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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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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Ukraine: NBU raises key rate amid inflationary pressures
Ukraine’s National Bank of Ukraine (NBU) raised the key policy rate by 0.5 percentage points to 16.0% per annum, with the new rate taking effect from 18 September 2026. The key policy rate is applied to calculate interest and penalties on late
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Indonesia vows faster tax refunds amid sharp decline in disbursements
Indonesia's newly appointed finance minister, Suahasil Nazara, pledged on 18 September 2026 to accelerate tax refund disbursements for eligible taxpayers. Speaking at the monthly State Budget press conference in Jakarta, Nazara confirmed that
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US: IRS reinforces security alert for tax professionals against rising identity theft risks
The US Internal Revenue Service (IRS) and the Security Summit have issued a final warning to tax professionals as part of their five-week awareness campaign on protecting client information on 16 September 2026. The reminder concludes the fifth
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Qatar launches unified gateway for economic zone companies
Qatar opened The Companies House on 17 September 2026 as a single registration and licensing hub for all businesses operating within the country's four special economic zones. The platform consolidates operations previously scattered across separate
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North Macedonia proposes centralised e-invoicing system from 2027
North Macedonia has published a draft law proposing a centralised e-Faktura electronic invoicing system administered by the Public Revenue Office. The system would manage the issuance, validation, receipt, acceptance, rejection, correction,
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Serbia introduces one-year business ban for fraudulent e-receipts
Serbia's parliament amended the Law on Fiscalisation, introducing strict penalties for taxpayers who issue fraudulent or invalid electronic receipts. The change was published in Official Gazette No. 80/2026 on 8 September 2026. The Tax
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Bulgaria proposes accelerated tax depreciation to support business investment
Bulgaria's National Assembly (parliament) is considering a Draft Law on Amendments and Supplements to the Corporate Income Taxation Act, which is meant to stimulate economic growth and industrial production by encouraging businesses to reinvest
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