Sweden consults R&D tax incentives under Pillar Two, aligns with Side-by-Side Package

The IRS has released a new tax schedule allowing American workers to claim deductions on tips, overtime pay, car loan interest and an enhanced seniors benefit — key provisions of the One, Big, Beautiful Bill.

The European Commission has approved a EUR 1.1 billion French tax credit scheme to boost domestic manufacturing of clean technologies — including solar, wind, heat pumps and batteries — marking the eighth such approval under the Clean Industrial Deal State Aid Framework and pushing total unlocked support past EUR 10 billion.

Romania has enacted Emergency Ordinance No. 8/2026, a sweeping economic recovery package that introduces R&D tax credits, accelerated depreciation, and compliance bonuses for businesses alongside billions of euros in state aid for manufacturing, green technology, defence, and high-tech sectors, while strengthening public-private partnership infrastructure to drive large-scale strategic investment.

The law raises capital gains taxes, offers targeted relief for employees, investors, and charitable institutions, and introduces stricter compliance measures to modernise the country’s tax system.

Turkey’s Revenue Administration has issued a guide on Provisional Article 67 of the Income Tax Law, detailing how individual investors should declare and pay tax on stocks, bonds, deposits, and participation accounts, including withholding rules, exemptions, and the voluntary declaration process for 2025–2026.

AADE has issued Decision A.1046, introducing a method for input VAT deduction on immovable property used for both deductible and non-deductible activities. Taxpayers can now calculate VAT based on actual use, with applications submitted digitally and approval issued within 10 days. The decision applies from the tax year of application and may be retroactively applied to prior non-statute-barred years.