Ukraine: Parliament passes 2027 budget draft at first reading
Ukraine's parliament has adopted the draft State Budget for 2027 (Draft Law No.16000) at first reading on 28 October 2026. The proposed budget includes an increase in the standard VAT rate to fund war-risk insurance for businesses, alongside
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Colombia proposes corporate tax cuts, VAT reforms, and higher excise duties in economic rescue bill
Colombia’s Chamber of Representatives (lower house of parliament) announced on 29 October 2026 that it is considering the Economic Rescue Law Bill of 2026, submitted by the Ministry of Finance. The bill aims to address Colombia’s persistent
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Namibia announces FY2026/27 mid-year budget review, outlines VAT reforms and tax amnesty
Namibia’s Ministry of Finance released the FY2026/27 Mid-Year Budget Review Statement on 22 October 2026, detailing key tax policy adjustments, administrative reforms, and sectoral tax relief measures. The Budget will proceed through the
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Ghana: GRA introduces real-time VAT collection on cross-border digital services
The Ghana Revenue Authority (GRA) announced on 14 October 2026 a new method for collecting value added tax (VAT) and related levies on certain digital services. The method took effect on 15 October 2026. Commercial banks and other designated payment
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Kenya extends reduced VAT rate on petroleum products to January 2027
Kenya has extended the temporary VAT reduction on specified petroleum products from 16% to 8% for a further 90 days, until 12 January 2027, under the Tax Laws (Amendment) Act 2026, signed by President William Ruto on 16 October 2026. The
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Bahrain: NBR issues updated excise guide covering tax rates, refunds, digital stamps
Bahrain’s National Bureau for Revenue (NBR) has published Version 1.2 of the Kingdom of Bahrain Excise Guide on 6 October 2026, outlining how excise tax operates in the country, from registration of goods to refunds and anti-evasion
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Switzerland to vote on VAT increase to fund 13th pension
Switzerland's Federal Council on 5 October 2026 recommended that voters approve a 0.4% rise in value added tax (VAT) to help fund the 13th pension under the Old-Age and Survivors' Insurance (AVS). The proposal goes to a national vote on 29 November
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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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Cyprus extends zero VAT rate on essential goods through 2027
The Cyprus Taxation Department has confirmed on 19 October 2026 that the zero rate of value added tax (VAT) will continue for a set of basic goods throughout 2027. The extension follows a Decree of the Council of Ministers dated 16 October 2026
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Ireland: Revenue publishes new guidance on VAT treatment of end-of-lease transactions
Irish Revenue has issued eBrief No. 144/26 on 7 October 2026, introducing a new Tax and Duty Manual (TDM) on the VAT treatment of end-of-lease transactions. It applies where the lessor is a financial institution that buys an asset (movable goods)
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Ireland updates VAT rules for food and drink supplies, including 9% rate on hot meals
The Irish Revenue has issued Revenue eBrief No. 143/26 on 7 October 2026, updating its Tax and Duty Manual on the VAT treatment of food and drink supplied by wholesalers and retailers. The update reflects the application of the second reduced VAT
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Spain extends energy tax cuts through December 2026
Spain's government has approved Royal Decree-Law 25/2026 (Real Decreto-ley 25/2026) of 29 September 2026, extending emergency measures first adopted under Royal Decree-Law 7/2026 of 20 March 2026 and Royal Decree-Law 18/2026 of 29 June 2026. The
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Ireland introduces Pillar Two amendments, business incentives in Budget 2027
Ireland’s Department of Finance published Budget 2027 on 6 October 2026. The key tax measures are as follows: Corporation tax administration Budget 2027 introduces changes to preliminary corporation tax rules to provide greater
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Uruguay: MoF extends reduced VAT rate for tourism services
Uruguay’s Ministry of Finance ( MoF) has announced that the Executive Branch extended a nine-percentage-point reduction in the VAT rate for certain tourism-related services until 30 April 2027 under Decree No. 235/026, signed by President Yamandú
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Cyprus: Government approves VAT cuts, inflation relief measures
The Cyprus Council of Ministers and the Ministry of Finance announced a series of economic measures on 30 September 2026, designed to address rising prices across essential goods and services. Tax reductions on food and energy Cyprus will
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Ukraine proposes reduced VAT rates for essential goods
Ukraine's parliament is considering Draft Law No. 16069 of 14 September 2026, which proposes amendments to the Tax Code of Ukraine to reduce VAT rates on food products, medicines, children's items and other socially significant goods, and to lower
See MoreCyprus tax authorities introduce zero VAT rate on essential goods through October 2027
The Cyprus Taxation Department, in a release on 2 October 2026, announced a temporary reduction in value-added tax on basic food items and staples, effective from different dates through 31 May 2027. The decision follows Decree K.D.P. 354/2026,
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Poland extends fuel price relief through year-end
Poland's Ministry of Finance and Economy has introduced another round of tax cuts on motor fuels on 2 October 2026. The latest tax round goes into effect on 3 October 2026. The reductions apply until 31 December 2026. The Value Added Tax
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