Thursday, October 29, 2026
Luxembourg’s amending protocol to the 2006 income and capital tax treaty with San Marino entered into force on 16 September 2026, according to a notice published in the Official Gazette on 23 October 2026. Signed on 14 May 2025, the protocol amends paragraph 2 of Article 25 (Mutual Agreement Procedure) by deleting the sentence “The...
India is expected to extend the duty-free import window for cotton until the end of December, according to government and industry sources. The move could lower costs for textile mills, curb domestic prices and increase imports from the US, Brazil and Australia. India, the world’s largest cotton producer after China, had waived the 11% customs...
The French Senate approved the bill on 27 October 2026, ratifying the protocol signed on 18 February 2026. The protocol is an amendment to the 1992 tax treaty and brings it in line with OECD BEPS standards, alongside several other changes. The bill now goes to the National Assembly, the lower house. New Articles 11...
Austria’s Federal Council approved the income and capital Tax Treaty 2026 on 22 October 2026. The approval follows that of the National Council, the lower house of parliament, which backed the treaty on 14 October 2026. The agreement was signed on 28 May 2026. Once in force and effective, the treaty will generally replace the...
Belgium’s parliament has adopted a draft bill implementing the first stage of the EU’s VAT in the Digital Age (ViDA) package. The proposal implements Articles 2 and 4 of the Directive, which modernises cross-border business-to-consumer (B2C) e-commerce and logistics rules. The VAT in the Digital Age (ViDA) package is a comprehensive European Union legislative reform...
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 Executive. The bill passed in general terms by 75 votes to 34, and in particular...
The Organisation for Economic Co-operation and Development (OECD) and G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) published its Compilation of 2026 Peer Review Reports on Country-by-Country Reporting (CbCR) on 19 October 2026, showing progress across the Caribbean but with clear gaps. The report is the latest annual assessment of how 142 Inclusive...
Malta’s Finance Minister Clyde Caruana presented the 2027 Budget to parliament on 26 October 2026, outlining tax measures aimed at supporting businesses and households while addressing the costs associated with tourism and infrastructure. Corporate tax measures The Budget proposed a new 25% corporate income tax rate for companies with annual turnover not exceeding EUR 1...
Finland has enacted Law 873/2026 of 9 October 2026, which amends and temporarily amends the Income Tax Act. The law takes effect on 13 October 2026, but most of its provisions apply retroactively from 1 January 2026. The amendments cover employee sports and culture benefits, commuting expense deductions and the household tax credit. President Alexander...
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 and withholding tax. Legal basis and scope The rules were promulgated by Cabinet Secretary for...