Thursday, October 29, 2026
The Inland Revenue Board of Malaysia (IRBM) has issued amended technical guidelines dated 29 September 2026 on the tax treatment of gains from the disposal of foreign capital assets received in Malaysia. Prior to 1 January 2024, gains from the disposal of foreign capital assets brought into Malaysia were not subject to tax. To clarify...
Guatemala’s Ministry of Finance has published Decree 22-2026 (Law on Temporary Emergency Tax Exemption for Fuel Consumers), which was published in the Official Gazette on 30 September 2026. Decree Number 22-2026 establishes a short-term exemption from specific petroleum distribution levies and the value-added tax for gasoline and diesel products. To protect citizens, the legislation mandates...
Lithuania’s tax authority (STI) has updated its commentary on Article 18² of the Law on Personal Income Tax on 15 October 2026. The update reflects three laws passed in 2025: Laws No. XV-343, XV-680 and XV-681. From the 2026 tax year, the commentary sets out how personal income tax (GPM) applies to income from individual...
The OECD published its Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors, prepared for their meeting under the United States presidency on 15 October 2026. The report updates the OECD’s tax work from April 2026, focusing on how corporate income tax policies can promote business dynamism and economic growth. It examines the...
Hong Kong’s government has published the Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 on 16 October 2026, relaxing tax deduction arrangements for capital expenditure that businesses incur on buying intellectual property (IP) rights or on licences to use them. The Commerce and Economic Development Bureau says the Bill puts into effect...
The Swedish government’s legislative proposal (Proposition 2026/27:4), submitted to the Swedish Parliament (Riksdag) on 13 October 2026, incorporates the OECD/G20 Inclusive Framework’s Pillar Two administrative guidance issued between June 2024 and May 2026 into domestic law. Implementation of OECD administrative guidance The bill updates the Swedish Supplementary Tax Act (lagen om tilläggsskatt) to align with...
Romania’s Ministry of Finance announced on 15 October 2026 that it has extended the temporary 25% reduction in excise duty on standard diesel for 16-31 October 2026. This continues support measures introduced under Law no. 162/2026, which established a dynamic reassessment mechanism reviewed every two weeks. The reduction equals RON 701.07 per 1,000 litres or...
Australia’s government introduced the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 to Parliament on 14 October 2026, proposing further amendments to the capital gains tax (CGT) reforms, clarifying their application to investment trusts, retirement savings funds and foreign residents. Building on earlier 2026 enactments, this legislative tranche refines Capital Gains Tax (CGT) rules,...
The US Customs and Border Protection agency announced on 14 October 2026 that it would postpone new requirements for international mail shipments. The compliance date shifted from 22 October 2026 to 20 January 2027, giving importers, brokers, and logistics companies 90 additional days to adjust their systems. The rule targets shipments valued under USD 800,...
The European Commission issued a joint statement following the second EU-China Trade and Investment Consultations, which aim to stabilise bilateral trade and promote a more balanced economic relationship. The statement was published on 9 October 2026. This follows after officials from the European Commission and China’s commerce ministry meeting in Beijing on 8 October 2026...