Europe

Cyprus: Keravnos Urges Eurogroup to Consider Energy Tax Impact

At the 8 October 2026 Eurogroup session, Finance Minister Makis Keravnos emphasized that all fiscal and economic policy decisions at the EU level must incorporate a rigorous assessment of energy price developments on household disposable income and business competitiveness. His intervention comes amid ongoing negotiations on the EU’s Fit for 55 package, the Carbon Border

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Estonia: Minister Keldo: Latvia’s Fuel Excise Cut Only Half Passed to Pumps

Energy Minister Erkki Keldo stated on 8 October 2026 that Latvia’s recent decision to cut diesel excise duties to the EU minimum has translated into only about a 50% pass-through to retail pump prices. According to market monitoring data, Latvian retailers absorbed a significant portion of the tax reduction via margin expansion, limiting the consumer

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United Kingdom: HMRC Loan Charge Settlement Scheme Guidance for Taxpayers

On 8 October 2026, HMRC released updated guidance on the Loan Charge Settlement Scheme, enabling taxpayers with outstanding disguised remuneration loan charge liabilities to settle their affairs. The loan charge, introduced in 2019, taxes disguised remuneration loans as income in a single tax year. The settlement scheme offers a structured way to pay the charge

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Greece: Greece Proposes Crypto Tax Framework in New Legislative Bill

On 8 October 2026, the Greek Ministry of National Economy and Finance placed a new legislative bill into public consultation that introduces a comprehensive regulatory framework for crypto assets, capital markets, and public expenditures. The bill’s tax provisions mark the first explicit statutory guidance on the taxation of crypto assets in Greece, aligning domestic law

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Italy: Beneficial Ownership Register: New Access Rules, Procedures

Legislative Decree 122/2026 overhauls access to the Register of Beneficial Owners, ending unrestricted public consultation. It establishes three distinct access regimes: for competent authorities, for obliged entities (banks, professionals), and for persons demonstrating a legitimate interest. Professionals must adapt their due diligence procedures accordingly. Key Takeaways Tiered Access: Authorities have full access; obliged entities access

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Poland: KAS, Police Bust Illegal Gambling Ring, 58 Arrested for Tax Evasion

On 8 October 2026, a joint operation by the National Revenue Administration (KAS) and the Polish Police dismantled an organized crime group running illegal gambling activities across the country, leading to the arrest of 58 individuals. The operation, codenamed “Legal Game,” targeted a network operating unlicensed slot machines and online betting platforms, evading the mandatory

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Estonia: Keldo Open to Discussing Excise Hike Pause in New Year

In an interview on 8 October 2026, Energy Minister Erkki Keldo indicated that the government could discuss postponing the next scheduled fuel excise increases (slated for 1 January 2027) during the upcoming budget negotiations. Keldo stressed that any decision would depend on global oil price trends, inflation trajectory, and the overall fiscal picture in the

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Spain: Spain Delays Mandatory Verifactu E-Invoicing to 2028

The Spanish Tax Agency (AEAT) announced on 8 October 2026 the postponement of the mandatory implementation date for the Verifactu electronic invoicing system from 1 July 2027 to 1 October 2028. The decision, published through a resolution of the State Secretariat for Finance, aims to synchronize the national rollout with the European Union’s VAT in

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Greece: Greece Payroll Transparency Nov 1: Ministry Circular Clarifies Rules

As of 1 November 2026, Greece’s new payroll transparency obligations take effect under Circular 26923/07-10-2026 issued by the Ministry of Labor and Social Affairs. The circular implements EU Directive 2023/970 on pay transparency, requiring employers to disclose salary ranges in job postings, prohibit pay secrecy clauses, and report gender pay gaps. The regulation applies to

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