Tuesday, February 03, 2026
Italy’s Revenue Agency issued the Circular No. 13 on 16 December 2025 on 17 December 2025, detailing the new cross-border exemption scheme for small businesses, introduced under Legislative Decree No. 180/2024, which implements changes to the EU VAT Directive. The scheme allows EU-established businesses to supply goods and services in other Member States without charging...
Poland’s Ministry of Finance announced, on 17 December 2025, that the Council of Ministers approved a draft bill to implement Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8) and Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). This follows the Ministry of Finance’s public consultation on Draft Bill No. UC110 on 25 July...
The Netherlands Senate approved the legislative proposals contained in the 2026 Tax Plan package on 16 December 2025. The measures will enter into force once they receive royal assent and are published in the Official Gazette. The Ministry of Finance has also released an overview of the key tax changes scheduled to take effect in...
The Egyptian Ministry of Finance announced a second tax facilitation package on 15 December 2025, aimed at simplifying tax procedures, expanding the tax base, and strengthening trust with taxpayers, investors, and the business community. The package addresses investor demands and reinforces partnership with taxpayers. The simplified and integrated tax system will continue to apply to...
The Netherlands Tax Administration has issued a guidance 15 December 2025 on calculating the amount of income inclusion top-up tax also known as the income inclusion rule (IIR), in the event of an internal transfer of a low-tax group entity between parent companies within the same group. Under Article 4.2 of the Minimum Tax Act...
The Australian Taxation Office (ATO) released new guidance on 17 December 2025 clarifying how Pillar 2 global minimum tax rules interact with tax consolidation for multinational enterprise (MNE) groups operating in Australia. Australian tax consolidated groups The Pillar 2 rules apply to multinational enterprise groups (MNE groups). They contain certain interactions with existing corporate income...
The Greek Parliament passed the 2026 budget on 16 December 2025. It now awaits to be published in the Official Gazette and will take effect from 1 January 2026. The budget introduces a broad package of tax reforms aimed at easing household costs and supporting economic growth. Central to the programme is a gradual increase...
India and France will make revisions to the 1992 income and capital tax treaty, introducing key changes aimed at reducing the tax burden on cross-border investments and modernising treaty rules. Under the proposed amending protocol, the withholding tax on dividends paid to French investors holding at least 10% of an Indian company’s capital would fall...
Portugal’s Council of Ministers approved the ratification of the new income and capital tax treaty with the UK on 11 December 2025. Portugal and the UK signed an income tax treaty on 15 September 2025. The agreement aims to prevent or reduce double taxation between the two countries. When in force, it will supersede the...
Ghana’s President John Dramani Mahama signed the COVID-19 Health Recovery Levy Repeal Act 2025 into law on 10 December 2025, ending the 1% levy on goods, services, and imports from January 2026. The repeal fulfills a key campaign promise, as the President had repeatedly described the tax as unfair and unnecessary, given that the pandemic...