Belgium: SPF Finances introduces a three-month grace period for e-invoicing from January 2026
Belgium’s tax authority (SPF Finances) announced on 2 December 2025 that businesses subject to VAT will have a 3-month grace period to comply with the new electronic invoicing requirement. This rule, which officially takes effect on 1 January
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Bulgaria: Government withdraws 2026 draft budget law amid protests
Bulgaria’s government announced the withdrawal of its proposed 2026 State Budget, along with the draft Social Security and National Health Insurance budgets, after widespread protests against planned tax and social contribution increases on 2
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Lithuania: VMI updates guidance on input VAT deduction
Lithuania’s State Tax Inspectorate (VMI) has issued an updated commentary on the right to deduct input value added tax (VAT) under Article 57 of the Law on VAT, published on 28 November 2025. The revised guidance clarifies which taxpayers are
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Ireland: Irish Revenue updates guidance on anti-hybrid rules for partnerships
The Irish Revenue has issued eBrief No. 223/25, on 27 November 2025, on the country’s anti-hybrid rules, reflecting changes to the application of the associated enterprises test for partnerships. Tax and Duty Manual Part 35C-00-01 has been
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Ireland: Irish Revenue revises guidance on tax treatment of debt issuance costs, covering interest cap fees
Irish Revenue has issued eBrief No. 217/25 on 25 November 2025, updating the Tax and Duty Manual (TDM) Part 04-06-21 on the tax treatment of debt issuance costs, including interest cap fees. The update incorporates guidance on interest cap fees,
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Hungary consults overhaul of transfer pricing documentation rules
Hungary’s Ministry of National Economy announced, on 2 December 2025, that it is inviting feedback on a proposed overhaul of its transfer pricing documentation rules. The revision aims to clarify reporting requirements, expand the information
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Poland gazettes extended withholding tax exemption for foreign investment and pension funds law
Poland published the Act of 6 November 2025 amending the Corporate Income Tax Act in the Official Gazette on 28 November 2025. The Act aligns Polish tax rules with European Court of Justice rulings on the taxation of investment and pension
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Slovak Republic: Government announces tax amnesty from January 2026
The Slovak Republic government has announced a new tax amnesty program on 1 December 2025, which is set to take effect in January 2026, offering taxpayers the opportunity to settle outstanding debts without paying penalties or interest. The
See MorePoland gazettes law raising corporate income tax rate for banks
Poland has published the “Act of 6 November 2025 amending the Corporate Income Tax Act and the Act on the Tax on Certain Financial Institutions”, in the Official Gazette on 28 November 2025, raising the corporate income tax rate for
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Portugal: Parliament approves 2026 budget, lowers corporate tax rates
Portugal’s parliament has approved the new 2026 Budget Bill on 27 November 2025. The Bill will proceed to presidential promulgation, followed by the formal publication of the law. The main tax measures of the 2026 Budget Bill are the reduced
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Germany, Switzerland tax treaty amending protocol comes into effect
The Swiss State Secretariat for International Finance announced that the protocol amending the 1971 income and capital tax treaty with Germany came into force on 27 November 2025. The protocol, signed on 21 August 2023, updates the treaty to
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Ethiopia, Germany sign new development cooperation treaty
Ethiopia and Germany concluded high-level development cooperation talks in Berlin, signing a new treaty confirming continued German support for Ethiopia’s reform agenda. Germany committed EUR 106 million in bilateral sectoral funding, plus an
See MoreIreland: Revenue updates guidance on territorial scope of VAT Groups
Irish Revenue issued eBrief No. 216/25 on 19 November 2025, providing new and updated guidance on the territorial scope of VAT Groups. The updates aim to clarify how VAT Groups operate in Ireland and which entities can be included under
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Greece extends tax payment deadline after banking issues
The Greek Ministry of National Economy and Finance, together with the Independent Authority for Public Revenue (AADE), extended the payment deadline for all confirmed tax obligations and instalments to Monday, 1 December 2025. The ministry and
See MoreBulgaria: Parliament approves income tax treaty with Malta
Bulgaria’s parliament (National Assembly) has approved the Bulgaria-Malta income and capital tax treaty (2024) on 28 November 2025. The treaty aims to prevent double taxation and curb fiscal evasion on income and capital taxes between Bulgaria
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Cyprus extends filing deadlines for corporate and individual income tax returns for 2023, 2024
The Cyprus Tax Department, pursuant to Decisions K.D.P. 358/2025 and K.D.P. 359/2025, published an announcement on 28 November 2025 in the Official Gazette, the final deadline for the on-time submission of the company income tax return (T.F.4) and
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Sweden: Ministry of Finance proposes raising taxes on certain tobacco products
Sweden’s Ministry of Finance has proposed an increase in taxes on cigarettes, cigars, cigarillos, smoking tobacco, chewing tobacco, and other tobacco products by 3.5% above the standard indexation. This announcement was made on 27 November
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Cyprus: Tax department issues guidance on bilateral CbC reporting agreement with the US
The Cyprus Tax Department, in an announcement on 25 November 2025, clarified that all legal entities and their representatives are covered by the bilateral Competent Authority Agreement for the exchange of Country-by-Country (CbC) reports between
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