Europe

United Kingdom: UK MTD Income Tax: Edition 8 Developer Newsletter Released

On 30 October 2026, HMRC released Edition 8 of the Making Tax Digital (MTD) for Income Tax software developer newsletter. This correspondence provides critical updates for software developers building solutions compatible with HMRC’s MTD APIs. The newsletter covers recent API changes, upcoming mandates, and technical guidance for the 2026-27 tax year. MTD for Income Tax

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Poland: Poland VAT E-commerce: ViDA Package Implementation Updates

On 30 October 2026, the Polish Council of Ministers adopted a draft amendment to the VAT Act implementing the first part of the EU’s VAT in the Digital Age (ViDA) package. The legislative proposal aims to align national rules with the realities of online commerce, clarifying the calculation of the EU-wide €10,000 distance sales threshold,

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Poland: Poland Inflation Drops in October, Finance Minister Cites Causes

On 30 October 2026, Poland’s Finance Minister addressed the notable decline in October inflation figures, linking the trend to specific monetary and fiscal policy measures. The announcement comes amid ongoing parliamentary debates on personal income tax (PIT) bracket indexation and corporate tax (CIT) adjustments. The Minister emphasized that the inflation slowdown supports the government’s strategy

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Romania: Romania ANAF Launches VAT Risk Compliance Program

On 30 October 2026, Romania’s National Agency for Fiscal Administration (ANAF) announced the launch of a new conformity program targeting taxpayers identified with fiscal risk in the value-added tax (VAT) area. The initiative, described as a proactive approach oriented toward error prevention, aims to improve voluntary compliance by engaging with high-risk contributors before formal audits.

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Ukraine: Ukraine Budget 2027: Minimum Wage and Subsistence Levels Set

The Verkhovna Rada adopted the Law “On the State Budget of Ukraine for 2027” (Draft No. 12345) in the second reading on 30 October 2026. The budget sets the statutory minimum wage (мінзарплата) at UAH 9,500 per month from 1 January 2027 (up from UAH 8,000 in 2026) and the subsistence minimum (прожитковий мінімум) for

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Cyprus: Cyprus Tax-to-GDP Ratio Reaches 36.3% in 2025 Eurostat Data

According to 30 October 2026 Eurostat release, Cyprus recorded a tax-to-GDP ratio of 36.3% for fiscal year 2025, marking a 1.2 percentage point increase from 2024. The EU average rose from 40.2% to 40.7% over the same period. The data encompasses all compulsory payments to general government, including VAT, corporate income tax, personal income tax,

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United Kingdom: UK Property Transactions: September 2026 Statistics for £40k+ Sales

On 30 October 2026, HMRC published National Statistics on monthly property transactions completed in the UK with a value of £40,000 or above for September 2026. These statistics are a key indicator for the residential and non-residential property markets and directly inform Stamp Duty Land Tax (SDLT) revenue forecasting. The data captures transactions subject to

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Poland: Client Goods in Third-Party Warehouse: Inventory Procedures

As of 30 October 2026, the Polish tax administration has issued guidance on inventory procedures for client goods held in third-party warehouses. The clarification addresses documentation requirements for accounting offices when the warehouse operator refuses to confirm stock levels or reports discrepancies with accounting records. This guidance impacts VAT and corporate income tax reporting for

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Romania: Romania ANAF Publishes Q3 2026 Tax Defaulters Shame List

On 30 October 2026, ANAF officially published the “lista rușinii” (shame list) for the third quarter of 2026, naming taxpayers with outstanding tax debts exceeding statutory thresholds. This quarterly disclosure, mandated by the Fiscal Procedure Code, aims to increase public pressure on delinquent debtors and deter non-compliance. The list includes both individuals and legal entities,

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Ukraine: Ukraine PIT: Rental Income Tax Cut to 5% for Landlords, FOP

Law No. 4198-IX, signed by the President on 28 October 2026 and published in “Holos Ukrainy” on 30 October 2026, reduces the Personal Income Tax (ПДФО) rate on rental income from real estate (residential and commercial) from 18% to 5% effective 1 January 2027. The reduced rate applies to both individual landlords (physical persons) and

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