Tuesday, February 03, 2026
The Dutch Tax Administration has confirmed that corporate income tax expenses or benefits relating to pre-Pillar Two financial years must be corrected when calculating adjusted covered taxes under the Minimum Tax Act 2024 (Wet minimumbelasting 2024; WMB 2024), even if those amounts are recognised after the law entered into force. The clarification was published on...
The Turkish Revenue Administration finalised the implementation rules for the Pillar 2 Global Minimum Tax (GMT) and submitted the General Communiqué to the Presidency for signature and publication. This announcement was made on 12 December 2025. The rules, approved under Law No. 7524, introduce a domestic minimum top-up tax, an income inclusion rule (IIR), and...
Thousands of people across Italy joined a nationwide strike on 12 December 2025, organised by Italy’s main union, CGIL (Italian General Confederation of Labour), to oppose the government’s proposed 2026 budget. The protest comes ahead of parliamentary debates scheduled for next week, with the budget required to receive final approval before the end of the...
Italy’s Revenue Agency issued two rulings on 11 December 2025 to clarify when the reduced 10% VAT rate may be applied in the areas of municipal waste services and construction of buildings used for educational purposes. Waste-Management Services and TARI Administration In Ruling No. 310, the Agency confirmed that only operational waste-management activities such as...
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...