This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Europe and Africa Regions between 1 July and 31 July 2026.
International Tax Europe and Africa July 2026
For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.
To contact the International Tax Team email internationaltax@kpmg.com.
To register for the International Tax webcasts, click here.
Andorra
Andorra | |||
Treaties | Income tax | 28 July 2026 | Income tax treaty with Bulgaria signed. Read more |
Austria
Austria | |||
Treaties | Income tax | 31 July 2026 | Income tax treaty with Argentina enters into force. Read more |
Tax legislation approved and regulatory update | Income tax | 31 July 2026 | Budget Accompanying Act 2027-2028 passed by Parliament. Read more |
Treaties | Income tax | 02 July 2026 | Income tax treaty with Andorra signed, protocol to Uzbekistan treaty signed. Read more |
Belgium
Belgium | |||
Proposed legislation | Indirect tax | 22 July 2026 | Proposal to introduce e-reporting of invoicing data from 2028. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 13 July 2026 | Guidance on notification of GloBE information return (GIR) filing entity, portal opened. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 07 July 2026 | Portal for domestic top-up tax (DTT) and income inclusion rule (IIR) returns and notification of general representative opened on July 1, 2026. Read more |
Bosnia and Herzegovina
Bosnia and Herzegovina | |||
Tax legislation approved and regulatory update | Income tax | 02 July 2026 | Amendments to the rulebook on implementation of corporate income tax law. Read more |
Botswana
Botswana | |||
Tax legislation approved and regulatory update | Various tax topics | 09 July 2026 | Legislation including increased corporate tax rate, Domestic Minimum Top-Up Tax, and Value Added Tax (VAT) on remote digital services enacted. Read more |
Croatia
Croatia | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 14 July 2026 | Global minimum tax implementing regulations. Read more |
Czechia
Czechia | |||
Tax legislation approved and regulatory update | Indirect Tax | 16 July 2026 | Value Added Tax (VAT) treatment of planning agreements. Read more |
Administrative and case law | Income tax | 16 July 2026 | No time limit for filing royalty and interest tax exemption application (Supreme Administrative Court (SAC) decision). Read more |
Denmark
Denmark | |||
Administrative and case law | Income tax | 09 July 2026 | Withholding tax refund claims are subject to five-year limitation period (Supreme Court decision). Read more |
Proposed legislation | Various tax topics | 01 July 2026 | Coalition agreement includes changes to individual, corporate, and indirect taxes. Read more |
Djibouti
Djibouti | |||
Tax legislation approved and regulatory update | Tax compliance | 06 July 2026 | Collection and compliance rules for outbound transfer tax. Read more |
European Union
European Union | |||
Tax legislation approved and regulatory update | Trade and Customs | 31 July 2026 | Suspension of rebalancing measures against US exports extended. Read more |
Administrative and case law | Income tax | 30 July 2026 | Court of Justice of the European Union (CJEU) referral on compatibility with EU law of French tax on share buybacks (France). Read more |
Administrative and case law | Income tax | 30 July 2026 | Court of Justice of the European Union (CJEU) referral on computation of interest on refunds under EU law (Portugal). Read more |
Proposed legislation | Income tax | 30 July 2026 | European Parliament (EP) resolution on feasibility of 28th tax regime, FISC public hearing on DAC recast proposal. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 30 July 2026 | Formal European Commission (EC) notice requesting France, Germany, and Italy to align with PSD, EC updates on DAC9 infringement proceedings. Read more |
Tax legislation approved and regulatory update | Trade and Customs | 27 July 2026 | EU adopts 21st package of sanctions against Russia. Read more |
Other | Various tax topics | 09 July 2026 | The European Commission (EC) publishes Anti-Tax Avoidance Directive (ATAD) evaluation report and study examining possible reforms to taxation of financial sector. Read more |
Administrative and case law | Income tax | 09 July 2026 | Court of Justice of the European Union (CJEU) advocate general opinion that Luxembourg correctly transposed the Anti-Tax Avoidance Directive (ATAD) interest limitation rules. Read more |
