Thursday, October 29, 2026
Azerbaijan and Cambodia signed an income tax treaty on 12 October 2026, according to a release from the Press Service of the President of Azerbaijan. The treaty aims to eliminate double taxation on income and prevent tax evasion. Both countries expect the agreement to improve investment conditions and strengthen tax cooperation, including information exchange between...
China’s Ministry of Finance and State Taxation Administration announced on 13 October 2026 that the country will reduce export tax rebates for new energy vehicles. The rebate will drop to 9% from the current 13%, effective from April 2027. The change applies to both battery electric vehicles and plug-in hybrids. The rebate reduction aims to...
Iceland’s Ministry of Finance has launched a public consultation on 7 October 2026 on a draft bill proposing amendments to Law No. 152/2009 on Support for Innovation Companies. The consultation is scheduled to conclude on 21 October 2026. Scheduled to take effect on 1 January 2027, the proposed draft bill modernises the statutory framework governing...
The Belgian Council of Ministers approved a draft law on 9 October 2026 to ratify the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), which Belgium signed on 16 June 2025. The agreement supports international efforts to combat base erosion and profit shifting by multinational corporate groups. It comes from the...
South Africa’s Road Accident Fund (RAF) wants the National Treasury to raise the RAF levy on petrol and diesel from ZAR 2.25 per litre to ZAR 3 per litre, saying it needs a stronger funding base, according to its 2025/26 annual report. The levy rose by 7 cents on 1 April 2026, but the RAF...
Greece’s Ministry of National Economy and Finance opened a public consultation on 7 October 2026 on a draft bill that would establish a dedicated tax framework for crypto assets, including a 10% tax on capital gains made by individuals, ahead of a planned parliamentary vote in the first week of November 2026. The crypto-asset measures...
Thailand’s Revenue Department has issued Notification of the Director-General of the Revenue Department on Income Tax (No. 470), setting the rules, procedures and conditions for the exemption. It was announced on 30 September 2026 by Director-General Somsak Ananthawat and takes effect from 3 March 2026. The exemption is provided under Royal Decree No. 805 B.E....
Taiwan’s National Taxation Bureau of the Southern Area, Ministry of Finance, has clarified that losses from overseas property transactions may be deducted only against income from overseas property transactions in the same taxable year under the Income Basic Tax Act. Unused losses cannot be offset against other categories of overseas income or carried forward to...
Singapore’s Inland Revenue Authority of Singapore (IRAS) has expanded the list of jurisdictions with which it can automatically exchange CbC Reports to include Antigua and Barbuda. The authority updated its Country-by-Country Reporting guidance page on 8 October 2026. The addition takes effect from the financial year 2025. International exchange Under the guidance, information is exchanged...
This week was defined by a decisive shift from the prior week’s trade defence enforcement to large-scale administrative preparation. After a quiet start, regulators loaded nearly 10,000 future-dated tariff changes over two days, primarily establishing new preferential rates and quotas for the agri-food sector. This wave of preparation culminated at the week’s end with the...