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 More
Italy: 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.ย Italyโs Council of
See More
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
See More
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
See More
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.ย The Cyprus Tax Department announced, on 6 October 2025, detailing updated
See More
Hungary, 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
See More
Belgium: Council of Ministers approves bill to implement DAC8ย
The draft law aims to implement the updated EU Directive on tax cooperation, introducing new reporting rules for crypto asset service providers and aligning administrative assistance measures with the revised framework in Belgium.ย Belgium's
See More
Luxembourg: Government introduces bill to enhance fiscal stability, encourage investments in green infrastructure
The bill seeks to enhance fiscal stability, promote continued workforce participation, and encourage investments in energy-efficient housing. The Luxembourg government submitted a bill to the Chamber of Deputies on 15 October 2025 aimed at
See More
France proposes reduced surtax for large corporations in draft 2026 budgetย
For 2026, France intends to maintain the temporary corporate income surtax for large corporations at reduced rates, introduce a wealth tax, speed up the gradual abolition of the CVAE business tax, and revise its global minimum tax
See More
Germany: MOF updates B2B e-invoicing guidance
Germany updated rules for mandatory B2B e-invoicing effective from 31 December 2024. The German Ministry of Finance (MOF) issued a second administrative guidance on mandatory e-invoicing for domestic B2B supplies, effective for transactions after
See MoreGermany, Switzerland extend tax treaty agreement until 2027
Germany and Switzerland extend 1971 tax treaty rules on executive income and capital has been extended until 2027. The German Ministry of Finance announced on 15 October 2025 that Germany and Switzerland have extended their agreement on the
See More
Hungary: NAV Issues draft minimum top-up tax prepayment form
The draft 24GLBADO form is required for reporting and paying the QDMTT advance under the countryโs implementation of Pillar 2 global minimum tax rules. Hungary's National Tax and Customs Administration (NAV) has introduced a draft version of
See More
Lithuania: VMI updates crypto reporting rules
Under Article 55 of the Law on Tax Administration (MAฤฎ) and the Law on the Bank of Lithuania, certain entities must notify the VMI of all opened and closed accounts within three business days, using an XML format. Lithuaniaโs State Tax
See More
Germany: Bundestag approves amending protocol to tax treaty with Switzerland
The agreement seeks to eliminate double taxation and prevent tax evasion.ย Germanyโsย lower house of parliament (Bundestag) approved the amending protocol to the 1971 tax treaty with Switzerland on 16 October 2025. Switzerland and Germany
See MoreGermany: Bundestag approves amending protocol to tax treaty with the Netherlands
The agreement seeks to eliminate double taxation and prevent tax evasion. The German lower house of parliament (Bundestag) approved the amending protocol to the 2012 tax treaty with the Netherlands on 16 October 2025. The Netherlands and
See MoreFrance: Parliament introduces VAT registration changes in 2026 Draft Finance Bill
The 2026 draft Finance Bill raises VAT exemption thresholds to EUR 41,250 (standard) and EUR 27,500 (real estate and construction). France's parliament has introduced changes to VAT registration thresholds in the draft Finance Bill for 2026,
See More
Slovak Republic: MoF presents 2026 Draft Budgetary Plan to EU
The finance ministry submitted its Draft Budgetary Plan for 2026 to the European Commission for review as part of the EUโs annual budget coordination process. The Slovak Republicโs Ministry of Finance has announced, on 15 October 2025, that
See More
Finland: Government submits third supplementary budget for 2025 to the Parliament
Finland submitted its third supplementary 2025 budget, proposing changes to spending, revenue, and borrowing. Finlandโs Government submitted its third supplementary budget proposal for 2025 to Parliament on 10 October, proposing changes to
See More