On 23 October 2026, the Polish Audit Oversight Agency (PANA) clarified that the mere initiation of disciplinary proceedings against a statutory auditor or audit firm does not undermine the credibility of their unqualified audit opinion. The statement addressed concerns in the audit community that the existence of proceedings could be used to challenge audit quality.
On 23 October 2026, Finance Minister Joaquim Miranda Sarmento confirmed that the government will shortly approve the remaining reduction in autonomous taxation (tributações autónomas) rates for corporate vehicles and expenses. The measure completes a phased reduction begun in 2023, lowering the maximum rate on light passenger vehicles from 35% to 25% and on representation expenses
Portugal: Portugal to Approve Missing Autonomous Taxation Reduction Soon Read More »
As of 23 October 2026, the Ukrainian Ministry of Finance has released a draft legislative package aligning domestic tax legislation with European Union standards, targeting international business operations. The proposed amendments cover transfer pricing documentation, controlled foreign company (CFC) rules, and hybrid mismatch arrangements, reflecting OECD BEPS Action Plan recommendations. The draft law is expected
Ukraine: Ukraine EU Tax Alignment: New Rules for International Business Read More »
On 23 October 2026, the State Tax Service announced the publication of the Law on Taxation of Income from Digital Platforms, clarifying the effective dates for its key provisions. This legislation aligns Ukraine with OECD BEPS Action 1 and EU DAC7 directives, imposing reporting and withholding obligations on digital platform operators facilitating transactions by non-resident
Ukraine：Ukraine Enacts Digital Platform Tax Law: Effective Dates Clarified Read More »
As of 22 October 2026, KPMG UK has published its analysis of tax policy statements made during the main political party conferences in autumn 2026. This review provides critical insights into the tax priorities of the governing and opposition parties ahead of the upcoming Autumn Budget. Party conference season traditionally signals emerging fiscal themes, with
United Kingdom: UK Party Conferences 2026: Key Tax Policy Announcements Read More »
On 22 October 2026, HMRC confirmed that cryptoassets (including cryptocurrencies, utility tokens, and stablecoins) are subject to existing VAT rules with no bespoke regime. The guidance clarifies that mining and staking rewards are generally outside VAT scope, while exchange services are exempt under financial services provisions. NFTs are treated as standard-rated digital services unless they
United Kingdom: UK HMRC Confirms No Separate VAT Rules for Cryptoassets Read More »
The Portuguese Court of Auditors (Tribunal de Contas) published a report on 22 October 2026 highlighting significant risks in the expanded Non-Habitual Resident (NHR) regime successor, dubbed the “Tax Incentive for Scientific Research and Innovation” (IFICI). The regime, effective since January 2024, offers a flat 20% IRS rate for ten years to qualifying high-skilled professionals.
Portugal: Audit Court Warns Risks in New Tax Break for Skilled Workers Read More »
On 22 October 2026, the Finnish Tax Administration clarified that the household tax credit extends to ordinary household work, care and nursing services, as well as physiotherapy and occupational therapy provided in the home. This guidance ensures that taxpayers supporting elderly or disabled family members at home can claim the credit for a broader range
Finland: Finland Expands Household Tax Credit to Cover Care and Therapy Services Read More »
On 16 October 2026, HM Revenue & Customs (HMRC) published a comprehensive suite of operational guidance documents transitioning the UK Carbon Border Adjustment Mechanism (CBAM) from legislative framework to practical compliance model ahead of its 1 January 2027 effective date. The publications include product-level default emissions values for all five CBAM sectors (cement, iron &
United Kingdom: UK CBAM Operational: HMRC Releases Emissions Toolkit Read More »
Effective 22 October 2026, HMRC has extended the voluntary payrolling scheme to include employer-provided living accommodation and beneficial loans. Previously limited to car fuel, medical insurance, and certain expenses, the extension allows employers to deduct tax in real-time through PAYE for these benefits, eliminating the need for P11D reporting. Employers must register before the 2026/27
United Kingdom: UK Voluntary Payrolling Extended to Accommodation and Loans Read More »
