Portugal extends 2025 corporate income tax filing deadline
The Portuguese Tax and Customs Authority has extended the deadline for submitting the annual corporate income tax return (Modelo 22) and the corresponding payment for the 2025 tax year to 19 June 2026, without any penalties or surcharges. The
See More
Belarus: Council of the Republic approves tax treaty with Jordan
The Belarus Council of the Republic (upper house of the National Assembly) has approved the ratification of the income tax treaty with Jordan on 11 May 2026. Signed on 16 December 2025, this treaty is aimed at preventing double taxation and
See More
European Commission endorses VFX uplift tax credit for Ireland
The European Commission has approved Ireland’s enhancement of the Section 481 Film Tax Credit, known as the Visual Effects (VFX) Uplift, via a State aid authorisation published in the Official Journal of the European Union on 12 May 2026. The
See More
Serbia updates rulebook on electronic invoicing
Serbia’s Ministry of Finance has approved amendments to the Rulebook on Electronic Invoicing, published in Official Gazette No. 30/2026, with the changes applying from tax periods commencing 1 April 2026. The regulations define the mandatory
See More
UK: HMRC issues letters over BADR lifetime limit breach
The UK HM Revenue & Customs (HMRC) is issuing a second round of letters to taxpayers who claimed Business Asset Disposal Relief (BADR) in their 2024/25 Self Assessment tax return and may have exceeded the GBP 1 million lifetime limit. The
See More
Finland revises guidance on trade income for non-resident companies
The Finnish Tax Administration has issued updated guidance on paying non-wage compensation to non-resident foreign companies on 6 May 2026. The guide outlines the rules and procedures for withholding tax at source on compensation paid for work and
See More
UK: HMRC updates systems following corporation tax penalty increase
The UK has increased late filing penalties for Corporation Tax (CT) for all returns due on or after 1 April 2026. This measure, originally announced in Budget 2025, is now in effect. HM Revenue & Customs (HMRC) is currently in the process of
See More
Germany: Federal Council approves BEPS MLI expansion
The German Federal Council approved the Act Amending the Act on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), expanding the scope of covered agreements (tax treaties) for the
See More
Slovenia: FURS initiates testing phase for Pillar Two top-up tax returns
The Financial Administration of the Republic of Slovenia (FURS) announced, on 6 May 2026, that it has enabled test submissions of Pillar Two top-up tax returns on the BETA eDavki portal. The functionality covers two types of returns. The
See More
Ireland: Revenue outlines Pillar Two progress in 2025 annual report
Irish Revenue published its 2025 Annual Report on 7 May 2026, together with a range of research and statistical papers, outlining total gross receipts of EUR 157 billion for the year. The figure includes EUR 34.9 billion collected on behalf of
See MoreUK: Supreme Court grants permission to appeal in major SDLT anti-avoidance dispute
The UK Supreme Court has granted the Tower One St George Wharf Limited permission to appeal in a high‑value stamp duty land tax (SDLT) dispute with HMRC concerning the transfer of a central London residential property. The appeal will focus on the
See More
Greece: AADE further extends ship tax filings, payment deadline
Greece's Independent Authority for Public Revenue (AADE) has announced a second postponement of filing requirements for ship operators under the Greek Tonnage Tax Law. The new deadline of 30 June 2026 replaces the previously extended date of 30
See More
Bulgaria proposes higher VAT threshold to support small businesses
Bulgaria’s National Assembly is considering proposals to raise the mandatory Value Added Tax (VAT) registration threshold to EUR 85,000, up from the current level of around EUR 50,130–51,130. Members of parliament have submitted two separate
See More
Brazil, Spain confirm net equity interest treatment under tax treaty
Spain's Ministry of Finance has announced that Brazilian interest on net equity, known as juros sobre o capital próprio (JCP), will be treated as interest under the 1974 tax treaty between Spain and Brazil. This clarification follows an exchange of
See More
Malta updates corporate income tax return for 2026 with transfer pricing, new reporting changes
Malta's Commissioner for Revenue has announced that the electronic corporate income tax return for the year of assessment 2026 is now available through its online services. The supplemental document for Fiscal Units is also available for
See More
Bulgaria advances DAC8 and DAC9 transposition: Expands crypto reporting, Pillar Two exchange rules, transfer pricing framework
Bulgaria’s Council of Ministers has approved and submitted a draft bill to the National Assembly on 7 May 2026 to transpose two European Union directives into national law: Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU)
See More
Countries move into Pillar Two filing phase as first compliance deadlines approach
Tax authorities across several jurisdictions are accelerating the rollout of compliance systems for the OECD’s Pillar Two global minimum tax regime, with new filing portals, technical specifications, deferrals and reporting procedures now being
See More
Switzerland: Federal Council consults amendment to minimum taxation ordinance
The Swiss Federal Council has opened a consultation on 6 May 2026 on an amendment to the Ordinance on Minimum Taxation, implementing two parliamentary motions of identical content (motions 25.4392 and 25.4399). The proposed revision concerns the
See More