Thursday, October 29, 2026
The UAE’s Federal Tax Authority (FTA) Decision No. 15 of 2026 has established the administrative rules, procedural requirements and filing deadlines for entities applying for Corporate Tax exemption under Federal Decree-Law No. 47 of 2022 (the Corporate Tax Law). The decision was issued on 8 September 2026 following approval by the FTA Board of Directors...
The South African Revenue Service (SARS) enhanced its Global Minimum Tax (GMT) administration to support affected Multinational Enterprise (MNE) Groups in meeting their Pillar Two obligations under the Global Anti-Base Erosion (GloBE) Rules. The improvements, announced on 21 September 2026, had expanded GMT administration beyond registration and filing to cover international information sharing, local administration...
Argentina’s tax authority, Customs Revenue and Control Agency (ARCA), announced an extension for individual income tax filings on 21 September 2026 under General Resolution No. 5898/2026, which was published in the Official Gazette on 18 September 2026. General Resolution No. 5898/2026 moves the deadline for individual income tax filings to 13 October 2026. This provides...
Rep. Ron Estes of Kansas introduced the U.S. Innovation and Global Competitiveness Act of 2026 on 17 September 2026. The bill aims to modify how the US taxes multinational companies while maintaining anti-profit-shifting measures. The proposal builds on rules established by the 2017 Tax Cuts and Jobs Act and its successor legislation, the Working Families...
The Organisation for Economic Co-operation and Development (OECD) announced in September 2026 the launch of an updated version of its INNOTAX portal, a comprehensive database tracking tax incentives for research and development across more than 50 jurisdictions. The enhanced platform now includes income-based tax incentives alongside the expenditure-based tools that formed its original foundation. How...
An advisory commission under the EU Arbitration Convention has issued its final opinion on a long-running tax dispute between Denmark and the UK over two Ørsted offshore wind farms. The Danish Tax Agency and UK Revenue and Customs notified Ørsted of the decision on 11 September The commission determined that Walney Extension and Hornsea 1...
The Polish Sejm, the lower house of parliament, approved a government bill on 18 September 2026 introducing a temporary windfall tax, or excess profits tax, on companies operating in the liquid fuels sector. As per previous reports, Poland government has proposed to introduce a temporary 60% windfall tax on excess profits earned by oil companies...
The Cyprus Council of Ministers approved the Budget Bill for the year 2027 and the Medium-Term Fiscal Framework (MTFF) 2027-2029 on 16 September 2026. The bill details a strategic shift in government spending, highlighting increased allocations for defence, infrastructure, and social benefits, while simultaneously striving to downsize the public sector workforce. The 2027 State Budget...
Finland’s government announced, on 17 September 2026, that it proposed two significant changes to corporate taxation, effective from 2027. The alterations target both the tax rate structure and loss carry-forward provisions for businesses. Lower corporate tax rate The government plans to reduce the corporate income tax rate from 20% to 18%. This reduction applies to...
The Bulgarian National Assembly on 1 September 2026 accepted for consideration Bill No. 52-602-02-16, which would amend the law ratifying the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol. The proposal would update Annex A of the Convention to include the primary top-up tax, secondary top-up tax, and national...