​​Europe​

• Albania: Overview of key tax measures in 2026 fiscal package (Deloitte) (January 22) More

• Belgium: Transfer pricing studies not required to be submitted with local file form (Deloitte) (January 8) More

• Belgium: Law including key employment and individual tax reforms approved by parliament (Deloitte) (December 19) More

• Belgium: Second phase of Belgian tax reform approved by Parliament (Loyens & Loeff) (December 19) More

• Belgium: Updated draft law on new capital gains tax on financial assets (KPMG) (December 18) More

• Belgium: Law containing miscellaneous provisions approved by Parliament (KPMG) (December 16) More

• Belgium: Parliament endorses tax reform targeting investment company share gains (Regfollower) (December 16) More

• Bulgaria: Lukoil case – transfer pricing – price for intragroup purchase of goods and interest rate on intragroup loan – TNMM and CUP methods (Supreme Administrative Court decision) (in Bulgarian) (TPcases) (January 5) More

• Croatia: Amendments to local Pillar Two rules adopted (KPMG) (December 18) More

• Cyprus: Increased local file thresholds for 2026 (KPMG) (January 27) More

• Cyprus: Repeal of stamp duty laws (KPMG) (January 17) More

• Cyprus: Tax reform legislation enacted and effective January 1, 2026 (KPMG) (January 17) More

• Cyprus: Statement that Cyprus supports Inclusive Framework’s Side-by-Side Package (note: Cyprus is not a member of the Inclusive Framework) (Government) (January 10) More

• Cyprus: Cyprus enacts major tax reform legislation (EY) (January 8) More

• Denmark: Global Services case – transfer pricing – intragroup transfer of intangibles – valuation (Tax Tribunal decision) (in Danish) (TPcases) (January 6) More

• Denmark: Global Services A/S case – transfer pricing – business restructuring – valuation of intangibles – in Danish (TPcases) (December 16) More

• Estonia, Latvia, Lithuania, Malta, and Slovakia: 5 small EU Member States call on the EU to extend their deferral of the introduction of the EU GloBE Directive (Estonian government press release) (December 18) More

• EU: AG opines on VAT treatment of transfer pricing adjustments to intragroup supplies (Deloitte) (January 24) More

• EU: Stellantis case – transfer pricing and VAT – whether transfer pricing adjustment causes VAT liability –  ECJ Advocate General’s opinion (TPcases) (January 24) More

• EU: EU Deforestation Regulation application postponed to 30 December 2026 (EY) (January 21) More

• EU: European Commission notice on Side-by-Side Package and Art. 32 of EU GloBE Directive (European Commission) (January 19) More

• EU: Guidelines on Foreign Subsidies Regulation (European Commission) (January 19) More

• EU: Q&A on one aspect of CBAM (European Commission) (January 19) More

• EU: Advocate-General sheds light on VAT implications of transfer pricing adjustments (Loyens & Loeff) (January 17) More

• EU: E-News from KPMG’s EU Tax Centre (KPMG) (January 17) More

• EU: Priorities of Cyprus EU Council Presidency; state of play on implementation of DAC8 and DAC9 (KPMG) (January 17) More

• EU: Transfer pricing adjustment only relevant for VAT purposes if qualified as adjustment of transaction price agreed between parties (KPMG) (January 17) More

• EU: Transfer pricing true-ups and VAT: where doctrine ends and restraint begins (Frederik Fabius on LinkedIn) (January 17) More

• EU: Why is the GloBE Substance-Based Tax Incentive Safe Harbour a safe harbour under Article 32 of the EU Directive? (Kasper Dziurdz on LinkedIn) (January 17) More

• EU: Key insights from the European Commission’s newly published Foreign Subsidies Regulation Guidelines (Loyens & Loeff) (January 16) More

• EU: Carbon border adjustment mechanism (CBAM) successfully entered into force on January 1, 2026 (KPMG) (January 15) More

• EU: EC notice confirming application of Pillar Two side-by-side package under EU minimum tax directive (KPMG) (January 14) More

• EU: EU tax law: Highlights of 2025 (Loyens & Loeff) (January 14) More

• EU: Navigating the first wave of EU public country-by-country reporting (KPMG) (January 14) More

• EU: European Commission publishes notice in support of Pillar Two Side-by-Side Package (KPMG) (January 13) More

• EU: European Commission recognizes OECD Pillar Two side-by-side safe harbors (Deloitte) (January 13) More

