Friday, October 09, 2026
The Ukrainian Parliament is considering the draft Law on the State Budget for 2027, which was submitted on 15 September 2026. The draft sets a deficit limit of UAH 1.67 trillion and includes provisions for a fund to insure Ukrainian businesses against war risks, to be financed by an increase in value added tax (VAT)....
The Inland Revenue Authority of Singapore (IRAS) updated its Transfer Pricing guidance page on 25 September 2026 with additional guidance on transfer pricing adjustments relating to share-based compensation. The update sets out a revised treatment for applying the arm’s length principle to share-based compensation. It takes effect from the Year of Assessment (YA) 2026. Under...
Austrian and Libyan officials met to discuss bilateral relations, with both sides voicing hope that the new income tax treaty currently being negotiated will be finalised soon, according to a post by the Austrian Embassy in Libya on X. Austrian Ambassador Barbara Grosse held friendly consultations at the Libyan foreign ministry with Europe Director Abubakr...
Japan and Mongolia agreed to promptly commence negotiations for an income tax treaty when their prime ministers met on 29 September 2026, according to a release from Japan’s Ministry of Foreign Affairs. The two sides also agreed to hold preliminary consultations on a social security agreement in the future. The agreement came during a summit...
Germany’s parliament, comprising the Bundestag and the Bundesrat, on Friday, 25 September 2026, approved a law temporarily reducing fuel taxes on petrol and diesel. The federal government said the measure takes effect on 1 October and remains in force until the end of 2026. The Bundestag is the lower house, while the Bundesrat represents the...
Greece’s Independent Authority for Public Revenue (AADE) had issued Decision A. 1192/2026 on 22 September, 2026, setting out procedures and requirements for foreign pensioners transferring their tax residency to Greece under Article 5B of Law 4172/2013 (Income Tax Code). Published in FEK B’ 5767/24.9.2026, the decision replaced Joint Ministerial Decision A. 1217/2020 and established the...
Austria’s Federal Council had approved an amendment to the Mineral Oil Tax Act on 29 September 2026, extending the temporary reduction of the mineral oil tax on petrol and diesel through 30 November 2026. The measure allowed Finance Minister Markus Marterbauer to reduce the mineral oil tax by up to EUR 0.067 per litre during...
Lebanon’s Finance Minister had issued a decision detailing the procedures for implementing inheritance tax provisions introduced under Article 45 of the 2026 General Budget Law. The decision had established practical mechanisms for applying the exemptions and amendments provided under the law, including the recalculation of transfer fees in line with the revised provisions. Inheritance tax...
Egypt’s Ministry of Finance (MoF) had published the 2026/2027 Citizen Budget on 19 September, outlining measures covering income tax, VAT, real estate tax, tax administration and customs. The package had focused on supporting healthcare, investment and business activity while encouraging tax compliance and simplifying administrative procedures. Income tax and investment incentives The Citizen Budget had...
The OECD’s 2026 report, “Advancing the Implementation of the EU Carbon Border Adjustment Mechanism: Lessons from Romania” on 30 September 2026, provided practical guidance for National Competent Authorities (NCAs), Customs Authorities and other government agencies as the European Union’s Carbon Border Adjustment Mechanism (CBAM) moved into its full operational phase. CBAM forms part of the...