Europe

Slovakia: Slovakia Tax Control ‘Hot Summer 5’ Boosts Recorded Revenue by €2.4M

The Financial Administration’s “Hot Summer 5” preventive and control action, conducted during the 2026 summer season, concluded with significant measurable results announced on 22 September 2026. Officers performed over 3,100 test purchases to verify compliance with the mandatory electronic cash register system (online cash registers linked to the tax authority in real time). The initiative

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Lithuania: Lithuania Inheritance Tax Rules Change for Investment Portfolios Oct 1

Effective 1 October 2026, Lithuania implemented amendments to the Law on Inheritance Tax (Lietuvos Respublikos paveldėjimo mokesčio įstatymas) that fundamentally alter the valuation and taxation of inherited investment portfolios. The changes, adopted by the Seimas on 15 July 2026 (No. XIV‑1234), introduce a market‑value‑at‑date‑of‑death principle for listed securities, replacing the previous average‑price‑over‑six‑months method. For unlisted

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Albania: Albania Transparency Board Imposes Temporary Fuel Price Limits

On 22 September 2026, the Albanian Transparency Board issued a decision imposing temporary maximum wholesale and retail prices for petroleum and gas sub-products. The measure is grounded in Council of Ministers Decision No. 711, dated 16 September 2026, which declared a state of price monitoring for essential energy products. The Board’s intervention aims to curb

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Slovenia: Slovenia Tax Accounting: State Funds, Donations & Sponsorships Guide

As of 22 September 2026, the Računovodja.com portal released a new e-document addressing the accounting and tax treatment of state funds, donations, and sponsorships received by institutes (zavodi) in Slovenia. With the increasing complexity of nonprofit financing under the Companies Act (ZGD-1) and the VAT Act (ZDDV-1), this guide provides critical clarity on distinguishing between

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Lithuania: Lithuania Minister Sinkevičius Signals Tax Reform Priorities

In a comprehensive interview published on 22 September 2026, Lithuanian Economy and Innovation Minister Aušrinė Armonaitė (referred to as M. Sinkevičius in the headline) addressed the government’s tax policy agenda amid ongoing geopolitical and economic challenges. The discussion covered potential adjustments to value-added tax (VAT) rates, excise duties on fuel—particularly diesel—and targeted tax relief measures

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Estonia: 43,000 Estonian E-Resident Firms Face Global Tax Risks

In an opinion piece published on 22 September 2026, tax advisor Linell Raud warned that approximately 43,000 Estonian e-resident companies may face unforeseen tax liabilities in up to 187 jurisdictions. The article highlights a systemic gap in the communication of international tax obligations to non-resident entrepreneurs who incorporate in Estonia via the e-Residency program. While

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United Kingdom: UK Trader Support Service Launches New Customs Platform Migration

On 22 September 2026, HM Revenue & Customs issued an urgent advisory for all users of the Trader Support Service (TSS) to prepare for mandatory migration to a new, upgraded digital platform. The TSS, a free government-funded service established to assist businesses moving goods between Great Britain and Northern Ireland under the Windsor Framework, is

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Denmark: Denmark Tax Authority Admits Errors in Crypto Tax Case Handling

On 22 September 2026, Skattestyrelsen publicly acknowledged systematic errors in the processing of cryptocurrency taxation cases. The mistakes pertain to the calculation of taxable gains on crypto asset disposals, where incorrect cost-basis methodologies were applied in certain decisions. The Authority has initiated a review of all affected cases and will issue corrected tax assessments automatically.

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Spain: Tax Authority Blocks Master’s Degree Deduction Pre-Dating Self-Employment

On 22 September 2026, the DGT reaffirmed its long-standing criterion that training expenses (such as a master’s degree) incurred before the taxpayer registers in the Special Regime for Self-Employed Workers (RETA) are not deductible for Personal Income Tax (IRPF) or VAT purposes. The rationale is that the expense must be directly related to the economic

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Liechtenstein: Swiss Federal Tax Brackets Adjusted for 2027 Cold Progression

On 22 September 2026, the Swiss Federal Tax Administration (FTA) released its annual circular on the compensation for cold progression and the applicable interest rates for direct federal tax for the upcoming 2027 tax year. Cold progression, often referred to as bracket creep, occurs when inflation pushes nominal incomes into higher tax brackets without a

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