UK tariff sees major technical overhaul in electrical machinery, trade defence
After three quiet days, UK tariff activity was defined by two large but highly technical updates. The week’s changes were not about new protectionist policy but about structural refinement, with a major nomenclature overhaul creating hundreds of
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Germany: MoF proposes new tax treatment for crypto-asset gains
Germany’s Ministry of Finance published a draft bill on 30 September 2026 proposing changes to the taxation of certain crypto-assets held as private assets. The proposed legislation would classify income from qualifying crypto-assets as investment
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Switzerland updates CRS partner list to include 116 states
Switzerland’s State Secretariat for International Finance has updated its list of partner states for the automatic exchange of information on financial accounts under the OECD Common Reporting Standard (CRS). Curaçao’s status has changed from
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Denmark proposes lower corporate tax rates in 2027 Finance Bill
Denmark’s government has presented its Finance Bill for 2027 on 9 October 2026 to parliament, proposing tax relief measures for individuals and businesses alongside various financing measures. The government plans to allocate DKK 10.1 billion
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Norway: Budget 2027 proposes personal tax relief, higher income thresholds, increased climate taxes
Norway’s newly unveiled 2027 Budget introduces a series of fiscal adjustments designed to foster economic growth, maintain fairness, and encourage employment while providing stability for citizens and enterprises. Key measures include personal
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Iceland: MoF consults on proposed tax and customs reforms, including side-income relief and stricter non-profit oversight
Iceland’s Ministry of Finance and Economic Affairs has published a draft bill titled “The Icelandic Tax and Customs Reform Act” on 6 October 2026, proposing various structural and administrative updates across Iceland’s tax, value-added tax
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Ireland updates VAT rules for food and drink supplies, including 9% rate on hot meals
The Irish Revenue has issued Revenue eBrief No. 143/26 on 7 October 2026, updating its Tax and Duty Manual on the VAT treatment of food and drink supplied by wholesalers and retailers. The update reflects the application of the second reduced VAT
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Sweden proposes state aid recovery rules for tonnage tax regime
Sweden’s Ministry of Finance has published a draft bill on 1 October 2026 proposing special provisions on the recovery of state aid under Sweden’s recently improved tonnage tax regime. On 11 June 2026, the Swedish Parliament approved broad
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EU removes Panama and Vietnam from tax cooperation blacklist
The European Economic and Financial Affairs Council (ECOFIN) decided on 9 October 2026 to remove Panama and Vietnam from the EU list of non-cooperative jurisdictions for tax purposes. Panama had occupied the list since February 2020. The
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Denmark proposes 22% corporate tax on state and municipal ports
Denmark’s Minister for Taxation and Growth Jakob Engel-Schmidt presented Bill L 39 to parliament on 7 October 2026. The bill would bring state and municipal ports, including municipal autonomous ports not already organised as separate companies,
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Ireland: Revenue updates guidance on reduced capital gains tax rate
Irish Revenue issued eBrief No. 142/26 on 6 October 2026, announcing updates to the tax and duty manual on the capital gains tax rate. The updated tax and duty manual Part 02-03-01A reflects the 2% reduction in the standard rate of Capital Gains
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Greece proposes abolishing business levy for legal entities in 2027 draft budget
Greece’s Ministry of National Economy and Finance submitted the draft state budget for 2027 to the Parliament on 5 October 2026. It projects economic growth of 2.3% next year, up from an estimated 2.0% in 2026. The draft includes tax cuts for
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Norway mandates phased rollout of electronic invoicing, digital bookkeeping for businesses
The Norwegian Tax Directorate announced the issuance of Regulations on amendments to the Accounting Regulations on 29 September 2026 that transform how businesses handle invoicing and accounting records. The changes stem from Act No. 39 on
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European Commission proposes extending VAT anti-fraud measures until June 2030
The European Commission published a proposal on 1 October 2026 to amend Directive 2006/112/EC by extending two VAT anti-fraud measures: the optional reverse charge mechanism (RCM) for fraud-prone goods and services and the quick reaction mechanism
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Finland proposes interest deduction relief for critical infrastructure projects
Finland’s Parliament is reviewing Government Proposal HE 227/2026 vp, part of the Government’s 2027 Budget package, which proposes a new exception to the country’s interest deduction restriction rules. This legislative change allows
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Belgium launches BEPS13 Local File XML Creator Tool
Belgium’s Federal Public Service Finance has announced on 30 September 2026 that the new BEPS13 LF XML creator tool is now operational. The tool enables users to generate XML files that comply with the new XSD schema 275.LF. Earlier, on 2
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Italy: Tax Authorities clarify two-year preventive tax agreement rules
The Italian tax authorities issued Circular No. 8/E on 6 October 2026, which provides systematic operational guidance on the Two-Year Preventive Composition Procedure (Concordato Preventivo Biennale, CPB). Originally introduced by Legislative
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Georgia increases property tax exemption threshold to GEL 100,000
Georgia has introduced amendments to the Tax Code, on 28 September 2026, which significantly alter property tax obligations for middle-income families. The amendments became effective on 30 September 2026 and applies retroactively to the 2026 tax
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