Friday, October 09, 2026
The Cyprus Council of Ministers and the Ministry of Finance announced a series of economic measures on 30 September 2026, designed to address rising prices across essential goods and services. Tax reductions on food and energy Cyprus will apply 0% VAT to selected food products during temporary periods. From 1 October 2026 to 31 May...
The Italian Revenue Agency announced on 5 October 2026 that it has established procedures to notify VAT-registered taxpayers about discrepancies in their 2023 tax filings. Director Vincenzo Carbone signed the provision on 5 October 2026 to implement paragraphs 634 to 636 of the 2015 Stability Law (Law No. 190/2014). What the agency found The anomalies...
Belgium’s Council of Ministers approved a draft law on 2 October 2026 to ratify the protocol amending the 2014 Belgium–Norway income tax treaty. The treaty aims to avoid double taxation on income and prevent fiscal evasion between the two countries. Signed on 8 September 2021, the protocol will enter into force after the exchange of...
The US President Donald Trump signed an executive order on 5 October 2026 to expand access to tax-exempt diesel fuel. The announcement came during a campaign rally in Grand Island, Nebraska, where Trump unveiled the directive from the stage. The order eliminates off-road use restrictions for red dye diesel, allowing purchasers across all sectors to...
Brazil’s President has sanctioned Law No. 15,525/2026 of 28 September 2026, establishing a specific corporate tax framework for local reinsurance companies in Brazil. The Official Gazette published Law No. 15,525/2026 on 29 September 2026. The aim of this law is to correct the tax asymmetry between local and foreign reinsurers and strengthen the domestic reinsurance...
The Australian Taxation Office (ATO) announced, on 2 October 2026, that it has implemented new capital gains tax (CGT) rules for foreign residents. The CGT rules for foreign residents (Strengthening the foreign resident capital gains tax (CGT) regime) went into effect on 1 October 2026. The changes target transactions involving Australian assets and introduce stricter...
Brazil’s Federal Revenue Service (RFB) published the first edition of its Q&As guide on the Additional Social Contribution on Net Profits (CSLL) on 2 October 2026. The guide provides practical guidance on Brazil’s recently implemented qualified domestic minimum top-up tax (QDMTT), which implements the global minimum tax framework under Pillar Two of the OECD/G20 BEPS...
Ireland’s Committee on Budgetary Oversight has published its Pre-Budget 2027 report on Wednesday, 30 September 2026, warning that fiscal policy must avoid adding to inflationary pressures, that repeated spending overruns undermine transparency, and that Ireland’s reliance on concentrated corporation tax receipts creates serious risk for the public finances. The Committee also calls for a broader...
Belgium’s Parliament’s Financial and Budgetary Committee adopted the draft legislation implementing DAC9 (Directive 2011/16/EU as amended by Council Directive (EU) 2025/872) on 2 October 2026. The legislation has a dual purpose: it transposes Council Directive (EU) 2025/872 of 14 April 2025 (DAC9), which updates the rules on administrative cooperation between tax authorities, and amends Belgium’s...
The OECD published an updated list of signatories, including their signing dates, to the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA) on 1 October 2026 The agreement facilitates the automatic exchange of GloBE Information Returns between tax authorities and reduces compliance costs for multinational enterprise groups...