Thursday, October 29, 2026
The National Treasury of Kenya has published the Income Tax (Minimum Top Up Tax) Regulations, 2026 (Legal Notice No. 189), establishing a comprehensive legal framework to enforce a 15% minimum effective tax rate on large multinational corporations operating within the country. Issued by the National Treasury Cabinet Secretary on 12 August 2026 and gazetted on...
Bolivia’s Tax Administration (SIN) announced on 12 October 2026 that it introduced a five-year VAT exemption for businesses purchasing capital equipment and productive inputs. The policy, governed by Law No. 1755 and Regulatory Supreme Decree No. 5709, took effect under Regulatory Board Resolution (RND) No. 102600000039. The exemption applies to the first domestic sales of...
Bahrain’s National Bureau for Revenue (NBR) has published Version 1.2 of its Excise Guide on 6 October 2026, changing the minimum value of re-exported excise goods that qualify for a refund of excise. Under Section 2.7, excise paid on goods released for consumption in Bahrain and later re-exported outside the territory of the Gulf Cooperation...
Ireland’s tax authority (Revenue) has updated its Capital Acquisitions Tax (CAT) manual to reflect the increased group thresholds announced in Budget 2027, according to Revenue eBrief No. 149/26, published on 12 October 2026. The updated guidance, CAT Manual – Sch. 2: Computation of Tax: Part 1 – Preliminary, explains how the group thresholds operate. These...
The UK government will not raise capital gains tax to the same level as income tax, although a smaller increase remains possible ahead of the Budget on 28 October 2026. Finance minister John Healey faces pressure to raise tax revenue to offset higher borrowing costs and fund increased defence spending and expanded social care. Capital...
Montenegro has published a Rulebook in the Official Gazette establishing requirements for submitting the Pillar Two GloBE Information Return (GIR). The Rulebook entered into force on 9 October 2026. Reporting requirements The Ministry of Finance adopted the Rulebook on the Detailed Manner of Top-up Tax Reporting and the Form and Content of the Top-up Tax...
Britain plans to require online marketplaces, including Amazon, eBay and Temu, to collect VAT from business sellers with annual turnover exceeding GBP 90,000. The proposed measure is expected to raise up to GBP 1 billion to fund business rates cuts for physical retailers and is expected to be announced by Finance Minister John Healey in...
Singapore and Kyrgyzstan signed an income tax treaty on 12 October 2026, according to the Inland Revenue Authority of Singapore. For Kyrgyzstan, the treaty applies to tax on profits of legal persons and income tax on individuals. For Singapore, it applies to income tax. The withholding tax rate on dividends is 5% where the beneficial...
New Zealand’s Inland Revenue has published a draft interpretation statement, Income tax – Depreciation of low-value assets (PUB00533) for public consultation on 9 October 2026. The statement explains section EE 38 of the Income Tax Act 2007, which allows a taxpayer to elect to deduct the full capital cost of a low-value asset in the...
The Dominican Republic’s General Directorate of Internal Taxes (DGII) opened a public consultation on 6 October 2026 on a draft General Rule governing the deduction of educational expenses from income tax for individuals. The proposal aims to align the existing rules with amendments introduced by Law No. 30-26, including an expanded deduction limit for expenses...