Other | BEPS Pillar 2 | 09 July 2026 | European Parliament workshop on possible EU-wide digital services tax (DST). Read more |
Administrative and case law | Income tax | 09 July 2026 | The Court of Justice of the European Union (CJEU) advocate general opinion on loss making nonresident shareholder receiving dividends subject to withholding tax. Read more |
France
France | |||
Tax legislation approved and regulatory update | Indirect tax | 30 July 2026 | Regulatory framework established for e-invoicing and digital reporting reform. Read more |
Tax legislation approved and regulatory update | Indirect tax | 30 July 2026 | Formal filing framework for Pillar Two returns and submissions. Read more |
Tax legislation approved and regulatory update | Tax compliance | 16 July 2026 | Simplification of top-up tax information returns confirmed. Read more |
Germany
Germany | |||
Proposed legislation | Indirect tax | 29 July 2026 | Real-time Value Added Tax (VAT) reporting to combat tax fraud. Read more |
Tax legislation approved and regulatory update | Tax compliance | 15 July 2026 | FATCA guidance addresses foreign tax identification number (FTIN) reporting, XML uploads, and filing issues. Read more |
Proposed legislation | Indirect tax | 14 July 2026 | Draft Annual Tax Act 2026, other Value Added Tax (VAT) developments. Read more |
Administrative and case law | Indirect tax | 06 July 2026 | No Value Added Tax (VAT) adjustment for subcontractor with respect to assigned bad debt (General Court decision), other VAT developments. Read more |
Ghana
Ghana | |||
Proposed legislation | Various tax topics | 29 July 2026 | Mid-year budget review outlines customs, excise, and Value Added Tax (VAT) measures. Read more |
Greece
Greece | |||
Tax legislation approved and regulatory update | Income tax | 15 July 2026 | Tax provisions for investment funds and fund managers under new law. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 13 July 2026 | Extension of Pillar Two top-up tax returns filing deadline and launch of GloBE information return platform. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 02 July 2026 | Guidance on submission and exchange of GloBE information returns (GIRs). Read more |
Hungary
Hungary | |||
Proposed legislation | Tax compliance | 06 July 2026 | Government plans to maintain current VAT return invoice-level reporting requirements. Read more |
Isle of Man
Isle of Man | |||
Tax legislation approved and regulatory update | Tax compliance | 09 July 2026 | Updated Common Reporting Standard (CRS) 2.0 guidance. Read more |
Italy
Italy | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 31 July 2026 | Guidance on Pillar Two compliance. Read more |
Administrative and case law | Income tax | 30 July 2026 | Company effectively managed in Italy and thus subject to Italian corporate income tax (IRES) (Supreme Court decision). Read more |
Tax legislation approved and regulatory update | Tax compliance | 27 July 2026 | New time-stamping requirement for permanent establishments (PE) accounts. Read more |
Tax legislation approved and regulatory update | Tax compliance | 06 July 2026 | Implementing measures for DAC8 under cryptoasset reporting framework. Read more |
Kenya
Kenya | |||
Tax legislation approved and regulatory update | Trade & Customs | 27 July 2026 | Customs and duty changes for the 2026/2027 tax year. Read more |
Tax legislation approved and regulatory update | Various tax topics | 07 July 2026 | Tax measures in Finance Act, 2026 include country-by-country reporting changes. Read more |
Tax legislation approved and regulatory update | Various tax topics | 06 July 2026 | Legislation exempting internal reorganizations from capital gains tax and expanding eligible special economic zones signed into law. Read more |
Latvia
Latvia | |||
Treaties | Income tax | 06 July 2026 | Income tax treaty with Liechtenstein enters into force. Read more |
Luxembourg
Luxembourg | |||
Tax legislation approved and regulatory update | Tax compliance | 31 July 2026 | Updates to subscription tax procedures. Read more |
Proposed legislation | BEPS Pillar 2 | 28 July 2026 | Draft legislation introducing side-by-side (SbS) package, confirmation that Cyprus has qualified Pillar Two income inclusion rule (IIR). Read more |
Proposed legislation | BEPS Pillar 2 | 23 July 2026 | Draft legislation introducing OECD side-by-side (SbS) package. Read more |
Other | Various tax topics | 20 July 2026 | Proposed energy-related temporary tax credits, guidance regarding VAT treatment of photovoltaic solar installations. Read more |
