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Estonia: Centre Party Proposes Bank Tax to Recapture Excess Profits from Euribor Rise

Estonia /

On 29 September 2026, the Centre Party (Keskerakond) faction in the Riigikogu submitted a draft law proposing a temporary windfall tax on credit institutions to capture excess profits generated by the sharp rise in Euribor rates over the past two years. The proposed bank tax would apply to net interest income exceeding a predefined threshold

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Denmark: Denmark 2027 Budget Preview: Key Tax Policies Announced

Denmark /

On 29 September 2026, The Local Denmark published a preview of the Danish government’s upcoming 2027 budget proposal, scheduled for formal presentation later in October 2026. The article outlines several tax-related measures already announced, including a reduction in VAT on food products, adjustments to the commuter deduction (befordringsfradrag), and the aforementioned mellemskat cut for high

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Estonia: Prime Minister Presents 2027 Budget Focused on Fiscal Consolidation

Estonia /

Prime Minister Kristen Michal presented the 2027 State Budget to the Riigikogu on 29 September 2026, outlining a total expenditure of €21.3 billion and revenues of €19.4 billion, yielding a nominal deficit of 4.0% of GDP – within the government’s self‑imposed ceiling. The budget prioritises defence spending (3.2% of GDP), pension indexation, and investments in

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Poland: Poland Ministry of Finance Issues Communiqué on Tax Policy Updates

Poland /

On 29 September 2026, the Polish Ministry of Finance published an official communiqué outlining recent tax administration measures and policy clarifications. The communiqué addresses procedural updates for taxpayers, including adjustments to filing deadlines, electronic communication protocols with tax authorities, and guidance on the application of recent legislative amendments. It serves as a binding interpretative instrument

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Spain: Spain Balances AI Innovation with Tax Transparency Rules

Spain /

As of 29 September 2026, the Spanish government has advanced a legislative proposal aimed at regulating artificial intelligence systems with a specific focus on fiscal transparency and accountability. The initiative, drafted by the Ministry of Finance in coordination with the European Commission’s AI Act implementation, seeks to establish mandatory reporting requirements for algorithms used in

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Poland: Poland Council of Ministers Approves Tax Cut Package for Middle Class, Robotization Incentives

Poland /

On 29 September 2026, the Council of Ministers adopted a comprehensive tax reform package designed to reduce the tax burden on middle-income earners, incentivize automation and robotization investments, and strengthen anti-avoidance provisions. The legislative proposal, which now proceeds to parliament, includes a reduction in the second personal income tax (PIT) bracket from 32% to 30%

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Russia: Russia FTS Announces PIT Reporting Webinar for Taxpayers

Russia /

On 29 September 2026, the Federal Tax Service of Russia announced a scheduled webinar where a senior FTS specialist will address specific issues related to the calculation and reporting of personal income tax (PIT) for the 2026 tax year. The webinar, part of the FTS’s quarterly taxpayer education program, will cover recent amendments to Chapter

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Lithuania: Lithuania VMI Launches Annual Personal Income Tax Calculator Tool

Lithuania /

On 29 September 2026, the Lithuanian State Tax Inspectorate (Valstybinė mokesčų inspekcija – VMI) officially launched a new virtual tool: the Annual Personal Income Tax (GPM) Calculator. This digital instrument is designed to assist individual taxpayers in accurately estimating their annual personal income tax obligations for the current fiscal year. The release aligns with VMI’s

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Finland: Finland Proposes Expanded Tax Deductibility for Charitable Donations

Finland /

The Finnish Government submitted a legislative proposal on 29 September 2026 to widen the scope and increase the caps for tax-deductible donations. The bill amends the Income Tax Act (1535/1992) Sections 49 and 50, raising the annual deduction ceiling for individuals from €850 to €1,500 and for corporations from 0.5% to 1% of taxable income.

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Spain: Self-Employed Recover Guarantee Costs After Winning Tax Appeal

Spain /

As of 29 September 2026, the Central Economic-Administrative Tribunal (TEAC) has established that the Spanish Tax Agency (AEAT) must reimburse guarantee expenses and pay statutory interest to self-employed individuals who successfully overturn a tax debt through appeal. These guarantees, typically bank guarantees or surety bonds, are required to suspend enforcement proceedings while the dispute is

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