Thursday, October 29, 2026
The Belgian Ministry of Finance confirmed that Japan’s 4% special corporate tax on defence, effective from 1 April 2026, falls within the scope of the Belgium–Japan Income Tax Treaty (2016). It was clarified in Circular 2026/C/80 published on 2 September 2026. Japan’s tax authorities have activated a new special tax targeting defence companies, effective 1...
The UAE’s tax authority, the Federal Tax Authority (FTA), in an announcement on 2 September 2026, has called on all taxable persons to file Corporate Tax returns and remit payment within nine months following the end of their tax period. Exempt persons required to register must submit annual declarations to the FTA within the same...
Germany’s Ministry of Finance has published the Draft Income Tax Reform Act 2027 (Einkommensteuerreformgesetz 2027), which was approved by the Federal Cabinet on 2 September 2026. The draft outlines a proposal from the German Federal Ministry of Finance for an income tax reform set to begin in 2027. This legislative initiative seeks to foster economic...
Ethiopia has issued the Electronic Invoicing System Administration Directive No. 1142/2026, establishing rules for electronic invoicing and the approval and operation of invoicing systems. Issued by the Minister of the Ministry of Revenues, Aynalem Nigussie Ali, the Directive aims to modernise tax administration, improve service delivery and prevent tax evasion. The Directive requires approved Sales...
The Inland Revenue Authority of Singapore (IRAS) has published two updated e-Tax guides on the GST Assistance Compliance Assurance Programme (ACAP), including revised guidance for businesses renewing their ACAP status and those applying for ACAP for the first time. The GST: Renewal of Assisted Compliance Assurance Programme (ACAP) Status (Seventh Edition), published on 1 September...
The UAE Federal Tax Authority (FTA) has issued VAT Public Clarification VATP045 – Concerned Goods – Tax Invoices and Input Tax Recovery on 26 August 2026, setting out the VAT treatment for Concerned Goods imported into the UAE on or before 31 December 2025. The clarification explains when Taxable Persons must account for Output Tax...
Bolivia’s National Tax Service (SIN) has extended the maximum period for taxpayers to access tax debt Payment Facilities from 30 to 60 months under Normative Ruling of the Board of Directors (RND) 102600000033. The measure implements Supreme Decree 5687 of 31 August 2026, which amended the Payment Facilities period established under Decree No. 27310 (Regulations...
Greece’s Ministry of Development has opened public consultation on 1 September 2026 on a draft bill proposing new incentives for foreign direct investment, including an income tax exemption for eligible investment projects. Under the proposed scheme, the income tax exemption would be calculated as a percentage of eligible expenditure and held as a tax-free reserve. The...
Bahrain’s National Bureau for Revenue (NBR) has issued the DMTT Computation Guide Version 1.0 on 23 August 2026, providing guidance on how in-scope Multinational Enterprise (MNE) Groups should calculate the 15% Domestic Minimum Top-up Tax (DMTT). The DMTT applies from 1 January 2025 to MNE Groups operating in Bahrain with consolidated group revenue of EUR...
Germany’s Federal Cabinet (Bundesregierung) has approved the draft income tax reform Act 2027 on 2 September 2026, proposing tax relief for individuals from 1 January 2027 alongside higher rates for high-income earners. The package would raise the basic personal allowance, child-related tax allowances and child benefit, increase the employee lump-sum deduction and adjust the income...