Europe

Italy: Italy: Digital Financial Instruments Excluded from Special Regime

On 10 September 2026, the Italian Revenue Agency published ruling No. 170/2026 addressing the tax treatment of income derived from digital financial instruments. The ruling establishes that the manager of the register for digital circulation (gestore del registro per la circolazione digitale) cannot be equated to a traditional financial intermediary and therefore cannot operate as

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Sweden: FAR Issues New Guidance on Auditor’s Income Tax Report Statement

Effective 10 September 2026, FAR has issued Recommendation RevR 21 “The Auditor’s Statement on the Income Tax Report” (Revisorns uttalande om inkomstskatterapporten), providing authoritative guidance for auditors on the special statement required under Chapter 7, Section 4 of the Swedish Annual Accounts Act (1995:1554) for entities subject to public country-by-country reporting (CbCR) obligations. The recommendation

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Italy: Italy Agricultural Fuel Tax Credit: Apply to AGEA by Month-End

On 10 September 2026, the Official Gazette published Decree 24 July 2026, issued by the Minister of Agriculture, Food Sovereignty and Forests in concert with the Minister of Economy and Finance, implementing the tax credit for the purchase of diesel and gasoline for agricultural activities introduced by Article 8‑ter of Decree‑Law No. 38 of 27

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Russia: Russia-Uzbekistan Tax Academies Sign Strategic Partnership Agreement

On 10 September 2026, the FTS LAB Academy (Moscow) and the Higher Tax School under the State Tax Committee of the Republic of Uzbekistan (Tashkent) executed a five-year Memorandum of Understanding aimed at harmonizing tax administration curricula, joint research on digital taxation, and mutual recognition of professional certifications. The agreement, signed during the 4th Eurasian

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Belarus: Belarus-Russia Precious Metals Agreement Effective Oct 2026

The Agreement between the Government of the Republic of Belarus and the Government of the Russian Federation on cooperation in the field of precious metals, precious stones, and products made from them, signed in Moscow on 19 December 2025, enters into force on 6 October 2026. The treaty establishes a unified regulatory framework for the

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Hungary: NAV Exposes HUF 46M Tax Evasion in Private Facebook Luxury Group

On 10 September 2026, the NAV revealed an investigation into a private Facebook group where the administrator sold branded luxury goods (Calvin Klein, Gucci, Nike, etc.) with a total turnover exceeding HUF 46 million, completely outside the tax system. The operator had no tax number and failed to report any income or charge VAT. The

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Russia: FTS Unveils Enhanced Business Risk Assessment Tool for Corporates and SMEs

On 10 September 2026, Deputy Head of the FTS Sergey Dubachev presented the Version 3.0 upgrade of the “Taxpayer Reliability Assessment Service” (TRAS) at the Committee Meeting of “OPORA ROSSIYI” (Russia’s largest SME association). The service, accessible via the FTS portal since 2021, now incorporates machine learning models trained on 12 million anonymized tax returns,

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Finland: Finland-France Tax Treaty Takes Effect From January 2027

On 10 September 2026, the Finnish Tax Administration confirmed that the newly negotiated income tax treaty between Finland and France will enter into force on 1 January 2027. The agreement replaces the 1970 convention and its subsequent protocols, aligning bilateral taxation rules with the OECD Model Tax Convention and the BEPS Multilateral Instrument (MLI) modifications.

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Hungary: Tax Evader Continues Illegal Cigarette Sales While Under House Arrest

On 10 September 2026, the NAV disclosed a remarkable case of recidivism where a Vietnamese national, previously convicted and placed under house arrest for illegal cigarette and e-cigarette trafficking, continued his illicit trade from his residence with the involvement of family members. The NAV’s Budapest investigators had originally seized the contraband in summer 2025, leading

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Russia: FTS Expert Council Reviews Taxation of Closed-End Investment Funds

On 10 September 2026, the Expert Council under the Federal Tax Service convened a closed session to evaluate the tax implications of the recently amended Federal Law No. 156-FZ “On Investment Funds” (changes effective 1 October 2026) as applied to Closed-End Mutual Investment Funds (ZPIF). The discussion centered on three critical areas: (1) the new

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