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Italy: Italy: Simplified Reactivation for VAT Numbers Closed Due to Inactivity

Italy /

The Revenue Agency outlined the procedure for VAT numbers closed ex officio due to prolonged inactivity. The taxpayer can oppose the closure by submitting a motivated request within the prescribed deadline. If the opposition is accepted, the VAT number is reactivated retroactively to its original opening date, preserving the continuity of the tax position and

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Poland: Polish Senate Rejects Revolutionary PIT Amendments by Kowalski and Petru

Poland /

On 27 October 2026, the Polish Senate voted down radical amendments to the PIT reform bill proposed by opposition MPs Kowalski and Petru. The rejected amendments sought to raise the tax-free allowance to PLN 80,000 and introduce a third progressive rate of 35% for incomes above PLN 500,000. The Senate’s decision keeps the government’s original

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Hungary: NAV Exposes Ventilator Procurement Fraud Worth Billions During Pandemic

Hungary /

On 27 October 2026, NAV financial investigators executed a coordinated multi-site operation, including international legal assistance in Austria, targeting a criminal organization that defrauded the Hungarian state budget of over 660 million forints in tax revenue during the COVID-19 pandemic. The group, operating under the guise of legitimate medical supply contracts, secured state procurement deals

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Ireland: Public Hearing on Taxation Driving Circular Economy

Ireland /

The OECD Centre for Tax Policy and Administration, in cooperation with the European Commission, announced a public hearing on 15 November 2026 to explore how taxation can drive the circular economy. The hearing, held virtually and at OECD headquarters in Paris, will examine tax incentives for resource efficiency, waste reduction, and product lifecycle extension. Stakeholders

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Poland: Poland Tax Reform Faces Potential Veto and Unraveling Risks

Poland /

As of 27 October 2026, the flagship PIT reform bill faces mounting political headwinds. President Andrzej Duda has hinted at a possible veto, citing insufficient relief for low-income earners and procedural concerns over the accelerated legislative track. Simultaneously, coalition partners are divided on the indexing mechanism for tax thresholds from 2028 onward. The Prime Minister’s

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Hungary: NAV Seizes 369,000 Illegal Cold Pills Containing Narcotic Precursors

Hungary /

On 27 October 2026, NAV customs officers at the Röszke border crossing intercepted a shipment of 369,396 tablets of unapproved cold and allergy medication concealed in three white sacks. Laboratory analysis confirmed the tablets contained substances that could serve as precursors for narcotic drug synthesis, posing dual risks of unregulated pharmaceutical distribution and potential diversion

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Cyprus: Cyprus Implements Pillar Two Global Minimum Tax for Large MNEs

Cyprus /

On 27 October 2026, the Cyprus Tax Department issued an official announcement regarding the enactment of legislation implementing the OECD/G20 Pillar Two Global Minimum Tax (GMT) rules. The law, aligned with EU Directive 2022/2523, establishes a 15% minimum effective tax rate for constituent entities of multinational enterprise (MNE) groups and large-scale domestic groups with annual

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Ireland: Weekly UK Tax Miscellaneous Updates 27 October 2026

Ireland /

The miscellaneous updates for 27 October 2026 compile minor but important UK tax developments. HMRC updated the Employment Related Securities (ERS) manual to clarify the reporting of joint ownership arrangements under Section 431 ITEPA 2003 elections. The Upper Tribunal in Jones v HMRC [2026] UKUT 180 held that non-qualifying shares in an Employee Benefit Trust

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Poland: Further Petru Amendments Threaten PIT Threshold Stability

Poland /

On 27 October 2026, MP Radosław Petru submitted additional amendments to the PIT bill, this time targeting the indexation formula for tax thresholds starting 2028. The proposal links annual adjustments to the previous year’s average wage growth rather than CPI inflation, a shift that could accelerate threshold increases by an estimated 1.5–2 percentage points annually.

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Ukraine: Enemy Shelling Damages Tax Inspectorate Building in Kharkiv Region

Ukraine /

On 27 October 2026, the State Tax Service reported that a tax inspectorate building in the Kharkiv region sustained damage as a result of enemy shelling. No casualties among STS personnel were reported. The STS has activated business continuity protocols: taxpayers previously serviced by the affected office are redirected to neighboring inspectorates and the Electronic

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