Poland: Council of Ministers adopt 2026 draft budget act
The 2026 draft includes various fiscal changes, such as an increase in the corporate tax rate for the banking sector, a rise in the VAT exemption threshold, and an increase in excise rates on alcoholic beverages. Poland’s Council of Ministers
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EU to impose 25–50% tariffs on Chinese steel
The move aims to protect Europe’s steel industry, which faces pressure from global overcapacity and limits on existing safeguards set to expire in mid-2026. The European Commission plans to introduce tariffs of 25% to 50% on Chinese steel and
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France: Tax Authorities flag common errors in Pillar 2 reporting
Tax authority warned of frequent errors in 2065-INT-SD filings, urging corrections to avoid penalties. The French tax administration has reported recurring mistakes in the filing of form 2065-INT-SD, which groups subject to country-by-country
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Czech Republic updates guidelines for waiving tax penalties, interest, fines
Starting 1 July 2025, taxpayers can receive a full 100% penalty waiver, contingent on their cooperation and compliance, replacing the previous 75% limit. The Czech Republic has published Financial Bulletin No. 12/2025 on 10 September 2025, which
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Slovak Republic: Government approves mandatory e-invoicing, corporate tax relief for select investment projects
Slovak Republic approved mandatory e-invoicing from 2027 and cashless payments, and granted corporate tax relief for two investment projects. The Slovak Republic’s government has approved a draft bill amending the Value Added Tax Act and
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Cyprus: FY 2024 CbC report, FY 2025 CbC notification submission deadline set for December
MNE groups must submit CbC reports for the 2024 fiscal year if their year-end is 31 December 2024, as well as CbC notifications for the 2025 fiscal year if their year-end is 31 December 2025. MNE groups in Cyprus must submit country-by-country
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Estonia: Government approves income tax treaty with Andorra
The tax treaty aims to prevent double taxation and address tax avoidance between the two jurisdictions. Estonia’s government approved the signing of a tax treaty with Andorra covering income and capital taxes on 18 September 2025. This
See MoreEU: MEP urges European Parliament to ban tax havens
MEP João Oliveira urged the EU to ban tax havens and strengthen tax fairness. João Oliveira, a Member of the European Parliament (MEP), has submitted a resolution to the European Parliament proposing measures to enhance tax fairness and
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Ireland: Revenue clarifies iXBRL filing for Large Corporates Division, High Wealth and Financial Services Division
Revenue confirmed continued iXBRL filing for LCD and HWFSD companies. The Irish Revenue published eBrief No. 173/25 on 23 September 2025 regarding iXBRL filing requirements for companies liable to corporation tax whose affairs are managed in
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Netherlands revises business merger decree, defines tax and loss carry-forward rules
Decree 2025-219643 addresses business mergers, clarifies the tax treatment of cooperatives, updates loss carry-forward rules, and revises approval procedures. The Netherlands State Secretary for Finance published Decree 2025-219643 of 21 August
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Czech Republic, Malta sign new tax treaty
The new tax treaty will replace the existing 1996 agreement between the nations. The Czech Republic and Malta have signed a new income and capital taxes treaty on 24 September 2025. This new agreement is set to replace the existing 1996 Czech
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Netherlands: Lower house approves 2026 Omnibus Tax Bill
This 2026 Omnibus Tax Bill introduces various primarily technical, smaller-scale amendments, proposals, and corrections across multiple tax laws. The Dutch lower house of the parliament approved the 2026 Omnibus Tax Bill, and published it on its
See MoreEstonia to maintain income tax rate to support growth
Estonia keeps taxes steady, boosts defence, and essential worker pay. Estonia’s government has reached an in-principle agreement on the state budget for 2026. At least 5% of GDP will be earmarked for a surge in Estonia’s defence
See MoreCzech Republic, Kenya sign income tax treaty
This is the first-ever income tax treaty between the two countries. The Czech Republic and Kenya signed an income tax treaty on 23 September 2025. The agreement aims to eliminate double taxation of income and prevent tax evasion between the
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Indonesia, EU conclude free trade agreement to counter US tariffs
Nearly ten years of negotiations between the EU and Indonesia were accelerated by the threat of former US President Donald Trump’s aggressive tariff measures, resulting in a free trade deal that will eliminate most tariffs between the two
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Latvia: Parliament amends tax administration rules on late payment interest
The amendments mainly focused on the new rules on late payment interest and are aimed at improving the tax administration. Latvia’s parliament adopted the Law on Amendments to the Law on Taxes and Duties on 4 September 2025, which was
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Denmark proposes higher tax-exempt payments for neighbours of solar farms
The Ministry of Climate, Energy and Utilities has suggested increasing the tax-exempt compensation for residents living near solar farms. Denmark’s Ministry of Climate, Energy and Utilities has suggested increasing the tax-exempt compensation
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Serbia implements pre-filled VAT returns from 2026
Starting January 2026, VAT returns will be pre-filled with data on goods turnover, service trade, imports, and other VAT-relevant transactions. Starting January 2026, VAT returns in Serbia will be pre-filled with data on goods turnover, service
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