• EU: Side-by-Side as discordant constitutional element: what can EU Member States do? (Jasper Korving) (January 13) More

• EU: CBAM implementing regulation (European Commission) (January 12) More

• EU: EU Tax Alert: Recent developments for tax specialists (Loyens & Loeff) (January 8) More

• EU: EU direct tax initiatives: 2025 year-end state of play (KPMG) (January 7) More

• EU: ECOFIN approves interim EUR 3 customs levy for small parcels (Deloitte) (December 19) More

• EU: E-News from KPMG’s EU Tax Centre (KPMG) (December 18) More

• EU: ECOFIN approves two reports on tax-related initiatives and 2025 Code of Conduct Group conclusion (KPMG) (December 18) More

• EU: EU Tax Directives #6: Repeal of 3 proposed EU Tax Directives (Loyens & Loeff) (December 18) More

• EU: European Commission releases EU “tax gap” report (Commission) (December 18) More

• EU: European Commission publishes December 2025 infringements package (Deloitte) (December 16) More

• EU: Small consignments entering EU subject to fixed customs duty beginning July 1, 2026 (KPMG) (December 16) More

• EU: Opinion Statement on technical simplification of EU’s Anti-Tax Avoidance Directive (ATAD) (CFE Tax Advisers Europe) (December 15) More

• EU: Second evaluation of the EU Directive on Administrative Cooperation in Taxation (DAC) (PwC) (December 15) More

• EU and India: India-EU FTA concluded: ‘Mother of All Deals’ set to reshape global trade (Dezan Shira & Associates) (January 28) More

• EU and US: Trump Administration signals pause on tariffs, announces framework for potential Greenland agreement (Regfollower) (January 23) More

• EU and Luxembourg: E-invoicing: EU and Luxembourg considerations for businesses (Deloitte) (January 22) More

• EU and US: President Trump withdraws his threat to impose tariffs on European countries in respect of Greenland – Truth Social post (Government) (January 22) More

• EU and US: President Trump threatens tariffs on European countries in respect of Greenland – Truth Social post (Government) (January 20) More

• EU and US: Trump announces new tariffs over Greenland, EU mulls USD 108 billion in retaliatory tariffs (Regfollower) (January 20) More

• France: 2026 draft finance bill under parliamentary review (Deloitte) (January 24) More

• France: Social security finance law for 2026: Key measures (Deloitte) (January 22) More

• France: SNA case – transfer pricing – related party distributor – whether discounts should be taken into account when performing comparability analysis (Administrative Court of Appeal decision) (in French) (TPcases) (January 13) More

• France: ArcelorMittal case – transfer pricing – intragroup royalties (Court of Appeal of Paris) (in French) (TPcases) (January 8) More

• France: Société Générale case – transfer pricing – incurring of costs for benefit of foreign subsidiaries (France Supreme Administrative Court decision) (in French) (TPcases) (January 5) More

• France: Special law to guarantee continuity of nation adopted (Deloitte) (January 5) More

• France: Additional Pillar Two guidance (KPMG) (December 18) More

• France: Pillar Two: Latest FTA guidance (Deloitte) (December 16) More

• France and India: India-France tax treaty update favours long-term investors, expands capital gains rights (Dezan Shira and Associates) (December 17) More

• Germany: Draft amendments to the German RETT Act (Baker McKenzie) (January 22) More

• Germany: Government approves draft law addressing double RETT on share deal transactions (Deloitte) (January 22) More

• Germany: Updated guidance on application of Commentary to OECD model treaty (in German) (Government) (January 19) More

• Germany: Updated guidance issued on use of OECD model commentary in tax treaty interpretation (Deloitte) (January 13) More

• Germany: Withholding tax on dividends paid by German hybrid entities (KPMG) (December 16) More

• Gibraltar: Gibraltar to introduce Pillar Two registration and local Top-up Tax Return (EY) (December 17) More

• Greece: Circular provides guidance on implementation of CBAM and related obligations (Deloitte) (January 24) More

• Greece: Circular clarifies application of 30% reduction of VAT rates to specific islands (Deloitte) (January 21) More

• Greece: Guidance on taxation of distribution or capitalization of untaxed profits from prior years (KPMG) (January 6) More

• Hungary: Decree with updated transfer pricing rules (in Hungarian) (Government) (January 14) More

• Hungary: Hungary introduces new Transfer Pricing Decree tightening local compliance (EY) (January 8) More

• Hungary: Advertisement tax regime to resume July 1, 2026 (KPMG) (January 5) More

