12 June 2026 Private equity tax update | Q1 and Q2 2026 This Alert highlights important tax topics relevant to private equity that arose in Germany, the Netherlands, Spain, Italy, Portugal and Poland in the first half of 2026. Specifically, the developments summarized in the Alert include: the Pillar Two side-by-side system; a ruling on tax consolidation groups in Germany; a Supreme Court decision on tax-neutral mergers and proposed changes to foreign exchange and the Dutch participation exemption in the Netherlands; a case on beneficial ownership in Spain; the new Spain-Netherlands tax treaty; a recovery opportunity for value-added tax (VAT) on transaction costs in Italy; a new VAT group regime in Portugal; and recent withholding tax practice and mandatory e-invoicing in Poland. Document ID: 2026-1262 |
