Europe

Spain: Weekly Flash Report: Daily Sales & Employment for Large Firms & SMEs – Aug 2026

The Spanish Tax Agency (AEAT) issued on 12 August 2026 the latest weekly flash report on daily sales, domestic sales progress, and employment indicators for large enterprises and small-and-medium sized enterprises (SMEs). This release forms part of the Agency’s broader initiative to strengthen fiscal transparency, improve the timeliness of economic indicators, and fulfil obligations under

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Russia: Tax Professionals Highlight Ongoing Fight Against Tax Fraudsters in Modern Systems

On 12 August 2026, FNS highlighted its continued efforts to combat tax fraud through advanced analytics and inter‑agency cooperation. The report details the deployment of big‑data algorithms to detect suspicious transaction patterns, the integration with the Unified State Register of Legal Entities, and coordinated actions with the Federal Customs Service. Recent enforcement operations recovered over

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Slovakia: Financial Administration Launches E‑Invoicing Conference Series for Stakeholders

In preparation for the mandatory introduction of electronic invoicing (e‑faktúra) on 1 January 2027, the Financial Administration has organised a series of seven professional conferences titled “e‑Faktúra ako kľúčový nástroj digitalizácie podnikania na Slovensku” (E‑Invoicing as a Key Tool for Business Digitalisation in Slovakia). The conferences, scheduled for September 2026, aim to familiarise entrepreneurs, accountants

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Ukraine: Mykolaiv Region Taxpayers Pay Nearly UAH 11 Billion PIT in Jan–Jul 2026

On 12 August 2026, the Main Directorate of the State Tax Service in Mykolaiv region disclosed that personal income tax (PIT) receipts for January–July 2026 amounted to nearly UAH 11 billion. The figure highlights the region’s significant contribution to the State Budget despite frontline proximity and economic disruption. Key Takeaways Resilient Revenue Collection: The near

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United Kingdom: HMRC Extends Making Tax Digital for Income Tax Nationwide to Sole Traders and Landlords

On 12 August 2026 Her Majesty s Revenue and Customs HMRC officially activated the second phase of Making Tax Digital MTD for Income Tax extending the digital reporting obligation to approximately 3.5 million sole traders and landlords across the United Kingdom This implementation builds upon the foundational legislation enacted through the Finance Act 2022 which

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Russia: FNS Russia Advises Early Refiling of EDE for Reporting to PFR Before September 1

On 12 August 2026, FNS reminded taxpayers that before 1 September 2026 they should convert their existing Electronic Declaration of Income (EDE) to the updated format required by the new reporting portal. The transition aims to improve data validation and reduce manual corrections. The notice emphasizes that non‑compliance may trigger audits and penalties, and it

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Ukraine: Mykolaiv Businesses Deliver UAH 1.9 Billion VAT to State Budget

On 12 August 2026, the State Tax Service reported that businesses in Mykolaiv region transferred UAH 1.9 billion in value‑added tax (VAT) to the State Budget for the first seven months of 2026. The result reflects ongoing economic activity in the region’s industrial and agricultural sectors. Key Takeaways VAT Compliance Holds Firm: The UAH 1.9

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Italy: Italy Implements Three Simplified Regimes for OECD Global Minimum Tax Compliance

Effective 12 August 2026 Italy introduced three simplified compliance regimes for the OECD Global Minimum Tax (Pillar Two) as enacted through the Omnibus legislative decree designed to reduce the administrative burden on multinational enterprise groups meeting the revenue threshold criteria. These regimes permit eligible groups to opt for a streamlined calculation method a fixed safe

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Italy: Italian Tax Justice Reform Institutionalizes Professional Magistrate Status and Safeguards

On 12 August 2026, the Italian legislature formally enacted Legislative Decree No. 149/2026, a pivotal reform that restructures the entire architecture of the tax justice system and delineates the status, guarantees, incompatibilities, and disciplinary responsibilities of tax magistrates. The decree introduces a professionally qualified judge integrated into a national role, thereby replacing the previous fragmented

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Ukraine: Quarterly Ecological Tax Declaration: Transition from Previous to Current Form for Q3 and Q4

The State Tax Service of Ukraine announced on 12 August 2026 the introduction of a revised declaration form for the ecological tax, effective for the third and fourth quarters of the current fiscal year. This reform, enacted through Order No. 246 of the Ministry of Finance and the State Tax Service, aims to modernize the

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