Italy: Revenue Agency issues regulatory guidelines for cross-border VAT exemption applicants
The Italian Revenue Agency, through the measure issued on 10 December 2025, has defined the procedures for verifying compliance by entities intending to apply the special cross-border VAT exemption regime. The measure follows the implementation,
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France strengthens transfer pricing rules under 2024 Finance Act
France has introduced new measures to reinforce the administration’s ability to detect and penalise abusive transfer pricing practices, following the publication of updates linked to Article 116 of Finance Act No. 2023-1322 of 29 December 2023 for
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France: Tax authority issues guidance on Pillar 2 global minimum tax
France’s tax authority has updated its guidance on the Pillar 2 global minimum tax to clarify reporting requirements under the complementary tax regime introduced in the 2024 Finance Law on 9 December 2025. The guidance highlights the release of
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Poland: Council of Ministers approves draft Crypto-Assets Market Act
Poland’s Council of Ministers has adopted the draft act on the crypto-assets market on 8 December 2025, which is identical to the draft legislation passed by the Sejm (lower house of the parliament) on 7 November 2025. The Act ensures the
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Cyprus: Tax Department clarifies bilateral agreement with US for exchange of CbC reports
The Cyprus Tax Department has issued a notice, on 25 November 2025, regarding the anticipated effective date of the agreement for the exchange of Country-by-Country (CbC) reports with the US and the related local filing requirements. The Tax
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Ireland: Irish Revenue clarifies VAT treatment of extended warranties
Ireland’s tax authority, Irish Revenue, has published a new Tax and Duty Manual (TDM) VAT Treatment of Extended Warranties (Revenue eBrief No. 232/25) on 8 December 2025 to provide guidance on the VAT treatment of Extended Warranties. This
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Croatia enacts DAC8, DAC9 requirements
Croatia has gazetted the Law on Amendments to the Act on Administrative Cooperation in the Field of Taxation on 3 December 2025. The law implements Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8) and Council Directive (EU) 2025/872 of
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Finland: Parliament approves amendments to business tax, asset valuation law
Finland’s parliament (Eduskunta) has approved Bill No. HE 125/2025 vp on 25 November 2025, introducing amendments to the Business Income Tax Act and the Valuation of Assets in Taxation Act, along with temporary changes to the Income Tax
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Belgium: SPF Finances announces importation of goods subject to CBAM from January 2026
Belgium’s tax authority (SPF Finances) announced, on 8 December 2025, that only importers holding a “carbon border adjustment mechanism (CBAM) declarant” authorisation will be permitted to import goods covered by the CBAM regulations. This
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Poland: Parliament adopts 2026 Budget Act, increases bank tax rates
Poland’s Ministry of Finance announced, on 5 December 2025, that the lower chamber of parliament (Sejm) had adopted the Budget Act for 2026, introducing wide-ranging tax changes set to reshape the country’s fiscal landscape next year. The
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Slovak Republic revises financial transaction tax law, exempts self-employed individuals
The National Council of the Slovak Republic has passed an amendment to Act No. 279/2024 Coll. on the Financial Transaction Tax (FTT), bringing several significant changes into effect on 1 January 2026. Sole traders or self-employed individuals
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Italy: Revenue Agency confirms VAT exemption for turnkey modular homes
The Italian Revenue Agency has clarified, on 5 December 2025, that fully finished modular homes, ready to be lived in and complete with utilities and finishes, are considered real estate and are generally exempt from VAT. VAT applies only if the
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Italy: Council of Ministers approves legislative decree to enforce DAC8
Italy’s Council of Ministers announced that it has approved the Legislative Decree implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226)(DAC8) on 4 December 2025. The new provisions align with the
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Luxembourg: Parliament approves tax treaty protocol with Vietnam
The Luxembourg parliament ratified a protocol updating the 1996 income and capital tax treaty with Vietnam on 2 December 2025. The Chamber of Deputies approved the protocol on 20 November 2025, following earlier approval by the Council of State
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Latvia: Parliament adopts 2026 state budget
Latvia’s parliament (Saeima) has adopted the 2026 State Budget on 4 December 2025. The 2026 State Budget focuses on strengthening security, supporting families, and advancing sustainability, cutting EUR 844.1 million in planned spending and
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France: Tax authorities clarify VAT rates for cultural, recreational, and educational activities
France’s tax authorities have issued detailed guidance on the application of value-added tax (VAT) to cultural, recreational, educational, and professional activities, including exhibitions, sites, installations, and associated services. The
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Germany: Bundestag approves tax amendment Act 2025
Germany’s lower house of the parliament (Bundestag) approved the draft Tax Amendment Act 2025 on 4 December 2025, which introduces tax relief measures for individuals and updates several technical provisions across existing tax legislation. Key
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France: Tax authorities issue second guidance on Pillar 2 global minimum tax
France’s tax authorities have released a second set of guidelines on 3 December 2025 covering the application of the Pillar 2 global minimum tax (GloBE) rules for multinational and large domestic groups. The new guidance provides clarifications
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