Serbia: National Assembly approves income tax treaty with Algeria
Serbia’s National Assembly approved a bill ratifying the income tax treaty with Algeria on 31 August 2026. Signed on 31 March 2026, the agreement aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion
See MoreSerbia: National Assembly approves income tax treaty with Angola
Serbia’s National Assembly approved a bill ratifying the income tax treaty with Angola on 31 August 2026. Signed on 9 June 2026, the agreement aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion between
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France updates guidance on VAT rate for cooling energy
France has clarified that the supply of cooling energy distributed through networks is subject to the reduced 5.5% rate of value added tax (VAT), following an amendment introduced by the Finance Law for 2026. The clarification was published on 26
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Ireland updates self-assessment guidance on PRSI liability
Irish Revenue has updated its guidance on the Irish Self-Assessment system to clarify which individuals are liable for Pay-Related Social Insurance (PRSI) contributions. The changes were issued through eBrief No. 126/26 on 28 August 2026, which
See MoreFrance updates income tax reduction guidance for SME investments
France’s tax authorities have updated their guidance on income tax reductions for investments in small and medium-sized enterprises (SMEs), FCPI and FIP funds, and solidarity-based enterprises of social utility (ESUS). The update published on
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Slovak Republic: MoF proposes Pillar Two tax amendments, expanded safe harbours
The Slovak Republic Ministry of Finance has proposed a draft amendment, on 18 August 2026, to Act No. 507/2023 Coll. pertaining to top-up tax, ensuring a global minimum level of taxation for multinational enterprise (MNE) groups and large-scale
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France: Ministry of Economy and Finance introduces mandatory e-invoicing
France has today introduced mandatory electronic invoicing and the transmission of transaction data to the tax authorities, marking the start of the country's phased e-invoicing reform. From 1 September 2026, all businesses must be able to
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Singapore updates EIS with AI activity
Singapore’s Enterprise Innovation Scheme (EIS) has been expanded to cover the adoption of artificial intelligence (AI), allowing businesses to claim a 400% tax deduction or allowance on up to SGD 50,000 of qualifying AI expenditure per Year of
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France introduces tax neutrality for enterprise restructuring
France has clarified the tax treatment of sole proprietorship restructuring where an individual entrepreneur elects for Corporate Income Tax (IS) on 19 August 2026, introducing optional mechanisms to defer, suspend or spread taxation of capital
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Germany, Albania sign tax treaty protocol
Germany and Albania have signed a protocol of amendment to update their existing income tax treaty, signed on 6 April 2010. The protocol was signed in Berlin on 9 June 2026 and covers taxes on income and on capital. The amendment implements
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Romania raises diesel excise duty reduction to 25% amid fuel price surge
Romania’s Ministry of Finance announced on 31 August 2026 that it has increased the temporary excise duty reduction on standard diesel to 25% for the first half of September 2026, up from the 20% reduction applied in August. The adjustment
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Belgium: MoF phases out marriage quotient under new spousal income transfer regime
Belgium’s Ministry of Finance has published Circular No. 2026/C/79, dated 26 August 2026, guiding the phase-out of the spousal income transfer regime introduced by the law of 15 July 2026. Circular 2026/C/79 provides detailed guidance on the
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Slovak Republic clarifies e-invoicing, Peppol and VAT coding rules ahead of 2027 mandate in updated FAQÂ
The Slovak Republic’s Financial Directorate updated its eFaktúra FAQ in August 2026, providing businesses and service providers with practical clarifications on the domestic e-invoicing requirements. The update also adds guidance on Peppol VAT
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Canada completes ratification of UK’s CPTPP accession
Canada has completed its domestic ratification process in July 2026, clearing the final hurdle for the UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the UK government page on the
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Sweden proposes tax exemption for employee skills support benefits
Sweden's Ministry of Finance has submitted a government referral (Lagrådsremiss) proposing to exempt competence support benefits (förmån av kompetensstöd) from income tax, in a move aimed at removing legal uncertainty that has discouraged
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Hungary moves prescription medicines to 0% VAT from September 2026
Hungary has gazetted Act XL of 2026 amending the Value Added Tax Act (Act CXXVII of 2007) on 13 August 2026. The amendments reclassify prescription-only human medicines and officially compounded preparations (magistral formulas) from Annex 3. The
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Russia: FTS clarifies Pillar Two corporate tax rules for MNE groups
Russia has introduced special rules for calculating corporate income tax for members of international groups of companies, with the clarifications published by the Federal Tax Service (FTS) in Tax Policy and Practice, No. 8/2026, on 18 August
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Ireland: Revenue updates guidance on Pillar Two effective tax rate
Irish Revenue has published eBrief No. 125/26 on 28 August 2026, updating Tax and Duty Manual Part 04A-01-02, which provides guidance on the operation of the Pillar Two rules on the Global Minimum Level of Taxation for Multinational Enterprise
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