EU: Trade Commissioner releases 2025 annual report on policy simplification, implementation, enforcement progress
The report covers progress on simplification, implementation, and enforcement made in the field of trade, customs, and economic security, as well as in the remit of the Publications Office of the European Union during the period 1 January – 31
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Belgium releases comprehensive Pillar 2 global minimum tax guidance
Belgium has released comprehensive administrative guidance on the 2023 law introducing a minimum tax for large multinational and domestic groups, aligning with OECD/G20 BEPS 2.0 Pillar Two rules and detailing definitions, calculation methods,
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Slovak Republic: Parliament passes legislation to enact DAC9, Pillar 2 administrative guidance
DAC9 introduces new rules for sharing top-up tax information and filing obligations under the Pillar 2 GMT Directive (Directive (EU) 2022/2523). The Slovak Parliament approved a draft bill to implement Council Directive (EU) 2025/872 of 14 April
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Austria: MOF consults 2025 tax reform, proposes updates to Pillar 2 rules
Draft bill introduces income tax inflation adjustments and updates to global minimum tax rules, with consultation open until 3 November 2025. The Austrian Ministry of Finance (MOF) has released the draft Tax Amendment Act 2025
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Lithuania: VMI launches automated excise tax declaration wizard
From 1 September, the system transferred data automatically, simplifying declarations and reducing manual input. Lithuania’s State Tax Inspectorate (VMI) has introduced a new wizard system for submitting excise tax declarations. The tool
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Netherlands: MoF consults on tax measures for cross-border transactions
The consultation ends on 1 December 2025. The Netherlands Ministry of Finance initiated a public consultation on 20 October 2025 on a draft legislation outlining tax-related accompanying measures for cross-border transactions. The proposed
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Poland: MoF announces amendments to sugar, gaming tax
The proposed law aims to raise the sugar tax on sweetened and energy drinks and increase the flat-rate income tax on contest and lottery winnings from 10% to 15%. Poland's government has announced a draft law regarding changes to the Public
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Hungary: NAV publishes final QDMTT advance payment form on ONYA platformÂ
The 24GLBADO form is required for reporting and paying the QDMTT advance under the country’s implementation of Pillar 2 global minimum tax rules. Hungary's National Tax and Customs Administration (NAV) has published the 24GLBADO form on the
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Italy: MoF releases 2026 VAT split-payment company lists
Under the split-payment system, buyers pay suppliers only the taxable amount, while the VAT portion is transferred directly to a designated VAT account. Italy's Department of Finance has released updated lists of companies required to comply with
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Bulgaria: Council of Ministers approves CRS MCAA addendum to include crypto-asset reporting
Bulgaria approved the CRS MCAA Addendum on 21 October 2025, expanding reporting to include crypto-assets under the OECD’s CARF, with exchanges set to begin by 2027. The Bulgarian Council of Ministers approved the Addendum to the 2024
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Hungary: Parliament reviews Autumn Tax Package measures
Hungary’s draft autumn tax package, presented on 14 October 2025, proposes adjustments across corporate, VAT, insurance, retail, and advertisement taxes—including R&D incentives, global minimum tax compliance, reduced VAT on beef,
See MoreHungary: Government presents DAC8, DAC9 implementation bill to parliamentÂ
The legislation aims to align Hungarian law with EU directives by regulating crypto-asset reporting and implementing global minimum tax rules. Hungary’s government has presented Bill No. T/12802 on the implementation of DAC8 and DAC9 in the
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EU officially issues regulation to streamline, enhance the carbon border adjustment mechanism (CBAM)
The amended Regulation is the final step in the formal adoption process, signed by the European Parliament and the Council and a key step towards fostering a more competitive and sustainable business environment while effectively addressing climate
See MoreItaly: Council of Ministers approves 2026 draft state budget, multi-year budget for 2026-28
Italy's 2026 draft budget introduces a new three-year tax credit for businesses in SEZs, extends plastic and sugar tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s Council of
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Poland: Parliament approves increased corporate taxes on financial institutions
Poland raised bank corporate tax rates from 2026 and gradually lowered the bank tax for other financial institutions. The Polish parliament (Sejm) approved amendments to the Corporate Income Tax (CIT) Act and related taxes for financial
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EU signs amending protocol updating tax cooperation agreement with Switzerland
The EU and Switzerland have signed a protocol updating tax cooperation, expanding automatic financial data exchange and introducing a framework for VAT recovery, effective from 2026. The European Commission announced, on 20 October 2025, that it
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Cyprus: Tax authorities mandate non-resident filing of tax withholding, GHS contributions via TFA system
The Department of Taxation announced that non-residents must submit the Deducted at Source (DAS) Declaration and make related payments exclusively through the TFA system. The Cyprus Tax Department announced, on 6 October 2025, detailing updated
See MoreHungary, US considering reinstatement of tax treaty
The US ended its 1979 tax treaty with Hungary, effective 1 January 2024, while a 2010 treaty between the two was never ratified. Representatives from Hungary and the US held discussions on strengthening bilateral relations on 17 October 2025. A
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