Treaties | Income tax | 06 July 2026 | Protocol to income tax treaty with Vietnam enters into force. Read more |
Tax legislation approved and regulatory update | Tax compliance | 06 July 2026 | Registration procedures for cryptoasset service providers. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 01 July 2026 | Updated Pillar Two FAQs. Read more |
Malta
Malta | |||
Tax legislation approved and regulatory update | Tax compliance | 15 July 2026 | Findings from CRS/FATCA annual self-compliance questionnaire (SCQ). Read more |
Tax legislation approved and regulatory update | Tax compliance | 10 July 2026 | Implementation of DAC8 under cryptoasset reporting framework (CARF). Read more |
Mauritius
Mauritius | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 21 July 2026 | Extension of deadline for submission of domestic minimum top-up tax (DMTT) return. Read more |
Administrative and case law | Income tax | 13 July 2026 | Entitlement to 80% partial exemption on interest income (Privy Council judgment). Read more |
Proposed legislation | Various tax topics | 07 July 2026 | Proposed tax measures in budget 2026-2027. Read more |
Moldova
Moldova | |||
Tax legislation approved and regulatory update | Income tax | 31 July 2026 | Guidance on income tax treatment of small and medium-sized enterprises (SMEs) upon merger. Read more |
Tax legislation approved and regulatory update | Indirect tax | 31 July 2026 | Simplified Value Added Tax (VAT) registration certificate. Read more |
Tax legislation approved and regulatory update | Income tax | 31 July 2026 | Methodology for property tax on unfinished constructions. Read more |
Proposed legislation | Various tax topics | 31 July 2026 | Consultation on proposed tax and customs reform package. Read more |
Montenegro
Montenegro | |||
Treaties | Income tax | 20 July 2026 | Income tax treaty with Spain signed. Read more |
Treaties | Income tax | 06 July 2026 | Income tax treaty with Liechtenstein enters into force. Read more |
Proposed legislation | Income tax | 06 July 2026 | Draft legislation amending corporate income tax law to align with EU ATAD rules. Read more |
Netherlands
Netherlands | |||
Treaties | Income tax | 28 July 2026 | Remote training services treated as business profits under Chile income tax treaty. Read more |
Treaties | Income tax | 28 July 2026 | New income tax treaty with Sweden signed. Read more |
Tax legislation approved and regulatory update | Income tax | 28 July 2026 | Clarifications on corporate income tax treatment of cooperative exit payments and downward interest adjustments. Read more |
Tax legislation approved and regulatory update | Income tax | 28 July 2026 | Clarification regarding tax classification of Chilean Sociedad por Acciones (SpA). Read more |
Proposed legislation | Indirect tax | 28 July 2026 | Plans for sugar tax on food and drinks. Read more |
Treaties | Income tax | 23 July 2026 | Income tax treaty with Benin signed. Read more |
Tax legislation approved and regulatory update | Income Tax | 23 July 2026 | Clarifications regarding tax classifications for Barbados, French, and Saudi entities. Read more |
KPMG publications | Various tax topics | 16 July 2026 | KPMG report: Global tax and legal environmental, social, and governance (ESG)-related developments (July 2026). Read more |
KPMG publications | Various tax topics | 15 July 2026 | Shipping and offshore tax update (July 2026). Read more |
Other | Tax compliance | 09 July 2026 | Mutual agreement procedure (MAP) annual report for 2025. Read more |
Tax legislation approved and regulatory update | Various tax topics | 02 July 2026 | Temporary tax relief measures in response to energy shock. Read more |
Tax legislation approved and regulatory update | Income tax | 02 July 2026 | Clarification of comparability for tax purposes of four foreign legal entities with Dutch legal entities. Read more |
Nigeria
Nigeria | |||
Tax legislation approved and regulatory update | Tax compliance | 07 July 2026 | Presumptive tax regulations for taxpayers with unreliable income records. Read more |
OECD
OECD | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 30 July 2026 | Additional Pillar Two filing extensions. Read more |
Other | Various tax topics | 23 July 2026 | Preferential tax regimes under Base Erosion and Profit Shifting (BEPS) Action 5. Read more |
Other | Various tax topics | 21 July 2026 | Corporate tax statistics 2026. Read more |
Other | BEPS Pillar 2 | 15 July 2026 | Working paper on multinational enterprises (MNE) responses to global minimum tax (GMT). Read more |
