Thursday, October 29, 2026
Greece’s Ministry of National Economy and Finance submitted the draft state budget for 2027 to the Parliament on 5 October 2026. It projects economic growth of 2.3% next year, up from an estimated 2.0% in 2026. The draft includes tax cuts for farmers, parents, freelancers, businesses and property owners. The draft state budget was submitted...
The Norwegian Tax Directorate announced the issuance of Regulations on amendments to the Accounting Regulations on 29 September 2026 that transform how businesses handle invoicing and accounting records. The changes stem from Act No. 39 on amendments to the Accounting Act, which Parliament passed on 19 June 2026. These regulations introduce a phased rollout of...
The European Commission published a proposal on 1 October 2026 to amend Directive 2006/112/EC by extending two VAT anti-fraud measures: the optional reverse charge mechanism (RCM) for fraud-prone goods and services and the quick reaction mechanism (QRM). Through the amendment, the European Commission proposed to extend the expiration dates of the reverse charge mechanism and...
Finland’s Parliament is reviewing Government Proposal HE 227/2026 vp, part of the Government’s 2027 Budget package, which proposes a new exception to the country’s interest deduction restriction rules. This legislative change allows critical entities under the CER Directive to deduct otherwise non-deductible net interest expenses incurred from loans that finance long-term, supply-critical infrastructure projects. The...
Uzbekistan’s tax administration will undergo significant changes starting 1 January 2027, following Presidential Resolution No. PP-95 issued on 19 May 2026. The decree introduces faster VAT refund processes and new registration requirements for financial agreements. Faster VAT refunds for low-risk taxpayers The tax authorities will automatically refund excess input VAT and negative VAT differences to...
The US Internal Revenue Service (IRS) announced, on 30 September 2026, new tax relief for individuals and businesses impacted by the ongoing conflict in Israel. The agency is postponing tax filing and payment deadlines until 30 September 2027 for affected taxpayers in Israel, the West Bank, and Gaza. This relief covers actions that fall between...
Argentina’s tax authority (ARCA) announced, on 8 October 2026, that it extended the deadline for individuals to file 2025 income tax returns to 30 October 2026 under General Resolution 5911/2026, published in the Official Gazette. The extension follows ongoing discussions between the agency and professional associations representing the economic sciences sector to facilitate taxpayers’ compliance...
Belgium’s Federal Public Service Finance has announced on 30 September 2026 that the new BEPS13 LF XML creator tool is now operational. The tool enables users to generate XML files that comply with the new XSD schema 275.LF. Earlier, on 2 September 2026, it was announced that the draft XSD schema for the new Local...
The Italian tax authorities issued Circular No. 8/E on 6 October 2026, which provides systematic operational guidance on the Two-Year Preventive Composition Procedure (Concordato Preventivo Biennale, CPB). Originally introduced by Legislative Decree No. 13/2024, the CPB framework incorporates major statutory updates up to Legislative Decree No. 148 of 7 August 2026 and Decree-Law No. 38/2026....
The Dominican Republic has enacted Law 86-26 regulating games of chance and establishing the General Directorate of Games of Chance (DGJA). Promulgated on 22 September 2026 and published in Official Gazette No. 11263 on 2 October 2026, Law 86-26 establishes a unified legal and regulatory framework for games of chance in the Dominican Republic. It...