Europe

Estonia: PM Michal Signals Fuel Excise Cut Monitoring Neighboring Countries’ Actions

In an interview on the programme “Stuudios on peaminister” broadcast on 28 September 2026, Prime Minister Kristen Michal adopted a more flexible stance on fuel excise duties, stating that the government “monitors neighbouring countries’ actions” regarding potential reductions. This marks a departure from Finance Minister Jürgen Ligi’s earlier insistence on maintaining current excise levels to

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France: France Mandates E-Invoicing for Large and Mid-Sized Companies

As of 1 September 2026, the French Directorate General of Public Finances (DGFiP) has enforced the mandatory e-invoicing mandate for large enterprises and mid-sized companies (ETIs), requiring them to issue invoices exclusively through certified Platforme de Dématérialisation Partenaire (PDP) platforms. Simultaneously, all French companies, regardless of size, must be equipped to receive electronic invoices. This

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Serbia: Serbia Inventory Rules: Internal Acts Cannot Alter Statutory Deadlines

The Ministry of Finance’s Sector for Accounting and Auditing issued an official opinion (Sluzbeno misljenje) on 28 September 2026 clarifying the scope of internal acts (interni akti) in regulating inventory (popis) procedures. While companies are encouraged to adopt internal rules detailing the organization, methodology, and responsibilities for conducting mandatory annual inventories (per Article 19 of

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Bosnia and Herzegovina:Republika Srpska Tax Authority Reminds Property Tax Installment Due Sep 30

The Tax Administration of Republika Srpska issued a public reminder on 28 September 2026 that the deadline for payment of the second installment of property tax for the 2026 fiscal year falls on Monday, 30 September 2026. The announcement targets all liable property owners, including individuals and legal entities, who are required to settle their

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Estonia: Full Budget Details: €21.3bn Plan Boosts Defence, Pensions; Cuts Healthcare

The full text of the 2027 State Budget Bill, released on 28 September 2026, reveals a detailed allocation of the €21.3 billion expenditure envelope. Defence spending rises to €680 million (3.2% of GDP), fulfilling the NATO 2% guideline with a margin for capability development. Pension expenditures increase by €120 million due to indexation and a

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Spain: Tax Authority Must Prove Fraud for 150% Penalty on Bookkeeping Errors

On 28 September 2026, the TEAC issued a binding resolution requiring the Tax Agency to demonstrate fraudulent intent before applying the maximum 150% penalty for irregularities in accounting books. The resolution stems from a case where the Tax Agency imposed the heightened penalty based solely on the detection of false amounts in the taxpayer’s books,

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Spain: Spain Tax Filing Calendar: October 2026 Self-Assessment Deadlines

On 28 September 2026, the Spanish Tax Agency updated its taxpayer calendar detailing all declarations and self-assessments with filing deadlines ending in October 2026. The calendar covers periodic VAT returns (Model 303), personal income tax installment payments (Model 130), corporate income tax prepayments (Model 202), and withholding tax declarations (Models 111, 115, 123). The schedule

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Serbia: Serbia-Switzerland Social Security: Exemption for Founders Insured Abroad

On 28 September 2026, the Republic Fund for Pension and Disability Insurance (RF PIO) issued an official opinion confirming that a founder and legal representative (osnivač i zakonski zastupnik) of a Serbian limited liability company (d.o.o.) who is simultaneously subject to mandatory social insurance in Switzerland under the Swiss social security system may request exemption

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Italy: US Customs Intensifies Scrutiny on Non-Resident Importers of Record

As of 28 September 2026, U.S. Customs and Border Protection (CBP) has significantly heightened its enforcement focus on non-resident Importers of Record (IOR) shipping goods into the United States. This development, analyzed by PwC Italy’s customs and trade specialists, directly affects Italian and European exporters who act as IOR for their U.S. customers without a

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Estonia: Finland Explores Fuel Tax Cuts to Lower Soaring Motor Fuel Prices

The Finnish Government announced on 28 September 2026 that it is actively examining options to reduce motor fuel prices, which have surged to over €2.50 per litre for petrol in some regions. Prime Minister Petteri Orpo stated that “tax measures are on the table”, including a temporary reduction in excise duties on petrol and diesel,

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