Friday, October 09, 2026
The Chilean parliament is considering the draft Law on the Reform of the Capital Market and Access to Home Ownership (Ley de Reforma al Mercado de Capitales y Acceso a la Casa Propia), which was submitted on 9 September 2026. This draft legislation introduces a sweeping set of tax and regulatory modernisations designed to restore...
Russia’s Ministry for the Development of the Russian Far East and Arctic has prepared amendments to the Tax Code, providing for tax incentives and reduced social security contribution rates for residents of the Unified Territory of Advanced Development (UTAD) covering the Russian Far East and the Arctic Zone of Russia. Eligible business residents gain access...
Switzerland’s Federal Council enacted the Federal Act on the Extension of Loss Carryforward on 18 September 2026. The change allows companies to offset losses against taxable profits over a ten-year period instead of the current seven years at both federal and cantonal levels. The extension takes effect on 1 January 2028 and applies to loss...
The Philippines’ tax authority, the Bureau of Internal Revenue (BIR), has announced the issuance of Revenue Memorandum Circular No. 098-2026 on 22 September 2026, establishing the official framework for the issuance of electronic invoices in the Philippines. It mandates that small, medium, and large taxpayers, particularly those involved in e-commerce, transition to digital invoicing systems...
The Austrian government confirmed, on 23 September 2026, that it will extend and expand its fuel price cap beyond its September expiration. The coalition of ÖVP, SPÖ, and NEOS parties agreed to reactivate the measure at a significantly larger scale, with the new regulations taking effect in October 2026. How much drivers will save The...
Indonesia’s budget committee has given final approval to the government’s 2027 budget plan. The committee, led by chair Said Abdullah, signed off on total spending of IDR 4,106.3 trillion on 24 September 2026. The approved amounts each run IDR 9.1 trillion higher than the initial proposal put forward by President Prabowo Subianto in August. The...
Greece’s Council of State issued Decision No. 370/2026 on 11 September 2026, which clarified that companies cannot deduct interest paid on loans borrowed to finance dividend payments to shareholders. The Second Chamber of the council rejected an appeal from a company that had sought this deduction. Why the interest is not deductible The company had...
The Russian government unveiled its draft three-year budget on 24 September 2026, laying out plans for 2027 through 2029 that prioritise military spending while widening the fiscal deficit. The budget must reach parliament by 1 October 2026. For 2027 alone, state revenues are projected at RUB 43.3 trillion while expenditure will reach RUB 48.8 trillion....
Bulgaria’s new Ordinance on Transfer Pricing Methods Application (the New Ordinance) entered into effect on 1 January 2026, replacing the previous 2006 regulatory framework. Introduced to align national tax regulations with updated OECD Transfer Pricing Guidelines and support Bulgaria’s OECD accession process, the New Ordinance explicitly establishes that its provisions must be interpreted and applied...
Poland’s Senate (Upper house of Parliament) passed a legislation that reshapes how small businesses handle tax reporting and cash transactions. The Act of 18 September 2026, transmitted as Senate Print No. 834 (Druk nr 834), amends both the Personal Income Tax (PIT) Act and the Corporate Income Tax (CIT) Act to reduce administrative burdens on...