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Romania: Romania Launches ATOM Operation Targeting Second-Hand Car Tax Fraud

Romania /

On 1 October 2026, Romania’s National Agency for Fiscal Administration (ANAF) announced the launch of Operation ATOM (Analysis and Traceability of Operations with Machines), a nationwide enforcement action targeting economic operators engaged in the commercialization and intermediation of second-hand vehicles. The General Directorate for Anti-Fraud (DGAF) is spearheading the initiative, which covers 35 entities holding

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Austria: Charitable Services Deadline Extended for Health Reasons

Austria /

In a decision dated 22 September 2026 (RV/2300010/2026), the Federal Fiscal Court granted an extension of the performance period (Leistungsfrist) for charitable services (gemeinnützige Leistungen) due to the taxpayer’s health reasons. The ruling interprets the flexibility available under the Federal Fiscal Code for non-profit organizations facing unforeseen personal circumstances of their representatives. This decision provides

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Luxembourg：France Unveils 2027 Austerity Budget Targeting Pensions

Luxembourg /

On 1 October 2026, the French government presented its 2027 draft budget proposing significant restraint on pension indexation and public sector salary growth in a bid to reassure financial markets and reduce the public deficit below the EU’s 3% of GDP threshold. The budget includes a partial freeze on pension revaluation, limits on civil service

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United Kingdom: UK R&D Tax Relief Reaches £8.2bn Despite 17% Claim Drop

United Kingdom /

According to the latest HM Revenue & Customs (HMRC) statistics published on 1 October 2026, the total value of Research and Development (R&D) tax relief claims paid out by the UK Exchequer has risen to £8.2 billion for the most recent reporting period. This increase occurs despite a notable 17% decline in the number of

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Austria: Austria Tax Rules for Job Training: 12 Key Questions Answered

Austria /

As of 1 January 2026, the Austrian Federal Ministry of Finance has implemented significant amendments to the Income Tax Act (EStG) concerning the tax treatment of professional training and education expenses. These changes, introduced through the 2026 Budget Implementation Act, replace the previous “Bildungskarenz” (training leave) regime with a new “Weiterbildungszeit” (training time) framework. The

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Italy: PwC Assists Ares in Milan Court-Approved Composition Plan

Vatican City /

On 24 September 2026, the Court of Milan approved the composition with creditors (concordato preventivo) filed by Ares S.p.A., an Italian industrial company, under the indirect continuity procedure. PwC Italy acted as financial and tax advisor to Ares throughout the restructuring process, supporting the preparation of the restructuring plan and negotiations with creditors. The court’s

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Moldova: Moldova Appoints New State Tax Service Head Elena Țîbîrnă

Moldova /

As of 1 October 2026, Elena Țîbîrnă has officially assumed the position of Director of the State Tax Service (Serviciul Fiscal de Stat) of the Republic of Moldova. The appointment was formally announced by the Ministry of Finance, with Minister Victoria Belous personally introducing the new director to the institution’s leadership and staff during a

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Romania: ANAF Targets Luxury Asset Purchases Without Economic Justification

Romania /

Effective 1 October 2026, ANAF’s General Directorate for Anti-Fraud commenced targeted verification actions against companies that have acquired luxury goods and developed leisure amenities without demonstrable economic justification. This initiative addresses a recurring tax evasion pattern where corporate funds are diverted for personal benefit through the purchase of high-end vehicles, yachts, real estate, and recreational

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Austria: Turkish Entrepreneur Input VAT Deduction for Fuel in Refund Procedure

Austria /

The Federal Fiscal Court ruled on 16 September 2026 (RV/2100020/2023) regarding the entitlement of a Turkish entrepreneur to input VAT deduction for fuel expenses within the Austrian VAT refund procedure for non-EU businesses. The court examined the reciprocity condition and the direct link between the fuel acquisition and taxable transactions in Austria. This decision is

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United Kingdom: LITRG Advises Loan Charge Taxpayers on Settlement Offers

United Kingdom /

The Low Incomes Tax Reform Group (LITRG) has issued updated guidance on 1 October 2026 urging taxpayers caught by the Loan Charge legislation to seriously evaluate settlement offers from HM Revenue & Customs (HMRC). The Loan Charge, introduced via Finance Act 2019, taxes disguised remuneration loan schemes used since 1999 as income in a single

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