Europe

Romania: Romania ANAF Publishes Insolvency Practitioner Selection Procedures

On 14 September 2026, Romania’s National Agency for Fiscal Administration (ANAF) published a draft presidential order establishing accreditation and selection procedures for insolvency practitioners engaged by the tax authority. The initiative operates under the Fiscal Procedure Code (Law 207/2015) and aims to standardize how ANAF appoints qualified professionals to manage tax-related insolvency proceedings. The draft

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Ukraine:Ukraine Export Settlement Period Extended to 150 Days for Agricultural Goods

On 14 September 2026, the National Bank of Ukraine (NBU), in coordination with the State Tax Service, extended the mandatory repatriation period for foreign currency proceeds from export operations for certain agricultural products from 90 to 150 days. The measure, formalized by NBU Resolution No. 123, applies to exports of grains, oilseeds, and vegetable oils.

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Bulgaria: AICB Position on Extraordinary NSTS Session on Tax and Labor Issues

On 14 September 2026, the AICB issued a formal position ahead of an extraordinary session of the National Council for Tripartite Cooperation (NSTS) convened by the Council of Ministers. The session addressed pressing tax and labor policy issues, including the proposed increase in social security contributions, adjustments to the minimum wage formula, and the introduction

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Andorra: Netherlands Mandates E-Invoicing and Digital Reporting

On 14 September 2026, the Dutch Ministry of Finance published a comprehensive policy framework introducing mandatory electronic invoicing and digital reporting for businesses established in the Netherlands. The framework covers both Business-to-Government (B2G) and Business-to-Business (B2B) transactions and sets a phased implementation timeline: large enterprises must comply by 1 January 2027, mid-sized enterprises by 1

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Germany: German Court Upholds Taxation of Energy Price Lump Sum

On 14 September 2026, the BFH ruled (VI R 15/24) that the taxation of the energy price lump sum (Energiepreispauschale) paid to employees in 2022 as taxable income is constitutional. The court rejected arguments that the lump sum constituted a tax-free reimbursement or that its taxation violated the principle of equality. The decision confirms the

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Portugal: Socialists Accuse Chega of Backing Govt, Demand Immediate VAT Cut on Essentials

On 13 September 2026, the Socialist Party (PS) parliamentary group accused the right-wing Chega party of effectively supporting the minority Government by rejecting an immediate VAT reduction on essential food items. The PS proposed lowering the VAT rate from 6% to 0% on a basket of basic foodstuffs effective 1 October 2026, arguing that waiting

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Albania: Albania Anti‑Avoidance: Business Splitting Under 14M Lek Cap

Released 13 September 2026, this briefing covers the Tax Administration’s intensified scrutiny of business splitting arrangements designed to keep each entity below the 14,000,000 LEK annual turnover threshold that qualifies for the 0% profit tax regime (Law No. 29/2023, Article 69, valid until 31 December 2029). The General Directorate of Taxes now applies a substance‑over‑form

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United Kingdom: Tax Devolution in UK: Benefits and Fiscal War Risks

In his latest City AM column, KPMG’s Head of Tax Policy Tim Sarson examines the UK government’s proposals to devolve greater tax-setting powers to combined authorities and regional mayors. The article argues that fiscal devolution can incentivize local economic growth, improve accountability, and allow tailored tax policies for regional priorities such as housing, skills, and

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Spain: Regional Tax Deductions for Back-to-School Expenses Approved

As of 12 September 2026, the Spanish Association of Tax Advisors (AEDAF) published a guide detailing the autonomous community (CCAA) deductions available for back-to-school expenses in the 2026 Personal Income Tax return. Deductions vary significantly by region: some allow deductions for textbooks, uniforms, school supplies, and even language courses, while others offer no specific deduction.

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Portugal: Former Minister Accuses Chega of Misleading Public on Fuel Pricing

On 12 September 2026, former Infrastructure Minister José Luís Carneiro publicly accused Chega of deliberately misleading Portuguese citizens about the composition of fuel prices. Carneiro detailed that the Tax on Petroleum Products (ISP) and VAT together constitute roughly 55% of the pump price, but emphasized that ISP rates have been frozen since 2022 and VAT

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