Saturday, August 08, 2026
The Kenya Revenue Authority (KRA) announced on 3 July 2026 that it has rolled out a new tax relief programme designed to ease the financial burden on citizens while simultaneously boosting domestic revenue. Building upon two previous campaigns that successfully reclaimed KES 80.9 billion in principal taxes, this third amnesty cycle aims to help thousands...
Brazil’s tax reform—established by Constitutional Amendment No. 132/2023 and regulated by Complementary Law No. 214/2025—shifts from preparation to enforcement in July 2026. The Dual VAT system introduces CBS (Contribution on Goods and Services) and IBS (Tax on Goods and Services) to replace fragmented existing taxes: PIS, Cofins, and IPI are absorbed by CBS, while ICMS...
Colombia’s tax authority (DIAN) released Press Release 090 on 30 June 2026, outlining the filing schedule for the 2025 personal income tax return. The filing window runs from 12 August through 26 October 2026, with submission dates staggered across three months based on taxpayers’ Tax Identification Numbers (NITs). Staggered schedule based on NIT endings The...
Vietnam’s government has issued a Resolution No. 34/2026/NQ-CP dated 30 June 2026, which outlines the extension of tax incentives for specific energy products. The resolution mandates a continued period of reduced import duties, environmental protection taxes, and value-added taxes on commodities such as gasoline, oil, and aviation fuels. These financial measures are scheduled to remain in...
Colombia is preparing for a potential tax reform driven by rising fiscal pressures and a growing deficit. While the incoming administration has proposed tax cuts, experts argue that broader structural changes will be needed to increase revenue and improve tax collection without undermining economic stability. Specialists from Javeriana University’s Fiscal Observatory and the Autonomous Committee...
The South African Revenue Service (SARS) has launched the 2026 tax filing season, introducing new enhancements aimed at simplifying the filing process and broadening the scope of its auto-assessment programme. SARS stated that these improvements are part of its broader strategy to build a smart, modern tax administration that makes compliance easier for taxpayers. Manual...
India’s Finance Ministry recalibrated its windfall gains tax on fuel exports through a revised notification on 1 July 2026, signalling a shift in its fiscal approach to petroleum product shipments. The adjustments, which took effect on 1 July 2026, reflect the government’s ongoing efforts to calibrate export incentives against domestic supply concerns. Petrol levy climbs,...
Nigeria’s federal government has unveiled sweeping tariff restructuring and environmental tax measures set to commence on 1 July 2026, according to the 2026 Fiscal Policy Measures (FPM) circular issued by Minister of Finance Wale Edun. The reforms span 127 tariff lines and introduce a green excise regime alongside significant import duty reductions across multiple sectors....
Greece’s tax authority (AADE) published two administrative guidance documents for taxpayers subject to Pillar Two global minimum tax requirements under Bill 5100/2024. Decision A.1131/2026 establishes the complete filing and information exchange framework for the Top-Up Tax Information Return (GIR), whilst an accompanying Q&A document provides clarification on specific technical and procedural questions arising from GIR...
Belarus has introduced new tax incentives to promote the robotisation of its economy under Edict No. 198 of 17 June 2026. Legal entities implementing robotics are eligible for the following tax incentives: Key tax incentives Depreciation: Companies can apply a 150% depreciation rate for profit tax calculations on robotics acquired on or after 1 January...