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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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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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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Germany clarifies mandatory B2B e-invoicing rules
Germany’s Federal Ministry of Finance (BMF) issued a supplementary letter on mandatory domestic business-to-business (B2B) e-invoicing on 15 October 2026. The letter amends the VAT Implementation Decree (Umsatzsteuer-Anwendungserlass, UStAE) and
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Australia: ATO extends GIC remission offer for family trust tax liabilities
The Australian Taxation Office (ATO) announced on 19 October 2026 that it has extended its offer to remit general interest charge (GIC) on family trust distribution tax (FTDT) liabilities. The offer now runs until 30 June 2027, six months longer
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Guatemala: SAT introduces temporary fuel tax exemptions
Guatemala’s Ministry of Finance has published Decree 22-2026 (Law on Temporary Emergency Tax Exemption for Fuel Consumers), which was published in the Official Gazette on 30 September 2026. Decree Number 22-2026 establishes a short-term
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Taiwan allows tax-free release and import of electric vehicles under new procedure
Taiwan’s Ministry of Finance (MoF) amended Articles 54-1, 54-2 and 59-1 of the Regulations Governing the Collection of Commodity Tax on 18 August 2026. According to the Southern Region National Taxation Bureau, Ministry of Finance, the amendments
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Czech Republic: Lower House advances windfall tax on refinery profits
The Czech lower house of parliament backed a proposed windfall tax, on 14 October 2026, on the country's refinery sector. Lawmakers approved the measure in its first of three readings. The legislation will now move to a parliamentary committee
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UAE: MoF updates e-invoicing accreditation rules for service providers
The UAE Ministry of Finance announced that it released Ministerial Decision No. 168 of 2026 on 9 October 2026, establishing new requirements for companies that provide electronic invoicing services in the UAE. The decision replaces Ministerial
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Brazil extends simplified national tax regularisation deadline to 15 October
Brazil’s tax authority, the Federal Revenue Service (RFB) announced on 13 October 2026 that it has set 15 October 2026 as the final deadline for businesses to apply for the Simplified National Tax System (Simples Nacional). Applications
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EU considering new windfall tax on energy companies as profits surge
The European Commission is investigating a continent-wide windfall profit tax on oil and gas firms. The move comes as governments across the bloc face pressure to help households struggling with soaring energy bills. Energy prices have climbed
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Greece: Ministry of National Economy and Finance consults new crypto tax framework
Greece’s Ministry of National Economy and Finance opened a public consultation on 7 October 2026 on a draft bill that would establish a dedicated tax framework for crypto assets, including a 10% tax on capital gains made by individuals, ahead of
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Brazil extends fuel relief to lower consumer costs
Brazil’s government announced on 9 October 2026 that it is extending fuel-price relief measures for another month. President Luiz Inácio Lula da Silva's administration rolled out the package to reduce cost-of-living pressure as voters prepare for
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Norway mandates phased rollout of electronic invoicing, digital bookkeeping for businesses
The Norwegian Tax Directorate announced the issuance of Regulations on amendments to the Accounting Regulations on 29 September 2026 that transform how businesses handle invoicing and accounting records. The changes stem from Act No. 39 on
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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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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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