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Spain: Spain Publishes Non-Consolidated Corporate Tax Data 2024

Spain /

On 22 October 2026, the Spanish Tax Agency unveiled the Non-Consolidated Annual Accounts for Corporate Income Tax 2024, a unified publication that merges the previously separate “Annual Accounts in Corporation Tax” and “Statistics by Corporate Tax Items” datasets. This integration provides a single, coherent source of granular, company-level tax information for entities filing Form 200

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United Kingdom: UK Family Business Tax Raid Reports Challenged by Advisers

United Kingdom /

On 22 October 2026, reports emerged that HM Revenue & Customs (HMRC) had conducted aggressive tax raids on family businesses, prompting immediate pushback from leading tax advisory bodies. The Chartered Institute of Taxation (CIOT) and the Association of Taxation Technicians (ATT) have jointly challenged the narrative, arguing that the enforcement actions are being mischaracterized and

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Russia: Russia Outlines Three-Year Tax Reform Plan Through 2029

Russia /

The Russian Ministry of Finance released the “Main Directions of Budget, Tax, and Customs-Tariff Policy for 2027 and the Planned Period of 2028-2029” on 22 October 2026. The document sets out a comprehensive legislative agenda that will reshape tax administration and the calculation of major taxes, including Value Added Tax (VAT), excise duties, Personal Income

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Hungary: Hidden Premises Fail to Shield Car Dealer from VAT Seizure

Hungary /

On 22 October 2026, NAV announced the freezing of assets worth over 70 million forints belonging to a used car dealership that systematically concealed its business premises to evade VAT obligations on EU-imported vehicles. The dealer sold cars brought in from the European Union while attempting to manipulate VAT rules and remain invisible to authorities

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Cyprus：Cyprus Revenue Reaches EUR 10.05bn Driven by Inflation

Cyprus /

The Accountant General of the Republic of Cyprus published the preliminary fiscal results for 2025 on 22 October 2026, showing total state revenue reached EUR 10.05 billion, a 12.3% increase over 2024. The surge was primarily driven by inflation-induced growth in Value Added Tax (VAT) collections, which rose 18.5% to EUR 3.8 billion, and personal

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Spain：Supreme Court Rules Deferred Inheritance Yields Taxed Immediately

Spain /

On 22 October 2026, the Spanish Supreme Court (Sala de lo Contencioso-Administrativo) issued a landmark ruling (Sentencia 1452/2026) establishing that income generated by inherited assets subject to deferred possession (herencias aplazadas) is taxable under Personal Income Tax (IRPF) at the moment of economic accrual, not upon actual distribution to heirs. The decision resolves conflicting lower

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United Kingdom: UK Offshore Nudge Letters Now Include Supporting Data

United Kingdom /

As of 22 October 2026, HMRC has updated its offshore nudge letter campaign to include specific supporting data extracted from Common Reporting Standard (CRS) and Automatic Exchange of Information (AEoI) feeds. This enhancement aims to increase taxpayer awareness of HMRC’s visibility on offshore assets and encourage voluntary disclosure before formal investigations commence. The letters now

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Latvia: EU Seizes Record Counterfeit Goods in 2025 Customs Crackdown

Latvia /

The European Union Intellectual Property Office (EUIPO) reported that EU customs authorities confiscated over 196 million counterfeit items in 2025, the highest annual total on record. The seizure wave, coordinated through the EU’s Customs Enforcement Network, targeted shipments linked to organized VAT carousel fraud and illicit tobacco, pharmaceuticals, and luxury goods. The operation underscores the

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Slovenia: MEPs Push Extended Deadline for Energy Importers’ Methane Rules

Slovenia /

As of 22 October 2026, the European Parliament’s Committee on Industry, Research and Energy (ITRE) has voted in favor of extending the compliance deadline for importers of fossil energy (crude oil, natural gas, coal) under the EU Methane Regulation (Regulation (EU) 2024/1257). The original regulation, which entered into force on 5 August 2024, imposes measurement,

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Ukraine：Ukraine Fuel Expense Reimbursement: Tax Implications for Employers

Ukraine /

The STS issued guidance on the taxation of fuel expense reimbursements paid to employees using personal vehicles for business purposes. According to the Tax Code, reimbursements based on actual documented expenses (fuel receipts, mileage logs) are exempt from personal income tax (PIT) and military levy up to the statutory per-kilometer rates. Amounts exceeding the approved

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