Saturday, September 19, 2026
The Netherlands has issued Decree No. 2026-2613 of 4 September 2026, which replaces the previous Decree No. 2024-5944 of 7 May 2024 concerning income from savings, debts, and investments under Box 3. The updated decree incorporates the counter-evidence scheme introduced in July 2025, under which taxpayers may provide evidence concerning their actual returns for Box...
The United Chambers of Belgium’s Court of Cassation has reversed earlier decisions from the Brussels Court of Appeal, clearing the way for Belgium to tax foreign investment institutions, according to an update published by Belgium’s government on 7 September 2026. The ruling concerned four separate appeals over the Annual Tax on Collective Investment Institutions, commonly...
Italy’s Minister of Economy and Finance, in agreement with the Minister of Environment and Energy Security, reduced excise duty on diesel fuel from 6 September 2026 to 10 September 2026. The extension was granted through a Decree of the Ministry of Economy and Finance dated 4 September 2026, published in Official Gazette No. 205 on...
The European Commission announced that it adopted implementing regulations specifying the evidence importers must submit to verify the country where steel was melted and poured on 31 August 2026. The directive addresses requirements established under the EU Steel Regulation and received unanimous support from Member States on 19 August 2026. Rationale and stakeholder input The...
Guatemala’s Ministry of Finance has published Decree 18-2026 in the Official Gazette on 28 August 2026. The decree amends the Law of the Single Tax on Real Estate (Impuesto Único Sobre Inmuebles – IUSI) and related tax legislation. The primary objective of these changes is to ensure tax equity by adjusting payment scales based on...
Australia’s Treasury released an exposure draft legislation, on 3 September 2026, proposing a legislative framework for the Income Tax Rates Amendment Bill 2026, which introduces a 30% minimum tax on the income of discretionary trusts starting in July 2028. Originally announced in the 2026–27 Budget, the reform aims to align the taxation of trust distributions...
The Kenya Revenue Authority has issued a directive on 7 September 2026 requiring all taxpayers operating businesses to maintain current and precise stock documentation through the TIMS/eTIMS platform, in compliance with existing legislation. The requirement applies to all movements of goods, including purchases, sales, transfers, returns, and adjustments made during normal business operations. Proper stock...
The UK government has published draft legislation proposing to make the foreign permanent establishment (PE) exemption compulsory for UK-resident companies from 1 January 2027. The draft legislation, published on 13 July 2026, would amend Part 2 of the Corporation Tax Act 2009 (CTA 2009), including Chapter 3A, which covers profits of foreign permanent establishments. The...
Iceland’s Ministry of Finance presented the 2027 Budget proposal on 7 September 2026, proposing higher taxes and fees, reduced tax incentives, and adjustments to existing charges to raise government revenue. The proposed tax and revenue measures represent a deliberate strategy to shift Iceland’s public finances from a deficit of ISK 28.1 billion in 2026 to...
Canada has enacted retaliatory tariffs today, 8 September 2026, just after midnight, covering nearly USD 28 billion in US goods. Prime Minister Mark Carney authorised the measures after negotiations between Ottawa and Washington stalled in the preceding month. The counter-tariffs impose duties ranging from 15% to 50% across products including steel, furniture, clothing, and electronics—a...