Saturday, September 19, 2026
India’s Finance Ministry recalibrated its windfall gains tax on fuel exports through a revised notification on 1 July 2026, signalling a shift in its fiscal approach to petroleum product shipments. The adjustments, which took effect on 1 July 2026, reflect the government’s ongoing efforts to calibrate export incentives against domestic supply concerns. Petrol levy climbs,...
Nigeria’s federal government has unveiled sweeping tariff restructuring and environmental tax measures set to commence on 1 July 2026, according to the 2026 Fiscal Policy Measures (FPM) circular issued by Minister of Finance Wale Edun. The reforms span 127 tariff lines and introduce a green excise regime alongside significant import duty reductions across multiple sectors....
Greece’s tax authority (AADE) published two administrative guidance documents for taxpayers subject to Pillar Two global minimum tax requirements under Bill 5100/2024. Decision A.1131/2026 establishes the complete filing and information exchange framework for the Top-Up Tax Information Return (GIR), whilst an accompanying Q&A document provides clarification on specific technical and procedural questions arising from GIR...
Belarus has introduced new tax incentives to promote the robotisation of its economy under Edict No. 198 of 17 June 2026. Legal entities implementing robotics are eligible for the following tax incentives: Key tax incentives Depreciation: Companies can apply a 150% depreciation rate for profit tax calculations on robotics acquired on or after 1 January...
Japan’s Ministry of Foreign Affairs has announced that the new income tax treaty with Kyrgyzstan will enter into force on 26 July 2026. Signed on 19 December 2025, the treaty replaces the 1986 tax treaty between Japan and the former Soviet Union in its application to Japan and Kyrgyzstan. The treaty applies to Kyrgyz tax...
The Austrian Council of Ministers, at its meeting on 1 July 2026, gave approval for the signing of the sixth protocol amending the 1974 income and capital tax treaty with Switzerland. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. It approved proposals covering foreign affairs, including an amending protocol...
The Government of Kazakhstan has adopted Government Decree No. 542, signed on 24 June 2026, introducing amendments to two existing regulations governing Value Added Tax (VAT) treatment for medical services, medicines and pharmaceutical products. The decree updates Government Decrees No. 1203 and No. 1204 of 2025, expanding VAT exemptions, revising the list of goods eligible...
The OECD has published a working paper examining Investment tax incentives in Latin America and the Caribbean on 30 June 2026. The study covers Argentina, Brazil, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Paraguay, Peru and Uruguay. It compares corporate income tax (CIT) incentives using a standardised classification and forward-looking effective average tax...
Austria’s Budget Measures Act 2026 (Budgetmaßnahmengesetz 2026) entered into force on 1 July 2026 after being published in the Official Gazette (BGBl. I 43/2026) on 30 June. The legislation amends a range of federal laws with measures intended to promote tax fairness, combat tax fraud, reduce the tax burden on workers and simplify administrative procedures....
The OECD has announced on 30 June 2026 the release of the report Revenue Statistics in Asia and the Pacific 2026. Revenue Statistics in Asia and the Pacific 2026 presents detailed, internationally comparable data on public revenues in the Asia-Pacific region up to 2024. The publication finds that tax revenues rose as a share of...