Europe

Extraordinary times call for extraordinary taxes. The new UK Wealth Tax Proposal suggests “war-time” adjustments to protect households from inflation.

Gibraltar’s new Transaction Tax is still coming, but not yet. Official updates now show the EU-UK Gibraltar agreement is expected to apply provisionally from July 15, 2026, delaying the planned 15% regime.

Digital victory in Warsaw. The Poland KSeF E-Invoicing system reports 150 million invoices in its first week, proving the “hard launch” is a success.

Small parcels, new costs. The EU Fixed Customs Duty is now live, adding a flat €3 fee to all international e-commerce imports under €150.

IT and Tax have a new common language. The OECD Pillar Two GIR Schema is now official, setting the mandatory XML format for global minimum tax reporting.

Procurement meets payroll. The Germany Federal Tariff Compliance Act now mandates collective bargaining standards for all federal contracts over €50,000.

The 12.5% era is over. Cyprus has officially transitioned to a 15% corporate tax rate and introduced stricter residency tests to align with global standards.

The EU has set the stage for a major VAT shift. The finalized EU ViDA Platform Rules require digital platforms to act as tax collectors starting in 2027.

Financial survival meets digital transparency. Ukraine has reached a consensus on the Ukraine Military Tax Reform, a key requirement for IMF and EU funding.

Workplace enforcement just got a massive upgrade. The UK Fair Work Agency Launch introduces a central regulator with the power to audit payroll without complaints.