Thursday, October 29, 2026
Finland’s government has announced the 2027 budget proposal, on 1 September 2026, with the intention to stimulate the economy through targeted tax cuts for low- and middle-income earners and a significant reduction in the corporate tax rate to 18%. The budget’s key tax measures are: Corporate and entrepreneurial taxation Lower corporate tax rate: The corporate...
Hungary’s National Tax and Customs Administration (NAV) has published a new eVAT Tool on its website from July 2026 to help businesses shift towards mandatory digital VAT reporting, ahead of the eVAT system becoming compulsory from 1 January 2027. The software bridges Excel-based VAT records with NAV’s machine-to-machine (M2M) upload interface, allowing users to load,...
The UAE will introduce a minimum excise price of AED 1 per millilitre for liquids used in electronic smoking devices and tools from 1 September 2026, under Cabinet Decision No. 137 of 2026. Issued on 24 July 2026, the decision applies to such liquids whether or not they contain nicotine. Their excise price will continue...
The Saudi Arabian Council of Ministers authorised the signing of an income and capital tax treaty with Argentina on 1 September 2026. The proposed agreement aims to provide for the avoidance of double taxation with respect to taxes on income and capital, helping establish rules for the tax treatment of cross-border income and capital. It...
The UK-Vietnam Agreement on Cooperation and Mutual Administrative Assistance in Customs Matters, signed on 29 October 2025, entered into force on 1 July 2026. The agreement provides a framework for customs authorities to exchange information, prevent customs offences, enforce intellectual property rights and improve trade facilitation. It covers mutual assistance on request and spontaneous information...
Vietnam’s National Assembly has adopted a resolution cutting personal income tax and corporate income tax by 30% for eligible individuals and enterprises during the 2026 and 2027 tax periods. The 16th National Assembly passed Resolution No. 43/2026/QH16 at its First Extraordinary Session on 24 August 2026, and the measure took effect the same day. Under...
Taiwan’s National Taxation Bureau of Kaohsiung, operating under the Ministry of Finance, has stated that property donated by individuals to educational, cultural, public welfare, charitable, religious organisations and ancestral worship associations may be excluded from the aggregate amount of gifts only when the recipient is a foundation duly registered as a legal entity and meets...
Taiwan’s National Taxation Bureau of Taipei has reminded taxpayers that those facing administrative enforcement over unpaid taxes may apply for instalment payments if they are unable to pay the full amount due. The measure applies to overdue tax cases transferred for enforcement. Taxpayers who cannot settle their tax liabilities because of financial difficulties or significant...
Austria’s Federal Minister of Economy, Energy and Tourism announced on 31 August 2026 that the temporary reduction of the mineral oil tax on petrol and diesel fuel will be extended until 30 September 2026. The mineral oil tax will remain reduced by EUR 0.019 per litre through the end of September. The price reduction guarantee...
Zimbabwe has formally deposited its instrument of ratification for the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 protocol, according to an update released by the Organisation for Economic Co-operation and Development (OECD). The ratification instrument was officially deposited on 31 August 2026. Following the standard procedural...