Thursday, October 29, 2026
Gellert Global Group, a US food importer, filed a lawsuit on 20 October 2026 to stop new tariffs on Canadian goods. The company argues that the duties are another attempt to use presidential tariff power that courts have already rejected. The case was filed in the US Court of International Trade in New York. The...
South Africa’s National Treasury has delivered the Medium-Term Budget Policy Statement (MTBPS) to Parliament on 21 October 2026. This package comprises three key amendment bills designed to implement the government’s tax policy, monetary indexation, and administrative adjustments announced in the 2026 budget: Taxation Laws Amendment Bill (B32—2026) Tax Administration Laws Amendment Bill (B33—2026) Rates and...
Chile’s tax administration, the Internal Revenue Service (SII) announced the implementation of the Substitute Single Tax for Final Taxes (IUSIF) on 21 October 2026, a temporary mechanism established under the National Reconstruction and Economic and Social Development Law. This optional tax regime gives businesses an eight-month window to settle historical, untaxed corporate profits. The key...
Bolivia’s tax authority, the National Tax Service (SIN) announced, on 21 October 2026, that companies that need to prove their tax residence or domicile for the agreements to avoid double taxation (CDI) can now do so online. They will have to enter the required details and send supporting documents to the Tax Administration through SIAT...
Chile published Law No. 21.850 in the Official Gazette on 17 October 2026, enacting a wide-ranging fiscal, regulatory, and economic package designed to promote post-disaster recovery, stimulate investment, and overhaul key tax and administrative frameworks. The key measures are as follows: Corporate income tax reductions The law introduces progressive reductions in First Category Corporate Income...
Poland’s Council of Ministers adopted a draft law on 20 October 2026 that postpones fines for errors linked to the National Electronic Invoicing System (KSeF) until 31 December 2027. The same bill extends the VAT reverse charge for gas, electricity and emission allowances until 30 June 2030. Penalties put on hold The decision responds to...
Switzerland’s Federal Council on 5 October 2026 recommended that voters approve a 0.4% rise in value added tax (VAT) to help fund the 13th pension under the Old-Age and Survivors’ Insurance (AVS). The proposal goes to a national vote on 29 November 2026. Cost of the 13th pension The 13th pension will be paid for...
France has ratified the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) under Pillar Two of the OECD/G20 Inclusive Framework’s Two-Pillar Solution, the French authorities confirmed. The approval was granted by Law No. 2026-963 of 19 October 2026, published in Official Journal No. 0245 on 20 October 2026. The Global Anti-Base...
Lithuania’s State Tax Inspectorate (VMI) under the Ministry of Finance has introduced additional reporting obligations for permanent residents using the investment account tax regime through Order No. VA-69, issued on 16 October 2026. The order amended the regulations governing the declaration of investment accounts and the reporting of personal income tax information, which were originally...
The UK HM Revenue & Customs (HMRC) has published a draft force of law notice setting default values for the UK carbon border adjustment mechanism (CBAM) on 16 October 2026. The default values let liable persons comply with CBAM when actual verified emissions data for imported goods is unavailable. They will be in force from...