Saturday, September 19, 2026
Lithuania has proposed amendments to Article 46¹ of the Law on Corporate Income Tax of the Republic of Lithuania (No. IX-675) on 14 September 2026, which would increase the maximum tax deduction available for qualifying investment projects from 100% to 130% of actually incurred expenses. Under the proposal, entities would be able to reduce their...
The Dominican Republic’s Executive Power had submitted the draft Application Regulation for Law No. 30-26 for public consultation, setting out rules on tax procedures, incentive regimes, withholding taxes and other administrative measures. The consultation was open from 7 September to 8 October 2026. Questions and comments could be submitted through the “submit comments” form accompanying...
Romania’s Ministry of Finance has confirmed a 25% reduction in excise duty on diesel for the period 16 September to 30 September 2026 in an announcement on 15 September 2026. This decision follows the bimonthly assessment process set out in Law no. 162/2026. Ongoing market pressures International diesel prices have climbed sharply in recent weeks....
Angola’s taxation authority, the General Tax Administration (AGT) has announced on 27 August 2026 that taxpayers under the general regime must settle their provisional industrial tax for the 2026 fiscal year by 31 August 2026. Calculation method and rate Taxpayers apply a rate of 2% to the total volume of sales of goods and services...
The Philippines’ Bureau of Internal Revenue released Revenue Memorandum Circular (RMC) No. 96-2026 on 7 September 2026. BIR Commissioner Charlito Martin R. Mendoza issued the circular to provide guidance on how qualified Export-Oriented Enterprises (EOEs) handle Value-Added Tax refund claims during a defined transition period. The circular addresses a specific gap in Section III(1)(a) of...
The amending protocol to the Georgia–San Marino Income and Capital Tax Treaty (2012), signed on 17 October 2025, entered into force on 28 August 2026. The protocol removes the previous three-year time limit for mutual agreement procedures and updates the Georgia–San Marino tax treaty to align with the OECD’s 2017 Model Tax Convention. As the...
Argentina’s President signed Decree No. 1010/2026 on 14 September 2026, promulgating Law No. 27.819 and ratifying the free trade agreement between MERCOSUR (Argentina, Brazil, Paraguay, and Uruguay) and Singapore (MCSFTA), signed on 7 December 2023. The decree was published in Official Gazette No. 35.992 on 15 September 2026. The treaty establishes a free trade zone...
Brazil’s government announced fresh fuel relief measures on 9 September 2026, expanding diesel subsidies and cutting taxes on gasoline and ethanol. The move comes as crude oil prices remain elevated near USD 100 per barrel, driven by regional tensions in the Middle East. The Planning and Budget Minister Bruno Moretti confirmed that total fuel-relief spending...
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...