Europe

United Kingdom: UK IHT Charitable Giving Rules Revised, CIOT Welcomes Change

On 29 October 2026, the Chartered Institute of Taxation (CIOT) welcomed a legislative amendment to the inheritance tax (IHT) treatment of pension assets that previously created a technical barrier to claiming the reduced 36% IHT rate (applicable when 10% or more of the net estate is left to charity). The change, included in the Finance

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Moldova: Moldova Focuses on Tax Administration Digitalization at Tech Roundtable

On 29 October 2026, State Secretary Natalia Doroftei participated in a high-level roundtable titled “Tax Administration of the Future: Data, Technology, and Trust,” organized by the Chamber of Commerce and Industry of Moldova with support from the World Bank and the OECD. The event focused on the Ministry of Finance’s Digital Transformation Strategy 2025-2028, which

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Spain: Spain Busts Cybercrime Money Laundering Via Wine, Machinery Assets

On 28 October 2026, the Spanish Tax Agency (Agencia Tributaria) and the National Police announced the dismantling of a sophisticated money-laundering network operated by a cybercrime organization. The joint operation uncovered a scheme where proceeds from online scams were channelled into the purchase of high-value assets, specifically wine inventories and industrial machinery, to obscure the

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Spain: Final Days for Self-Employed to Set Up Tax Account for Offset Refunds

As of 28 October 2026, the Spanish Tax Agency reminds self-employed individuals and SMEs that the deadline to apply for a tax current account (cuenta corriente tributaria) is 2 November 2026. This mechanism allows taxpayers to offset outstanding tax debts against refunds due from the Treasury during 2027, improving cash flow management. The application must

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United Kingdom: UK Founders’ Relief Proposed: Incentive for Entrepreneurs with Caveats

On 28 October 2026, the CIOT responded to the government’s proposal for a new ‘Founders’ Relief’ – a capital gains tax (CGT) relief aimed at rewarding individuals who establish and grow successful businesses. While supporting the policy objective, the CIOT warned that the relief must avoid the ‘beartraps’ – complex anti-avoidance conditions and cliff-edge disqualifiers

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Ireland: UK Autumn Budget 2026: Business & Entrepreneurial Tax Measures

On 28 October 2026, HM Treasury released the Autumn Budget 2026 detailing significant business and entrepreneurial tax announcements. The statement, delivered by the Chancellor of the Exchequer, introduces a suite of measures targeting corporate tax rates, capital allowances, research and development incentives, and small business reliefs. These changes aim to stimulate investment, support innovation, and

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Netherlands: Netherlands Shipping Offshore Tax Update November 2026

Meijburg & Co released its November 2026 Tax Update for Shipping & Offshore on 28 October 2026, providing a comprehensive overview of recent legislative amendments, court rulings, and administrative guidance affecting the Dutch maritime sector. The update addresses critical developments in the tonnage tax regime, including the application of the tonnage tax to bareboat charters

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Poland: President Signs VAT Amendment Simplifying International Trade Compliance

President Andrzej Duda signed the VAT Act amendment on 28 October 2026, introducing simplifications for entrepreneurs engaged in international trade. The changes aim to reduce compliance costs, clarify place-of-supply rules for B2B services, and align domestic law with EU VAT directives, particularly regarding chain transactions and call-off stock. Key Takeaways Chain Transaction Rules: Simplified invoicing

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Portugal: Portugal Property Transfer Tax Revenue Triples in Decade

According to data released on 28 October 2026, revenue from the Municipal Property Transfer Tax (IMT) has more than tripled over the past ten years, reaching a record €1.8 billion in 2025. The surge reflects sustained real estate price appreciation and transaction volumes, driven by foreign investment, tourism-related purchases, and limited housing supply. Consequently, municipalities

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Ukraine: Rivne Taxpayers Transfer 13B UAH Personal Income Tax to Budget

The 28 October 2026 Rivne Tax Directorate announcement confirms that personal income tax (PIT) revenues exceeded 13 billion UAH for January–September 2026, marking a 14% increase over the comparable 2025 period. Growth drivers include the construction boom (post-damage reconstruction), IT service export expansion, and the 2026 minimum wage hike (to 8,000 UAH from January) lifting

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