European Union: Sales Taxes: VAT, GST

Austria has introduced new VAT rules for luxury residential properties exceeding EUR 2 million in total costs, fundamentally changing the tax treatment that has long distinguished the country's approach from standard EU frameworks. Starting January 2026, these high-value properties will face mandatory VAT exemption, eliminating the input VAT deduction rights that previously provided significant liquidity advantages to developers and landlords. The threshold calculation encompasses acquisition, construction,

On 24 April 2026, Cyprus extended the transitional regime that lets some buyers claim the 5% VAT rate on a primary residence under the more generous pre-2023 rules. Here is what changed and which deadlines apply.

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Corporate transactions in Germany present complex tax considerations for buyers and sellers, with fundamentally different implications depending on whether the deal is structured as an asset or share transaction. Understanding how capital gains taxation, real estate transfer tax, and depreciation rules apply to each structure is essential for optimizing after-tax outcomes and managing inherited tax liabilities.

Portugal has introduced a comprehensive package of measures through Decree-Law No. 97/2026 aimed at addressing housing accessibility challenges. The new legislation combines tax incentives and regulatory reforms targeting construction, renovation, property sales, and residential lettings to expand housing supply and improve affordability for buyers and renters.

Cyprus offers attractive opportunities for international property purchasers, but navigating the legal framework requires careful attention to due diligence, contract registration, and VAT implications.

Entities conducting business in Poland face complex VAT registration requirements that extend beyond simple sales thresholds. While the standard registration trigger is PLN 240,000 in annual sales, certain activities mandate immediate registration regardless of turnover, and tax authorities conduct rigorous verification procedures that examine business premises, financing sources, and operational infrastructure before approving applications.

Poland's mandatory e-invoicing system KSeF has encountered significant technical challenges since its phased rollout began in February 2026, affecting taxpayers' ability to meet compliance obligations.

Spain's VAT Law provides an exemption for certain entities on intra-community acquisitions of goods, but only if the total value remains below EUR 10,000 per calendar year.