Friday, October 09, 2026
Lithuania’s Ministry of Finance (MoF) had prepared draft amendments on 29 September 2026 to Article 12¹ of the Republic of Lithuania Law on Personal Income Tax (GPMĮ No. IX-1007) that would broaden and simplify the Investment Account (investicinė sąskaita) tax regime from 1 January 2027. Taxable income calculation The draft would determine taxable income based...
Sri Lanka’s Inland Revenue Department has issued a notice to taxpayers on the methods for paying taxes. It says interest and penalties will be imposed on non-payment or late payment, and that interest will not be waived or reduced. According to the notice, all tax payments can be made through the Online Tax Payment Platform....
A Staten Island court judge has directed New York City to send corrected notices to property owners in the secondary home tax case. The ruling came from Justice Wayne Ozzi of Richmond County’s state Supreme Court on 29 September 2026. The judge found that the city’s finance department caused confusion by releasing a supplemental list...
Canada’s Parliamentary Budget Office (PBO) released its fiscal analysis of Motion M-24 on 24 September 2026, estimating the proposed personal income tax bracket changes will generate CAD 4.5 billion in net federal revenues over five years after accounting for taxpayer behaviour shifts. Motion M-24, introduced by Member of Parliament Don Davies, calls for three new...
Colombia’s Ministry of Finance and Public Credit and the President issued Decreto No. 1413 of 17 September 2026, introducing temporary tax incentives to encourage private investment in areas affected by the August 10 earthquake. The measures apply to designated municipalities across 16 departments and aim to support reconstruction, restore productive capacity and essential services, and...
Hong Kong’s government proposed to introduce changes to stamp duty rules for intra-group asset transfers as proposed in the 2026-27 budget. The Stamp Duty (Amendment) (No. 3) Bill 2026 will be gazetted on 2 October, with first reading and second reading debate scheduled for 14 October 2026 in the Legislative Council. Lowered ownership threshold opens...
The Netherlands State Secretary for Finance issued Policy Decree No. 2026-15692 on the Minimum Tax Act 2024 (Wet Minimumbelasting 2024) on 22 September 2026, which was published in Official Gazette No. 32160 on 25 September 2026, providing extensive legal and practical guidance on the Minimum Tax Act 2024 (Wet minimumbelasting 2024 / WMB 2024). The...
Saudi Arabia’s tax authority, the Zakat, Tax and Customs Authority (ZATCA) has released two press releases reminding businesses in Saudi Arabia of the 30 September 2026 filing deadline. One covers VAT returns for August 2026. The other covers excise tax returns for July and August 2026. ZATCA urges establishments to submit VAT returns for August...
The UAE’s Federal Tax Authority (FTA) has reminded all taxable persons subject to corporate tax, whose taxable period ended on 31 December 2025, that they must file their tax returns and make payments by today, 30 September 2026. Registration, tax return filing and payment can be completed at any time of the day through the...
Uzbekistan’s President has signed Resolution No. PP-325 on 12 September 2026, introducing tax and financial incentives to attract major investors and support domestic manufacturers of electrical engineering products. Resolution No. PP-325 establishes a comprehensive tax, financial, and institutional framework designed to elevate the national electrical engineering sector into a modern, high-value industrial ecosystem. The main...