Malaysia: Budget 2027 proposes MSME incentives, middle-income tax cuts, green investment measures

Thailand’s Revenue Department has prescribed the rules, procedures and conditions for income tax exemption on income equal to expenditure on certified high-efficiency machinery or equipment, or energy conservation materials or equipment, covering investments made between 3 March 2026 and 31 December 2028.

India withdrew the Integrated GST (IGST) exemption on gold, silver and platinum imports through banks and nominated agencies from 1 April, subjecting the shipments to a 3% levy. The change aimed to ensure equal tax treatment across precious metal import routes and increased working capital requirements for affected importers.

Germany’s Ministry of Finance published a draft bill on 30 September 2026 proposing new taxation rules for certain crypto-assets held as private assets, including a 25% flat rate on income and gains regardless of the holding period. The proposed withholding tax system would apply from 1 January 2028.

Switzerland has revised its list of partner states for the automatic exchange of information on financial accounts, with Curaçao now reciprocal.

The EU has removed Panama and Vietnam from its list of non-cooperative jurisdictions for tax purposes following reforms to their tax information exchange frameworks, while eight jurisdictions remain on Annex I.

Rwanda’s new rules allow eligible deposit-taking microfinance institutions to extend their 0% corporate income tax rate for five years, subject to six operational, financial and regulatory conditions and formal approval.