Tax - International

Poland's Cabinet has approved draft legislation to extend penalty relief for electronic invoicing errors and extend the use of the VAT reverse charge mechanism to prevent fraud. The legislation would defer until the end of 2027 the application of pen...

On October 19, 2026, the Irish Government published the Finance (No. 2) Bill 2026 , providing for the numerous tax reform measures announced in the Government's latest Budget. The Government has released an explanatory memorandum of the 242-page bill...

On October 20, 2026, the OECD issued a revised user guide on the GloBE Information Return (GIR) XML Schema. The revised GIR XML Schema and User Guide reflect recent 2026 revisions to the GIR following the adoption of the Side-by-Side Package by the O...

The Dutch Government has enacted legislation on the implementation of reforms from the EU VAT in the Digital Age (VIDA) package, which will take effect from January 1, 2027. In particular, the legislation provides for the implementation of VIDA's Sin...

Ahead of implementation of the UK's Carbon Border Adjustment Mechanism, UK authorities have issued a draft Notice to support taxpayers to calculate liability under the regime starting January 1, 2027. Under the UK's CBAM, imports of iron, steel, alum...

The OECD has released its annual report on jurisdictions' compliance with the BEPS minimum standard on country-by-country reporting under BEPS Action 13. The OECD has released the annual compilation of peer review assessments undertaken in the previo...

The Global Forum Secretariat and the Asian Development Bank (ADB) delivered a three-day workshop on October 13–, 2026, to strengthen Kyrgyzstan's understanding of the Standard on transparency and exchange of information on request (EOIR) and the Cryp...

Chile's tax authority has outlined a series of supports for property owners significantly impacted by fires, floods, earthquakes, storms, or other catastrophes. The tax agency has committed to supporting property owners affected by natural disasters ...

The South African Revenue Service has urged non-provisional taxpayers with outstanding returns to file by October 23, 2026, to avoid penalties. In a statement issued on October 22, 2026, the agency noted the impending end to the 2026 Filing Season, u...

Bangladesh-Kenya Negotiations Bangladesh and Kenya on October 14, 2026, agreed to expedite negotiations on a first DTA. Estonia-UK Legislation The Estonian Government on October 15, 2026, approved legislation to ratify a replacement DTA with the Unit...

Hungary's Prime Minister, Peter Magyar, set out his plans to create a "just, developing, and humane country, instead of a country tailored to the privileged," in his address to parliament on the 2027 Budget. The 2027 Budget provides for a reduction t...

The Inland Revenue Authority of Singapore has issued a statement highlighting improvements to corporate income tax filing, with the November 30, 2026, deadline approaching. The agency has announced new and enhanced digital tools. IRAS has launched a ...

The South African Revenue Service has updated its guidance concerning overseas payments of Global Minimum Tax. The SARS Payment Guide has been updated to include Investec Bank as the designated banking institution for the processing of Global Minimum...

Legislation was published in France's Official Gazette on October 20, 2026, on the ratification of the Multilateral Competent Authority Agreement on the exchange of GloBE information (GIR MCAA). The GIR MCAA is based on the Convention on Mutual Admin...

Hong Kong's Inland Revenue Department (IRD) has extended the deadline for the filing of certain profits tax returns. The circular concerns the block extension scheme for lodgment of 2025/26 returns, which is available to tax representatives. The tax ...

Norway's Ministry of Finance has proposed the repeal of the Petroleum Tax Act and its amalgamation with existing law. The Petroleum Tax Act was passed in 1975 and has been amended many times over the years. The Ministry said, "Over time, the structur...

The New Zealand Inland Revenue Department has released a new draft interpretation statement , which explains how income tax applies to persons who undertake forestry activities (including those who derive income from sales of timber). The guidance di...

The Belgian tax authority has released a compendium of guidance on international and domestic policy responses to tax havens. The guidance discusses transactions with no- or low-tax territories and with territories that do not participate in internat...

The UK tax authority, HM Revenue and Customs, has been urged to improve supports for taxpayers being added to the scope of Making Tax Digital for Income Tax. The Low Incomes Tax Reform Group (LITRG), an advocacy body that is part of the Chartered Ins...

The UAE's Ministry of Finance has issued Ministerial Decision No. 197 of 2026, amending Ministerial Decision No. 243 of 2025 on the Electronic Invoicing System. The amendments, which are effective from October 1, are intended to clarify requirements ...

The European Commission has released for consultation a proposal for a regulation to further digitalize the coordination of social security systems in Europe. The proposal aims to make access to social security services quicker and simpler across bor...

A new free trade agreement between India and New Zealand entered into force on October 20, 2026. New Zealand's Government said the deal removes tariffs on almost 57 percent of New Zealand exports immediately, with this figure to rise to 82 percent ov...

