Saturday, July 18, 2026
Vietnam’s government has issued a Resolution No. 34/2026/NQ-CP dated 30 June 2026, which outlines the extension of tax incentives for specific energy products. The resolution mandates a continued period of reduced import duties, environmental protection taxes, and value-added taxes on commodities such as gasoline, oil, and aviation fuels. These financial measures are scheduled to remain in...
Colombia is preparing for a potential tax reform driven by rising fiscal pressures and a growing deficit. While the incoming administration has proposed tax cuts, experts argue that broader structural changes will be needed to increase revenue and improve tax collection without undermining economic stability. Specialists from Javeriana University’s Fiscal Observatory and the Autonomous Committee...
The South African Revenue Service (SARS) has launched the 2026 tax filing season, introducing new enhancements aimed at simplifying the filing process and broadening the scope of its auto-assessment programme. SARS stated that these improvements are part of its broader strategy to build a smart, modern tax administration that makes compliance easier for taxpayers. Manual...
India’s Finance Ministry recalibrated its windfall gains tax on fuel exports through a revised notification on 1 July 2026, signalling a shift in its fiscal approach to petroleum product shipments. The adjustments, which took effect on 1 July 2026, reflect the government’s ongoing efforts to calibrate export incentives against domestic supply concerns. Petrol levy climbs,...
Nigeria’s federal government has unveiled sweeping tariff restructuring and environmental tax measures set to commence on 1 July 2026, according to the 2026 Fiscal Policy Measures (FPM) circular issued by Minister of Finance Wale Edun. The reforms span 127 tariff lines and introduce a green excise regime alongside significant import duty reductions across multiple sectors....
Greece’s tax authority (AADE) published two administrative guidance documents for taxpayers subject to Pillar Two global minimum tax requirements under Bill 5100/2024. Decision A.1131/2026 establishes the complete filing and information exchange framework for the Top-Up Tax Information Return (GIR), whilst an accompanying Q&A document provides clarification on specific technical and procedural questions arising from GIR...
Belarus has introduced new tax incentives to promote the robotisation of its economy under Edict No. 198 of 17 June 2026. Legal entities implementing robotics are eligible for the following tax incentives: Key tax incentives Depreciation: Companies can apply a 150% depreciation rate for profit tax calculations on robotics acquired on or after 1 January...
Japan’s Ministry of Foreign Affairs has announced that the new income tax treaty with Kyrgyzstan will enter into force on 26 July 2026. Signed on 19 December 2025, the treaty replaces the 1986 tax treaty between Japan and the former Soviet Union in its application to Japan and Kyrgyzstan. The treaty applies to Kyrgyz tax...
The Austrian Council of Ministers, at its meeting on 1 July 2026, gave approval for the signing of the sixth protocol amending the 1974 income and capital tax treaty with Switzerland. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. It approved proposals covering foreign affairs, including an amending protocol...
The Government of Kazakhstan has adopted Government Decree No. 542, signed on 24 June 2026, introducing amendments to two existing regulations governing Value Added Tax (VAT) treatment for medical services, medicines and pharmaceutical products. The decree updates Government Decrees No. 1203 and No. 1204 of 2025, expanding VAT exemptions, revising the list of goods eligible...