Europe

Italy: Local Taxes 2027: New Penalty Rules for IMU, TARI, Stay Tax

Legislative Decree 147/2026, effective 1 January 2027, aligns local tax penalties with the general tax penalty framework and expands the voluntary disclosure (ravvedimento operoso) mechanism. It introduces predetermined penalty measures for IMU (property tax), TARI (waste tax), and tourist stay tax violations, providing greater certainty for taxpayers and municipalities. Key Takeaways Harmonized Penalty Framework: Penalties

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Norway: Norway Proposes New Company Car Taxation Model for 2027

On 8 October 2026, the Norwegian government presented its 2027 state budget proposal, which includes a fundamental redesign of the taxation regime for company cars. The new model, slated to take effect from 1 January 2027, replaces the current fixed-percentage method with a dynamic calculation based on the vehicle’s actual market value, CO2 emissions, and

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Estonia: Chamber of Commerce Proposes Temporary Diesel Excise Cut

The Estonian Chamber of Commerce and Industry (ECCI) submitted a formal proposal on 8 October 2026 urging the government to temporarily reduce the diesel excise duty to the EU minimum level for a period of six months. The request cites the disproportionate impact of recent fuel price spikes on logistics, agriculture, and construction sectors, which

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Spain: Spain Confirms Mandatory E-Invoicing Rollout Timeline for Self-Employed

On 8 October 2026, the Spanish Tax Agency (AEAT) confirmed the operational launch of the mandatory electronic invoicing calendar established under the “Crea y Crece” Law and the VeriFactu regulatory framework. The obligation takes effect first for companies and self-employed professionals with an annual turnover exceeding €8 million, who must issue invoices exclusively through certified

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United Kingdom: HMRC Updates Vaping Duty Stamps Approval for Warehousekeepers

On 8 October 2026, HMRC published updated guidance for customs warehousekeepers and UK representatives of overseas manufacturers on how to change their existing approval for Vaping Duty Stamps. This follows the introduction of the Vaping Products Duty in the Finance Act 2024, which imposes a duty on vaping liquids and requires approved duty stamps for

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United Kingdom: UK Tax Brief: Banking Code Compliance & Economic Outlook Sep 2026

The 8 October 2026 ‘Other News in Brief’ section of Tax Matters Digest summarizes two notable items. First, HMRC’s annual report on the Banking Code of Practice shows continued high compliance among major UK banks with tax governance standards. Second, KPMG released its September 2026 UK Economic Outlook, providing updated forecasts for GDP growth, inflation,

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Ireland: Irish State Investment Account Launched: Assessing Value for Taxpayers

The National Treasury Management Agency (NTMA) launched the State Savings Investment Account on 8 October 2026, a new tax-advantaged product offering exemption from DIRT and Capital Gains Tax on returns up to the €12,000 annual contribution limit. The account invests in a diversified portfolio of Irish and EU government bonds, corporate bonds, and equities, managed

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Italy: Tax Assessment Deadlines Map: 2026-2029 Limitations Statute

The statute of limitations for tax assessments no longer depends solely on the declaration filing year. Recent reforms introduce multiple extension factors: ISA (Synthetic Reliability Indices) benefits, payment traceability, renewal of the Biennial Preventive Agreement (CPB), special voluntary disclosures, supplementary declarations, tax credits, and preventive contraddittorio. The article maps deadlines from 2026 to 2029. Key

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North Macedonia: North Macedonia Announces Tax Enforcement Auction No. 09/2026

On 7 October 2026, the Public Revenue Office (PRO) issued Announcement No. 09/2026 for the electronic auction (e-Auction) of movable and immovable assets seized from tax debtors. The auction, conducted via the PRO’s dedicated e-Auction platform, includes a diverse portfolio of properties—commercial real estate, vehicles, equipment, and other valuables—arising from enforced collection proceedings under the

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Poland: Poland: Six-Month Inheritance Reporting Deadline Starts at Death, Not Foreign Ruling

On 7 October 2026, the Polish Supreme Administrative Court (NSA) ruled that the six-month deadline for reporting an inheritance from a person who died abroad begins on the date of death, not on the date a foreign court decision recognizing the inheritance becomes final. The tax authority had incorrectly argued that the period starts only

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