Europe

Bosnia and Herzegovina: Bosnia Indirect Tax Revenue Hits 8.36 Billion KM in 8 Months

As of 2 September 2026, the Indirect Taxation Authority of Bosnia and Herzegovina (UIO) reported that indirect tax revenues for the first eight months of 2026 reached 8.359 billion convertible marks (KM), representing an increase of 473 million KM or 6% compared to the same period in 2025. This growth reflects continued strength in VAT

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Russia: Russia Tax Monitoring Pilot: FTS Details New Compliance Project on PRO Taxes

On 2 September 2026, Marina Krasheninnikova, Director of the Department for Large Business of the FTS, presented the latest developments in the Tax Monitoring pilot project during the “PRO Taxes” broadcast. The project, expanded for 2026-2027, introduces real-time data exchange between participating corporations and the tax authority via API integration, enabling continuous assurance rather than

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Bosnia and Herzegovina: Bosnia Tax Authority Opens Public Consultations on 2027 Work Program

On 2 September 2026, the Indirect Taxation Authority (UIO) announced the launch of public consultations on its Draft Work Program for 2027 and the agenda of the Administrative Board. This initiative complies with the Law on Indirect Taxation Authority and the Administrative Procedure Act, which mandate stakeholder engagement in regulatory planning. The consultation period allows

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Bosnia and Herzegovina: Bosnia Customs Auction Set for Seized Goods in September 2026

The Indirect Taxation Authority (UIO) has published a notice for a customs auction scheduled for September 2026 (Auction No. 582), offering goods seized during anti-smuggling operations and customs enforcement actions. Conducted under the Customs Law and the Rulebook on Sale of Seized Goods, the auction includes categories such as vehicles, electronics, textiles, and alcohol products

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Germany: Germany Restores Tax Account Retrieval System After Maintenance

Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice. Source: Read Official Announcement

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Germany: Germany Restores Tax Account Retrieval System After Maintenance

Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice. Source: Read Official Announcement

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Italy: Italy: Occasional Art Sales Classified as Miscellaneous Income by Supreme Court

The Italian Supreme Court, in ruling No. 27479/2026 published on 2 September 2026, addressed the tax classification of income derived from occasional sales of artworks. The decision draws a clear line between three categories: professional art dealers (generating business income), occasional speculators (generating miscellaneous income — redditi diversi under Article 67, paragraph 1, letter i)

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Italy: Italy Extends Input VAT Recovery Deadlines for Businesses

On 2 September 2026, the Italian Revenue Agency (Agenzia delle Entrate) issued new guidance extending the deadlines for input VAT recovery, providing relief to businesses facing compliance pressures. The measure, outlined in the latest Tax & Legal Alert from KPMG Italy, addresses the time limits for claiming deductible VAT on purchases and imports, aligning with

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Czech Republic: Czech Republic Launches Official EET 2.0 Portal and Helpline

Effective 2 September 2026, the Czech Ministry of Finance, in cooperation with the Financial Administration, launched the official dedicated website eet.gov.cz as the single authoritative information hub for the Electronic Evidence of Sales (EET) 2.0 project. This initiative coincides with the activation of a specialized Financial Administration helpline to support entrepreneurs, sole traders, cash register

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Poland: Poland Notional Interest Deduction: Tax Cost Without Expense

The Polish tax framework allows a notional interest deduction (NID) on equity capital, treating hypothetical interest as a tax-deductible cost without actual cash outflow. This mechanism benefits companies that retain earnings or receive capital contributions. Recent guidance clarifies the calculation methodology and highlights the potential for retroactive application to open tax years. Taxpayers should assess

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