Kworia News
Articles tagged tax
Norway's Skatteetaten has mandated SAF-T Financial version 1.40 for all accounting periods starting January 1, 2027. Businesses must ensure their accounting software is compatible with the updated structure and data requirements. Failure to comply risks penalties during tax audits.
Portugal's 2026 State Budget Law formally establishes SAF-T Accounting deadlines: records must be maintained in SAF-T format starting in 2027, with the first submission deadline in 2028. The Autoridade Tributária e Aduaneira will oversee compliance. Businesses should upgrade systems, train staff, and prepare processes now.
The IRS's 2026 Cybersecurity Awareness Month campaign emphasizes year-round cybersecurity practices for taxpayers and professionals, including scam recognition, reporting mechanisms, and identity-protection tools. The guidance references the newly effective FTC Safeguards Rule MFA requirement for tax professionals, which took effect on September 19, 2026.
Ghana's Revenue Authority has secured a landmark $393 million arbitration victory against Tullow Ghana, establishing that business interruption insurance proceeds in the petroleum sector are subject to taxation and signaling aggressive tax enforcement.
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.
