Europe

Ireland: Ireland’s New Investment Account Limit Set at €12,000, May Curb Take-Up

As of 8 October 2026, the Irish Government has confirmed the annual contribution limit for the new State-backed investment account at €12,000, a figure significantly lower than the €15,000–€20,000 range anticipated by industry stakeholders. The measure, introduced under the Finance Act 2026, aims to encourage retail savings and investment while maintaining fiscal prudence. However, the

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North Macedonia: North Macedonia Tax Authority Launches Fair Tourism Income Declaration Campaign

On 8 October 2026, the Public Revenue Office (PRO) of North Macedonia announced the continuation of its “Fair Tourism Starts with Declared Income” campaign, reinforcing tax compliance efforts across the country’s hospitality and tourism sectors. The initiative, spearheaded by the PRO’s Public Relations Department, aims to combat the shadow economy by encouraging voluntary income declaration

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Romania: Romania Household Tax Burden Hits 36.5% of Expenditure in Q2 2026

Data released by the National Institute of Statistics on 8 October 2026 shows that average monthly household income reached 10,204 lei in Q2 2026, a 7.4% year-on-year increase. However, the share of taxes and social contributions in total household expenditure climbed to 36.5%, up from 34.8% a year earlier. The rise reflects both higher nominal

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Russia: Russia FNS Clarifies Medical Expense Proof for Social Tax Deduction

On 8 October 2026, the Federal Tax Service of Russia (FNS) published comprehensive clarifications regarding the confirmation of medical expenses for the purpose of obtaining a social tax deduction under Article 219 of the Russian Tax Code. The guidance addresses long-standing ambiguities about acceptable supporting documents, electronic record-keeping, and the verification process for expenses incurred

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Russia: Russia Introduces Updated Corporate Profit Tax Return Form for 2027

On 8 October 2026, the Russian Ministry of Finance confirmed that an updated corporate profit tax declaration form will take effect from 1 January 2027. The revised form incorporates changes to reporting procedures for taxpayers with separate subdivisions, aiming to streamline data submission and improve tax administration efficiency. The amendment follows Order No. 121n dated

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Ukraine:Ukraine Exchanges Financial Account Data with 97 Jurisdictions Under CRS

On 8 October 2026, the State Tax Service announced the completion of the latest automatic exchange of financial account information under the Common Reporting Standard (CRS) and the Multilateral Competent Authority Agreement (MCAA). Ukraine transmitted data on financial accounts held by non-residents to 97 partner jurisdictions and received corresponding data from 83 countries. This exchange

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Estonia: Estonia Fuel Excise Surge Sparks Political Backlash

On 8 October 2026, a steep increase in motor fuel excise duties took effect, triggering a wave of public discontent and sharp political exchanges. The hike, legislated under the previous administration, has raised pump prices by an estimated 8-10 cents per liter. Prime Minister Kristen Michal defended the increases as pre-scheduled and necessary for meeting

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United Kingdom: Employers PAYE Payment Plan Service Issues Reported by HMRC

On 8 October 2026, HMRC updated the service status page for Employers PAYE payment plans, indicating technical difficulties affecting employers’ ability to set up or modify time-to-pay arrangements for PAYE liabilities. The PAYE payment plan service is critical for employers facing cash flow constraints, allowing them to spread employer and employee tax and National Insurance

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United Kingdom: HMRC Nudge Letters: Employment-Related Securities Reporting

In the 8 October 2026 Tax Matters Digest, KPMG highlights HMRC’s latest compliance campaign targeting employment-related securities (ERS). HMRC has issued ‘nudge’ letters to individuals holding employment-related securities, asking them to verify their employers’ ERS reporting and withholding obligations. The letters focus on potential under-reporting of taxable events such as share option exercises, restricted securities

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Greece:EAE 2026: Responsible Declaration Template for ATAC/KAEC Issues

On 8 October 2026, AADE released a template for a Responsible Declaration to be used by farmers who face objective difficulties in identifying their Agricultural Holding Identification Code (ATAC) or Property Identification Code (KAEC) when submitting the 2026 Single Application (EAE). This measure addresses cases where cadastral data discrepancies prevent automatic validation, ensuring that applicants

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