Thursday, October 29, 2026
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has urged businesses subject to VAT to submit VAT returns for September and Q3 2026 by 31 October 2026. The deadline applies to September returns for establishments whose annual supplies of goods and services exceed SAR 40 million and third-quarter returns for those whose annual supplies do...
UAE’s Federal Tax Authority (FTA) launched, on 20 October 2026, an integrated digital platform powered by artificial intelligence (AI) for Value Added Tax (VAT) refunds to tourists, which it describes as the first of its kind worldwide. The launch forms part of the authority’s strategy to expand the use of AI and advance its Digital...
Bulgaria’s government has promulgated the Law amending the Tax and Social Security Procedure Code (TSSPC), published in State Gazette No. 85 on 15 September 2026 under Decree No. 302. The Law transposes Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU) 2025/872 (DAC9) and revises the transfer pricing provisions. In general, its measures apply retroactively...
Lithuania’s government submitted the draft 2027 state budget to the Seimas on 16 October 2026, prioritising national defence, income growth and social protection while aiming to maintain sustainable public finances. The draft budget, designated No. XVP-1980, projected total state budget revenue of EUR 22.2 billion, an increase of EUR 1 billion, or 5.2%, compared with...
The US Internal Revenue Service (IRS) has extended tax filing and payment deadlines for individuals and businesses affected by natural disasters in Alabama, Florida, Guam, New Mexico, Wisconsin, Ohio, Nebraska, and West Virginia. The relief covers hurricanes, severe storms, flooding, tornadoes, and other disasters, with postponed deadlines ranging from 7 January to 8 February, 2027....
The OECD published an updated user guide and XML schema for the Pillar Two GloBE Information Return (GIR) on 20 October 2026. Version 2.0 reflects recent changes to the GIR made after the adoption of the Side-by-Side Package. It also includes technical upgrades to support future information exchanges. This documentation provides technical standards and instructions...
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 VAT registration for taxable persons in the real estate sector, and excise duty amendments. The measures require...
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 conclusion of its pre-budget consultations on 9 September 2026, gathering input from workers, businesses, Indigenous leaders, and citizens to...
Hong Kong’s Inland Revenue Department (IRD) has extended the filing deadlines for 2025/26 Profits Tax returns with Accounting Date Code ‘M’, providing businesses and tax representatives with additional time to meet their tax compliance obligations. In a circular letter issued on 20 October 2026, the IRD announced that the deadline for filing paper returns would...
France’s Tax authority, the Directorate General of Public Finance (DGFiP), published updated guidance on 14 October 2026 on the international agent regime for value added tax (VAT), following a public consultation held earlier this year. Under Article 289 A bis of the French General Tax Code (CGI) and Article 95 ter of Annex III to...