Europe

Italy: Italy Q2 2026 Property Sales: Residential Stable, Retail Up 5.7%

On 10 September 2026, the Italian Revenue Agency (Agenzia delle Entrate) published the latest real estate transaction statistics for the second quarter of 2026 through its Real Estate Market Observatory (OMI). The data indicates a stabilization in the residential property market, while non-residential segments, particularly retail shops and workshops, recorded a notable 5.7% increase in

Italy: Italy Q2 2026 Property Sales: Residential Stable, Retail Up 5.7% Read More »

Spain: AEDAF Urges Dialogue to Resolve Spain Tax Administration Crisis

On 10 September 2026, AEDAF published an opinion article by Miguel A. Araque Salmerón, member of the Expert Group on Corporate Income Tax, in Expansión. The article argues that the relationship between the Spanish tax administration and taxpayers has reached a crisis point, characterized by excessive formalism, delayed resolutions, and a lack of cooperative dialogue.

Spain: AEDAF Urges Dialogue to Resolve Spain Tax Administration Crisis Read More »

United Kingdom: HMRC Uses AI to Target Family Business Tax Risks

HMRC has significantly intensified its focus on family-owned businesses, leveraging advanced data analytics and artificial intelligence to identify high-risk structures, succession arrangements, and wealth extraction patterns. This initiative forms part of HMRC’s wider ‘Wealthy’ and ‘Mid-sized Business’ compliance strategies. KPMG’s analysis highlights key risk areas including the use of family investment companies (FICs), trusts, and

United Kingdom: HMRC Uses AI to Target Family Business Tax Risks Read More »

Romania: Romania VAT Fraud: ANAF Uncovers 36,350 m³ Untaxed Concrete in Suceava

On 10 September 2026, ANAF disclosed that DGAF inspectors in Suceava County identified a concrete production company that systematically failed to register and declare fiscal revenues totaling over 15.33 million lei from the sale of 36,350 cubic meters of concrete between January 2024 and May 2026. The scheme involved off-the-books sales to construction firms, enabling

Romania: Romania VAT Fraud: ANAF Uncovers 36,350 m³ Untaxed Concrete in Suceava Read More »

United Kingdom: UK Carbon Border Adjustment Mechanism Policy Summary Released

On 9 September 2026, the UK government published a comprehensive policy summary for the UK Carbon Border Adjustment Mechanism (CBAM), scheduled to take effect from 1 January 2027. The CBAM will apply a carbon price on imports of specified goods from the aluminium, cement, fertiliser, hydrogen, and iron & steel sectors to address carbon leakage

United Kingdom: UK Carbon Border Adjustment Mechanism Policy Summary Released Read More »

Russia: Tax Monitoring Criteria Adjusted by Russian FTS

On 9 September 2026, the Russian Federal Tax Service published amendments to the criteria governing participation in the tax monitoring regime (Tax Code Art. 105.27). The changes, effective immediately, raise the revenue threshold for mandatory eligibility from RUB 1 billion to RUB 1.2 billion and introduce a new qualitative indicator — consistent compliance with VAT

Russia: Tax Monitoring Criteria Adjusted by Russian FTS Read More »

San Marino: San Marino Mandates Domestic E-Invoicing for Local Operators

On 4 September 2026, the San Marino Government issued Decree Delegated No. 133, establishing a mandatory electronic invoicing framework for all transactions involving the exchange of goods and services between San Marino economic operators. This measure aligns with the country’s broader digital transformation agenda and aims to enhance VAT compliance, reduce tax evasion, and streamline

San Marino: San Marino Mandates Domestic E-Invoicing for Local Operators Read More »

Spain: AI Technology Imports Risk Spanish Tax Base Erosion, Experts Warn

An analysis published on 9 September 2026 by Ignacio Faes highlights the growing risk of tax base erosion in Spain due to the importation of artificial intelligence technologies from foreign providers. The article references recent OECD guidance on the taxation of digitalized economies and the Spanish Tax Agency’s increased scrutiny of royalty payments for intangible

Spain: AI Technology Imports Risk Spanish Tax Base Erosion, Experts Warn Read More »

Portugal: Portugal Tax Association Launches International Tax Program

On 9 September 2026, the Portuguese Tax Association (Associação Fiscal Portuguesa – AFP) officially launched its new International Taxation Program, a specialized training initiative designed to address the growing complexity of cross-border tax compliance for multinational enterprises and tax practitioners operating in Portugal. The program arrives amid significant regulatory shifts, including the ongoing implementation of

Portugal: Portugal Tax Association Launches International Tax Program Read More »

San Marino: Tax Classification of Sports Agents Remains Uncertain in Italy

As of 17 August 2026, the Italian Supreme Court (Cassazione) has yet to provide a definitive ruling on the tax classification of sports agents, leaving their status oscillating between autonomous workers (lavoratori autonomi) and mediators (mediatori). This distinction carries significant implications for withholding tax (ritenuta d’acconto), VAT treatment, and social security contributions. The debate centers

San Marino: Tax Classification of Sports Agents Remains Uncertain in Italy Read More »