Friday, October 09, 2026
Poland’s government has moved forward with plans for a windfall tax (excess profit tax) on oil companies’ excess profits. Prime Minister Donald Tusk announced on 15 September 2026 that the government intends to impose a 60% levy on revenue generated above normal levels by oil firms between 1 March 2026 and 31 December 2026. The...
The US Internal Revenue Service (IRS) issued new guidance on tax relief for farmers and ranchers across the country who sold or exchanged livestock due to severe drought on 15 September 2026. The extension allows affected producers to defer taxes on gains from forced livestock sales and take additional time to replace their animals. Who...
France plans to lower the exceptional corporate tax surcharge paid by very large companies in 2027, Prime Minister Sébastien Lecornu said in a letter to business executives today, 16 September 2026. The measure would stop short of abolishing the surcharge, which was introduced in 2025 as a temporary levy and subsequently extended into 2026 under...
Colombia’s Congress approved the government’s 2027 spending budget on 14 September 2026, setting expenditure at COP 634.9 trillion (USD 206.6 billion) as public finances faced a projected record fiscal deficit. The Senate and lower house backed the revised bill after an earlier proposal was returned for changes. The revised budget incorporated additional funding requirements, including...
Canada’s Prime Minister Mark Carney announced a new tax measure on 15 August 2026 aimed at strengthening Canada’s economy and drawing foreign investors to the country. The initiative, called the Productivity Mega Deduction, expands a previous tax incentive introduced in Budget 2025 and makes it permanent. Canada’s Budget 2025 introduces a Productivity Mega Deduction combining...
The Australian Treasury has released draft legislation to overhaul the nation’s tax framework for emerging businesses and research ventures. The Treasury Laws Amendment (Tax Reform No. 5) Bill 2026: Better targeting the Research and Development Tax Incentive implements key elements of the tax reform package announced in the 2026–27 Budget, following recommendations from DISR’s Ambitious...
Ukraine’s Parliamentary (Verkhovna Rada) Committee on Finance, Tax and Customs Policy has recommended that parliament adopt revised draft laws introducing new VAT rules for small international postal and express shipments purchased through online marketplaces. The committee approved the revised package on 10 September 2026, covering amendments to the Tax Code under draft law No. 16051-1...
The Government of Russia has extended the export customs duty on oilseed flax leaving the country for destinations outside the Eurasian Economic Union (EAEU), under a decree adopted in Moscow on 25 August 2026. Decree No. 1073, signed by Chairman of the Government Mikhail Mishustin, amends an earlier decree, No. 2068 of 27 November 2021,...
France has extended its 0% value added tax (VAT) rate to air transport services carried out in Guadeloupe and Martinique, effective from 21 February 2026, according to an update (ACTU-2026-00140) published by the French tax administration on 2 September 2026. The change was introduced under Article 100 of Finance Law No. 2026-103 of 19 February...
Thailand’s electric vehicle board has agreed to raise excise tax on fully imported electric vehicles (CBUs) to encourage investment in domestic auto manufacturing, a Finance Ministry official said on 10 September 2026. Fully imported vehicles will face the highest tax rate, above the current 10% excise tax. Lower rates will apply to vehicles imported for...