Netherlands amends tax penalty rules to support Pillar Two, DAC8, DAC9 rollout

11 August, 2026

The Netherlands has gazetted Decision No. 2026-14582 of 30 July 2026, updating the Decree on Administrative Fines of the Tax and Customs Administration (BBBB) to introduce temporary penalty relief for...

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Egypt updates taxpayer bookkeeping rules, state-owned company profit transfers

11 August, 2026

Egypt has enacted three laws introducing a 100 departure levy, a 35 per tonne cement levy, new bookkeeping and temporary tax card rules, and profit transfer requirements for certain state-owned companies.

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Luxembourg: Administrative Court rules on transfer pricing treatment of debt restructuring

11 August, 2026

The Luxembourg Administrative Court has ruled that an intra-group debt restructuring must be assessed based on the economic circumstances and realistic alternatives available when the restructuring occurs, while contractual interest remains deductible on the nominal amount of debt despite an accounting or market-value reduction.

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Luxembourg: Tax Authorities remind taxpayers of Pillar Two filing obligations

11 August, 2026

Luxembourg’s tax authorities have reminded entities covered by the Pillar Two Law to complete their registration and supplementary tax filing obligations within the prescribed deadlines.

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Germany unveils action plan to increase detection, penalties for tax crime

11 August, 2026

Germany has unveiled an action plan to strengthen enforcement against tax and financial crime, including a new Joint Centre Against Tax and Financial Crime, AI-supported data analysis, higher penalties and the abolition of the current exemption from punishment for voluntary disclosure.

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Oman updates VAT regulations for mandatory e-invoicing

11 August, 2026

Oman will introduce mandatory electronic invoicing in two phases from April 2027, with the rollout based on taxpayers’ annual revenue and preceded by a voluntary pilot involving 100 selected companies.

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Greece publishes 2024 tax regime jurisdiction list

11 August, 2026

Greece has published its 2024 list of 42 jurisdictions classified as having preferential tax regimes, with the list unchanged from 2023 except for Gibraltar’s partial-year inclusion.

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Italy clarifies superbonus property capital gains rules for co-owners

11 August, 2026

The Italian Revenue Agency ruled in Response No. 158 that owners selling Superbonus-upgraded property cannot use co-owner construction costs to reduce their capital gain, confirming that tax relief under Articles 67–68 of the Income Tax Code applies only to the owner who actually financed the work. 

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Romania: ANAF tightens VAT reimbursement screening with expanded risk criteria

11 August, 2026

The Romanian tax authority has broadened the conditions triggering additional scrutiny of VAT returns showing negative amounts, moving beyond Article 169(4)(a)–(c) of Law No. 207/2015 (Fiscal Procedure Code) to capture additional high-risk reimbursement scenarios. The shift reflects growing concern over fraudulent claims consuming budget resources. 

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Nigeria: NRS issues new guidelines on capital gains taxation, VAT refund claims

11 August, 2026

The Nigeria Revenue Service published three guidelines on 29 June 2026 implementing the Nigeria Tax Act 2025: appointed agents must remit withheld VAT to the NRS by the 14th of the following month; chargeable gains are taxed at standard corporate rates (0% or 30%) instead of 10%, effective 1 January 2026; VAT refunds must be claimed within 12 months, non-VAT within six years, with false claims penalised at 100% and 50% respectively.

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