European Union
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- European Commission · Taxation and Customs UnionThe European Commission launches public consultation on VAT and the Circular Economy ↗
Document date: 2026-09-10 · Recorded source access: 2026-09-20
Latest analyses
Panama and Viet Nam move out of Annex I of the EU tax list
On 9 October 2026, the Council of the European Union adopted a revision of its list of non-cooperative jurisdictions for tax purposes. Panama and Viet Nam move to Annex II pending an in-depth Global Forum review. The change calls for a review of affected transactions, but does not automatically remove a withholding tax, a control or a reporting obligation. This analysis distinguishes the adopted decision, its official publication and the rules that must be checked for each transaction.
European UnionEU VAT: anti-fraud reverse charge could run until 2030
The Commission proposes extending two temporary VAT anti-fraud tools until 30 June 2030: the targeted reverse charge under Article 199a and the Quick Reaction Mechanism under Article 199b. COM(2026) 515 has not yet been adopted and does not, by itself, change any invoice. Current EU law sets the expiry at 31 December 2026. Businesses should monitor the Council process, national choices and the transition to VAT in the Digital Age.