Europe

Germany: Import VAT Offset Model Clears Key Hurdle at Finance Ministers’ Conference

On 15 September 2026, the Conference of Finance Ministers (Finanzministerkonferenz) adopted a landmark decision to introduce an offsetting model (Verrechnungsmodell) for import VAT (Einfuhrumsatzsteuer) based on recommendations from a federal-state working group. For years, the DStV has advocated this mechanism to alleviate severe liquidity burdens on importing businesses, which currently must pay import VAT at

Germany: Import VAT Offset Model Clears Key Hurdle at Finance Ministers’ Conference Read More »

Luxembourg: Luxembourg Tax Law Update Event: Insights for Professionals 2026

PwC Luxembourg’s “Aktuelles aus dem Steuerrecht” (Current Tax Law Updates) event took place on 15 September 2026, bringing together tax specialists, legal counsel, corporate finance advisors, and in-house tax managers for a half-day conference on the most pressing developments in Luxembourg and European tax law. The program, delivered in German with English materials, covered four

Luxembourg: Luxembourg Tax Law Update Event: Insights for Professionals 2026 Read More »

Netherlands: Netherlands Presents 2027 Tax Plan for Fairer, Efficient System

On 15 September 2026, the Dutch Ministry of Finance, represented by State Secretary Eerenberg, presented the Belastingplan 2027 (Tax Plan 2027) to the House of Representatives (Tweede Kamer). This comprehensive legislative package outlines the government’s proposals for a more effective tax system and sound public finances for the fiscal year 2027. The plan addresses structural

Netherlands: Netherlands Presents 2027 Tax Plan for Fairer, Efficient System Read More »

Sweden: Sweden Tax Deductions: AI ChatGPT Advice Risks for Accountants

As of September 2026, the Swedish accounting profession faces growing scrutiny over the use of generative artificial intelligence in tax advisory work. In a prominent opinion piece published in Balans, authorized public accountant and firm manager Anna Wallman details a concerning case where ChatGPT provided erroneous tax deduction guidance that could have led to incorrect

Sweden: Sweden Tax Deductions: AI ChatGPT Advice Risks for Accountants Read More »

Bosnia and Herzegovina:Tax Administration Highlights Digitalization at Ohrid Conference on Tax Discipline

Representatives of the Tax Administration of Republika Srpska participated in a regional conference held in Ohrid, North Macedonia, from 9 to 11 September 2026. The conference, dedicated to current economic and fiscal challenges facing Western Balkans countries that are not yet European Union members, featured high-level panels on revenue mobilization, tax administration reform, and the

Bosnia and Herzegovina:Tax Administration Highlights Digitalization at Ohrid Conference on Tax Discipline Read More »

United Kingdom: HMRC Changes VAT Refund Policy for Non-UK Businesses in VAT Groups

Effective for VAT incurred from 1 July 2026, HMRC has changed its policy on VAT refund claims for non-UK businesses that are members of a UK VAT group. Previously, the representative member of the VAT group could submit a consolidated refund claim on behalf of all members, including non-UK entities. Under the new policy, each

United Kingdom: HMRC Changes VAT Refund Policy for Non-UK Businesses in VAT Groups Read More »

Slovenia: Slovenia Minimum Tax Yields €8.7M in First Filings Under Pillar Two

On 15 September 2026, the Slovenian Government disclosed the first quantitative results of the Minimum Tax (Pillar Two) implementation, effective for fiscal years starting on or after 31 December 2023. As of 10 September 2026, multinational enterprise groups and large domestic groups filed returns showing a total top-up tax liability of €8.68 million. This comprises

Slovenia: Slovenia Minimum Tax Yields €8.7M in First Filings Under Pillar Two Read More »

United Kingdom: VAT Cut on Domestic Electricity Bills Confirmed from October 2026

Legislation has been enacted to deliver the government’s commitment to reduce the VAT rate on domestic electricity bills from 5% to 0% for the period 1 October 2026 to 31 March 2027. The measure, announced in the Spring Statement 2026, received Royal Assent on 15 September 2026. Energy suppliers must update their billing systems to

United Kingdom: VAT Cut on Domestic Electricity Bills Confirmed from October 2026 Read More »

Slovenia: Slovenia Updates SIAES2 RIP Developer Instructions to Version 1.10

On 15 September 2026, FURS released version 1.10 of the RIP (Rules for Implementation of Procedures) developer instructions for the SIAES2 customs system. The update implements the final technical requirements for the Export Declaration (DDNXA) message structure, aligning with the EU’s Customs Code (UCC) and the Annual Update Cycle for electronic data exchange. Software developers

Slovenia: Slovenia Updates SIAES2 RIP Developer Instructions to Version 1.10 Read More »

Netherlands: 2027 Dutch Tax Plan Summary: Two-Page Overview of Key Changes

Meijburg & Co has condensed the extensive 2027 Tax Plan documentation into a concise two-page executive summary designed for rapid assimilation by tax directors, CFOs, and compliance officers. The overview categorizes measures into Corporate Income Tax, Payroll Taxes, VAT and Environmental Taxes, International Tax (including BEPS 2.0 Pillar Two implementation), and Legal & Administrative changes.

Netherlands: 2027 Dutch Tax Plan Summary: Two-Page Overview of Key Changes Read More »