EU: Parliament approves tariff framework for US trade agreement, ensures American compliance
The European Parliament announced on 26 March 2026 that its members endorsed their position on two proposals covering tariff arrangements under the EU-US Turnberry trade deal. The agreement, reached in summer 2025, aims to remove most tariffs on
See MoreEU ends customs duty exemption for low-value shipments
Starting 1 July 2026, new customs regulations will eliminate duty exemptions for goods imported into the European Union in shipments valued up to EUR 150. The Official Journal of the EU published Council Regulation (EU) 2026/382, dated 11
See More
Italy exempts foreign trust beneficiaries from wealth tax
Italy’s Revenue Agency announced, through Response No. 84 on 25 March 2026, that Italian tax residents who receive only income from foreign trusts without any ownership rights to the underlying assets are not required to pay IVAFE (Italy's VAT on
See MoreEU: Parliament considers EPPO, OLAF access to VAT data to tackle cross-border fraud
The European Parliament's Economic and Monetary Affairs Committee examined a proposal to grant the European Public Prosecutor's Office (EPPO) and the European Anti-Fraud Office (OLAF) enhanced access to VAT information across the EU. The initiative
See More
Lithuania: VMI issues draft amendments for crypto-asset reporting rules under DAC8
Lithuania's State Tax Inspectorate (VMI) published on 24 March 2026 draft amendments to the rules on reporting information about reportable crypto-asset users, aligning with the Amending Directive to the 2011 Directive on Administrative Cooperation
See More
Germany: MOF publishes draft bill for the ratification of 2024 CRS MCAA addendum
Germany’s Ministry of Finance has published a draft bill on 24 March 2026 for the ratification of the 2024 Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA). The
See More
Ireland: Revenue revises guidance on defensive measures for outbound payments
Irish Revenue has released eBrief No. 065/26 on 30 March 2026, which updates the guidance about outbound payments defensive measures. Tax and Duty Manual Part 33-05-01 has been updated as follows: New section 3.4.2 has been included
See More
Finland consults proposal to suspend tax treaty with Russia
The Finnish Ministry of Finance has launched a public consultation on 20 March 2026 regarding a draft proposal to suspend the Finland-Russia Income Tax Treaty of 1996, as amended in 2000. Due to the urgency of aligning domestic law with the
See More
Germany updates jurisdiction list for the exchange of CbC reports
Germany has issued the Eighth Regulation Amending the Country-by-Country (CbC) Report Extension Regulation, which was published in the Official Gazette on 30 March 2026. The regulation updates the list of jurisdictions with which Germany will
See MoreItaly suspends key articles of tax treaty with Russia
Italy notified Russia about the suspension of significant portions of their bilateral tax treaty. The suspension was published in Italy's Official Gazette on 24 March 2026. The suspension affects the Convention signed in Rome on 9 April 1996,
See More
Cyprus: Tax Department extends income tax return deadline
The Tax Department has announced on 26 March 2026 an extension for filing certain income tax returns for the 2025 tax year. The extension applies to companies (Form T.F.4) and individuals (Form T.F.1 Log.) who are required to prepare audited or
See More
Italy suspends certain tax treaty provisions with Belarus
Italy officially notified Belarus on 12 March 2026 of its decision to suspend specific provisions of their bilateral income and capital tax treaty from 2005. This decision was published in Italy's Official Gazette (Gazzetta Ufficiale) No. 69 on 24
See MoreIreland: Revenue updates CCI tax, duty manual
Irish Revenue has released eBrief No. 056/26, introducing updates to the Tax and Duty Manual regarding Centralised Clearance at Import (CCI) on 23 March 2026. A new Tax and Duty Manual on Centralised Clearance at Import (CCI) has been created.
See More
Russia to ban gasoline exports from April
Russia will ban gasoline exports from 1 April to 31 July, 2026, Deputy Prime Minister Alexander Novak announced on Friday, 27 March 2026 . The measure is intended to manage domestic fuel supply as global oil and oil products markets face
See More
Sweden proposes temporary fuel tax cuts to offset rising prices
The Swedish Ministry of Finance has proposed a temporary reduction in energy taxes on petrol and diesel to the minimum levels allowed under the EU Energy Taxation Directive (2003/96) for the period 1 May to 30 September 2026 as a result of the
See More
Greece confirms UTPR, transitional CbCR safe harbours under Pillar Two enters into force
Greece’s Ministry of Finance (MoF) has confirmed that the undertaxed profits rule (UTPR) and the transitional country-by-country reporting (CbCR) safe harbours under Pillar Two, as established in the Minimum Taxation Directive (2022/2523),
See MoreItaly enacts emergency adjustments to specific provisions of 2026 Budget Law
Italy has gazetted Decree-Law No. 38 of 27 March 2026, effective from 28 March 2026, introducing several urgent tax measures that amend the 2026 Budget Law (Law No. 199 of 30 December 2025). It addresses multiple areas, including clarifications on
See More
Sweden implements Side-by-Side, UPE safe harbours under global minimum tax
Sweden's Ministry of Finance (MoF) has proposed amendments to the Additional Tax Act (2023:875) to implement the side-by-side arrangement agreed by the OECD Inclusive Framework on 5 January 2026. The changes aim to align Swedish law with OECD/G20
See More