Friday, October 09, 2026
India’s Central Board of Direct Taxes (CBDT) has extended the due date for furnishing Return of Income for Assessment Year 2026-27 from 31 October 2026 to 21 November 2026 for persons covered under S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961. The extension...
Bulgaria’s Ministry of Finance opened a public consultation on 23 September 2026 on a draft law on Amendments and Supplements to the Corporate Income Tax Act (ZID ZKPO), proposing changes covering the conversion of tax thresholds and penalties into euros, an extension of the tax loss carryforward period, a temporary excess profits tax and Pillar...
France’s tax authority has updated its guidance on the mandatory reporting of cross-border tax arrangements under the DAC6 rules, clarifying the limitation of the notification obligation for intermediaries acting as lawyers subject to professional secrecy. The update, published on 23 September 2026, followed changes introduced by Article 54, I-A-3° and 4° of Law No. 2025-127...
Russia’s Finance Ministry has proposed a series of Tax Code amendments as part of a budget package submitted to the Government of the Russian Federation on 24 September 2026, including changes to personal income tax, taxation of mutual funds (PIFs), dividends paid to non-residents, VAT on cross-border electronic commerce and natural resource rents. The package...
The European Union had urged the UK to increase tariffs on Chinese cars and align more closely with EU trade policy to prevent British exports from facing barriers under the bloc’s “made in Europe” measures, according to people familiar with the discussions. The EU had told London that joining the bloc’s customs union would provide...
China’s commerce ministry and the White House jointly announced a reciprocal tariff reduction plan worth USD 60 billion on 28 September 2026. Each country identified roughly USD 30 billion of goods for more favourable tariff treatment, with the US Trade Representative stating this would unlock improved market access for about 30% of US exports to...
Uzbekistan has issued Presidential Decree No. PF-175 of 28 August 2026, which provides tax amnesty for small and medium-sized enterprises. The Decree officially establishes a comprehensive “Second Chance” economic amnesty for small and medium-sized enterprises (SMEs) running through 31 December 2026. Tax penalties on arrears incurred before the amnesty will be written off if the...
The Trump administration remains comfortable maintaining its trade standoff with Canada despite mounting economic pressures on both sides of the border. US Trade Representative Jamieson Greer stated on 25 September 2026 that Washington feels no pressure to compromise on the deepening dispute. New import bans and January tariff threat Starting next week, the United States...
The Australian Taxation Office (ATO) has released new guidance on 25 September 2026 on administrative matters related to Country-by-Country (CbC) reporting. The updates clarify lodgment deadlines, extension procedures, and international obligations that entities must follow. Lodgment deadlines CbC reporting statements must be lodged within 12 months after the income year ends. The income year ends...
Belgium’s Federal Public Service Finance announced in a series of releases that it is extending the corporate tax filing deadline and tax declaration filing deadlines for multinational enterprises. Corporate tax filing deadline to 15 October Belgium’s tax authority (FPS Finance) has announced on 25 September 2026 an exceptional extension of tax filing deadlines following consultations...