Mexico: Senate passes 2027 revenue law with wider tax regularisation programme
Mexico’s Senate of the Republic approved the bill enacting the Federal Revenue Law for Fiscal Year 2027 on 27 October 2026, according to Bulletin No. 0356. The Senate’s Board of Directors ordered the bill to be sent to the Federal
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Kenya introduces new income tax rules for leasing agreements
Kenya's National Treasury has published the Income Tax (Leasing) Rules, 2026, through Legal Notice No. 187 on 12 August 2026, a framework that brings income generated by lessors from both operating and finance leases within the scope of income tax
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India to enforce new GST rules on post-supply discounts from 1 November
India’s tax authority, the Central Board of Indirect Taxes and Customs (CBIC), has set 1 November 2026 as the date on which new amendments to the Central Goods and Services Tax Act, 2017 (CGST Act) will take effect. The date was announced in a
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Kenya enacts amendments to revenue authority governance and funding
Kenya has enacted the Kenya Revenue Authority (Amendment) Bill, 2026 (National Assembly Bills No. 28 of 2026), which was published on 19 May 2026 and underwent its First and Second Readings in May and June 2026. The legislation was passed by the
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New Zealand issues draft guidance on forestry income tax
New Zealand’s Inland Revenue has released an exposure draft (Draft Interpretation Statement IS XX/XX), titled "Income Tax – Forestry", which provides comprehensive guidance on how the Income Tax Act 2007 applies to forestry activities and timber
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UAE: FTA sets e-invoicing deadlines for large businesses
The UAE Federal Tax Authority (FTA), in a release on 25 October 2026, has urged persons subject to e-invoicing requirements to meet the prescribed deadlines, including appointing an accredited service provider by 30 October 2026 and implementing the
See MoreKenya: KRA increases fringe benefit and deemed interest rates to 9%
The Kenya Revenue Authority (KRA) has issued a public notice on 22 October 2026 on the market interest rate for fringe benefit tax purposes and the deemed interest rate for certain non-resident loans for October, November, and December 2026, which
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Kazakhstan: NBK lowers base rate, effective from 26 October
Kazakhstan’s central bank, the National Bank of Kazakhstan (NBK), has reduced its base interest rate from 16.25 %to 15.75% . It announced the decision on 23 October 2026. The base interest rate is used to determine late payment interest on
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German diesel drivers receive only part of temporary fuel-tax cut
Germany’s diesel drivers are receiving only part of the temporary fuel-tax cut introduced by Chancellor Friedrich Merz’s government this month, according to an analysis by the Ifo Institute published on Thursday. The institute found that
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Bangladesh may introduce bill to split NBR into two divisions
Bangladesh’s government may introduce a bill in the next parliamentary session to split the National Board of Revenue (NBR) into two divisions, following the submission of recommendations by a nine-member committee headed by Prime Minister Tarique
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Germany seeks funding for electricity tax cuts
Germany’s federal government said on Friday, 16 October 2026, that it remains committed to cutting electricity taxes to the EU minimum, but only if the resulting budget shortfall is offset. A finance ministry spokesperson said the cut would
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Netherlands updates rules on retroactive effect for non-tax-free business contributions
The Netherlands has issued Decree No. 2026-18520, the Policy Decree Retroactive Effect for Non-Tax-Free Contribution 2026 (Beleidsbesluit terugwerkende kracht bij ruisende inbreng 2026), replacing the previous decree of 2008. It was issued on 14
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US: SSTGB approves voluntary disclosure programme for remote sellers
US Streamlined Sales Tax Governing Board (SSTGB) approved amendments to the Streamlined Sales and Use Tax Agreement (SSUTA) on 14 October 2026, establishing a new voluntary disclosure programme for qualified remote sellers. The SSTGB is a
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UK: HMRC publishes draft default values for carbon border adjustment mechanism
The UK HM Revenue & Customs (HMRC) has published a draft force of law notice setting default values for the UK carbon border adjustment mechanism (CBAM) on 16 October 2026. The default values let liable persons comply with CBAM when actual
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Bulgaria proposes 33% windfall tax in 2027 draft budgetary plan
Bulgaria submitted its Draft Budgetary Plan for 2027 to the European Commission and the Eurogroup on 15 October 2026. Proposed tax measures include a 33% windfall profits tax for companies in certain sectors, personal income tax relief, mandatory
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Canada to table Budget 2026 on 5 November
Canada’s Finance Minister François-Philippe Champagne will table Budget 2026 on 5 November 2026. The Department of Finance Canada announced the date in a media advisory issued on 20 October 2026. This follows the Department of Finance's
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South Africa: SARS raises official interest rate for low-interest loans
The South African Revenue Service (SARS) has updated its Table 3, increasing the official interest rate used to tax interest-free or low-interest loans from 8.00% to 8.25%, effective 1 December 2025, with effect from 1 October 2026. The rate is
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Brazil extends fuel subsidies through new provisional measure
Brazil’s federal government has published Provisional Measure No. 1,395/2026 in the Official Gazette on 9 October 2026, extending fuel subsidy measures introduced earlier this year to contain rising gasoline and diesel prices amid geopolitical
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