Friday, October 09, 2026
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) released new guidance on 6 October 2026 to assist tax authorities in strengthening confidentiality, information security management (ISM), and cybersecurity frameworks for the automatic exchange of information (AEOI). The aim of the guidance titled “Safeguarding Tax Information – Practical Guidance...
The Finnish Government presented Government Proposal HE 209/2026 vp to Parliament on 2 October 2026, proposing amendments to the Income Tax Act, the Act on the Taxation of Income of Non-Residents and the Prepayment Act. The primary impetus for these legislative changes was the European Court of Justice (ECJ) ruling in A SCPI (Case C-342/20)....
Thailand’s Revenue Department has launched a public consultation on the principles of the Draft Act on Qualified Refundable Tax Credits, which would give promoted companies a new form of investment incentive compatible with the Pillar Two Global Minimum Tax framework. How the credits would work A recipient could use an approved QRTC amount to pay...
Turkey’s Tax Audit Board announced that three new specialised departments would become fully operational from 1 October 2026 as part of efforts to strengthen tax audits through specialisation, data analytics, digital auditing and risk-based work. The new structures comprise the Ankara Organised Tax Evasion Audit Department, Istanbul Organised Tax Evasion Audit Department and Istanbul International...
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has published a user guide on how regional headquarters (RHQs) must submit their annual disclosure form through the ZATCA website. The form is used to check compliance with the economic substance requirements under the Tax Rules for Regional Headquarters, provided under ZATCA Board Decision No. 9-1-24 of...
Hungary’s government has proposed an annual wealth tax on individuals holding more than HUF 1 billion, Prime Minister Peter Magyar announced on 6 October 2026. The tax would be 1% on wealth above the threshold from January 2027. Those with more than HUF 100 billion would pay 1.5% on the excess. It would cover all...
Malaysia’s Prime Minister Anwar Ibrahim will announce the 2027 budget on 9 October 2026, signalling a shift toward targeted household support as the government balances election expectations with fiscal constraints. The announcement comes amid speculation of early elections, though polls are not officially due until February 2028. Tax relief and subsidy pressures The government plans...
Taiwan’s National Taxation Bureau of the Central Area, under the Ministry of Finance, has reminded profit-seeking enterprises that have been granted an extension to submit financial statements of their controlled foreign company (CFC), audited and attested to by a Certified Public Accountant (CPA), or other supporting documents that may substitute for them, that the documents...
Ireland’s Department of Finance published Budget 2027 on 6 October 2026. The key tax measures are as follows: Corporation tax administration Budget 2027 introduces changes to preliminary corporation tax rules to provide greater flexibility and reduce uncertainty. These include: extending the limited top-up mechanism where at least 80% of current-year liability is paid by the...
The Inland Revenue Authority of Singapore (IRAS) has ruled that redeemable preference shares (RPS) issued by a Singapore-resident investment holding company are equity instruments for income tax purposes. The determination is set out in Advance Ruling Summary No. 16/2026 published on 1 October 2026. IRAS also ruled that dividends paid on the RPS to the...