On 12 October 2026, the Supreme Administrative Court (NSA) ruled that a Tax Capital Group (PGK) may not deduct financing costs incurred by one of its member companies prior to that company joining the group. The case involved a company that had borrowed funds before becoming part of the PGK; after integration, the group attempted
Poland: Poland CIT: Tax Group Cannot Deduct Pre-Formation Financing Costs Read More »
The Federal Tax Service announced on 12 October 2026 that the mass mailing of tax notices for individuals for the 2025 tax year has been completed. A total of 64.1 million notices were dispatched, representing a 40% increase compared to the previous year. The vast majority — over 95% — were delivered electronically through the
Russia: Russian Tax Service Completes 2025 Individual Tax Notice Distribution Read More »
On 12 October 2026, FAR launched a comprehensive digital self-assessment tool designed to help auditors, authorized accountants, payroll consultants, and tax advisors evaluate their Anti-Money Laundering (AML) compliance maturity ahead of the EU’s new AML Regulation (EU) 2024/1624 and 6th AML Directive (EU) 2024/1640 transposition. The tool addresses the misconception that the EU legislative transition
Sweden: Sweden AML Compliance: FAR Launches Self-Assessment Tool Read More »
On 12 October 2026, the Minister of Finance formally presented the 2027 State Budget and the 2027–2029 Medium-Term Fiscal Framework to the Standing Committee on Financial and Budgetary Affairs. The documentation provides a granular breakdown of revenue projections, expenditure ceilings, and tax policy initiatives designed to support Cyprus’s convergence with EU fiscal rules while fostering
Cyprus：Cyprus Presents 2027 Budget & Medium-Term Fiscal Framework Read More »
On 12 October 2026, Irish Revenue published comprehensive updates to several VAT guidance manuals, reflecting legislative changes from Finance Act 2026 and recent CJEU rulings. Key revised manuals include VAT on Electronic Services, VAT on Property Transactions, and the VAT Guide for Charities. The updates clarify the mandatory B2B e-invoicing requirements effective 1 January 2027,
Ireland: Revenue Updates Multiple VAT Guidance Manuals for 2026 Compliance Read More »
On 12 October 2026, the Supreme Administrative Court (NSA) published 20 new judgments that significantly tighten the conditions for VAT exemption on vocational training services. The rulings depart from previous more lenient case law, requiring that training services meet stringent criteria regarding curriculum accreditation, instructor qualifications, and direct linkage to professional qualifications recognized by law.
Poland: Poland VAT: Vocational Training Exemption Conditions Tightened by NSA Read More »
The Russian Ministry of Finance released methodological recommendations on 12 October 2026 detailing the accounting treatment of inseparable improvements (capitalized repairs, renovations, and installations) made by budgetary institutions to leased fixed assets. The guidance aligns with Federal Accounting Standard FSBU 26/2020 “Capital Investments” and addresses the specific constraints of budget accounting, where ownership of improvements
Russia: Accounting for Inseparable Leasehold Improvements: Budget Sector Guidance Read More »
On 12 October 2026, the State Customs Committee of the Republic of Belarus (GTK) announced the detection of a customs duty evasion scheme involving a commercial shipment of construction equipment spare parts and paint materials imported from Poland into the Eurasian Economic Union (EAEU) territory. The consignment, valued at 450,000 Belarusian rubles, was deliberately omitted
Belarus: Belarus Customs Detects Duty Evasion on Polish Construction Imports Read More »
Irish Revenue hosted the Tax Administration EU Summit in Dublin on 12 October 2026, bringing together heads of EU tax authorities to advance digital cooperation. The summit focused on implementing the VAT in the Digital Age (ViDA) package, enhancing the Eurofisc network for real-time VAT fraud detection, and progressing the OECD’s Pillar Two data exchange
Ireland: Revenue Hosts EU Tax Administration Summit in Dublin on Digital Compliance Read More »
As of 12 October 2026, the Italian government reminds separated parents that the deadline to apply for the rent bonus (contributo affitto) for their primary residence is 28 October 2026. The benefit supports parents with custody of children who incur rental expenses. Applications must be submitted electronically via the dedicated portal. Key Takeaways Eligibility: Separated
Italy: Separated Parents Rent Bonus: Application Deadline October 28 Read More »
