Tuesday, February 03, 2026
The bill implementing the amendments to the domestic Pillar Two rules was published in the Official Gazette on 23 December 2025 (BGBl. I 353/2025) and entered into force on 24 December 2025. The bill updates the Minimum Tax Act and aligns various national tax laws with European Union directives. Its primary objective is to refine...
Iceland’s tax authority, the Revenue and Customs, has released the key rates and amounts for 2026, detailing changes to corporate tax, VAT, and personal income tax. The rate changes are as follows: Corporate tax rate changes Income tax at the general level (limited liability companies, private limited companies, etc.) 20% Income tax at the upper...
Poland’s Ministry of Finance (MoF) published updated FAQs in the sixth edition of the TPR Guide – Questions and Answers on 31 October 2025, providing clarification on 2024 transfer pricing reporting obligations. The updates address revised procedures for converting foreign currency amounts in transfer pricing information (TPR). The changes amend answers to questions 131 and...
The Netherlands has gazetted the End-of-year Decree 2025 on 23 December 2025, introducing a series of primarily technical amendments to several tax implementation decrees, mainly stemming from the 2026 Tax Plan and the 2026 Tax Collection Act. The Decree contains key amendments, including updates to the implementing decree for the Minimum Tax Act 2024 (Pillar...
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 contributions across specific industries, the budget focuses on updating income tax brackets, incentivising young professionals, and regulating new consumer products...
Germany’s Tax Amendment Act 2025 was officially published in the Government Gazette on 23 December 2025, providing tax relief measures for individuals and other technical amendments to various tax laws. Income tax: Increase in commuter allowance (distance lump sum) to 38 cents per kilometre from the first kilometre. Removal of the time limitation on the...
The Singapore Government has initiated a public consultation for the FY2026 Budget on 29 December 2025, inviting citizens to share their views and suggestions ahead of its delivery. Prime Minister and Minister for Finance, Lawrence Wong, will present the Budget Statement in Parliament on Thursday, 12 February 2026. Ahead of this, the public can provide...
France’s government has published Law No. 2025-1316 of 26 December 2025 in the Official Gazette on 27 December 2025, authorising the State to continue collecting existing taxes to ensure the uninterrupted functioning of government operations until the Finance Law for 2026 takes effect. The Law enumerates over EUR 45 billion in specific financial transfers allocated...
Portugal has extended the deadline for submitting the Registration Declaration (Modelo 62) under the Global Minimum Tax (GMT) regime. The extension is outlined in Order No. 158/2025 – XXV of 12 December 2025. The extension applies to entities whose fiscal years ended between 31 December 2024 and 31 March 2025. They can now submit the...
Belgium published the Royal Decree of 7 December 2025 in the Official Gazette on 19 December 2025, which repeals the previous Royal Decree of 16 June 2024 concerning transfer pricing documentation. Under the new decree, taxpayers are no longer required to attach full transfer pricing studies to the Local File (Form 275-LF). The update aligns...