Friday, October 09, 2026
Albania has deposited its instrument of ratification for the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (the STTR Convention), triggering the convention’s entry into force on 1 January 2027. The deposit of the second instrument of ratification brought the STTR Convention into legal existence. From that date, the...
Britain’s Labour government is considering lowering the threshold for its planned mansion tax from GBP 2 million to GBP 1.5 million, potentially bringing about 271,000 homes within the levy based on current property values. The proposal remained under discussion at the Treasury, with the government weighing measures to raise additional tax revenue ahead of Chancellor...
Sri Lanka’s Inland Revenue Department (IRD) issued a payment reminder for VAT on Financial Services (VAT on FS) for the August 2026 payment period. The tax carries Tax Type Code 75, while the applicable Payment Period Code is 26080. Taxpayers were required to settle the liabilities on or before 20 September 2026. Payment options The...
Sri Lanka’s Inland Revenue Department (IRD) has issued a VAT Compliance notice setting out the payment and filing requirements for the August 2026 tax period. VAT payments for August 2026 must be made on or before 20 September 2026, while the corresponding VAT return must be submitted online by 30 September 2026. VAT filing is...
Thailand’s Finance Minister Ekniti Nitithanprapas said on 21 September 2026 that the government was considering cutting excise taxes on certain petroleum products to ease cost-of-living pressures caused by the energy crisis. The proposed reductions would cover blended biofuels such as E20 and B20, which Ekniti said would also benefit farmers. Thailand had already reduced refinery...
Egypt has amended the Income Tax Law No. 91 of 2005 through Law No. 151 of 2026, introducing changes to the taxation of real estate disposals and securities, dividend withholding, interest deductibility and small-business taxation. The law was issued on 28 July 2026 and took effect on 29 July 2026, the day after its publication....
Switzerland’s State Secretariat for International Finance updated its list of jurisdictions for the automatic exchange of financial account information on 21 September 2026, with Romania moved from temporarily non-reciprocal to reciprocal status. The change applies to exchanges under the CRS MCAA and Switzerland’s bilateral automatic exchange agreement with the European Union. Switzerland generally implements the...
Slovenia’s tax administration (FURS) issued technical guidance on 10 September 2026 on the national implementation of CRS 2.0, EU Council Directive 2023/2226 (DAC8) and Directive 2025/872. The changes were transposed into Slovenian law through amendments to the Tax Procedure Act (ZDavP-2P), which took effect on 1 January 2026. The updated framework expanded the scope of...
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, has clarified the tax treatment of reduced commodity tax refunds received by profit-seeking enterprises under the Commodity Tax Act. Where goods purchased by a profit-seeking enterprise meet the requirements of Article 11-1, Article 12-5 or Article 12-6 of the Commodity Tax Act, and a refund of...
The UAE’s Federal Tax Authority (FTA) Decision No. 15 of 2026 has established the administrative rules, procedural requirements and filing deadlines for entities applying for Corporate Tax exemption under Federal Decree-Law No. 47 of 2022 (the Corporate Tax Law). The decision was issued on 8 September 2026 following approval by the FTA Board of Directors...