Thursday, October 29, 2026
Brazil’s government announced on 9 October 2026 that it is extending fuel-price relief measures for another month. President Luiz Inácio Lula da Silva’s administration rolled out the package to reduce cost-of-living pressure as voters prepare for the month’s presidential runoff election. Tax cuts on gasoline take effect immediately The new gasoline decree reduces the federal...
The Irish Revenue has issued Revenue eBrief No. 143/26 on 7 October 2026, updating its Tax and Duty Manual on the VAT treatment of food and drink supplied by wholesalers and retailers. The update reflects the application of the second reduced VAT rate of 9% to certain hot or heated food supplies from 1 July...
Sweden’s Ministry of Finance has published a draft bill on 1 October 2026 proposing special provisions on the recovery of state aid under Sweden’s recently improved tonnage tax regime. On 11 June 2026, the Swedish Parliament approved broad enhancements to the tonnage tax regime (Prop. 2025/26:243), expanding the scope of eligible shipping activities and lowering...
The European Economic and Financial Affairs Council (ECOFIN) decided on 9 October 2026 to remove Panama and Vietnam from the EU list of non-cooperative jurisdictions for tax purposes. Panama had occupied the list since February 2020. The country removed a harmful foreign-source income exemption that blocked information exchange. The OECD Global Forum granted Panama a...
Rwanda has published Ministerial Order No. 008/26/10/TC of 24 September 2026, establishing the statutory conditions under which approved deposit-taking microfinance institutions (MFIs) can extend their 0% corporate income tax (CIT) rate. The order was published in the Official Gazette on 25 September 2026 and entered into force on the same date. Under the foundational tax...
Taiwan’s National Taxation Bureau of the Southern Area, under the Ministry of Finance has clarified, on 8 October 2026, that business entities which issue supplemental uniform invoices but fail to file supplementary tax declarations and make supplementary payment are not exempt from penalty. The Bureau stated that, according to Article 48-1 of the Tax Collection...
Denmark’s Minister for Taxation and Growth Jakob Engel-Schmidt presented Bill L 39 to parliament on 7 October 2026. The bill would bring state and municipal ports, including municipal autonomous ports not already organised as separate companies, within the scope of corporate income tax. Tax treatment Affected ports would be taxed at the standard corporate rate...
Sri Lanka’s Inland Revenue Department, in a notice to taxpayers issued on 5 October 2026, has asked taxpayers to furnish the Statement of Stamp Duty Compounded and make the stamp duty payment for the quarter ending 30 September 2026 on or before 15 October 2026. The return, which carries the Period Code for the Return...
Irish Revenue issued eBrief No. 142/26 on 6 October 2026, announcing updates to the tax and duty manual on the capital gains tax rate. The updated tax and duty manual Part 02-03-01A reflects the 2% reduction in the standard rate of Capital Gains Tax (CGT), from 33% to 31%, announced in Budget 2027. The reduced...
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) has issued a new Top-up Tax Guide on Scope and Registration on 7 October 2026. The Guide supports Multinational Enterprise (MNE) Groups in understanding how the Top-up Tax on Multinational Enterprises applies in the UAE and what registration obligations they have under the relevant...