Other | BEPS Pillar 2 | 09 July 2026 | Pillar Two GloBE Information Return (GIR) filing extensions and transitional relief. Read more |
Poland
Poland | |||
KPMG publications | Various tax topics | 27 July 2026 | Updates to proposed corporate income tax amendments, transfer pricing simplification measures adopted, other tax developments. Read more |
KPMG publications | Various tax topics | 20 July 2026 | Proposed amendments to excise duty regime, draft regulations for windfall tax reporting, other tax developments. Read more |
KPMG publications | Various tax topics | 14 July 2026 | Tax deregulation proposals and court decisions. Read more |
Tax legislation approved and regulatory update | Various tax topics | 09 July 2026 | Draft legislation introducing windfall tax on liquid fuels, guidance on e-invoice corrections, other tax developments. Read more |
Romania
Romania | |||
Tax legislation approved and regulatory update | Tax compliance | 30 July 2026 | Form F8000 approved for reporting cryptoasset service providers. Read more |
Treaties | Income tax | 28 July 2026 | Protocol to income tax treaty with Malta enters into force. Read more |
Tax legislation approved and regulatory update | Indirect tax | 28 July 2026 | Protocol to income tax treaty with Malta enters into force. Read more |
Tax legislation approved and regulatory update | Transfer Pricing | 17 July 2026 | New advance pricing agreement (APA) rules. Read more |
Tax legislation approved and regulatory update | Transfer Pricing | 14 July 2026 | Updated transfer pricing documentation rules. Read more |
San Marino
San Marino | |||
Tax legislation approved and regulatory update | Income tax | 29 July 2026 | Resident trust disregard for income tax and foreign asset reporting purposes. Read more |
Slovenia
Malta | |||
Tax legislation approved and regulatory update | Various tax topics | 28 July 2026 | Guidance on taxation of electricity sharing. Read more |
Proposed legislation | Various tax topics | 02 July 2026 | Proposed legislation includes tax cuts, contribution cap, Value Added Tax (VAT) changes. Read more |
Sweden
Sweden | |||
Proposed legislation | Income tax | 28 July 2026 | Proposed expansion of deductions for research & development (R&D), sponsorship expenses. Read more |
Treaties | Income tax | 28 July 2026 | Income tax treaty with Netherlands signed, protocol to income tax treaty with Cyprus signed. Read more |
Tax legislation approved and regulatory update | Various tax topics | 28 July 2026 | Amendments to tonnage tax system approved by Parliament, proposed amendments to Value Added Tax (VAT) deduction rules for mixed activities. Read more |
Proposed legislation | Indirect tax | 14 July 2026 | Value Added Tax (VAT) rate reduction for dance events, proposals for VAT and coupon tax changes. Read more |
Switzerland
Switzerland | |||
Tax legislation approved and regulatory update | Indirect tax | 28 July 2026 | Increased Value Added Tax (VAT) rates from 2028 approved by Parliament. Read more |
Treaties | Tax compliance | 23 July 2026 | Model 1 Foreign Account Tax Compliance Act (FATCA) Intergovernmental Agreement (IGA) transition delayed again until 2029. Read more |
Tanzania
Tanzania | |||
Tax legislation approved and regulatory update | Various tax topics | 10 July 2026 | Income tax and Value Added Tax (VAT) changes for nonresident providers of digital services. Read more |
Ukraine
Ukraine | |||
Administrative and case law | Income tax | 09 July 2026 | Interest paid to Cypriot company qualifies for reduced withholding tax rate (Supreme Court decision). Read more |
United Kingdom
United Kingdom | |||
Administrative and case law | Income Tax | 30 July 2026 | Payments in satisfaction of related party debts treated as non-deductible distributions (Upper Tribunal decision). Read more |
Tax legislation approved and regulatory update | Indirect tax | 23 July 2026 | Final carbon border adjustment mechanism (CBAM) guidance. Read more |
Proposed legislation | Various tax topics | 23 July 2026 | Draft legislation for Finance Bill 2026-2027 includes implementation of Pillar Two side-by-side package. Read more |
Administrative and case law | Income Tax | 09 July 2026 | Limited Liability Partnership (LLP) members must be re-classified as employees for tax purposes (Supreme Court decision). Read more |
Proposed legislation | Income Tax | 09 July 2026 | Draft legislation providing capital gains tax gift holdover relief. Read more |
