Thursday, October 29, 2026
Thailand’s Revenue Department has issued Notification of the Director-General of the Revenue Department Regarding Income Tax (No. 471), setting out how individuals and companies or juristic partnerships can claim an income tax exemption on energy-saving investment. The Notification was issued on 30 September 2026 under Section 5 of the Royal Decree Issued under the Revenue...
After three quiet days, UK tariff activity was defined by two large but highly technical updates. The week’s changes were not about new protectionist policy but about structural refinement, with a major nomenclature overhaul creating hundreds of more granular commodity codes for electrical machinery and specialised steel. Separately, regulators re-scoped existing anti-dumping duties on mobile...
India’s Goods and Services Tax (GST) Council has withdrawn the Integrated GST (IGST) exemption on gold, silver and platinum imports through banks and nominated agencies, subjecting these imports to a 3% levy from 1 April. The change aims to place different precious metal import routes on an equal tax footing, according to reports by Bloomberg...
Germany’s Ministry of Finance published a draft bill on 30 September 2026 proposing changes to the taxation of certain crypto-assets held as private assets. The proposed legislation would classify income from qualifying crypto-assets as investment income, introduce a 25% flat rate tax and remove the holding-period exemption for gains from their disposal. The draft bill...
Algeria’s Council of Ministers approved the Finance Bill for 2027 on 4 October 2026, which introduces significant updates to the nation’s tax regulations and corporate reporting duties. The bill was presented by the Minister of Finance on 12 October 2026. Key measures involve stricter transparency requirements for distributed income and foreign entities, alongside an expansion...
Switzerland’s State Secretariat for International Finance has updated its list of partner states for the automatic exchange of information on financial accounts under the OECD Common Reporting Standard (CRS). Curaçao’s status has changed from temporarily non-reciprocal to reciprocal. The list was published on 8 October 2026. Reciprocal status means CRS information is received from and...
Denmark’s government has presented its Finance Bill for 2027 on 9 October 2026 to parliament, proposing tax relief measures for individuals and businesses alongside various financing measures. The government plans to allocate DKK 10.1 billion annually for tax reductions by 2030. Corporate tax The proposed corporate income tax reduction would lower the existing rate of...
Norway’s newly unveiled 2027 Budget introduces a series of fiscal adjustments designed to foster economic growth, maintain fairness, and encourage employment while providing stability for citizens and enterprises. Key measures include personal income tax relief, featuring elevated income thresholds for bracket taxes, a higher employment deduction, and lowered national insurance contribution rates. Corporate tax &...
Malaysia’s Prime Minister and Minister of Finance presented the 2027 budget on 9 October 2026, outlining a strategic fiscal roadmap to drive sustainable economic momentum while easing cost-of-living pressures. Malaysia’s Budget 2027 targets MYR 297 billion in tax revenue, a 5.8% increase from the revised 2026 estimate of MYR 280 billion. Its key priorities are...
Iceland’s Ministry of Finance and Economic Affairs has published a draft bill titled “The Icelandic Tax and Customs Reform Act” on 6 October 2026, proposing various structural and administrative updates across Iceland’s tax, value-added tax (VAT), and customs frameworks. The legislation introduces a simplified tax rule with a 30% deduction and an ISK 2 million...