• Ireland: Ireland enacts Finance Act 2025, enhances R&D tax credits (Regfollower) (January 15) More

• Ireland: Ireland's Pillar Two registration deadline is extended (EY) (December 19) More

• Ireland: Government publishes Phase One Feedback Statement for reform of Ireland's taxation regime for interest (EY) (December 15) More

• Italy: Tax measures in 2026 Budget Law (KPMG) (January 28) More

• Italy: 2026 Budget Law (in Italian) (Government) (January 12) More

• Italy: Italy makes indirect tax changes through 2026 Italian Budget Law and publishes consolidated VAT code (EY) (January 10) More

• Italy: Italian Parliament approves 2026 Budget Law with tax measures affecting banks, other financial intermediaries and insurance companies (EY) (January 8) More

• Italy: Protest breaks out over 2026 budget proposal (Regfollower) (December 16) More

• Italy: VAT audit focus on year-end transfer pricing adjustments (EY) (December 16) More

• Jersey: Draft regulations implementing cryptoasset reporting framework (KPMG) (December 19) More

• Latvia, Lithuania, Malta, Slovakia and Estonia: 5 small EU Member States call on the EU to extend their deferral of the introduction of the EU GloBE Directive (Estonian government press release) (December 18) More

• Liechtenstein, Switzerland, and US: US revises tariffs on products from Liechtenstein and Switzerland (KPMG) (December 18) More

• Lithuania, Malta, Slovakia, Estonia and Latvia: 5 small EU Member States call on the EU to extend their deferral of the introduction of the EU GloBE Directive (Estonian government press release) (December 18) More

• Luxembourg: Luxembourg approved two new carried interest regimes (Loyens & Loeff) (January 27) More

• Luxembourg: Luxembourg confirms a clear and competitive carried interest framework (White & Case) (January 24) More

• Luxembourg: Luxembourg adopts modernized carried interest regime (EY) (January 23) More

• Luxembourg: Start-up investment tax credit enacted (KPMG) (January 23) More

• Luxembourg: Luxembourg launches Pillar Two registration and return filing (EY) (January 22) More

• Luxembourg: Luxembourg opens Pillar Two registration (Loyens & Loeff) (January 8) More

• Luxembourg: Luxembourg introduces GloBE Information Return, exchange of information and Administrative Guidance on Article 9.1 (EY) (January 6) More

• Luxembourg: Luxembourg introduces new tax credit to support investments in innovative start-ups (EY) (January 6) More

• Luxembourg and EU: E-invoicing: EU and Luxembourg considerations for businesses (Deloitte) (January 22) More

• Malta: Gearing up for crypto asset tax reporting requirements in 2026 (Deloitte) (December 16) More

• Malta, Slovakia, Estonia, Latvia and Lithuania: 5 small EU Member States call on the EU to extend their deferral of the introduction of the EU GloBE Directive (Estonian government press release) (December 18) More

• Netherlands: Interest on loan from Belgium coordination center is non-deductible (Supreme Court decision) (KPMG) (January 23) More

• Netherlands: Dutch Supreme Court curbs excessive tax interest rate (Loyens & Loeff) (January 17) More

• Netherlands: 2026 Tax Plan approved by upper house of Parliament, including Pillar Two changes and implementation of DAC9 (KPMG) (January 5) More

• Netherlands: Interest expense may be non-deductible when acquisitions financed with shareholder loans (Supreme Court decision) (KPMG) (January 5) More

• Netherlands: Consultation on changes to definition of mutual fund and introduction of an opt-out scheme (KPMG) (December 19) More

• Netherlands: Consultation proposal to amend the FGR regime (Loyens & Loeff) (December 17) More

• Netherlands: Dutch tax classification of (non-)Dutch limited partnerships – current state of play (Loyens & Loeff) (December 17) More

• Netherlands: Interest expenses non-deductible when debt acquisition abuses law (Supreme Court decision) (KPMG) (December 17) More

• Netherlands: Tax Administration clarifies correction of pre-Pillar 2 tax charges under minimum tax Act 2024 (Regfollower) (December 16) More

• Netherlands and Brazil: Dutch Advocate General confirms IoNE qualifies exclusively as dividend under NL-Brazil tax treaty (Loyens & Loeff) (January 5) More

• Netherlands and Brazil: A-G opinion Dutch Supreme Court - Brazilian interest on net equity (Rhys Bane on LinkedIn) (December 16) More

