In VB 26031, the Flemish Tax Service addressed the tax consequences of a kanscontract (gambling contract), determining that winnings derived from such agreements are subject to gaming tax under Flemish legislation. The decision examines the qualification of the contract as a taxable game of chance, applies the relevant statutory thresholds, and confirms that neither the
On 5 August 2026, the Austrian Federal Ministry of Finance announced a substantial reduction in processing times for Arbeitnehmerveranlagung (employee tax assessment), the annual income tax return for wage earners. The average processing time has been cut from 8 weeks to under 3 weeks for electronically filed returns, thanks to enhanced automation in FinanzOnline and
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VB 26002 concerns a merger that led to the premature termination of an erfpachtconstructie (leasehold construction arrangement). The Flemish Tax Service ruled that the early cessation of leasehold rights triggers a reassessment of the onroerende voorheffing (property tax) base, as the underlying land’s valuation must reflect the changed encumbrance status. The decision highlights that leasehold
In VB 25126, the Flemish Tax Service considered a scenario where the naked ownership (blote eigendom) of a taxpayer’s sole private residence was donated on the same day as its acquisition. The ruling determined that the transfer constitutes a taxable gift under the Flemish gift tax regime, despite the simultaneous purchase, because the donor relinquished
From January 1 to July 31, 2026, the Montenegro Tax Administration (Poreska uprava) reported the collection of gross tax revenue amounting to 1.04 billion euros, representing a significant fiscal achievement for the first seven months of the calendar year. The revenue figure encompasses all categories of domestic taxes, including value-added tax, personal income tax, corporate
VB 25149 addresses the premature cancellation of an opstalrecht (building right) and its effect on Flemish property taxation. The Tax Service held that terminating a building right before the contractual term alters the taxable value of the land, as the superstructure’s removal or reversion changes the land’s utilization and associated cadastral income. Consequently, the onroerende
VB 26028 examines a Nederlandse restschenking (residual gift from a Dutch donor) combined with a zaakvervanging (substitution of assets) under Flemish gift tax law. The Tax Service concluded that the residual gift, when coupled with an asset substitution, remains subject to gift tax, and the substitution does not create a tax‑free transfer. The decision applies
In VB 25134, the Flemish Tax Service evaluated a kanscontract (gambling agreement) concerning movable goods and determined that such arrangements fall under the gaming tax regime. The ruling clarified that the wager, prize, and any ancillary benefits linked to the game of chance are taxable, irrespective of whether the stakes consist of cash or tangible
As of 1 August 2026, the Lithuanian government issued a decree confirming the minimum monthly wage for the year 2027, setting it at 1245 euros. The regulation, published in the official gazette, specifies that the amount will take effect on 1 January 2027 and will apply to all employees covered by the Labor Code. The
Lithuania: Minimum Monthly Wage Amount for 2027 Reaffirmed by the Government Read More »
The Italian Revenue Authority recently released its monthly tax revenue bulletin for June 2026, providing updated figures on national fiscal performance. The bulletin, published by the Department of Finance within the Ministry of Economy and Finance, tracks national tax receipts and serves as a critical benchmark for Italy’s budgetary trajectory. Semi-annual and monthly data collections
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