Portugal gazettes 2026 state budget law, updates income tax brackets
Portugal has gazetted the State Budget Law for 2026 (Law No. 73-A/2025) on 30 December 2025, introducing a series of fiscal recalibrations aimed at balancing social relief with targeted economic incentives. While maintaining several extraordinary
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Italy: Revenue agency clarifies eligibility for two VAT groups within a multinational group
The tax authorities clarified that a single EU holding company can indirectly include Italian entities in two separate VAT Groups when expanding in Italy through acquisitions and establishing a permanent presence. Italy’s tax authorities
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Chile proposes alternative VAT regime for fair sales
Chilean President Gabriel Boric proposed a new VAT regime for individuals selling at fairs to the Chamber of Deputies on 8 August 2024. The proposal was made through the bill Mensaje Presidencial 168-372. Fairs in Chile sell non-perishable food
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France releases updated VAT representative appointment template
The French tax authorities have released a revised letter BOI-LETTRE-000082 template for appointing VAT representatives on 7 August, 2024. This letter is used for appointing a VAT representative in France. The document, which should be on
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UAE clarifies VAT rules for performance of a director’s function by a natural person
The UAE Federal Tax Authority (FTA) issued VAT Public Clarification - VATP037 on 13 May, 2024, in which it provided clarification concerning changes in the treatment of the performance of a director's function by a natural person as a supply of
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Turkey extends VAT deadline for taxpayers liable for deductions
On 10 February 2024, Turkey’s Revenue Administration published the Tax Procedure Law Circular No. 164 of 10 February 2024. This circular extends the VAT return and payment deadline for taxpayers responsible for VAT deduction. Previously, taxpayers
See MoreTurkey: Draft Law 3065 amends VAT law
The Finance Minister, Naci Ağbal, has stated that a draft law, number 3065, revised the value-added tax (VAT) law and then it has been sent to parliament. The objective of the new draft bill is to support investments, production activities and
See MoreBulgaria: Amendments to VAT has been gazetted
The amendments to the Value Added Tax (VAT) Act has been published in the State Gazette on 6th December 2016. This amendments will be applicable from 1st January 2017. The most important amendments are summarized below: New rules for input VAT
See MoreUK: Review of VAT Grouping Provisions
A policy paper published on 14 January 2016 announced the launch of a review of VAT grouping provisions in the UK following the Larentia + Minerva and Marenave case and the Skandia case in the European Court of Justice (ECI). Currently the UK
See MoreGermany – VAT groups
The federal tax court of Germany (Bundesfinanzhof – BFH) has changed its position on the rules for organizational integration of companies into value added tax (VAT) groups. As per the BFH, a consequence of a “merger into a single taxpayer” as
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