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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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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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 MoreUS considers fuel tax relief as diesel prices reach record highs
The Trump administration is evaluating regulatory changes to lower fuel prices as diesel climbs to historic levels. The federal government is considering broader use of red-dyed diesel, which would allow more buyers to bypass the federal fuel tax on
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Thailand proposes pay-first, refund-later excise tax rules for tobacco exports
Thailand’s Excise Department has announced a public hearing for a new regulation that changes how export taxes work for tobacco products. Under the current system, companies get immediate tax exemptions for goods destined for foreign markets.
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Lithuania: MoF proposes simplified investment account rules
Lithuania’s Ministry of Finance (MoF) had prepared draft amendments on 29 September 2026 to Article 12¹ of the Republic of Lithuania Law on Personal Income Tax (GPMĮ No. IX-1007) that would broaden and simplify the Investment Account
See MoreThailand considers gold tax to track hidden capital flows
Thailand’s Ministry of Finance and Bank of Thailand are studying a tax on gold imports and domestic gold sales. The goal is not to generate government revenue, but to create better record-keeping that helps authorities identify suspicious
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Philippines: BIR issues rules for mandatory electronic invoicing
The Philippines' tax authority, the Bureau of Internal Revenue (BIR), has announced the issuance of Revenue Memorandum Circular No. 098-2026 on 22 September 2026, establishing the official framework for the issuance of electronic invoices in the
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Austria extends fuel price relief through November 2026
The Austrian government confirmed, on 23 September 2026, that it will extend and expand its fuel price cap beyond its September expiration. The coalition of ÖVP, SPÖ, and NEOS parties agreed to reactivate the measure at a significantly larger
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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 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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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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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
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US: 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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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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