EncryptInvoice News
Articles tagged tax
Spain's Real Decreto-ley 26/2026 introduces targeted fiscal measures under Personal Income Tax (IRPF) to improve housing affordability and expand affordable housing supply. The decree-law includes reductions in net real estate capital income, a 10% rental deduction for primary residence, and a capital gains exemption for housing transfers to public entities.
France's corporate income tax revenue reached €70.7 billion in 2025, a 4% year-over-year increase after tax reductions and credits. The DGFiP's finalized data shows gross tax of €83.7 billion grew 2.5%, while net revenue grew 4% after €13 billion in relief mechanisms.
Belgium unified QDMTT and RIR filing deadlines to 31 October 2026 for specific fiscal-year cohorts under Pillar 2 tax requirements. The consolidation applies to multinational and large domestic corporate groups and supersedes a prior extension announced in April 2026. Groups must prioritize general representative notifications before submitting QDMTT declarations.
The IRS has published Notice 2026-53 with updated guidance on Section 45Z Clean Fuels Production Tax Credit, excluding ILUC emissions from calculations and restricting eligible feedstocks to those produced in the U.S., Mexico, or Canada. The notice provides compliance flexibility for biofuel producers while final regulations remain under development.
The U.S. Treasury and IRS proposed regulations restricting four refundable tax credits to citizens, nationals, and qualified aliens under PRWORA. The proposal introduces new immigration-status verification and declaration requirements, representing a significant expansion of PRWORA into individual income tax credit administration.
The Dutch tax authority completed 8.3 million income tax assessments for the 2025 tax year by 25 September 2026. Of these, 5.3 million taxpayers will receive refunds, while 1.2 million owe additional tax. The authority promotes provisional assessments to help taxpayers spread payments across the year.
Belgium's SPF Finances extended corporate income tax deadlines to 15 October 2026 and personal income tax deadlines to 31 October 2026, providing 15-day extensions for filings through official digital platforms Tax-on-web and Biztax following consultations with sector professionals.
Belgium's €3 flat-rate duty on non-EU e-commerce shipments introduced in June 2026 has dramatically shifted customs declaration patterns within six weeks. H7 declarations fell 53% while H1 declarations surged 102%, with average declared values nearly doubling. The duty generated €223.7 million in revenue by mid-August.
The Kenya Revenue Authority has launched two high-profile criminal prosecutions involving KES 130 million in alleged income tax evasion and counterfeit excise stamps on alcoholic beverages, intensifying its enforcement efforts against tax evasion and illicit trade.
Italy's Circular 7/E clarifies key tax rules for amateur sports organizations, including income thresholds, VAT exemptions, and fundraising regulations, providing much-needed guidance for practitioners in the sector.
Italy's Agenzia delle Entrate issued revised fiscal risk management guidelines for its collaborative compliance regime in July 2026, introducing specific accounting treatments for cryptocurrency assets and exclusive infrastructure usage rights. The update reflects ongoing institutional dialogue and extends prior instructions.
Uganda's Income Tax and Excise Duty Amendment Acts both took effect on July 1, 2026. The URA directs taxpayers to review and adjust their tax returns and declarations for both direct and indirect taxes to ensure compliance and avoid penalties.
