Europe

Serbia: Serbian Tax Administration Publishes Annual Activity Report

On 16 September 2026, the Serbian Tax Administration released its periodic Report on the Work of the Tax Administration of the Republic of Serbia. This report provides a comprehensive overview of the Administration’s operational performance, including tax revenue collection statistics, audit and enforcement outcomes, taxpayer services improvements, and progress on digital transformation initiatives such as

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United Kingdom: Indirect Tax Weekly: VAT Briefs and European Cases 16 Sep 2026

The 16 September 2026 edition of KPMG’s Indirect Tax Weekly Talking Points covers the latest HMRC VAT Briefs, updated guidance on fund management services, and significant European Court of Justice (ECJ) and First-tier Tribunal (FTT) decisions. Key cases address input tax recovery on mixed-use costs, the Tour Operators Margin Scheme (TOMS) application to hybrid travel

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Cyprus:Cyprus Council of Ministers Approves 2027 State Budget

On 16 September 2026, the Council of Ministers of the Republic of Cyprus formally approved the 2027 State Budget and the accompanying 2027-2029 Medium-Term Fiscal Framework (MTFF), setting the government’s financial trajectory for the next three years. The budget, presented by Finance Minister Makis Keravnos, projects a general government surplus of 0.8% of GDP for

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Spain: Spain Extends 2027 Budget Fundamental Lines Deadline to Sept 24

On 16 September 2026, the Ministry of Finance announced an extension of the deadline for local entities to submit their Fundamental Budget Lines (Líneas Fundamentales) for the 2027 fiscal year. The new deadline is 24 September 2026 at 24:00, accessed via the secure SGCIEF application. The Fundamental Lines outline the main budgetary aggregates, including expected

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Andorra: Andorra Approves Draft Law Regulating Tax and Accounting Professions

On 16 September 2026, the Andorran government approved a draft law modernizing the regulatory framework for economic, financial, accounting, and tax professions. The legislation introduces uniform professional standards, enhanced client protection measures, and a centralized professional registry. It aims to elevate service quality across the sector, align with international best practices, and strengthen Andorra’s reputation

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Cyprus:Cyprus Extends Annual PAYE Withholding Tax Return Deadline

On 16 September 2026, the Cyprus Tax Department announced an extension of the deadline for submission of the Annual Declaration of Withholding Tax and Contributions (PAYE) for the 2025 tax year. The original deadline of 30 September 2026 has been extended to 31 October 2026. The extension applies to all employers and withholding agents required

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Ireland: Ireland Budget 2027: Income Tax Cuts and Child Benefit Boost

On 16 September 2026, the Irish Government unveiled the key pillars of Budget 2027, setting out a tax package aimed at easing cost-of-living pressures while maintaining fiscal discipline ahead of the OECD Pillar Two implementation. The Minister for Finance confirmed a widening of the standard rate income tax band by €2,000 to €42,000 for single

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Slovakia: Slovakia Tax Deadline: September End for Late Returns and Cross-Border VAT Refunds

As of 16 September 2026, the Slovak Financial Administration (Finančná správa) has reminded taxpayers that the end of September marks the final deadline for two critical tax obligations. First, the extended filing period for 2025 corporate and personal income tax returns expires on 30 September 2026, with no further extensions permitted. Second, domestic VAT payers

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Spain: Peru Tax Tribunal Defines Interest Deduction Rules for Debt Push-Down Mergers

As of 16 September 2026, the Peruvian Tax Tribunal (Tribunal Fiscal) issued a significant resolution clarifying the deductibility of interest expenses arising from leveraged acquisitions followed by reverse mergers, commonly known as debt push-down structures. The ruling establishes that taxpayers must demonstrate, from the outset, that the financing arrangement responds to a genuine business purpose

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Russia: Moscow Tax Officials Boost Tax Literacy at Family Center

On 16 September 2026, the Moscow FTS office held a tax literacy workshop at the ‘Soglasie’ Family Center. The session covered property tax deductions for housing purchases, education and medical expense deductions, and the simplified tax regime for self-employed individuals. Participants received step-by-step guidance on filing the 3-NDFL declaration via the FTS mobile app and

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