• Poland: IP restructuring case – transfer pricing – sale of trademarks to related company, followed by licence back – deductibility of royalties – non-recognition of transactions (Supreme Administrative Court) (in Polish) (TPcases) (January 28) More

• Poland: Remitter of dividends obligated to verify authenticity of ownership structure (Supreme Administrative Court decision) (KPMG) (January 5) More

• Poland: Amendments to corporate income tax for banks and exemptions for investment funds (KPMG) (December 18) More

• Portugal: Portugal abolishes regulatory clawback mechanism in energy sector (EY) (January 7) More

• Romania: Romania implements 2026 tax reforms: Limits deductions for IP, consulting fees (Regfollower) (January 16) More

• Romania: Amendments to various direct and indirect taxes, new e-invoicing obligations (KPMG) (January 14) More

• Romania: Amendments to fiscal code and introduction of new logistics fee (KPMG) (December 19) More

• Serbia: Amendments to e-invoicing law (KPMG) (December 19) More

• Serbia: Amendments to VAT law adopted (KPMG) (December 15) More

• Slovakia, Estonia, Latvia, Lithuania and Malta: 5 small EU Member States call on the EU to extend their deferral of the introduction of the EU GloBE Directive (Estonian government press release) (December 18) More

• Slovak Republic: Guidance on tax treatment of outbound software payments (in Slovak) (Tax authorities) (January 12) More

• Spain: Tax newsletter (November 2025) (Garrigues) (January 6) More

• Spain: Tax newsletter (November 2025) (Garrigues) (December 19) More

• Sweden: Taxation under Sweden-UK treaty of dividends covered by UK foreign income and gains rules (Tax Court advance ruling) (KPMG) (January 5) More

• Switzerland: Zurich's transfer pricing practice adapted for the asset management industry (Deloitte) (January 28) More

• Switzerland: Transfer pricing practice adapted for the asset management industry (Deloitte) (January 27) More

• Switzerland: Implications of Zug case and Switzerland’s commitment to calendar year-based transfer pricing enforcement (KPMG) (January 5) More

• Switzerland: Tax authority practices relating to business restructurings and DEMPE functions (David Zářecký on LinkedIn) (December 16) More

• Switzerland, US and Liechtenstein: US revises tariffs on products from Liechtenstein and Switzerland (KPMG) (December 18) More

• Turkey: MoF issues guidance for domestic minimum top-up tax returns (Regfollower) (January 15) More

• Turkey: Turkey further extends Qualified Domestic Minimum Top-Up Tax filing and payment deadlines (EY) (January 15) More

• Turkey: Revenue Administration extends 0% withholding tax on bonds, lease certificates (Regfollower) (January 13) More

• Turkey: Presidential Decision on reduction in DST rate (in Turkish) (Government) (January 12) More

• Turkey: Turkey removes simplified entries for B2C e-commerce imports (EY) (January 10) More

• Turkey: Turkey issues final General Communique on local and global minimum top-up corporation tax (Pillar Two) (EY) (January 7) More

• Turkey: Turkey revises Digital Service Tax rate for 2026 and 2027 (EY) (January 7) More

• Turkey: Extension of QDMTT return filing deadline (KPMG) (December 18) More

• Turkey: Government extends through 2030 availability of temporary Article 67 on taxation of marketable securities and derivatives (EY) (December 16) More

• UK: Finding the Natural Balance: public law arguments and disclosure in the FTT (Macfarlanes) (January 28) More

• UK: HMRC updates GfC7: Value chain analysis and offshore procurement hubs – what UK businesses need to know (PwC) (January 28) More

• UK: Tax and the City review - January 2026 (Slaughter and May) (January 27) More

• UK: Updated transfer pricing guidance (Tax authorities) (January 26) More

• UK: Tax disputes newsletter - January 2026 (Macfarlanes) (January 23) More

• UK: Updated transfer pricing guidelines for compliance (KPMG) (January 23) More

• UK: Guidance on imported hybrid mismatch rules (Tax authorities) (January 19) More

• UK: Guidance on proposed diverted profits tax reforms (Tax authorities) (January 19) More

• UK: Guidance on proposed PEs reforms (Tax authorities) (January 19) More

• UK: Guidance on proposed transfer pricing reforms (Tax authorities) (January 19) More

• UK: Supreme Court denies VAT recovery on costs relating to sale of a subsidiary company (Macfarlanes) (January 16) More

