On 20 October 2026, NAV announced the successful conclusion of an investigation into a criminal organization operating a fake invoicing scheme that defrauded the state budget of half a billion forints. The ringleaders issued fictitious invoices to their clients, enabling them to claim illegal VAT deductions. The organized and effective action by the investigative authorities
Hungary：Fake Invoice Ring Causes 500M HUF Budget Loss Read More »
The Bulletin DGFiP Statistiques n°52, published on 20 October 2026, provides the definitive statistical assessment of the Taxe d’Habitation sur les Résidences Secondaires (THRS) for the 2025 fiscal year. The THRS, maintained after the 2018–2020 phase-out of the main residence tax, generated €4.12 billion in net revenue, a 9.7% decline versus 2024. The drop reflects
France: France Reports 9.7% Drop in Second-Home Housing Tax for 2025 Read More »
HMRC initiated a targeted letter campaign on 20 October 2026 addressing taxpayers who, based on PAYE and Self Assessment data, appear liable for the High‑Income Child Benefit Charge (HICBC) for the 2024/25 tax year but have not yet declared or paid it. The charge applies where an individual’s adjusted net income exceeds £50,000 and they
United Kingdom: HMRC Campaign Targets High‑Income Child Benefit Charge Non‑Compliance Read More »
On 20 October 2026, President of the Republic Marcelo Rebelo de Sousa promulgated Law 45/2026, which introduces targeted amendments to the Personal Income Tax Code (CIRS). The law, approved by Parliament on 30 September, includes three main changes: (1) extension of the youth IRS exemption (IRS Jovem) to age 35 for PhD holders; (2) clarification
Portugal: President Promulgates IRS Code Amendment Bill Read More »
On 20 October 2026, the Italian Supreme Court (ordinanza no. 26283/2026) reinforced the principle that a taxpayer who fails to challenge a payment demand (intimazione di pagamento) within the prescribed deadline is precluded from subsequently contesting the validity of the underlying tax collection notice (cartella esattoriale) or invoking statute-of-limitations defenses that expired before the demand.
Italy: Italy: Unchallenged Payment Demand Bars Later Tax Defenses Read More »
On 20 October 2026, the Federal Tax Service (FTS) of the Russian Federation and the State Tax Service under the Ministry of Finance of the Kyrgyz Republic formalized a landmark Agreement on Technical Assistance in Tax Administration during a high-level bilateral meeting in Moscow. This accord builds upon the 2019 Memorandum of Understanding between the
Russia: Russia Kyrgyzstan Sign Tax Administration Technical Assistance Agreement Read More »
On 6 October 2026, the Italian Supreme Court (ordinanza no. 26323/2026) ruled that a company which claimed input VAT deduction on the purchase of an instrumental property must reverse that deduction if the property is subsequently leased under a VAT-exempt regime. The Court reasoned that the lease changes the effective destination of the property from
Italy: Italy: Leasing Instrumental Property Triggers VAT Reversal Read More »
On 20 October 2026, the Cyprus Ministry of Finance published the Draft Budgetary Plan (DBP) for 2027, setting out the government’s fiscal strategy and tax policy priorities for the upcoming year. The plan, submitted in accordance with EU fiscal surveillance requirements under Regulation (EU) No 473/2013, outlines a series of tax reforms aimed at enhancing
Cyprus：Cyprus Publishes Draft Budgetary Plan 2027 Outlining Tax Reforms Read More »
The DStV Working Group on Digital Strategy, in collaboration with business coach Michael Hein, has released a series of five practice-oriented articles addressing the digital transformation of tax advisory firms. Published on 20 October 2026, the series explores how firms can restructure leadership, collaboration, and organizational processes to leverage digital tools effectively. The contributions emphasize
Germany: Digital Transformation in Tax Advisory: DStV Practice Impulses Read More »
On 20 October 2026, AADE, in coordination with the Ministries of Rural Development and Agricultural Development, announced that effective 1 November 2026, a new mandatory digital procedure will govern the exemption from Special Consumption Tax (Excise Duty) and corresponding VAT on agricultural diesel. The measure replaces the previous paper-based refund system with a real-time electronic
Greece：Greece Sets November 1 Deadline for New Agricultural Diesel Tax Exemption Process Read More »
