European Commission enhances tax collaboration with Andorra, Liechtenstein, Monaco, San Marino
The updates enhance the existing 2015 and 2016 agreements by aligning with recent EU and international standards and expand the scope of reporting to include specific electronic money products and central bank digital currencies. The European
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European Commission to negotiate with Norway on administrative cooperation in direct tax
This proposed agreement aims to align Norway with certain aspects of the EU Directive on Administrative Cooperation (DAC), enabling the automatic exchange of tax-related information. The European Commission announced its decision to move
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EU: Council to reduce or eliminate customs duties for several agri-food products for Ukraine
The Council approved the EU’s position in the EU-Ukraine Association Committee to reduce or remove customs duties on various agri-food products, including dairy, meat, and produce destined for Ukraine. The EU Council has adopted a decision on
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EU: European Economic, Financial Affairs Council endorse tax measures to boost clean tech and industry
The clean industrial deal is a flagship initiative of the Competitiveness Compass – the EU’s roadmap to make business easier and faster and ensure Europe’s prosperity. The European Economic and Financial Affairs Council adopted conclusions
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Portugal announces 2026 Budget, proposes lower corporate tax rates
Portugal’s 2026 draft budget proposes tax cuts for companies, including a corporate tax rate reduction to 19% (and 15% for SMEs), as part of the plan to lower the rate to 17% by 2028. Portugal’s government has presented the draft State
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Lithuania adopts excise tax on sweetened drinks from 2026
Lithuanian Parliament approved an excise tax on sweetened drinks from 1 January 2026 to promote healthier consumption and fund the State Defence Fund. The Lithuanian Parliament (Seimas) has adopted amendments to the Law on Excise Duty,
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Denmark revises regulations for identification, reporting of financial accounts associated with foreign nations
Denmark published Executive Order No. 1160/2025 on 2 October 2025, requiring financial institutions to report foreign-linked accounts from 1 January 2026. Denmark has published Executive Order No. 1160/2025 revising regulations for the
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Greece, UAE renews tax treaty
The new agreement ensures the 2010 tax treaty between Greece and UAE and its 2013 protocol remain in force. The updated agreement for the 2010 tax treaty between Greece and the UAE entered into effect on 18 September 2025, ensuring the 2010
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Slovak Republic: Government presents amended VAT Law to parliament, proposes mandatory e-invoicing
The amended VAT Law is aimed at introducing mandatory electronic invoicing and online data reporting to tax authorities, which goes into effect from January 2027. The Slovak Republic’s government has submitted the amended Value Added Tax
See MoreEU maintains current list of non-cooperative tax jurisdictions
ECOFIN confirmed the EU’s list of 11 non-cooperative tax jurisdictions, leaving it unchanged. The European Economic and Financial Affairs Council (ECOFIN) reconfirmed the EU list of non-cooperative tax jurisdictions on 10 October 2025,
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Italy: Council of Ministers gives preliminary approval to DAC8 implementation decree
The decree implements the DAC8 directive, introducing reporting requirements and the automatic exchange of data on crypto-asset transactions by operators. Italy’s Council of Ministers announced it has preliminarily approved the Legislative
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Malta issues election form for final income tax without imputation
Malta’s Revenue has released the election form for the optional final income tax system, with a 28 November 2025 deadline. Malta’s Commissioner for Revenue has made the election form available for companies wishing to opt into the final
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Finland: Government proposes expansion of digital platform operators’ reporting obligations under DAC7
The proposal extends reporting to non-EU sellers if their country exchanges information with Finland under the DPI-MCAA. Finland’s government submitted a legislative proposal (HE 140/2025) to parliament on 9 October 2025, aiming to amend the
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Hungary initiates authorisation process for Carbon Border Adjustment Mechanism (CBAM)
The application window for CBAM authorised declarant status has opened on 1 September 2025. The National Climate Protection Authority of Hungary has announced that the application window for becoming an authorised CBAM (Carbon Border Adjustment
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Sweden updates guidance on VAT on business asset transfers
The updated VAT guidance on business asset transfers is effective from 30 September. Sweden’s government has introduced new guidance on the application of value-added tax (VAT) to asset transfers within business transfers, effective 30
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Belgium postpones VAT modernisation plans until further notice
Belgium’s tax authority announced that the planned VAT system modernisation has been indefinitely postponed, with transitional measures remaining in place to maintain continuity. Belgium’s tax administration has released Circular 2025/C/62 on
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Finland: Parliament reviews bill to enact DAC9
Finland’s Parliament is reviewing a bill to implement the EU’s DAC9 directive following a public consultation that ended on 26 September 2025. Finland’s Parliament is reviewing draft bill HE 142/2025 vp as of 10 October 2025, which aims
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Denmark proposes near-zero electricity tax for 2026–2027
Bill L 24 proposes cutting the general electricity tax to the EU minimum of 0.8 øre per kWh for 2026 and 2027. Denmark's Minister for Taxation submitted Bill L 24 to parliament on 8 October 2025, aiming to lower the general electricity tax to
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