Saturday, September 19, 2026
Nigeria introduced a green tax surcharge on imported vehicles under its 2026 Fiscal Policy Measures, effective 1 July 2026. The Green Tax Surcharge imposes a 2% to 4% levy on imported high-engine vehicles. Collected by the Nigeria Customs Service, the surcharge aims to reduce carbon emissions, promote environmental sustainability, and encourage the importation of cleaner...
The Thailand Revenue Department has issued a guidance, on 7 July 2026, outlining the method that companies and juristic partnerships must use to convert foreign currency, foreign currency-denominated assets, and liabilities into Thai currency when calculating net profit subject to corporate income tax under Section 65 bis (5) of the Revenue Code. Companies or juristic...
Belgium’s Chamber of Deputies approved legislation introducing a range of personal income tax reforms on 9 July 2026. This legislation outlines a comprehensive reform of the Belgian personal income tax system, scheduled for implementation through 2030. The primary objective of the proposal is to increase purchasing power for low-income workers by gradually raising the tax-exempt...
Lithuania’s parliament has proposed amendments to the Law on Personal Income Tax (PIT) that would introduce a new Personal Income Tax (PIT) exemption for individuals investing in startups. If enacted, the measure will take effect on 1 January 2027 and apply when calculating and declaring income for the 2027 and subsequent tax periods. Proposed exemption...
Argentina’s tax authority (ARCA) announced the publication of General Resolution 5875/2026 on 14 July 2026, which allows for the regularisation of tax, customs, and social security debts that were due up to 30 June 2026, in up to 18 instalments with a financing rate of 2.75% per month. The programme does not waive interest or...
UK’s HM Revenue and Customs (HMRC) launched a consultation on Simplifying Treaty Relief from Withholding Tax on Interest Paid Overseas on 13 July 2026. This consultation details the current processes for obtaining treaty relief available under the UK’s network of Double Taxation Agreements in relation to the obligation to withhold amounts representing income tax from...
The Hong Kong Inland Revenue Department confirmed, in a circular letter on 14 July 2026, that the due date for 2025/26 Profits Tax returns with Accounting Date Code “D” (accounting dates from 1 to 31 December 2025) is extended from 17 August 2026 to 31 August 2026 for paper filing. The extended due date for...
Germany’s Federal Council (Bundesrat) approved the amendment of the regulation on the application of the minimum taxation law (Mindeststeuer-Bericht-Verordnung – MinStBV) on 10 July 2026. The measure expands the framework under the Minimum Tax Act (MinStG) by identifying jurisdictions that have implemented qualified minimum tax rules, while retaining provisions governing the automatic exchange of minimum...
The Australian Taxation Office (ATO) updated its guidance on 13 July 2026 regarding the eligibility requirements for research and development (R&D) activities undertaken by an R&D entity on behalf of an associated foreign corporation when claiming the R&D tax incentive. Under the incentive, eligible companies with an aggregated annual turnover of less than AUD 20...
Greece has enacted Law 5313/2026, published in Government Gazette A’ 102 on 25 June 2026, introducing a broad package of measures aimed at addressing the impact of the energy crisis, increasing disposable income and expanding housing support, while revising debt settlement rules, strengthening gambling regulation and implementing several tax-related changes. Housing and income support The...