Thursday, October 29, 2026
The Cyprus Tax Commissioner has announced an extension to the annual income tax withholding deadline for employers on 16 September 2026. The new submission date for the 2025 PAYE Return is 30 November 2026. Late filing penalties Returns submitted after 30 November 2026 will incur penalties under Article 50A(a) of the Tax Assessment and Collection...
Bolivia’s government announced on 16 September 2026 that it has extended the tax regularisation deadline to 31 December 2026. The extension came through Supreme Decree No. 5708 and affects the Tax Relief programme established by Law No. 1733, passed on 27 May 2026. The original deadline of 23 September 2026 covered a 120-day window. Government...
The US Internal Revenue Service (IRS), in a release on 10 September 2026, announced tax relief for residents and businesses affected by the earthquake that struck Hawaii County starting on 22 May 2026. The federal government issued a disaster declaration through the Federal Emergency Management Agency (FEMA), which allows the IRS to extend filing and...
The World Trade Organisation (WTO) has published its World Trade Report 2026: A Critical Juncture for the World Trading System on 15 September 2026, examining the multilateral trading system at a critical juncture, where the WTO must adapt to a modern, multipolar global economy. The report outlines how the system’s past successes in fostering openness...
The Zambia Revenue Authority (ZRA) announced on 11 September 2026 that the Government had temporarily suspended customs duty on specified wheat imports under Statutory Instrument No. 65 of 2026. The measure was provided for under the Customs and Excise (Suspension) (Wheat) (No. 2) Regulations, 2026 and was deemed to have taken effect on 1 September...
India’s Finance Ministry has reduced the windfall gains tax on exports of petrol, diesel and aviation turbine fuel (ATF), with the revised levies taking effect from 16 September 2026. The export duty on diesel has been cut to INR 20 per litre from INR 25 per litre, while the levy on ATF exports has been...
Bulgaria’s National Assembly (parliament) is considering a Draft Law on Amendments and Supplements to the Corporate Income Taxation Act, which is meant to stimulate economic growth and industrial production by encouraging businesses to reinvest their profits into machinery and production equipment. The draft law, Ref. No. 52-654-01-132, was submitted on 10 September 2026 by Members...
Switzerland has added Benin, Burkina Faso, Dominica and Greenland to its list of jurisdictions for the exchange of Country-by-Country (CbC) reports, reporting fiscal years beginning on or after 1 January 2025. The supplement, published under RO 2026 473 on 8 September 2026, updates the scope of the Multilateral Competent Authority Agreement on the Exchange of...
Argentina’s Tax and Customs Collection and Control Agency (ARCA) has adjusted the collection mechanism for high-value instalments under payment plans, with the aim of streamlining procedures and reducing taxpayers’ administrative burden. The measure was formalised through General Resolution 5896/2026, which repeals and amends previous regulations, namely General Resolutions Nos. 5,279, 5,321, 5,525, 5,828 and 5,873....
The European Parliament approved on 16 September 2026 a major reform of the EU Customs Code that introduced stricter rules for e-commerce imports and established the new EU customs authority (EUCA). The reform will introduce a handling fee for each item bought from non-EU web shops and sent directly to EU consumers. The fee will...