European Parliament updates analysis on economic impact of US tariffs on the EU

Hungary's tax authority will deploy AI-powered systems to detect fraudulent companies before they file returns, targeting high-risk sectors while maintaining supportive measures for compliant businesses following over 132,000 inspections in 2025.  

The Hong Kong SAR government has proposed sweeping enhancements to its preferential tax regimes for funds, family office investment vehicles, and carried interest — broadening qualifying investments, relaxing eligibility criteria, and introducing "fund-of-one" structures — as it seeks to cement its position as a leading global hub for asset and wealth management. 

Hong Kong's Inland Revenue Department has ruled that a gain from the sale of a majority equity stake held since 2018 qualifies as a non-taxable capital gain, confirming that the territory's participation exemption regime shields long-term investment disposals from profits tax where the relevant equity holding conditions are met.

The IRS has released its annual Dirty Dozen list of tax scams for 2026, warning that fraudsters are increasingly exploiting AI, social media, and fake charities to steal money and personal data — with a new entry targeting fabricated investment fund claims added to the list for the first time. 

Small-scale business owners whose operations are interrupted by heavy rain or other natural disasters may apply for tax relief on disaster-related losses, the Central Region National Taxation Bureau of the Ministry of Finance has said. 

Irish Revenue has published eBrief No. 043/26 announcing updates to the Employers’ Guide to Pay As You Earn (PAYE), reflecting revisions to multiple chapters of the guidance.