Thursday, October 29, 2026
Cyprus has presented its 2027 state budget and Medium-Term Fiscal Framework for 2027–2029 to the Parliamentary Committee on Finance and Budget on 12 October 2026. Finance Minister Makis Keravnos presented the budget, which was approved by the Council of Ministers on 16 September and submitted to the Parliament President on 24 September 2026. Parliamentary scrutiny...
The Australian government released draft legislation on 15 October 2026 to implement the OECD Crypto-Asset Reporting Framework (CARF), introducing domestic crypto-asset reporting and expanding Australia’s Common Reporting Standard (CRS). The proposed Treasury Laws Amendment Bill 2026 aims to strengthen tax transparency and combat offshore tax evasion by requiring virtual asset service providers to report transaction...
Myanmar’s parliament approved the tax treaty with Cambodia on 14 October 2026. The treaty, signed on 11 September 2026, aims to avoid double taxation on income and prevent tax evasion and avoidance. It was signed alongside an agreement on the reciprocal promotion and protection of investments. The treaty will enter into force following the exchange...
Austria’s National Council approved the income and capital tax treaty with Andorra on 14 October 2026. Signed on 28 May 2026, the treaty covers taxes on income and capital imposed by Andorra and Austria, including corporate and personal income taxes, non-resident income tax, land tax and taxes on agricultural and forestry enterprises. It also applies...
Irish Revenue published eBrief No. 152/26 on 16 October 2026, announcing an update to its Tax and Duty Manual on the VAT treatment of the hiring or leasing of means of transport. The revision added a new paragraph 7 addressing the VAT treatment of goods and services supplied with transport hire. The manual explains the...
Taiwan has removed the minimum tax amount required to apply for payment by instalments under its Estate and Gift Tax Act, the Southern Area National Taxation Bureau of the Ministry of Finance said. The amendment to Article 30, Paragraph 2 of the Act was promulgated on 11 September 2026. Under the amended provision, taxpayers who...
Lithuania’s tax authority, the State Tax Inspectorate (STI), which operates under the Ministry of Finance, has issued guidance on the excise duty rates that apply from 1 January 2027. The guidance was published on 16 October 2026 and signed by Rasa Virvilienė, director of the inspectorate’s Legal Department. The changes complete the three-year plan legislated...
Taiwan’s National Taxation Bureau of the Central Area, under the Ministry of Finance, said the penalty-exemption period for content creators ended on 30 June 2026. The period applied to the guidance on taxation registration and the filing and payment of business tax for individuals who regularly publish creative or informational content online. The Bureau urged...
Germany’s Federal Cabinet approved a legislative proposal on 14 October 2026 to introduce a sugar-sweetened beverage tax, with the government aiming to reduce excessive sugar consumption, protect public health and stabilise statutory health insurance contributions. The proposal, prepared for the governing parliamentary groups in the German Bundestag, followed a commitment by the coalition government. It...
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance (MOF), has reminded profit-seeking enterprises to include overseas income from offshore financial investments in their taxable income. Under Paragraph 2, Article 3 of the Income Tax Act, such income must be combined with domestic income when calculating profit-seeking enterprise income tax. The Bureau...