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Ukraine: Ukraine VAT: Safely Writing Off Destroyed Fixed Assets Without VAT Accrual

Ukraine /

On 7 October 2026, the STS outlined the procedural requirements for writing off fixed assets destroyed due to military actions, natural disasters, or accidents without triggering deemed supply VAT under Article 138 of the Tax Code. The guidance is critical for enterprises in frontline regions and those affected by infrastructure attacks, ensuring that VAT is

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Czech Republic: Czech Income Tax Act Overhaul: Assets, Depreciation, Leasing Rules

Czech Republic /

As of 7 October 2026, the Czech Ministry of Finance has unveiled a comprehensive amendment to the Income Tax Act (Zákon o dani z příjmů) that will fundamentally reshape corporate taxation. The proposal, drafted in tandem with the new Accounting Act, moves beyond mere terminology updates to implement conceptual shifts in asset valuation, depreciation methodologies,

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Norway: Norway 2027 Budget: Major Tax and Duty Proposals Unveiled

Norway /

On 7 October 2026, the Norwegian Government presented its proposed State Budget for 2027, outlining significant changes to the tax and duty framework. The budget, submitted by the Støre administration, aims to address fiscal sustainability, climate transition funding, and international tax alignment. Key proposals include adjustments to corporate income tax rates, modifications to value-added tax

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United Kingdom: Holding Company Input Tax: Indirect Tax Weekly 7 Oct 2026

United Kingdom /

The 7 October 2026 Indirect Tax Weekly Talking Points focuses on the First-tier Tribunal decision in Victoria Oil & Gas Plc v HMRC. The case examined a holding company’s right to input tax deduction where it undertook a non-economic activity. The Tribunal held that the company’s activities did not constitute an ‘economic activity’ for VAT

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Italy: CPB and Associated Firms: Entry, Exit, 35,000 Euro Threshold

Italy /

Legislative Decree 148/2026 introduces a derogation for cooperative compliance (CPB) renewal: partnerships and associated firms can admit new partners with revenues under 35,000 euros without losing CPB status. Previously, any composition change risked disqualification. The rule aims to support small professional firms. Effective 8 October 2026. Key Takeaways Revenue Threshold: New entrants must have individual

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Poland: Poland: Retention Tank Property Tax Liability Falls on Tank Owner

Poland /

On 7 October 2026, the Mayor of Ostrołęka issued an interpretation confirming that the property tax liability for a stormwater retention tank and its necessary infrastructure rests with the company that owns the tank, not the owner of the land on which it is situated. This clarification resolves a common dispute in local tax practice

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Ukraine: Ukraine Tax Penalties: Separate Fines for Each Late Form 20-OPP Submission

Ukraine /

Effective 7 October 2026, the State Tax Service confirmed its interpretation of Article 122 of the Tax Code regarding penalties for late submission of Form 20-OPP (Report on Settlement Operations with Payment Cards). Each overdue report for a separate settlement period (month/quarter) incurs a distinct fine of UAH 170–510, not a single consolidated penalty. This

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Czech Republic: Czech Constitutional Court Upholds Lawyer-Client Privilege in Tax Proceedings

Czech Republic /

On 7 October 2026, the Czech Constitutional Court (Ústavní soud) delivered a landmark judgment affirming that lawyer–client confidentiality (advokátské tajemství) constitutes a constitutional barrier for tax administrators during evidence gathering. The case originated from a tax audit where the financial administration sought access to communications between a taxpayer and their legal counsel. The Court ruled

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Hungary: NAV Monitors Feed Market, Sanctions Non-Compliant Traders

Hungary /

On 7 October 2026, the Hungarian National Tax and Customs Administration (NAV) announced enhanced monitoring of the straw feed market following negative trends observed in recent months. The tax authority is deploying auditors and data analysts to identify operators who violate tax regulations, while simultaneously providing guidance to compliant businesses. The initiative aims to curb

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Poland: Poland KIS: Not All KSeF Invoice Errors Require Zero-Correction

Poland /

On 7 October 2026, the Director of the National Tax Information (KIS) issued an individual interpretation stating that an issuer of a structured invoice (KSeF) who incorrectly fills in the ‘Podmiot3’ field (identifying the actual recipient) is not required to issue a correcting invoice ‘to zero’ (i.e., cancel and reissue). Instead, the error can be

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