Tuesday, March 17, 2026
UK’s HM Revenue & Customs (HMRC) published draft guidance on 10 December 2025 setting out the framework for the advance tax certainty service, due to formally launch in July 2026. The guidance reflects the position during the first year of the policy and is subject to change in line with the parliamentary process of the...
The EU’s Economic and Financial Affairs Council (ECOFIN) met in Brussels on 12 December 2025, where EU finance ministers discussed financial market integration, simpler regulation, and economic governance. At the ECOFIN meeting, EU finance ministers agreed to abolish the customs duty exemption for e-commerce shipments valued under EUR 150. In its place, the EU will...
The Turkish government has revised exemptions under the upcoming individual income tax (IIT) real taxation regime through Presidential Decision No. 10679, published on 11 December 2025. The change updates population thresholds for settlements that were previously covered by Presidential Decision No. 10380. Under the earlier 2025 decision, businesses in districts within metropolitan municipalities had to...
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...