• UK: Countdown to the International Controlled Transactions Schedule – how UK businesses can prepare for new transfer pricing reporting requirements (Macfarlanes) (January 15) More

• UK: Finance Bill (No. 2) Bill 2024-26 progress update (Deloitte) (January 10) More

• UK: HMRC publishes draft guidance on transfer pricing, PEs, and DPT reforms (Deloitte) (January 10) More

• UK: HMRC publishes guidelines for compliance on imported hybrid mismatches (Deloitte) (January 10) More

• UK: HMRC updates guidance on withholding tax on payments of interest overseas (Deloitte) (January 10) More

• UK: Draft guidance on new advance tax certainty service (ATCS) (KPMG) (January 9) More

• UK: Providing scientific education through digital platform does not qualify for R&D tax relief (First-tier Tribunal decision) (KPMG) (January 9) More

• UK: Stamp duty land tax general anti-avoidance rule applied to series of intra-group transactions (Court of Appeal decision) (KPMG) (January 9) More

• UK: VAT costs deductible when professional fees directly linked to taxable sale (Supreme Court decision) (KPMG) (January 5) More

• UK: Hotel La Tour Supreme Court decision: no VAT recovery on share sale deal fees (Slaughter and May) (December 18) More

• UK: HMRC publishes draft guidance on advance tax certainty for major projects service (Deloitte) (December 16) More

• UK: HMRC updates to Capital Gains Manual (Deloitte) (December 16) More

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Africa 

• Algeria: Finance Law 2026: Key tax and regulatory measures impacting foreign and Algerian companies (EY) (January 22) More

• Cameroon and Global: PE watch (EY) (January 16) More

• Egypt: Threshold for transfer pricing documentation doubled (Deloitte) (January 5) More

• Egypt: Egypt unveils second tax facilitation package to ease procedures, boost compliance (Regfollower) (December 19) More

• Egypt: Instructions clarify procedures to offset VAT credits against tax debit balances (Deloitte) (December 16) More

• Ethiopia: Ethiopia issues a new Income Tax Proclamation (EY) (December 19) More

• Ghana: Parliament enacts several indirect tax-related laws, effective 1 January 2026 (EY) (January 13) More

• Ghana: Deduction at source for VAT paid to non-residents on digital services considered (Deloitte) (December 19) More

• Ghana and Nigeria: From legislation to action - 2026 business outlook on tax reforms in Nigeria and Ghana (EY) (January 16) More

• Kenya: Digital platform operator with transactional control liable for VAT (Kenya High Court decision) (KPMG) (January 21) More

• Kenya: Kenya Revenue Authority publishes draft regulations on Minimum Top-Up Tax (EY) (December 18) More

• Kenya: Five-year tax loss carryforward limit under Finance Act 2025 (KPMG) (December 16) More

• Liberia: Draft 2026 budget includes measures to tax digital economy, increase in GST (KPMG) (January 17) More

• Mauritius: VAT obligations of foreign suppliers of digital and electronic services effective January 1, 2026 (KPMG) (January 17) More

• Mozambique: Amendments to VAT, corporate and individual income tax, excise tax, and customs laws (KPMG) (January 8) More

• Namibia: Tax proposals in 2025/2026 mid-year budget review (KPMG) (January 7) More

• Nigeria: “Certified” versions of tax reform legislation released by National Assembly – Intended to address discrepancies in legislation, but errors and gaps in legislation remain (KPMG) (January 7) More

• Nigeria and Ghana: From legislation to action - 2026 business outlook on tax reforms in Nigeria and Ghana (EY) (January 16) More

• South Africa: Requirements for certain unlisted companies to qualify as a REIT (KPMG) (December 18) More

• Tanzania: Coffee Exporters case – transfer pricing – whether unrelated purchaser is an associate for transfer pricing purposes (Court of Appeal decision) (TPcases) (January 9) More

• Tanzania: SEACOM case – transfer pricing – characterisation of financing as loan – withholding tax on deemed interest (Court of Appeal decision) (TPcases) (January 9) More

• Tanzania: Aggreko case – transfer pricing – allocation of head office expenses (Court of Appeal decision) (TPcases) (January 5) More

• Tunisia: Expanded e-invoicing mandate to cover services, in addition to goods (KPMG) (January 16) More

• Zimbabwe: Zimbabwe introduces broad tax changes for 2026, including digital services tax, VAT, mining adjustments (Regfollower) (January 27) More

• Zimbabwe: Digital services withholding in lieu of nonresident VAT collection (KPMG) (January 23) More

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