Friday, October 09, 2026
France’s tax authority has updated its guidance on income tax reductions for investments in small and medium-sized enterprises (SMEs), FCPI and FIP funds, and solidarity-based enterprises of social utility (ESUS). The update published on 27 August 2026 incorporates changes introduced by legislation adopted since 2015, including the Finance Laws for 2025 and 2026. Changes to...
The Slovak Republic Ministry of Finance has proposed a draft amendment, on 18 August 2026, to Act No. 507/2023 Coll. pertaining to top-up tax, ensuring a global minimum level of taxation for multinational enterprise (MNE) groups and large-scale domestic groups operating in the jurisdiction. Along with amending Act No. 507/2023 Coll., the draft also introduces...
Belgium’s Federal Public Service Finance has announced a reformed Penal Code, which is set to take effect on 1 September 2026. The update establishes parallel systems of eight penalty levels, one applicable to legal entities and another to natural persons, with each tier defined by specific thresholds and opportunities for reduction based on mitigating circumstances....
South Africa has amended its customs tariff regime through two separate notices issued under the Customs and Excise Act, 1964, and published in Government Gazette No. 55269 on 28 August 2026. In the first notice, R.7864, Minister of Finance Enoch Godongwana amended Part 1 of Schedule No. 1 to the Act under section 48, raising...
The European Commission’s (EU) Directorate-General for Trade and Economic Security imposed definitive anti-dumping duties on imports from Korea (Rep.) ranging from 6.1% to 13.3%, while imports from Mexico are subject to a duty of 24.1%. The imposition of the definitive duties follows an investigation which found that imports of terephthalic acid from Korea and Mexico...
New Zealand has cancelled a planned 12-cent-per-litre fuel excise increase scheduled for 1 January 2027, Finance Minister Nicola Willis and Transport Minister Chris Bishop announced on 31 August 2026. The next fuel excise increase will instead take effect on 1 January 2028, at 5 cents per litre, followed by three further 5-cent increases at six-month...
France has today introduced mandatory electronic invoicing and the transmission of transaction data to the tax authorities, marking the start of the country’s phased e-invoicing reform. From 1 September 2026, all businesses must be able to receive electronic invoices. Large companies and medium-sized enterprises must also issue electronic invoices and transmit the required transaction data...
Singapore’s Enterprise Innovation Scheme (EIS) has been expanded to cover the adoption of artificial intelligence (AI), allowing businesses to claim a 400% tax deduction or allowance on up to SGD 50,000 of qualifying AI expenditure per Year of Assessment (YA) for YA 2027 and YA 2028. The change is set out in the Inland Revenue...
France has clarified, on 19 August 2026, the tax treatment of sole proprietorship restructuring where an individual entrepreneur elects for Corporate Income Tax (IS), introducing optional mechanisms to defer, suspend or spread taxation of capital gains and profits arising during the restructuring process. The changes were introduced by Article 16 of Law No. 2026-103 of...
Malaysia’s government has published Order No. P.U. (A) 300/2026, the Income Tax (Transfer Pricing) (Amendment) Rules 2026, in the Official Gazette on 27 August 2026, officially updating Malaysia’s regulatory framework regarding transactions between related entities, with retroactive effects beginning in assessment year 2023. These rules refine the legal definition of services and clarify that a...