European Parliament updates analysis on economic impact of US tariffs on the EU
The European Parliament has released an updated briefing on 5 March 2026, examining the economic, financial, and monetary impacts of US tariffs on the EU. This briefing provides an overview of the economic, financial, and monetary implications of
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Ireland: Revenue updates PAYE guidance for employers
The Irish Revenue has issued eBrief No. 043/26 announcing updates to the Employersโ Guide to Pay As You Earn (PAYE) with effect from January 2019. The PAYE system is a method of tax deduction under which employers calculate and deduct income
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Ireland: Revenue updates guidance on Expressions of Doubt under Full Self-Assessment
Irish Revenue issued eBrief No. 041/26 on 2 March 2026, announcing updates to guidance on Expressions of Doubt under the Full Self-Assessment system for Income Tax, Corporation Tax and Capital Gains Tax. The update revises Tax and Duty Manual
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Hungary releases ViDA implementation plan
Hungary's National Tax and Customs Administration (NTCA) and Ministry of National Economy (NGM) have published a roadmap for implementing the EUโs ViDA directive. The plan outlines major changes to Hungaryโs e-invoicing system. Core
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EU, Canada strengthen CETA partnership with new investment, trade measures
The European Commissioner for Trade and Economic Security, Maroลก ล efฤoviฤ and the Canadian Minister for International Trade, the Honourable Maninder Sidhu, co-chaired the fifth meeting of the Joint Committee of the European Union (EU)-Canada
See MoreEU, Canada launch negotiations for a digital trade agreement
The EU Commissioner for Trade and Economic Security, Maros Sefcovic, and Canada's Minister for International Trade, Maninder Sidhu, launched negotiations for an EU-Canada Digital Trade Agreement (DTA) on 6 March 2026. Building on nine years of
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France nears completion of tax treaty negotiations with Cambodia
France began negotiations with Cambodia at the end of 2023 for an income tax treaty. The talks are now โabout to be completed,โ according to a response published on 5 February 2026. The treaty will prevent double taxation for residents
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Sweden gazettes temporary VAT cut on food, bottled water
Sweden has announced a temporary reduction in the value-added tax (VAT) on food and bottled water, lowering the rate from 12% to 6% from 1 April 2026 to 31 December 2027, as published in the Official Gazette on 3 March 2026. The move follows
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Romania signs DPI MCAA for automatic exchange of digital platform income information
Romania signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA) on 11 February 2026, bringing the total number of signatories to 33, according to an OECD
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Romania: MoF announces fiscal reforms to combat tax evasion, reduce bureaucracy
Romaniaโs government announced on 5 March 2026 that it has approved a new Emergency Ordinance, proposed by the Ministry of Finance, designed to strengthen tax collection mechanisms while simplifying administrative procedures for businesses. The
See MoreEU confident US will honour bilateral trade deal despite new tariffs
European Union Trade Commissioner Maros Sefcovic expressed confidence on Thursday, 5 March 2026, that the US will uphold last year's trade agreement between the two partners, citing reassurances from American officials. President Donald Trump's
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Iceland: Court of Appeals rule taxpayers must prove armโs length pricing in related-party deals
The Icelandic Court of Appeals (Landsrรฉttur) upheld the ruling of the District Court of Reykjavรญk in Icelandโs first transfer pricing case (No. 213/2025) on 19 February 2026.ย The court confirmed that taxpayers must prove that related-party
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Romania: ANAF postpones RO e-invoice mandate for individual entrepreneurs
Romaniaโs tax authority, the National Tax Administration Agency (ANAF) has revised electronic invoicing regulations, granting individual service providers additional time to comply with mandatory registration requirements on 3 March
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Poland: MoF highlights option to allocate 1.5% of agricultural tax to authorised entities in 2026
Polandโs Ministry of Finance announced on 4 March 2026 that under the Agricultural Tax Act, natural persons and agricultural production cooperatives paying this tax may allocate 1.5% of their agricultural tax to eligible organisations listed by
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Italy: Food supplements, medications subject to 10% reduced VAT rate
The Italian Revenue Agency has clarified on 4 March 2026 that certain medical products and food supplements qualify for a reduced VAT rate of 10%, but only after obtaining proper classification from the customs agency. Medical devices for wound
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Belgium: Tax authorities announce VAT provision account to launch in May 2026
Belgiumโs tax authority, the Federal Public Service Finance, announced on 4 March 2026 that Belgium will replace the existing VAT current account with a VAT provision account from 1 May 2026, as part of its tax modernisation initiative launched
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Germany: Tax Authorities restrict treaty benefits on dividend payments to US parent companies
The German Federal Central Tax Office (Bundeszentralamt fรผr Steuern, BZSt) has recently adopted a restrictive administrative practice concerning withholding tax on dividend distributions paid by German companies (GmbHs) to US parent companies. This
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Sweden to cut VAT on dance events
The Swedish Government has submitted a bill to the Riksdag proposing a reduced VAT rate on admission to dance events, including dance band performances. The measure, announced in the 2026 Budget Bill, aims to promote dance and cultural activities
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