Saturday, September 19, 2026
The Kenya Revenue Authority (KRA) has issued a notice announcing the activation of the Tax Amnesty Functionality in iTax, offering relief from penalties, interest and fines on eligible tax liabilities for periods up to 31 December 2025, provided the principal tax is settled by 31 December 2026. Following the enactment of the Finance Act 2026,...
Finland’s Ministry of Finance announced the draft budget for 2027 on 6 August 2026, which includes several significant corporate tax measures. The government will review the draft budget during its budget session on 1–2 September, after which the Ministry of Finance will finalise the proposal. The finalised budget will be considered by the Extraordinary Committee...
The Australian Taxation Office (ATO) reminded large corporate taxpayers on 5 August 2026 to review their corporate tax transparency data before the publication of the 2024–25 Corporate Tax Transparency Report. For the 2024–25 income year and onwards, the corporate tax transparency population includes any corporate tax entity that has total income equal to or exceeding...
Korea (Rep.)’s Ministry of Economy and Finance (MoEF) has unveiled its 2026 Tax Reform Plan, proposing a broad package of tax measures aimed at strengthening domestic manufacturing, supporting innovation, expanding tax relief for households and small businesses, and updating international tax rules in line with the latest OECD Pillar Two guidance. Released on 3 August...
Portugal’s Council of Ministers approved a proposal for legislative authorisation to be submitted to the Assembly of the Republic to establish a Temporary Solidarity Contribution on the Petroleum Sector. The exceptional and temporary measure will apply only to the 2026 period and is intended to finance measures to mitigate the impact of rising fuel prices....
France has restored the standard time limit for withholding tax claims by repealing the reduced one-year deadline through Decree No. 2026-692 of 27 July 2026, published on 29 July and effective from 30 July 2026. The measure implements Conseil d’État Decision No. 500909. Under the change, claims relating to withholding tax are now subject to...
Turkey’s Revenue Administration has updated and published the Guide on the Tax Penalty Reduction Application, explaining the scope of penalties covered, eligibility requirements, reduction rates, application procedures and payment obligations under Article 376 of the Tax Procedure Law No. 213. Scope of the tax penalty reduction application The application enables taxpayers and tax responsible persons...
The UAE Federal Tax Authority (FTA) issued Federal Tax Authority Decision No. 12 of 2026, establishing the registration, deregistration and notification requirements for entities subject to the domestic Top-up Tax under Cabinet Decision No. 142 of 2024 on the Imposition of Top-Up Tax on Multinational Enterprises. The Decision was issued on 16 July 2026, published...
The income tax treaty between Belarus and Myanmar entered into force on 15 July 2026. Signed on 28 November 2025, the agreement provides for the avoidance of double taxation of income of tax residents of Belarus and Myanmar. It covers income tax and profit taxes in both jurisdictions. Dividend withholding rates sit at 10% for...
Romania’s Ministry of Finance, in a press release, has approved the procedural mechanism for delivering a 3% rebate on profit and income taxes to microenterprises for the 2025 fiscal year, implementing Government Emergency Ordinance no. 8/2026. The system requires no applications from taxpayers—tax authorities verify eligibility automatically and issue rebate decisions. Simplified application process The...