mortgage, the heirs should include the actual outstanding amount of that claim in the estate tax return,
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France submits 2027 social security finance bill to National Assembly
The French government presented the Social Security Finance Bill for 2027 to the National Assembly on 1 October 2026 for debate. It contains no major tax provisions, except for a new levy on certain processed and packaged products containing added
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US: IRS seeks volunteers for free tax preparation programmes
The US Internal Revenue Service (IRS) announced, on 1 October 2026, that it is recruiting volunteers and community organisations to help provide free tax preparation services during the upcoming filing season. Two programmes drive this effort:
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Poland enacts windfall tax on energy firms
Poland's President Karol Nawrocki signed a windfall tax bill on 1 October 2026 that targets oil and gas companies. Parliament had already approved the legislation, which aims to recapture profits that energy firms earned from supply disruptions
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Greece revises procedures for foreign pensioners
Greece’s Independent Authority for Public Revenue (AADE) had issued Decision A. 1192/2026 on 22 September, 2026, setting out procedures and requirements for foreign pensioners transferring their tax residency to Greece under Article 5B of Law
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Austria extends mineral oil tax reduction through November
Austria’s Federal Council had approved an amendment to the Mineral Oil Tax Act on 29 September 2026, extending the temporary reduction of the mineral oil tax on petrol and diesel through 30 November 2026. The measure allowed Finance Minister
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Australia: ATO announces GIC, SIC rates for Q2 2026-27
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the second quarter of the 2026-27 income year on 4 September 2026. For the quarter commencing on 1 October 2026,
See MoreTaiwan: Tax Bureau warns against free company use of private property
Taiwan’s National Taxation Bureau of the Northern Area, Ministry of Finance, announced on 30 September 2026 that individuals who provided houses they owned to companies for business use without charging rent were still required to calculate and
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Taiwan announces 2026 estate tax exemption, deductions
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance, had announced the applicable estate tax exemption amount and deductions for cases where the date of death occurred on or after 1 January 2026. An exemption of
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