Italy: Revenue Agency issues first comprehensive guidance on collaborative compliance regime
The Italian Revenue Agency has announced the release of Circular No. 6/E of 6 August 2026, providing the first comprehensive guidance on collaborative compliance after sweeping reforms introduced by Legislative Decree No. 221 of 30 December 2023.
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Finland proposes corporate tax cuts in draft 2027 budget
Finland’s Ministry of Finance announced the draft budget for 2027 on 6 August 2026, which includes several significant corporate tax measures. The government will review the draft budget during its budget session on 1–2 September, after which
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Belarus, Myanmar income tax treaty enters into force
The income tax treaty between Belarus and Myanmar entered into force on 15 July 2026. Signed on 28 November 2025, the agreement provides for the avoidance of double taxation of income of tax residents of Belarus and Myanmar. It covers income tax
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Romania: Finance ministry unveils automatic 3% tax rebate for microenterprises
Romania’s Ministry of Finance, in a press release, has approved the procedural mechanism for delivering a 3% rebate on profit and income taxes to microenterprises for the 2025 fiscal year, implementing Government Emergency Ordinance no. 8/2026.
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Austria publishes updated regulation reflecting EU list of non-cooperative tax jurisdictions
The Austrian Federal Ministry of Justice has published the Tax Haven Notification Regulation 2026 (StO-KVO 2026) in the Official Gazette on 3 August 2026, updating the country's reference to the European Union's list of non-cooperative jurisdictions
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Poland: Ministry of Digital Affairs unveils draft 3% digital services tax
Poland's Ministry of Digital Affairs has published a draft bill introducing a Compensatory Tax on Certain Services, effectively establishing a Digital Services Tax (DST) on 31 July 2026. The tax applies to online targeted advertising, the
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UK: HMRC outlines changes to VAT Capital Goods Scheme
The UK HM Revenue & Customs (HMRC) published Revenue and Customs Brief 7 (2026): Changes to the VAT Capital Goods Scheme on 30 July 2026, outlining changes to the assets covered under the VAT Capital Goods Scheme. The UK tax system simplified
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Germany approves permanent 7% VAT for restaurant food
The German government has approved the Tax Amendment Act 2025 (Steueränderungsgesetz 2025), introducing a permanent 7% VAT rate for restaurant and catering food, excluding beverages, from 1 January 2026. The measure amends sec. 12 para. 2 no. 15
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France consults revised VAT guidance for audiobook devices following Council of State ruling
France's tax authorities launched a public consultation on 29 July on a revised version of the administrative doctrine concerning the VAT rate applicable to books (BOI-TVA-LIQ-30-10-40), following a Council of State ruling that dedicated audiobook
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Cyprus extends filing deadlines for June 2026 VAT Returns, July 2026 VIES Statements
The Cyprus Tax Department has extended the deadline for the submission of VAT returns, payment of VAT due and filing of the Recapitulative Statement (VIES) following a decision by the Commissioner of Taxation. The extension applies to: VAT
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Bulgaria enacts State Budget Act 2026 introducing gambling affiliate tax, expanded child tax relief
Bulgaria's National Assembly has enacted the State Budget Act for 2026, setting the country's strategic financial direction. It was passed by the National Assembly on 24 July 2026, approved by the President on 29 July 2026, and officially
See MoreUK shifts steel strategy to quotas, activates major bicycle duties
After four days of administrative quiet, UK trade policy saw significant implementation this week, defined by a strategic shift in the steel sector and a major reinforcement of trade defences for bicycles. The expiry of long-standing anti-dumping
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EU unleashes broad trade defence campaign targeting China, Russia, and now US Biofuels
The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign of trade defence actions. The week began with sweeping new controls on Russian industrial materials taking effect and was
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Croatia: Government approves tax treaty, amending protocol with US
The Croatian government approved a draft bill on 30 July 2026 to ratify the Croatia–US income tax treaty, signed in 2022, and its amending Protocol, signed on 28 April 2026. According to the explanatory memorandum, the treaty is intended to
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Croatia, Tajikistan to start tax treaty negotiations
The Croatian government, at a meeting on 30 July 2026, approved a proposal to negotiate an income tax treaty with Tajikistan. Based on the OECD Model Tax Convention, the proposed agreement would aim to promote bilateral trade and investment by
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Malta updates guidance on new fiscal receipt rules for Article 11 VAT-exempt SMEs
Malta’s Commissioner for Tax and Customs has released updated guidance on how small and medium enterprises registered under Article 11 must configure their fiscal cash registers to meet statutory receipt requirements. The Commissioner for Tax
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Austria, Switzerland sign amending protocol to 1974 tax treaty
The Swiss State Secretariat for International Finance announced that Austria and Switzerland signed an amending protocol to their 1974 income and capital tax treaty on 30 July 2026. The protocol updates the treaty to implement the minimum
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Ukraine: NBU raises key policy rate to 15.5%
Ukraine's central bank has raised its key policy rate by 0.5 percentage points to 15.5%, effective 31 July 2026, citing persistent underlying inflationary pressures and expectations that headline inflation will accelerate further before
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