Europe

Romania:Moody’s Affirms Romania’s Fiscal Consolidation Path with Timely 2027 Budget

On 20 October 2026, Moody’s Ratings issued a credit opinion highlighting that the continuity of fiscal policy and the timely adoption of the 2027 budget support Romania’s fiscal consolidation. The agency views the installation of a new government and the commitment to a credible medium-term fiscal plan as positive for Romania’s credit profile, despite ongoing

Romania:Moody’s Affirms Romania’s Fiscal Consolidation Path with Timely 2027 Budget Read More »

Spain:Tax Agency Plans One-Year Delay for Mandatory QR Codes on Invoices

On 20 October 2026, the Tax Agency announced its intention to defer the obligation for self-employed and SMEs to include QR codes on all invoices until October 2028. The QR code mandate, which is linked to the Verifactu real-time invoicing system, was originally set to enter into force earlier. The postponement aims to give businesses

Spain:Tax Agency Plans One-Year Delay for Mandatory QR Codes on Invoices Read More »

Greece:Greece Sets November 1 Deadline for New Agricultural Diesel Tax Exemption Process

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 »

Ireland:Ireland Boosts Global Financial Crime Fight with Tax Evasion Focus

On 20 October 2026, Minister of State Frank Feighan announced Ireland’s enhanced contribution to the Global Forum on Transparency and Exchange of Information for Tax Purposes and the Financial Action Task Force (FATF), reinforcing the country’s commitment to combating tax evasion, money laundering, and terrorist financing. Ireland will provide an additional €2.5 million in voluntary

Ireland:Ireland Boosts Global Financial Crime Fight with Tax Evasion Focus Read More »

Poland: Poland KAS Arrests Suspects in Money Laundering and Fake VAT Invoice Probe

On 20 October 2026, KAS officers executed arrests in an ongoing investigation into a criminal organization engaged in systematic money laundering and the issuance of fraudulent VAT invoices. The scheme involved creating fictitious business transactions to legitimize illicit proceeds through the formal banking system, while simultaneously generating artificial VAT deductions for complicit taxpayers. The operation

Poland: Poland KAS Arrests Suspects in Money Laundering and Fake VAT Invoice Probe Read More »

Serbia: Serbia Releases November 2026 Tax Compliance Calendar

The Serbian Tax Administration published the November 2026 Tax Calendar on 20 October 2026, detailing all statutory deadlines for tax returns, payments, and reporting obligations applicable during the month. The calendar serves as the primary compliance roadmap for corporate entities, entrepreneurs, and withholding agents, covering Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income

Serbia: Serbia Releases November 2026 Tax Compliance Calendar Read More »

Russia: Russia Simplified Tax: Drone Attack Loss Deduction Rules Clarified

On 20 October 2026, the Ministry of Finance issued guidance on accounting for inventory losses resulting from unmanned aerial vehicle (UAV) attacks under the Simplified Taxation System (STS/UST). The clarification specifies that only taxpayers who have elected the “Income Minus Expenses” object of taxation may recognize the cost of goods destroyed while stored at an

Russia: Russia Simplified Tax: Drone Attack Loss Deduction Rules Clarified Read More »

Hungary: KOMA Database Expands: 260,000 Taxpayers Exempt from Zero Certificate

As of 20 October 2026, the National Tax and Customs Administration (NAV) announced that the Public Debt-Free Taxpayer Database (KOMA) now includes 260,000 taxpayers. This milestone means these individuals and entities no longer need to obtain a separate “zero certificate” (nullás igazolás) to prove they have no outstanding public debts for most administrative procedures. NAV

Hungary: KOMA Database Expands: 260,000 Taxpayers Exempt from Zero Certificate Read More »

Bosnia and Herzegovina: FUZIP, FBiH Tax Admin Start Joint Social Media Sales Inspections

On 20 October 2026, the Federal Administration for Inspection Affairs (FUZIP) and the Tax Administration of the Federation of Bosnia and Herzegovina (FBiH) announced the launch of joint inspection controls targeting the flow of goods sold through social media platforms. This initiative aims to address the growing volume of e-commerce transactions conducted via informal online

Bosnia and Herzegovina: FUZIP, FBiH Tax Admin Start Joint Social Media Sales Inspections Read More »

Netherlands: CFE Statement: EU Compatibility of Real Estate Transfer Tax Rules

On 20 October 2026, the CFE (Fiscal Committee of Europe) released an official Opinion Statement addressing the compatibility of national real estate transfer tax rules with EU law, specifically where member states treat acquisitions of shares in property-owning companies as transfers of the underlying immovable property. This statement arises from ongoing disputes regarding the application

Netherlands: CFE Statement: EU Compatibility of Real Estate Transfer Tax Rules Read More »