Monday, April 27, 2026
Irish Revenue has issued eBrief No. 230/25 on 5 December 2025, providing updated guidance for taxpayers on renewing or extending tax rulings (opinions/confirmations) issued in 2020. Tax and Duty Manual Part 37-00-41, “Review of Opinions or Confirmations,” has been revised to guide taxpayers who wish to continue relying on a Revenue opinion or confirmation issued...
Greece has passed Law 5246/2025, “Tax Reform for Demographics and the Middle Class – Support Measures for Society and the Economy”, following parliamentary approval on 7 November 2025. The law introduces broad tax reforms, including incentives for strategic sectors, personal income tax changes, VAT adjustments, and measures to support small municipalities and border regions. A...
Lithuania’s State Tax Inspectorate published draft rules under Order VA-119 requiring crypto-asset service providers to report user data in line with the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8) on 10 December 2025. The draft sets obligations for providers and operators to identify reportable users, carry out due diligence, register with the...
Hungary has enacted several significant tax measures through legislative acts to reduce administrative burdens, promote business investment, and align domestic rules with EU directives. The measures are scheduled to take effect in 2026 unless otherwise specified. Corporate Income Tax and Investment Incentives Environmental and Development Allowances The autumn package introduces new tax allowances to incentivise...
The US will introduce new tariffs on selected Nicaraguan imports starting 1 January 2026, citing ongoing labour and human rights issues. According to the US Trade Representative (USTR), the duties will be phased in gradually, rising to 10% in 2026 and 15% in 2028. The tariffs will apply to products not covered by the DR-CAFTA...
Italy is preparing several new tax measures to boost revenue and protect local industries. A EUR 2 levy on small non-EU parcels, aimed at platforms like Shein and Temu, will apply to packages worth up to EUR 150 and is expected to raise over EUR 120 million next year. This follows Italy’s plan to introduce...
Austria’s National Council (Nationalrat) approved the Tax Amendment Act 2025 (Abgabenänderungsgesetz 2025) on 10 December 2025, introducing extensive changes across federal tax and administrative laws. The legislation amends a wide range of statutes, including the: Income Tax Act 1988, Corporation Tax Act 1988, Minimum Taxation Act, Value Added Tax Act 1994, Real Estate Transfer Tax...
The US will reduce tariffs on Swiss goods from 39% to 15% under a new trade framework, the Swiss government announced today. The agreement also includes a commitment by Swiss companies to invest USD 200 billion in the US by 2028. The framework involves Switzerland, the US, and Liechtenstein, with full trade deal negotiations expected...
Mexico’s Senate has approved tariffs of up to 50% on more than 1,400 products from countries without free trade agreements, including China, India, South Korea, Thailand, and Indonesia. The increases, effective 1 January 2026, target goods such as automobiles, auto parts, textiles, apparel, steel, plastics, footwear, and appliances, with most products facing duties up to...
The Slovak Republic Parliament approved a draft law on 9 December 2025, introducing measures to tackle tax evasion, close the VAT gap, and implement the EU Directive 2025/516 on VAT in the digital era (ViDA). The law establishes mandatory electronic invoicing and digital reporting requirements, which will be rolled out in two stages. Mandatory Electronic...