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Sweden: Sweden Annual Accounts Act Reform: FAR Secures Concessions

Sweden /

On 15 October 2026, the government inquiry reviewing the Swedish Annual Accounts Act (1995:1554) published its final report (SOU 2026:XX), incorporating several key recommendations advocated by FAR. The inquiry proposes expanded exemptions from consolidated financial statement preparation for intermediate parent companies meeting specific size criteria, reducing compliance costs for mid-sized groups. It also reduces disclosure

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Austria：Austria Publishes FAQs on Global Minimum Tax Act Part 1

Austria /

The Austrian Ministry of Finance released the first set of Frequently Asked Questions (FAQs) on the Minimum Tax Act (Mindestbesteuerungsgesetz), which transposes the EU Directive on Pillar Two (global minimum 15% corporate tax) into national law. The FAQs address scope, qualifying domestic top-up tax, safe harbors, filing obligations, and transitional rules for fiscal years starting

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United Kingdom：UK Chancellor Rejects CGT and Income Tax Rate Alignment

United Kingdom /

According to reports on 15 October 2026, the Chancellor has ruled out aligning Capital Gains Tax (CGT) rates with income tax rates in the upcoming Budget. The Office of Tax Simplification (OTS) had previously recommended alignment to reduce complexity and arbitrage. The decision reflects concerns about investment incentives and international competitiveness, though anti-avoidance measures for

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Greenland: Greenland Drops Tax Proposal Threatening Foreign Investment

Greenland /

As of 15 October 2026, the Government of Greenland (Naalakkersuisut) has announced its intention to withdraw a proposed tax measure that local business leaders warned would discourage foreign buyers and complicate the sale of Greenlandic companies. The proposal, which had been under consideration as part of broader fiscal reforms, faced sharp criticism from the Greenland

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Italy: Andersen Conducts Tax Due Diligence for 656MW Renewable Portfolio

Italy /

On 15 October 2026, Andersen’s Italian multidisciplinary team completed financial and tax due diligence for flyRen Energy Group’s acquisition of a renewable energy project portfolio from Ignis. The portfolio comprises projects across Italy with a total expected capacity of approximately 656 megawatts. The transaction highlights the increasing importance of specialized tax due diligence in the

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Austria：Austria Applies Updated Double Tax Treaty Protocol with China

Austria /

The protocol amending the Double Taxation Agreement (DBA) between Austria and China entered into force on 1 January 2025. Key changes include the reduction of withholding tax rates on dividends (from 10% to 5% for beneficial owners holding at least 25% of capital), interest (from 10% to 0%), and royalties (from 10% to 6%). The

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Germany: BFH Schedules Hearing on Hamburg, Hesse Property Tax Models

Germany /

On 15 October 2026, the Federal Fiscal Court (Bundesfinanzhof, BFH) announced an oral hearing scheduled for 11 November 2026 concerning two separate proceedings challenging the constitutionality of the property tax models adopted by the states of Hamburg and Hesse. The Second Senate (II. Senat) will hear arguments regarding whether these state-specific deviations from the federal

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United Kingdom：UK CIOT Urges Effective Consultation for Coherent Tax Reform

United Kingdom /

On 15 October 2026, the CIOT published a policy paper arguing that successful tax reform requires genuine, early consultation with stakeholders. The institute criticizes recent ‘consultation’ exercises that presented near-final legislation, limiting meaningful input. It proposes a statutory consultation framework with minimum 12-week windows, published responses, and impact assessments for all major tax changes. Key

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Austria：Austria Joins OECD Crypto-Asset Reporting Framework Initiative

Austria /

Austria has joined a multinational initiative to implement the OECD’s Crypto-Asset Reporting Framework (CARF), which mandates automatic exchange of information on crypto-asset transactions between tax authorities. The framework covers custodial wallet providers, exchanges, and certain decentralized finance (DeFi) operators. The Ministry of Finance published a roadmap for domestic legislation, requiring crypto-asset service providers (CASPs) to

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Switzerland: Switzerland Exchanges Financial Data with 113 States Under Global Standard

Switzerland /

On 15 October 2026, the Swiss Federal Tax Administration (ESTV) announced the completion of its 2026 automatic exchange of information (AEOI) cycle with 113 partner jurisdictions. The exchange, conducted under the OECD’s Common Reporting Standard (CRS) and the Global Forum’s transparency framework, covered approximately 4 million financial accounts held by non-resident taxpayers. This marks a

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