The Code of Practice on Taxation for Banks Annual Report 2026 was laid before Parliament on 1 October 2026, covering the reporting period April 2025 to March 2026. The Code, introduced in 2009 and updated in 2016, sets out principles for tax planning, governance, and transparency for UK banking groups and building societies. This year’s
United Kingdom: UK Bank Taxation Code Annual Report 2026 Released Read More »
As of 1 October 2026, the EUR/PLN exchange rate for 1 October 2026 was published, setting the 2027 lump-sum taxation (ryczałt ewidencjonowany) revenue limit at PLN 1,094,250 (equivalent to EUR 250,000). This limit applies if the President signs the government’s amendment bill. The lump-sum regime remains available only to entrepreneurs whose 2026 revenues do not
Poland: Poland 2027 Lump-Sum Tax Limits Set at 1.09M PLN Revenue Read More »
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
Romania: ANAF Targets Luxury Asset Purchases Without Economic Justification Read More »
On 1 October 2026, the Serbian Tax Administration (Poreška uprava) opened the filing period for freelancers to declare income earned during the third quarter of 2026. The declaration window runs from 1 to 30 October 2026. This obligation stems from the Law on Personal Income Tax, which requires individuals earning income from freelance activities to
Serbia: Serbia Freelancer Income Filing: Q3 2026 Declaration Opens Oct 1-30 Read More »
On 1 October 2026, the BRICS Tax Administrations announced the launch of a new suite of digital tools designed to facilitate cross-border business operations and enhance knowledge exchange among member states. The initiative, unveiled at the BRICS Working Group on Sourcing and Use of Data meeting, includes a unified electronic certification platform, a shared database
Russia: BRICS Tax Administrations Launch Business Tools, Knowledge Exchange Read More »
On 22 September 2026, the Federal Fiscal Court issued a ruling with a legal principle (RV/7400141/2021) confirming that the appellant was the owner of gambling machines (Glücksspielautomaten) held in her name, and that these devices were not skill-based machines (Geschicklichkeitsautomaten). This classification is critical for gambling tax liability under Austrian law. The decision, published on
Austria: Gaming Machine Ownership Confirmed: Not Skill-Based Devices Read More »
On 1 October 2026, the Tax Administration of the Federation of Bosnia and Herzegovina disclosed that its inspectors in the Herzegovina-Neretva Canton (HNK) carried out 71 inspection supervisions in the recent period. The regional enforcement actions concentrated on businesses operating in the canton’s urban centers, with particular attention to fiscalization compliance, proper issuance of fiscal
Bosnia and Herzegovina: FBiH Tax Inspectors Conduct 71 Inspections in HNK Region Read More »
On 1 October 2026, the Revenue Agency clarified through a principle of right that the 30-day deadline to file an adhesion request (istanza di adesione) to a tax settlement deed (schema di atto) is not suspended during the August ferial period (1-31 August) nor during the administrative suspension (1 August – 4 September). This means
Italy: Italy Adhesion Request to Tax Settlement Deed Not Suspended in August Read More »
As of 31 August 2026, the Slovak Financial Administration reported that tax enforcement officers collected EUR 227.3 million in tax arrears during the first eight months of 2026, representing a EUR 6.4 million increase year-on-year. The enforcement effectiveness rate surged by 16.03 percentage points to a historic high of 44.8 percent. The Administration attributed the
Slovakia: Slovakia Tax Collection Hits Record 44.8% Recovery Rate Read More »
The Federal Fiscal Court decided on 24 September 2026 (RV/7102960/2023) a complex VAT case involving a Hungarian lease agreement, the use of a VAT identification number (UID), and the determination that the property was not acquired for the taxpayer’s enterprise. The ruling addresses the cross-border VAT treatment of real estate leasing and the conditions for
Austria: Hungarian Lease, VAT ID Use, Not Acquired for Business: VAT Ruling Read More »
