Austria gazettes Budget Accompanying Act 27–28 with corporate tax, parcel tax, pension changes
Austria published the Budget Accompanying Act 2027–2028 in the Official Gazette on 29 July 2026, introducing a broad package of tax, financial and policy measures under the country's dual budget for 2027 and 2028. The legislation includes a new
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Portugal approves forms for calculation, settlement, declaration of domestic top-up tax
Portugal approved Modelo 64 tax return form, the official return for the assessment and payment of domestic top-up tax under the Global Minimum Tax Regime (RIMG), following the launch of the Modelo 62 – Registration Declaration form (RIMG) filing
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Bosnia and Herzegovina extends tax-free employer assistance payments to workers
Bosnia and Herzegovina’s government has adopted amendments to the Regulation on Employer Assistance Payments to Workers in 2026, extending its application until the end of 2026. The amendments were adopted on 28 July 2026 at the proposal of the
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Italy implements tax credit rules for road haulage firms affected by increased diesel prices
Italy's Ministry of Infrastructure and Transport has published a decree of 23 May 2026 in the Official Gazette on 21 July 2026, setting out the implementing rules for a temporary tax credit to support the road haulage sector in response to the
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Belgium clarifies extension of Pillar Two GIR filing notification deadline for 2024–25
Belgium's Federal Public Service Finance has published a release clarifying the extension of the deadline for notifying the entity responsible for filing the GloBE Information Return (GIR) on 29 July 2026. Previously, the notification deadline
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Czech Republic: Senate approves income tax treaty with Malta
The Czech Republic Senate has approved the new income tax treaty with Malta on 29 July 2026. The new agreement will replace the existing 1996 Czech Republic – Malta income and capital tax treaty that has been in force since 1997. The treaty
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Belarus extends VAT payment deferral on imported goods through mid-2027
The Belarusian Council of Ministers has issued Resolution No. 369 on 23 July 2026, expanding VAT relief for businesses importing goods. Legal entities can now defer Value Added Tax payments for up to three months following the release of imported
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EU customs duty blamed for surprise delivery charges
Europe's consumer federation and a senior EU lawmaker are urging the European Commission to ensure that consumers are not required to bear the cost of a new customs handling fee on online purchases. This follows the EU introducing a EUR 3 fee on
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Russia: CBR lowers key rate used for tax interest calculations
The Central Bank of Russia (CBR) has reduced the key interest rate from 14.5% to 14.0% on 24 July 2026. The CBR’s key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes. This
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Ireland: EU approves expanded digital games tax credit to cover post-release content
Ireland's Department of Finance has announced on 28 July 2026 that the European Commission has approved the expansion of the Digital Games Tax Credit. As announced in Budget 2026, the 32% tax credit has been extended until 31 December 2031 and
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Eswatini introduces e-invoicing rules under VAT Act
Eswatini has introduced new measures to support electronic tax administration under the Value Added Tax Act, 2011, establishing a legal framework for electronic fiscal documents and prescribing rules for the electronic submission of fiscal
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Italy: Temporary diesel excise cut returns as inflation pressures mount
Italy reintroduced a temporary excise duty cut on diesel on 27 July 2026 to ease fuel prices for households and businesses. The reduction brings state spending to EUR 125 million when combined with tax breaks for truck drivers and farming
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Bulgaria adopts civil servant contributions, raises insurance thresholds in 2026 budget bills
Bulgaria’s National Assembly gave final approval to the State Social Security Budget Bill and the National Health Insurance Fund Budget Bill, followed by the State Budget Bill on 22 July 2026. All three bills were tabled on 1 July, and adopted
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UK expands bicycle anti-dumping duties in major trade defence action
This week was marked by a significant tightening of UK trade policy, headlined by a major expansion of the anti-dumping regime for bicycles. New 48.5% duties were applied to imports from Malaysia and Pakistan, and in a key anti-circumvention move,
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Netherlands updates hybrid mismatch guidance with new rules on US tax regimes, permanent establishments
The Netherlands published the Hybrid Mismatch Policy Decision 2026 (Decree No. 2026-12123), issued by the State Secretary of Finance on 24 July 2026, replacing the previous policy decision that was originally issued in 2021 and subsequently updated
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UK: HMRC publishes GAAR opinions on employee benefit trust IHT arrangements
UK’s His Majesty's Revenue and Customs (HMRC) has published two reports from the General Anti-Avoidance Rule (GAAR) Advisory Panel concluding that arrangements designed to reduce Inheritance Tax (IHT) through the use of employee benefit trusts
See MoreRussia introduces simplified procedure for online tax notifications
The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the Unified Public Services Portal (UPSP) will take effect from 1 August 2026, under amendments introduced by Federal Law No. 425-FZ
See MoreItaly introduces payment codes for Pillar Two voluntary disclosure
The Italian Revenue Agency announced, on 23 July 2026, that it has introduced new tax codes for paying penalties through the F24 form for voluntary disclosure of violations relating to the Global Minimum Tax's information and reporting obligations
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