Saturday, August 08, 2026
The Swedish parliament (Riksdag) has adopted a draft bill proposing a temporary reduction in tax on petrol and diesel, aimed at offsetting rising fuel prices linked to the ongoing conflict in the Middle East. The measure forms part of an additional amending budget approved by the Riksdag. The proposal also includes the introduction of temporary...
Brazil’s government has introduced legislation proposing to use windfall revenue from elevated oil prices to finance temporary cuts in federal fuel taxes, as geopolitical tensions in the Middle East drive energy costs higher. Planning Minister Bruno Moretti outlined the bill on Thursday, 23 April 2026, emphasising that the initiative is designed to maintain complete fiscal...
The German Federal Government has announced plans to modernise tax advice and reduce bureaucracy through the Ninth Act Amending the Tax Advisory Act, aimed at expanding advisory services for citizens while simplifying regulatory requirements. The reform was outlined on Friday, 24 April 2026. The draft law includes four key changes: First, the powers of wage...
New Zealand’s Inland Revenue (IR) initiated a consultation on 24 April 2026 on a proposed Approved Information Sharing Agreement (AISA) with the New Zealand Customs Service aimed at reducing Working for Families tax credit overpayments when recipients leave New Zealand and become ineligible. The proposal will enable Customs to automatically share border movement information with...
France’s Ministry of Action and Public Accounts has adopted a new Customs Code through Ordinance No. 2026-265 of 8 April 2026, following a comprehensive recodification of customs legislation. The regulatory part of the Code has also been published by Decree No. 2026-266. This announcement was made on 11 April 2026. The reform replaces the previous...
South African Revenue Service (SARS) announced, on 22 April 2026, a simplified compliance framework for partnerships through the introduction of a new Beneficial Owner Register IT3(BO), aimed at streamlining beneficial ownership reporting obligations under tax administration rules. During the 2024 Filing Season, SARS issued a notice implementing a requirement for taxpayers in a partnership to...
Irish Revenue has published eBrief No. 085/26 on 23 April 2026, updating the Tax and Duty Manual (TDM) Part 29-02-03 to reflect changes to the Research and Development (R&D) Corporation Tax Credit introduced by Finance Act 2025. The changes are reflected throughout the manual, with new examples included, where appropriate. Key changes include: increase in...
The Australian Treasury has initiated a public consultation on 20 April 2026 on proposals to introduce an instant standard deduction of up to AUD 1,000 for Australian tax residents earning employment income, with implementation targeted for 1 July 2026. This reform delivers the government’s election commitment to simplify the tax system and provide cost-of-living relief....
Lebanon’s Ministry of Finance has published the Citizen Budget 2026 on 14 April 2026, presenting a simplified overview of the Budget Law for 2026. The budget law was approved by Parliament in late January 2026 and enacted on 10 February 2026. It introduces revised fiscal estimates alongside a broad package of tax, fee, and administrative...
Brazil plans to regulate its critical minerals sector without offering new tax breaks, Finance Minister Dario Durigan announced on Friday, 24 April 2026, emphasising the country’s focus on national sovereignty and domestic value addition. Durigan told Reuters that critical minerals will be a key focus in the upcoming May or June auction under the Eco...