Norway: MoF consults Pillar Two Side-by-Side Package implementation

Italy's tax authority has rejected two common strategies for reducing gift tax on business transfers to children, ruling that formal ownership or voting rights alone do not qualify for exemption. The decisions reinforce a single, unforgiving requirement: the next generation must gain genuine control and management of the company, or face full taxation.

Germany faces EU infringement action over tax rules that claw back SME investment deductions when assets are moved to operations in other EU or EEA countries — a restriction the Commission says unlawfully penalises cross-border activity and undermines freedom of establishment across the Internal Market.

The European Commission has opened an infringement procedure against Poland over its incorrect transposition of DAC7, finding that Poland unlawfully exempts foreign platform operators from EU registration and reporting obligations based solely on an agreement signed with Poland — rather than with all relevant Member States as the Directive requires. 

The Australian Taxation Office has reminded taxpayers that income earned through digital platforms — from ride-sharing and short-term rentals to freelance services — must be manually declared in tax returns, as platform-reported data does not automatically pre-fill.

The South African Revenue Service (SARS) has increased the official rate of interest used to calculate the taxable value of interest-free and low-interest loans from 7.75% to 8.00%, effective 1 June 2026. The adjustment follows changes in the Reserve Bank’s repo rate and will affect the taxation of certain employee-related debt arrangements.

Portugal has enacted Law No. 26/2026, introducing new reporting obligations for crypto-asset service providers and establishing procedures for the exchange of global minimum tax information. The legislation implements the EU’s DAC8 and DAC9 directives, aligning Portugal with OECD standards on crypto-asset reporting and international tax transparency.