EU postpones response to US tariffs until mid-April 2025
EU Commissioner-Designate Maros Sefcovic announced, on 20 March 2025, to the Committee on International Trade that the EU's countermeasures against the US, in response to President Donald Trump's metals tariffs, will be postponed. The countermeasures, announced on 12 March 2025, will now take
Read MoreIsrael: Parliamentary Finance Committee approves 2025 budget
Israel's Parliamentary Finance Committee approved the 2025 state budget on 23 March 2025. The bill proposes that the net state budget for 2025 will stand at about NIS 755.9 billion – the total budget for calculation of the expenditure limit
Read MoreUK: HMRC to notify groups affected by Pillar Two taxes
The UK tax authority, His Majesty's Revenue and Customs (HMRC) published Agent Update Issue 129 on 19 March 2025, revising technical updates and key reminders for tax professionals. The first liabilities under the United Kingdom's implementation
Read MoreEFTA-Moldova free trade agreement enters into force in relations between Moldova and Switzerland
The free trade agreement (FTA) between Moldova and the European Free Trade Association (EFTA) states will take effect in relations between Moldova and Switzerland on 1 April 2025. The European Free Trade Association (EFTA), established in 1960,
Read MoreBelgium: B2B e-invoicing mandate excludes non-established entities
Belgium’s government confirmed on its official e-invoicing page on 19 March 2024 that non-established VAT-registered entities in Belgium are excluded from the e-invoicing mandate. However, the legislation has yet to be amended to include this
Read MoreMoldova updates transfer pricing rules, adds new APA regulations
Moldova published Order No. 21 of 11 March 2025 in the Official Gazette on 14 March 2025, establishing rules for the country's new transfer pricing regime. The Order No. 21 of 11 March 2025 amends Order No. 9 of 26 January 2024. A key change
Read MoreEU approves Estonia’s special VAT measure on passenger cars
The EU has published Council Implementing Decision 2025/539 (the Decision) on 21 March 2025, which allows Estonia to continue applying a special VAT measure, deviating from parts of the VAT Directive (2006/112). Under the Decision, Estonia can
Read MoreMauritius updates CRS reportable and participating jurisdictions
The Mauritius Revenue Authority has updated its lists of reportable and participating jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard (CRS). The reportable jurisdictions list includes
Read MoreMorocco ratifies tax treaty with Cape Verde
Morocco has completed ratifying the Cabo Verde-Morocco Income Tax Treaty (2023) on 20 February 2025. Morocco officially published in its Official Gazette the royal decree enacting Law No. 33-23, which ratifies the agreement On 6 March 2025. The
Read MoreCorporate Tax
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UN: New Article 12AA on Taxation of Services Presented for Approval
25 March, 2025
The 30th session of the UN Committee of Experts on International
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UK: HMRC to notify groups affected by Pillar Two taxes
25 March, 2025
The UK tax authority, His Majesty's Revenue and Customs (HMRC) published
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Sweden considers further amendments to Pillar Two legislation
24 March, 2025
The Swedish Ministry of Finance released a memorandum proposing additional
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US: FinCEN drops beneficial ownership reporting rules, updates foreign company deadlines
24 March, 2025
The US Department of Treasury's Financial Crimes Enforcement Network
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Canada scraps proposed capital gains tax inclusion rate hike
24 March, 2025
Canada's Prime Minister announced that the government will scrap the
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Netherlands: Government presents draft law on box 3 wealth tax rebuttal provision to parliament
24 March, 2025
The Dutch government has submitted a draft legislation on the “rebuttal
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OECD releases working paper corporate income tax, investment, net-zero transition
24 March, 2025
The OECD has released a working paper titled Corporate income tax,
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OECD updates tax incentives database for 70 emerging and developing economies
24 March, 2025
The OECD has released the Investment Tax Incentives Database 2024 update
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Canada: Manitoba announces 2025 budget, features contingency plan to address potential impact of US tariffs
24 March, 2025
Canada’s provincial state of Manitoba’s Minister of Finance, Adrien
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Australia to tax digital assets under current tax laws
24 March, 2025
Australia’s government announced its upcoming initiative regarding the
