Argentina ratifies second amending protocol to income tax treaty with France
Argentina has gazetted Law 27814 on 17 July 2026, which ratifies the amending protocol to its 1979 income and capital tax treaty with France. Signed on 6 December 2019, the protocol is the second to amend the treaty. It will enter into force 30
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UK: HMRC consults draft 2026 Finance Bill tax measures
The UK government has published a series of draft Finance Bill 2026 measures proposing changes across several indirect taxes and duties, including the Soft Drinks Industry Levy, Air Passenger Duty (APD), Alcohol Duty, Landfill Tax, VAT and Vehicle
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Austria: Bundesrat approves protocol to tax treaty with Uzbekistan
Austria's Federal Council (Bundesrat) approved the protocol to the 2000 income and capital tax treaty with Uzbekistan on 16 July 2026. The protocol updates the treaty preamble to align with BEPS standards, revises the dual-resident rule for
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UK: HMRC initiates tax consultations on NICs, brownfield relief, development costs
The UK’s His Majesty's Revenue and Customs (HMRC) has launched three tax consultations as part of the Finance Bill 2026 programme, seeking views on changes to the recovery framework for National Insurance contributions (NICs), reforms to Land
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Italy clarifies no gift or inheritance tax on trust dissolution without beneficiary transfer
The Italian Revenue Agency confirmed on 17 July 2026 that dissolving a trust and returning assets to the settlor triggers no gift or inheritance tax, provided no beneficiaries receive the property. Response no. 146 of 16 July 2026 clarifies a
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Belgium clarifies origin proof requirements for US imports under Turnberry Agreement
Belgium’s tax authorities, SPF Finance, announced on 14 July 2026 that starting 1 July 2026, American exporters can ship into Europe at reduced or zero customs duties under the Turnberry Agreement, inked on 27 July 2025. The rules sit in
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Austria: Bundesrat approves 2027–2028 budget
Austria’s Federal Council (Bundesrat) approved the Budget for 2027 and 2028, including a range of tax measures, on 16 July 2026. Financial and tax reforms The Budget detail several significant changes to the Austrian tax and financial
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Romania: ANAF updates tax certificate issuance rules
Romania’s tax authority, the National Agency for Fiscal Administration (ANAF) has amended Order No. 1699/2021 to allow electronic issuance of both VAT Registration Certificates and Tax Registration Certificates, alongside the existing paper
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Netherlands consults sugar tax reforms, proposes tiered levy on beverages and food products by 2030
The Netherlands Ministry of Finance has launched a public consultation on proposed sugar tax reforms on 16 July 2026. The proposals would replace the current flat-rate excise tax on non-alcoholic beverages with a tiered sugar-based tax and
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UK: HMRC publishes Oil and Gas Revenue Levy, foreign PE reforms for Finance Bill 2026-27
The UK HMRC has published policy papers, draft legislation, and explanatory notes covering two proposed tax measures: the introduction of a new Oil and Gas Revenue Levy to replace the existing Energy Profits Levy, and reforms to the foreign
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Germany unveils anti-tax evasion package with tougher penalties, AI-powered enforcement
Germany's government has unveiled an ambitious 26-point package aimed at strengthening the country's response to tax evasion, financial crime and illicit financial activity through tougher sanctions, enhanced enforcement powers and greater use of
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France confirms mandatory e-invoicing rollout from September 2026
The French Ministry of Economy and Finance has announced the forthcoming implementation of mandatory electronic invoicing (e-invoicing) requirements in Communication No. 898 issued on 11 July 2026. From 1 September 2026, all businesses must be
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EU states push back on plans to tax transport fuels
The European Commission faces a pushback from ten member states over its strategy to impose a carbon price on heating and transport fuels. On 15 July 2026, Italy, Poland, Bulgaria, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Romania and
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Bosnia and Herzegovina adopts broad package of economic, energy, administrative measures
Bosnia and Herzegovina's Republic of Srpska has adopted a regulation introducing pension and family support measures, public investment and borrowing initiatives, new energy concessions and electricity licences, extensive appointments across public
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Germany announces suspension of double taxation treaty with Russia
Germany has notified Russia that it will suspend the agreement of 29 May 1996 between the two nations for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital, effective from 1 January 2027. The notification was
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Belgium approves multi-year personal income tax reform through 2030
Belgium’s Chamber of Deputies approved legislation introducing a range of personal income tax reforms on 9 July 2026. This legislation outlines a comprehensive reform of the Belgian personal income tax system, scheduled for implementation
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Lithuania proposes PIT exemption for qualifying startup share disposals from 2027
Lithuania's parliament has proposed amendments to the Law on Personal Income Tax (PIT) that would introduce a new Personal Income Tax (PIT) exemption for individuals investing in startups. If enacted, the measure will take effect on 1 January 2027
See MoreUK: HMRC consults simplification of treaty relief for overseas withholding tax on interest
UK’s HM Revenue and Customs (HMRC) launched a consultation on Simplifying Treaty Relief from Withholding Tax on Interest Paid Overseas on 13 July 2026. This consultation details the current processes for obtaining treaty relief available under
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