UK proposes compulsory foreign permanent establishment exemption from 2027
The UK government has published draft legislation proposing to make the foreign permanent establishment (PE) exemption compulsory for UK-resident companies from 1 January 2027. The draft legislation, published on 13 July 2026, would amend Part 2
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Iceland: 2027 budget proposes financial institution tax hike, VAT measures
Iceland’s Ministry of Finance presented the 2027 Budget proposal on 7 September 2026, proposing higher taxes and fees, reduced tax incentives, and adjustments to existing charges to raise government revenue. The proposed tax and revenue
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Iceland: MoF consults tax law changes on interest deductions, charities, rulings and nicotine products
Iceland’s Ministry of Finance and Economic Affairs (MoF) has initiated a public consultation on several proposed legislative amendments in its draft document on 4 September 2026, with a targeted entry into force on 1 January 2027. These planned
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Lithuania: VMI updates treaty tax relief forms
Lithuania’s State Tax Inspectorate (VMI) is preparing changes to the rules for completing forms DAS-1, DAS-2 and DAS-3, which are used by foreign residents and Lithuanian payers to apply for treaty-based tax relief, claim refunds of withheld tax
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Greece: AADE targets helicopter firms over tax evasion
Greece's Independent Authority for Public Revenue (AADE) has launched an investigation into helicopter companies operating in the Greek islands over suspected tax evasion, following reports of helicopters landing at unauthorised
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Russia expands tax monitoring access for legal successors from September 2026
Russia has expanded access to its tax monitoring regime from 1 September 2026, allowing legal successors of companies already subject to tax monitoring to enter the regime without independently meeting the standard eligibility thresholds. The
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Hong Kong, Slovenia sign income tax agreement
The Hong Kong Financial Services and the Treasury Bureau completed negotiations on a comprehensive avoidance of double taxation agreement (CDTA) with Slovenia on 4 September 2026. Secretary Christopher Hui signed the accord on behalf of the Hong
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Portugal extends Pillar Two Modelo 62 filing deadline for 2025 tax year
Portugal’s Secretary of State for Fiscal Affairs has extended the deadline for entities subject to the Global Minimum Tax Regime to file the Modelo 62 Registration Declaration for the 2025 tax year. The three-month extension was announced under
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Iceland proposes changes to vehicle kilometre tax from 2027
Iceland’s Ministry of Finance and Economic Affairs issued a legislative proposal on 2 September 2026 to amend the existing law on the vehicle kilometre tax (Law no. 100/2025), which has been in effect since 1 January 2026. A public consultation
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Italy confirms single economic zone tax credit for pre-notification leased equipment
The Italian Revenue Agency announced the issuance of Response no. 169 on 3 September 2026, in which it ruled that companies operating within the Single Economic Zone (ZES Unica) can claim the regional tax credit for equipment leased in 2026 even
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Belgium: MoF clarifies treaty coverage of Japan’s 4% corporate defence tax
The Belgian Ministry of Finance confirmed that Japan’s 4% special corporate tax on defence, effective from 1 April 2026, falls within the scope of the Belgium–Japan Income Tax Treaty (2016). It was clarified in Circular 2026/C/80 published on 2
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Germany: Federal Cabinet unveils draft 2027 income tax reform, splits trade tax revenue for data centre companies
Germany’s Ministry of Finance has published the Draft Income Tax Reform Act 2027 (Einkommensteuerreformgesetz 2027), which was approved by the Federal Cabinet on 2 September 2026. The draft outlines a proposal from the German Federal Ministry
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Bolivia: SIN extends tax debt payment period
Bolivia’s National Tax Service (SIN) has extended the maximum period for taxpayers to access tax debt Payment Facilities from 30 to 60 months under Normative Ruling of the Board of Directors (RND) 102600000033. The measure implements Supreme
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Greece consults new foreign investment incentives
Greece’s Ministry of Development has opened public consultation on 1 September 2026 on a draft bill proposing new incentives for foreign direct investment, including an income tax exemption for eligible investment projects. Under the proposed
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Germany: Federal Cabinet approves draft income tax reform Act 2027
Germany’s Federal Cabinet (Bundesregierung) has approved the draft income tax reform Act 2027 on 2 September 2026, proposing tax relief for individuals from 1 January 2027 alongside higher rates for high-income earners. The package would raise
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Greece: AADE extends tax deadlines for Lesvos sectors
Greece’s Independent Authority for Public Revenue (AADE) has introduced tax relief measures for businesses and professionals in Lesvos that suffered financial losses following the outbreak of Foot-and-Mouth Disease and the implementation of
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Ireland: Revenue updates 2025 Form 11 with new prefilled fields, expanded relief provisions
Ireland’s tax authority (Revenue) issued eBrief No. 127/26 on 31 August 2026, detailing a set of amendments to the ROS Form 11 2025 self-assessment income tax return. The form has been available since 1 January 2026 and continues to be updated on
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Italy: Revenue Agency introduces automatic VAT settlement for unfiled returns
Italy’s Revenue Agency has published implementation rules for a new automatic VAT settlement process introduced by the 2026 Budget Law. The provision, signed on 28 August 2026, details how authorities can determine amounts owed when taxpayers
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