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Transfer Pricing
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UN: New Article 12AA on Taxation of Services Presented for Approval
25 March, 2025
The 30th session of the UN Committee of Experts on International Cooperation in Tax Matters is being held from 24 to 27 March 2025. On 25 March 2025 the Subcommittee on Taxation Issues Related to the Digitalized and Globalized Economy presented for approval the new Article
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Moldova updates transfer pricing rules, adds new APA regulations
25 March, 2025
Moldova published Order No. 21 of 11 March 2025 in the Official Gazette on 14 March 2025, establishing rules for the country's new transfer pricing regime. The Order No. 21 of 11 March 2025 amends Order No. 9 of 26 January 2024. A key change is the addition of an annex
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Mauritius updates CRS reportable and participating jurisdictions
25 March, 2025
The Mauritius Revenue Authority has updated its lists of reportable and participating jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard (CRS). The reportable jurisdictions list includes 148 jurisdictions, while the
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Oman updates list of jurisdictions for AEOI
24 March, 2025
The Omani Secretariat General for Taxation published a list of the jurisdictions that will participate in the automatic exchange of information (AEOI) on financial accounts, as per the Common Reporting Standard (CRS), effective from 1 January 2025. The latest additions to
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Austria updates transfer pricing guidelines, aligns with OECD standards
24 March, 2025
The Austrian Ministry of Finance published a decree (BMF decree of 11.03.2025, 2025-0.159.492, BMF-AV No. 33/2025) on 11 March 2025, updating the Austrian Transfer Pricing Guidelines 2021 (Austrian Guidelines). This update aligns the guidelines to the OECD Transfer Pricing
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Australia to tax digital assets under current tax laws
24 March, 2025
Australia’s government announced its upcoming initiative regarding the development of its digital asset industry on 21 March 2025. The Albanese Government is developing a fit for purpose digital asset regime to help build a more dynamic and competitive economy. The
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OECD publishes tax information exchange reviews reports for Armenia, British Virgin Islands, Burkina Faso, Ivory Coast, Djibouti
21 March, 2025
The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) of the OECD has published five new peer review reports on transparency and exchange of information on request (EOIR) for Armenia, the British Virgin Islands, Burkina Faso, Côte d'Ivoire
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Mongolia joins Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports
20 March, 2025
Mongolia joined the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (2016) (CbC MCAA) on 6 March 2025. The Country-by-Country Multilateral Competent Authority Agreement (CbC MCAA) is grounded in Article 6 of the Convention on
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Serbia joins Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports
20 March, 2025
Serbia joined the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (2016) (CbC MCAA) on 4 March 2025. The Country-by-Country Multilateral Competent Authority Agreement (CbC MCAA) is grounded in Article 6 of the Convention on
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Moldova gazettes amended transfer pricing rules
19 March, 2025
Moldova has published Order No. 21 in the Official Gazette on 14 March 2024, following the government’s initiative to amend transfer pricing rules. The Order establishes comprehensive guidelines for submitting unilateral advance pricing agreements (APAs) and introduces a
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Most Read
Switzerland: Lucerne consults economic development, R&D incentives
The government of the Swiss Canton of Lucerne has announced a public consultation on its plans for economic development on 10 March 2025. The canton
Read MoreUK: HMRC updates R&D tax relief guidance on qualifying expenditure and subcontracted activities
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has revised its guidance in the Corporate Intangibles Research and Development
Read MorePoland: Finance Minister consults R&D tax relief changes under GloBE rules
Poland’s Minister of Finance, Andrzej Domański, met with entrepreneurs and tax advisors to discuss proposals to adjust the research and
Read MoreNamibia announces 2024/25 budget with new tax measures
On 28 February 2024, Namibia delivered the 2024/25 Budget. The key tax provisions in the budget statement include: Individual income tax The
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