Friday, October 09, 2026
The US has exempted specified medicines and Active Pharmaceutical Ingredients (APIs) from import tariffs for 20 countries and regions, including Bangladesh and India. The exemption covers rare disease medicines, fertility drugs, advanced cell and gene therapies, antibody-drug conjugates (ADCs) and veterinary medicines, along with their APIs. The US Department of Commerce published the eligible countries...
The Trump administration is evaluating regulatory changes to lower fuel prices as diesel climbs to historic levels. The federal government is considering broader use of red-dyed diesel, which would allow more buyers to bypass the federal fuel tax on that fuel type. Currently, highway diesel carries a 24.4-cent-per-gallon tax, while dyed diesel faces only a...
The amending protocol to the 1979 income and capital tax treaty between Argentina and France comes into force on 22 October 2026. Argentina and France signed the protocol on 6 December 2019 as the second amendment to the original treaty. The new rules take effect from 1 January 2027 and reshape how both countries treat...
Germany’s Federal Ministry of Finance (BMF) has announced plans to introduce a mandatory B2B digital reporting system from 1 July 2030. The legislative process is expected to start in 2027, followed by a voluntary pilot from early 2029. State Secretary Michael Schrodi announced the timeline at an event organised by the German electronic invoice association...
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 28 September 2026 that it unveiled proposed regulations that allow sellers of qualifying farmland to spread their tax payments across four years instead of paying the full amount upfront. Section 1062 of the Internal Revenue Code authorises this election for sales or...
Denmark had published Executive Order no. 811 on 22 September 2026, setting revised requirements for standard digital bookkeeping systems. Some measures originally planned for 1 January 2027 will now apply from 1 March 2027. From 1 March 2027, systems must inform end-customers not already registered for e-invoicing that they will be registered unless they opt...
Latvia’s State Revenue Service (SRS) updated its corporate income tax guidance page on 18 September 2026 with new Guidelines on completing controlled transaction reports. The guidelines detail the mandatory requirements, specific filing deadlines, Q&As, examples for corporate taxpayers, and criteria for identifying related-party transactions, including exemptions for thresholds under EUR 90,000. Furthermore, the document offers...
The Dominican Republic had opened a public consultation on a draft Regulation governing the Simplified Taxation Regime (RST), with the consultation beginning on 21 September 2026. The proposed regulation would update the regime for small taxpayers and incorporate amendments introduced to the Tax Code by Law No. 30-26. Scope of the RST The draft would...
Thailand’s Excise Department has announced a public hearing for a new regulation that changes how export taxes work for tobacco products. Under the current system, companies get immediate tax exemptions for goods destined for foreign markets. The new rule replaces this with a stricter model: exporters pay the excise tax upfront, then receive refunds once...
The Polish Council of Ministers adopted a comprehensive tax reform package on 29 September 2026, designed to ease the tax burden on roughly 3.5 million middle-income earners while increasing contributions from high earners and large corporations. The changes take effect on 1 January 2027. New tax brackets reshape personal income Poland’s personal income tax system...