Belgium revises 2025 advance income tax payment rules
Belgium's SPF Finance has updated its guidance on Advance Income Tax Payments for Companies. The quarterly advance payment deadlines for the 2025 tax year (2026 assessment year) are: For the first quarter: no later than 10 April 2025; For
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Romania brings amendments to construction tax
Romania introduced and enacted Government Emergency Ordinance no. 21/2025 (GEO 21/2025) on 4 April 2025, which amends the construction tax (pillar tax). The provisions of the ordinance take effect upon publication and will be applicable beginning
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South Africa: Parliament approves 2025 budget with controversial VAT hike
South Africa’s parliament approved the 2025 budget which was presented by Finance Minister Enoch Godongwana on Wednesday, 2 April 2025, despite strong opposition to a controversial increase in value-added tax (VAT). To address government
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Poland updates law to include new Pillar Two administrative guidelines
Poland's Ministry of Finance is working to finalise a draft legislation to amend the Equalization Tax Act for International and Domestic Groups, implementing the Pillar Two global minimum tax under EU Directive 2022/2523 of 14 December 2022. This
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EU Commission unveils 2024 state aid scoreboard
The European Commission has published the 2024 State aid Scoreboard on 8 April 2025 providing a comprehensive overview of State aid expenditure in the EU in 2023. Notably, tax-related State aid emerged as the second most utilized instrument,
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US: Trump pauses tariffs for 90 days for all countries, hits China harder with 125%
US President Donald Trump announced a three-month suspension of all “reciprocal” tariffs that took effect on 9 April 2025, excluding those applied to China. The sweeping tariffs will remain for China, the world’s second largest economy and
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India: CBDT signs record number of advance pricing agreements in FY 2024-25
The Indian Central Board of Direct Taxes (CBDT) announced that India has entered into a record 174 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2024-25. These include Unilateral APAs (UAPAs), Bilateral APAs (BAPAs) and Multilateral
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Angola set to launch e-invoicing
Angola’s Government announced plans to implement e-invoicing through Presidential Decree No. 71/25, published on 20 March 2025. The Decree sets the Legal Framework for Tax Invoices for resident taxpayers in Angola. It replaces the previous
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Saudi Arabia: ZATCA urges taxpayers to benefit from fines cancellation initiative until June 2025
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties Initiative" which ends on 30 June 2025. This announcement was made by ZATCA on 6 April
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Ireland: Revenue revises VAT repayment offset rules following debt warehousing conclusion
Irish Revenue has published eBrief No. 080/25 on 7 April 2025 announcing an update to the VAT Repayment Offset section of the Tax and Duty Manual, reflecting the conclusion of the debt warehousing scheme. Tax and Duty Manual VAT Repayment Offset
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Ecuador extends 0% remittance tax on essential imports amid energy crisis
The Ecuadorian government issued Executive Decree No. 589 on 29 March 2025 to extend the 0% tax rate on foreign currency outflows (ISD) for essential imports. The measure continues the temporary relief first introduced for January to March 2025
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Algeria clarifies flat-rate tax regime measures under 2025 Finance Law
Algeria’s National Tax Administration (NTA) announced new measures on 31 March 2025 affecting the Unique Flat-Rate Tax (IFU) regime under the 2025 Finance Law. These amendments will enhance tax compliance while streamlining the IFU regime. The
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Kazakhstan expands VAT exemption list for vehicles, machinery, and components from April 2025
Kazakhstan's Ministry of Industry and Construction has expanded the list of vehicles, agricultural machinery, and related components exempt from VAT. The update, effective from 11 April 2025, adds 21 new categories, including items such as
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Taiwan: Ministry of Finance outlines criteria for commission expense deductions
Taiwan's Ministry of Finance issued a notice stating that businesses must provide proof of agency services rendered in order to deduct commission expenses on 31 March 2025. National Taxation Bureau of the Central Area, Ministry of Finance
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Chile updates fair market value of assets subject to luxury tax
Chile's tax administration Internal Revenue Service (SII) has published Resolution No. 39 in the Official Gazette on 27 March 2025, introducing updated asset lists along with their fair market values for the implementation of the luxury
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Italy approves tax credit forms for simplified logistics zone investments
Italy’s tax authorities have approved the forms that qualifying enterprises must submit to claim the tax credit for investments in simplified logistics zones (ZLS) under Law Decree No. 202/2024. The regulations are detailed in Protocol No.
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US: IRS updates guidance on branch-level interest tax
The US Internal Revenue Service (IRS) has released an updated practice unit on Branch-Level Interest Tax Concepts. Below is a general overview of the key points covered in this publication: Note: This Practice Unit was updated to remove
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Italy approves VAT reporting model form for small businesses
Italy's tax authorities have approved the quarterly form for qualifying taxable persons in Italy using the special VAT scheme for small enterprises in other EU Member States. The tax authorities outlined the guidelines in Protocol No.
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