Friday, October 09, 2026
The US Trade Representative (USTR) announced a formal public consultation for the 2027 USMCA Annual Joint Review on 2 October 2026, seeking written feedback and oral testimony from stakeholders on the trade agreement among the United States, Mexico, and Canada (USMCA). Submission requirements and deadlines The USTR established 12 January 2027 at 11:59 p.m. EST...
The Cyprus Taxation Department, in a release on 2 October 2026, announced a temporary reduction in value-added tax on basic food items and staples, effective from different dates through 31 May 2027. The decision follows Decree K.D.P. 354/2026, published in the Official Gazette of the Republic (Gazette III Part I, No. 6050, dated 30 September...
The Philippines and Singapore have completed negotiations on a modernised tax treaty on 25 September 2026, after four days of talks held in Singapore from 22 to 25 September 2026. The agreement replaces the original Double Taxation Agreement from 1977. This follows the Philippines’ beginning negotiations on 25 September 2025 to modernise its 1977 tax...
Poland’s Ministry of Finance and Economy has introduced another round of tax cuts on motor fuels on 2 October 2026. The latest tax round goes into effect on 3 October 2026. The reductions apply until 31 December 2026. The Value Added Tax (VAT) on petrol, diesel, and pure fuel biocomponents drops from 23% to 8%...
Romania has deposited its instrument of ratification for the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI) on 2 October 2026, according to an OECD update. Romania signed the STTR MLI on 19 September 2024. The convention provides a framework for implementing the Subject to Tax Rule...
Nigeria’s Federal Ministry of Finance has introduced new rules for calculating interest on unpaid taxes, linking the cost directly to market rates on 24 September 2026, according to an X post. The Nigeria Tax Administration (Interest on Late Payment of Tax) Order, 2026, takes effect on 1 October 2026 and applies across federal, state, and...
The Dominican Republic’s General Directorate of Internal Taxes (DGII) issued Resolution No. DDG-AR1-2026-00068 on 29 September 2026, setting indexed specific amounts for the Selective Consumption Tax (ISC) on cigarettes and alcoholic beverages for the fourth quarter of 2026. The revised amounts will apply from 1 October to 31 December 2026 under the indexation mechanism established...
Lithuania’s State Tax Inspectorate published draft commentary on 28 September 2026 explaining the personal income tax rules that apply from 2026. Dated 28 September 2026, it is available on the State Tax Inspectorate website: document one and document two. Under Article 6 of the Personal Income Tax Law (GPMĮ), general annual aggregated income is taxed...
France’s tax authorities issued ruling No. BOI-RES-TVA-000275 on 23 September 2026, confirming that intermediary transactions carried out by registered press-distribution intermediaries are excluded from the electronic invoicing obligation. Published by the French Directorate General of Public Finances, the ruling applies only to intermediation services covered by article 298 undecies of the CGI. Special VAT regime...
Bahrain’s National Bureau for Revenue (NBR) has issued revised editions of its VAT Registration Guide and VAT Deregistration Manual, dated 29 September 2026 and 28 September 2026 respectively. What the guides cover The VAT Registration Guide sets out the criteria and financial thresholds for mandatory and voluntary VAT registration, including requirements for non-residents and VAT...