Europe

Romania: Bucharest Beauty Salon Pays 900K Lei After Anti-Fraud Tax Audit

Following a risk-based fiscal analysis, ANAF’s Anti-Fraud Directorate executed a targeted audit on 29 September 2026 at a beauty salon in Bucharest, resulting in the recovery of over 900,000 lei for the state budget. The investigation uncovered multiple tax deficiencies, including unreported revenue from aesthetic services, incorrect VAT application, and failure to issue fiscal receipts

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Poland: Poland Raises Second Tax Threshold: Winners and Losers of PIT Changes

On 29 September 2026, the Ministry of Finance detailed the distributional effects of raising the second personal income tax (PIT) threshold from PLN 120,000 to PLN 150,000 annually. The change, part of the broader tax package, reduces the 32% marginal rate applicability for a segment of earners while the new IT levy offsets revenue losses.

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Portugal: Portugal Constitutional Court Upholds IMI/AIMI Review Limits

On 29 September 2026, the Constitutional Court published Acórdão (extrato) n.º 665/2026, ruling that the interpretation of Article 78(4) and (5) of the General Tax Law (LGT) — which prevents using the official review mechanism to challenge property valuation acts underlying Municipal Property Tax (IMI) and Additional IMI (AIMI) when those acts were not timely

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Cyprus: Cyprus Cabinet Reviews Zero VAT Heating Oil Cost-of-Living Package

On 29 September 2026, Cyprus Finance Minister Makis Keravnos announced a cost-of-living relief package featuring zero VAT on heating oil, aimed at reducing household energy costs before winter. The measure is expected to take effect from 1 November 2026 pending Cabinet approval. Disclaimer: This article is compiled and summarized by the AI based on publicly

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Poland: Polish Prime Minister Confirms Tax Changes Awaited by Millions

On 29 September 2026, Prime Minister Donald Tusk publicly confirmed the government’s tax reform agenda, emphasizing measures long anticipated by citizens. The announcement precedes the formal legislative submission and includes the second PIT threshold increase, VAT changes on selected beverages, and the IT solidarity levy. The Prime Minister framed the package as a fairness correction.

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United Kingdom: UK Compliance Checks Guidance for Large Complex Businesses Updated

On 29 September 2026, HMRC released updated guidance CC/FS1c covering compliance checks for large and complex businesses. This publication forms part of HMRC’s ongoing transparency initiative to clarify the compliance check process for multinational enterprises and large corporate groups. The guidance outlines the framework HMRC uses to select businesses for review, the powers available to

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Sweden: Sweden Weekly Tax Monitor: Week 39 Updates on Accounting, Payroll, Tax

During Week 39 of 2026 (September 28–October 4), FAR’s “Utblick” highlights three significant supervisory actions. The Swedish Inspectorate of Auditors (Revisorsinspektionen) issued three distinct warnings: one concerning insufficient documentation of independence in group audits, another on deficient money laundering risk assessments in smaller firms, and a third on inadequate quality control systems for sustainability reporting

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Lithuania: Lithuania Updates Crypto Asset User Reporting Rules for VMI

On 28 September 2026, the State Tax Inspectorate (VMI) amended the Order No. VA-119 of 10 December 2025 regarding the procedure for submitting data on crypto asset users to the tax authority. The amendment, formalized by Order No. VA-63 dated 24 September 2026 (TAR 2026-09-24 No. 2026-14322), expands the scope of reportable transactions and introduces

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Cyprus:Cyprus Tax Department Releases 2025 Tax Return Guidance

On 28 September 2026, the Cyprus Tax Department published comprehensive guidance for the 2025 personal income tax return filing season. The guidance covers updated tax brackets, allowable deductions, tax credits, and electronic submission procedures via the TAXISnet platform. The filing deadline for individuals is set for 31 July 2026, with extensions available upon request. The

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Denmark: Denmark Tax Policy: FSR Proposal Cited for Legal Certainty Reform

On 28 September 2026, Danish Tax and Growth Minister Jakob Engel-Schmidt emphasized legal certainty as a top political priority, explicitly referencing FSR Danish Auditors’ tax policy proposal “Time for Trust” (Tid til tillid) as a relevant contribution to the ongoing governmental work. The Minister’s acknowledgment signals a potential shift towards incorporating professional input from the

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