The Danish Business Authority has recently announced that many businesses will be automatically signed up to begin issuing electronic invoices, albeit voluntarily, from March 1. A recently adopted executive order introduces an obligation on providers...

The European Commission has issued a draft Commission Delegated Decision for consultation that would enable Sweden to apply the EU Emissions Trading Scheme (ETS) more broadly. The Decision would enable Sweden to unilaterally extend the scope of the E...

The New Zealand Inland Revenue Department has released draft guidance on the income tax loss carry forward rules that apply in the event of an "ownership continuity breach". The guidance has been released in the form of a question we've been asked (Q...

On October 14, 2026, the US Internal Revenue Service announced relief measures for taxpayers affected by Hurricane Isaias and Super Typhoon Bavi, and taxpayers affected elsewhere in the country by severe storms and flooding events. In particular, the...

The New Zealand Inland Revenue Department has issued a draft interpretation statement on the GST rules for supplies of residences and other real property. The interpretation statement considers how Sections 5(15)-(16C) of the Goods and Services Tax A...

The Irish Revenue has updated its stamp duty guidance on Consanguinity relief, provided for transfers between related parties. Schedule 1 to the Stamp Duties Consolidation Act 1999 specifies the rates of Stamp Duty that apply in relation to each inst...

The Finnish Government has tabled draft legislation in parliament to extend the tax credit for clean energy investments into 2027 and 2028. The credit was first introduced from 2025. Under the measure, up to 20 percent of eligible expenditure may be ...

On October 18, 2026, the European Free Trade Association (EFTA) and Vietnam signed a comprehensive free trade agreement. Upon entry into force of the FTA, the EFTA states – Iceland, Liechtenstein, Norway, and Switzerland – have committed to maintaini...

On October 15, 2026, Pakistan's Federal Board of Revenue announced an extension to the deadline for filing 2026 tax year income tax returns. The deadline has been further extended to October 31, 2026, for individuals and associations of persons who w...

Cyprus's Cabinet on October 16, 2026, approved an extension to the zero rate of value-added tax on basic foodstuffs. The measure provides that the zero rate of value-added tax will apply from January 1 to December 31, 2027, to: Baby milk, both in liq...

The Australian Government has launched a consultation on draft legislation to improve tax transparency for crypto assets. The draft legislation provides a framework to introduce the OECD Crypto-Asset Reporting Framework into Australian law. The CARF ...

The New Zealand Inland Revenue Department has released a draft interpretation statement on the goods and services tax compulsory zero-rating of land rules. Where a supply between two registered persons wholly or partly consists of land, the compulsor...

The Australian Taxation Office issued a reminder on October 19, 2026, of the imminent personal income tax return deadline. Taxpayers who are lodging their own return have until 11:59pm local time November 2, 2026, to submit their 2025– individual inc...

The Dutch tax authority has announced it has made changes to its online portal to enable corporate income taxpayers to better establish their current income tax position. Taxpayers can newly view their provisional assessments, final assessments, and ...

The European Commission has signed an Association Agreement with Andorra and San Marino. The Commission said the Association Agreements bring both jurisdictions closer to the EU and establish a clear and comprehensive framework for deeper economic an...

The Hong Kong Government tabled in parliament the Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 on October 16, 2026. The legislation would relax the tax deduction arrangements for relevant capital expendi...

The European Court of Justice on October 15, 2026, issued a ruling clarifying the conditions for determining the domicile for tax purposes of officials and other servants of the European Union. "A", a member of staff of the European Investment Bank (...

The Australian Government has tabled the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 to implement the core components of the minimum tax on discretionary trusts announced in the 2026– Budget. Australia now has over one million trusts, of whi...

An advocate general of the European Court of Justice has issued an opinion on whether a taxpayer may compel a Financial Intelligence Unit to provide details of information received on them from foreign authorities or financial institutions under inte...

Germany's Federal Cabinet has approved a draft regulation on the introduction of a tax on sugary drinks. Revenue from the levy would be used to keep contributions to statutory health insurance stable. The German Bundestag, the lower house of parliame...

HM Revenue and Customs has issued guidelines to clarify UK VAT rules for UK and overseas businesses involved in crypto-asset transactions. The guidance is intended for businesses that sell or exchange cryptoassets and businesses that offer platforms ...

Austria's lower house of parliament, the National Council, has approved legislation on the ratification of double tax agreement Protocols with Andorra and Switzerland. The DTA Protocol between Austria and Switzerland governs changes to their existing...

New Zealand's Government has announced it will reduce Border Processing Levy rates for cruise ship passengers from July 1, 2027. Cruise passengers will see a net reduction of NZD19.91 per person through combined arrival and departure levy rate change...

Authorities in Bermuda have issued the Tax Credits (Administrative) Regulations 2026 . The Regulations provide rules regarding registration and eligibility for credits under the Tax Credits Act. The Tax Credits Act 2025 introduced new incentives to p...