Vietnam updates regulations on electronic invoices
Vietnam issued Decree 70/2025/ND-CP to amend regulations under Decree 123/2020/ND-CP on electronic invoices and related documents on 20 March 2025. The changes expand the scope of entities eligible to use electronic VAT invoices, including
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Taiwan: MoF clarifies taxation timing for house and land transactions
Taiwan's Ministry of Finance has released a notice providing clarification on the timing of house and land transactions for tax purposes on 14 April 2025. Transactions involving properties acquired on or after 1 January 2016 are subject to the
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Botswana signs OECD agreement on CbC reporting exchange
Botswana signed the OECD’s Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 9 April 2025. Country-by-Country Reporting (CbCR) is an international standard developed by the OECD. It requires
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Norway plans tourist accommodation tax
Norway’s government has proposed introducing a new tourism tax on 10 April 2025. The proposed tourism tax is designed to equip municipalities with a reliable funding mechanism to support tourism-related public services and infrastructure. The
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EFTA (Iceland, Norway, Liechtenstein, Switzerland) and Ukraine sign FTA
The European Free Trade Association (EFTA) member states—Iceland, Liechtenstein, Norway, and Switzerland have signed a free trade agreement (FTA) with Ukraine on 8 April 2025. The agreement will contribute to Ukraine’s resilience, recovery
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Finland consults on ending power tax incentives for data centres and mines
Finland’s Ministry of Finance has launched a public consultation on a proposal on 10 April 2025 regarding abolishing the tax relief for electricity used by data centres and mines in Finland. The proposal seeks to support the government's
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Canada imposes 10% tax on foreign homebuyers in Toronto
The City of Toronto will introduce a 10% tax on residential property purchases by foreign buyers, including individuals and corporations, not residing in Canada, effective 1 January 2025. This newly introduced tax falls under the Municipal
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Norway consulting debt and interest deduction limits for financial firms abroad
Norway’s Ministry of Finance has initiated a public consultation on proposed changes to the Norwegian Tax Act. These amendments limit the deductibility of debt and interest expenses for financial institutions operating abroad. The proposed
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EU: VAT in the Digital Age (ViDA) Package goes into effect
The Council Directive (EU) 2025/516 for the EU's VAT in the Digital Age (ViDA) Package took effect on 14 April 2025, 20 days after its publication in the EU's Official Journal. The package introduces updates to the EU's VAT systems to align with
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European Commission provides clarity on suspension of trade countermeasures against the US
The European Commission has published a statement on 14 April 2025 providing details on the decision to suspend trade countermeasures against the United States. The pause was first announced by EU Commission President Ursula von der Leyen last
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Spain decrees new tax reporting rules for financial sector
Spain’s tax agency has published the Royal Decree 253/2025 in the Official State Gazette (BOE) on 1 April 2025. The Decree brings substantial reforms to tax reporting obligations within the financial sector. The changes update the RGAT
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Belgium releases draft domestic top-up tax return form
Belgium's Federal Public Service (SPF) Finance released an updated draft of the annual supplementary national tax return form on 10 April 2024. This supplementary national tax return form underwent public consultation in October 2024 and has
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Spain extends e-invoicing deadline, adds new exemption for third-party invoicing
Spain’s tax agency has published the Royal Decree 254/2025 in the Official State Gazette (BOE) on 2 April 2025. This Decree amends Royal Decree 1007/2023 of 5 December 2024, which sets the requirements for computer systems and programs used in
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UN urges US to exempt vulnerable nations from reciprocal tariffs
The UN Trade and Development (UNCTAD) has urged the US to exempt vulnerable developing economies from reciprocal tariffs on 14 April 2025. A recent report found that these tariffs would do little to reduce US trade deficits or generate
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Temu blocked in Uzbekistan: What this signals for global e-commerce players
Starting 20 March 2025, access to the Chinese online marketplace Temu has been officially blocked in Uzbekistan for failing to register locally and comply with new e-commerce regulations. This move, led by the National Agency for Perspective
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Switzerland schedules referendum for income tax treaties with Angola and Jordan
Switzerland has scheduled a referendum deadline of 10 July 2025 for its pending income tax treaties with Angola and Jordan. Earlier, Switzerland’s Parliament gave its final approval to the income tax treaty with Angola and Jordan on 21 March
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Ecuador: Tax Authority issues updated list of designated special taxpayers
Ecuador's Tax Authority (SRI) has published Resolution No. NAC-DGERCGC25-00000006, which introduces a list of ten companies classified as "special taxpayers." This designation involves stricter reporting requirements, enhanced audits, and the
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Denmark introduces bill for temporary green asset depreciation incentives
Denmark’s Ministry of Taxation has introduced Bill L 195 on 9 April 2025 to establish a temporary increase in the depreciation basis for certain new green assets, as part of the green investment window linked to the Agreement on Green Tax
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