Friday, October 09, 2026
The Australian Taxation Office (ATO) has published its annual findings on the tax compliance and performance of large public and multinational businesses on 17 September 2026. The released findings show high levels of tax compliance across the nation’s largest businesses in the 2025-26 financial year. The data demonstrates consistent governance improvements and stronger transparency measures...
Hong Kong has announced the release of the Hong Kong Chief Executive’s 2026 Policy Address on 16 September 2026. The tax policy measures outlined in the Hong Kong Chief Executive’s 2026 Policy Address form a central part of the HKSAR Government’s strategy to align with the National 15th Five-Year Plan and implement Hong Kong’s First...
The Netherlands House of Representatives approved the bill implementing the first phase of the VAT in the Digital Age (ViDA) package under Council Directive (EU) 2025/516, according to a plenary report on 17 September 2026. The primary objective of this first phase is to minimise the necessity for multiple local VAT registrations across EU Member...
Ukraine’s National Bank of Ukraine (NBU) raised the key policy rate by 0.5 percentage points to 16.0% per annum, with the new rate taking effect from 18 September 2026. The key policy rate is applied to calculate interest and penalties on late tax payments. The increase also affected the late payment penalty interest, which is...
Bahrain’s National Bureau for Revenue (NBR) has issued updated VAT guidance clarifying the conditions for applying the profit margin scheme to used goods. The updates were published on 20 September 2026 in VAT General Guide Version 1.16 and VAT Retail and Wholesale Guide Version 1.3. Under Section 17 of VAT General Guide Version 1.16, VAT...
The Netherlands’ State Secretary for Finance Eerenberg informed the House of Representatives on 11 September 2026 about the Cabinet’s choices for implementing electronic invoicing and digital reporting under the VAT in the Digital Age (ViDA) package. Under the proposed framework, mandatory electronic invoicing will apply from 1 July 2030 to all domestic business-to-business (B2B) transactions...
The South African Revenue Service (SARS) announced on 18 September 2026 the publication of FAQs addressing its proposed VAT modernisation programme. The document explains the proposed Digital VAT Model, its implementation, potential business impacts and the transition towards more automated VAT administration. The FAQs should be read together with the Consultation Paper, which invites interested...
Serbia’s Parliament has enacted amendments to the Value Added Tax Law, published in Official Gazette No. 80/2026. The amendments entered into force on 8 September 2026 and will generally apply from 1 January 2027, unless otherwise specified in the law. The amendments to the Value Added Tax (VAT) Law adjust regulatory obligations regarding exemptions, mandatory...
Bulgaria published Decree No. 304 in the State Gazette on 18 September 2026, promulgating the Law on the Supplement to the Law on the Ratification of the Convention on Mutual Administrative Assistance in Tax Matters. The amendment adds Pillar Two top-up taxes to the list of covered taxes under the Convention, enabling the country to...
The Slovak Parliament approved on 15 September 2026 a bill amending the Construction Law and related legislation, including the Income Tax Act (ITA), to clarify construction categories, simplify administrative procedures and align tax rules with the revised construction framework. Income Tax Act changes The ITA amendments mainly align tax legislation with changes to the Construction...