EU parliament draft report calls for financial sector VAT reform to address market distortions
The European Parliament's Committee on Economic and Monetary Affairs has released a draft report on 2 February 2026 proposing a unified approach to taxing the EU's financial sector. The document places particular emphasis on revising the VAT
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Ireland: Large corporations to be considered for Phase One rollout of e-invoicing
Ireland’s Revenue confirmed on 10 February 2026 that the "large corporates" will be considered within scope for Phase One of VAT Modernisation programme. This announcement follows Revenue’s publication of VAT Modernisation: Implementation of
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Belgium amends advance RIR supplementary tax payments under Pillar 2 rules
Belgium’s Federal Public Service (SPF) Finance announced on 9 February 2026 that new procedures apply to advance payments of the Règle d'Inclusion du Revenu (RIR or Income Inclusion Rule) supplementary tax under the Pillar 2 minimum tax rules for
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Ireland: Irish Revenue updates RCT guidance in eBrief No. 032/26
Irish Revenue has released eBrief No. 032/26 on 4 February 2026, announcing updates to its Tax and Duty Manuals (TDMs) relating to Relevant Contracts Tax (RCT). RCT is a withholding tax that applies to specific payments made by principal contractors
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Portugal sets 2025 corporate municipal surcharge rates
Portugal’s Tax and Customs Authority has issued Circular Letter No. 20288/2026 on 2 February 2026, outlining municipal surcharge (derrama municipal) rates applicable to corporate taxable profits for the 2025 fiscal year. The circular specifies
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Italy rules energy community withholdings exempt from VAT
Italy's Revenue Agency has clarified on 9 February 2026 that funds withheld by Renewable Energy Communities (CERs) from member incentives fall outside VAT regulations and don't count as taxable revenue. According to the Response No. 22/2026, the
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Italy: Agricultural businesses with cadastral income can access special economic zone tax credit
Italy's Revenue Agency has clarified in Response No. 25 on 9 February 2026 that agricultural businesses that determine income from cadastral (land registry) records can access the tax credit for investments in the Single Special Economic Zone (ZES)
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Romania amends courier filing requirements to incorporate logistics tax
Romania has published Order no. 164/2026, which amends Order no. 1644/2022 in the Official Gazette No. 91 on 4 February 2026. The order revises the reporting requirements for cash-on-delivery shipments by postal service providers. The amendments
See MoreEU raises tariffs on Chinese ceramics to combat unfair trade
The EU has dramatically increased import duties on Chinese ceramic tableware and kitchenware to 79%, replacing the previous range of 13.1% to 36.1% that had been in effect since 2013. The European Commission justified the steep increase by citing
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Romania postpones RO e-Factura deadline for select taxpayers
Romania has pushed back the mandatory implementation of its RO e-Factura system for small and medium-sized enterprises to 1 July 2026. This extension provides businesses with lower annual revenues more time to get their systems ready for
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Italy finalises global minimum tax declaration form for multinational groups
Italy's Revenue Agency issued a directive on 6 February 2026, approving the annual declaration form for supplementary taxation under the Global Minimum Tax regime established by Legislative Decree no. 209/2023. The provision finalises the
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Estonia approves ratification of tax treaty with Andorra
Estonia has released legislation in its Official Gazette approving the ratification of the outstanding income and capital tax treaty with Andorra on 3 February 2025. Andorra and Estonia signed an income and capital tax treaty on 23 September
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France: Council of Ministers approves new income tax treaty with Cyprus
The French Council of Ministers approved the new income tax treaty with Cyprus on 28 January 2026. The treaty was signed on 11 December 2023. This treaty seeks to prevent double taxation and fiscal evasion between the two nations. The treaty
See MoreIreland: Irish Revenue updates guidance on main purpose tests
Irish Revenue has updated its guidance on main purpose tests, issuing eBrief No. 023/26 on 28 January 2026 to clarify the application of objective tests and introduce new guidance on a ‘reasonable to consider’ test. The revisions, effective
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Sweden: MoF initiates e-invoicing review
Sweden’s Ministry of Finance announced on 5 February that it will appoint a special investigator to evaluate how the upcoming VAT in the Digital Age (ViDA) requirements should be implemented in Swedish law. The Council Directive (EU) 2025/516
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Austria issues guidelines for minimum tax report filing
Austria has published the Ordinance titled “Regulation of the Federal Minister of Finance on implementing provisions for the Minimum Taxation Act (MinBestG Implementing Regulation)” on 30 December 2025. This regulation establishes the
See MoreItaly introduces optional tax risk, cooperative compliance regime for SMEs
Italy’s Revenue Agency has introduced a new optional regime on 3 February 2025, allowing companies that do not qualify for the cooperative compliance program to adopt a formal system for detecting, measuring, managing, and controlling tax
See MoreItaly issues unified VAT code, effective January 2027
Italy has released the new Consolidated VAT Code (Testo Unico IVA), which reorganises VAT legislation into a single framework. Published following Legislative Decree no. 10 of 19 January 2026, and approved by the Council of Ministers on 22
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