Greece proposes tax, crypto and debt settlement reforms in new draft law
Greece's Ministry of Finance submitted a draft law to Parliament on 31 March 2025, proposing several tax and financial reforms. The bill includes provisions allowing carried-forward losses from corporate mergers, including credit institutions,
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Ireland extends 9% VAT rate on gas and electricity to 31 October 2025
Ireland's Department of Finance announced a six-month extension of the 9% reduced VAT rate on gas and electricity, moving the end date from 30 April to 31 October 2025. This announcement was made by the Irish Department of Finance on 1 April
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Belgium extends deadline for 2025 VAT recovery submissions
Belgium’s tax authorities announced an extended deadline for submitting 2024 financial year data for taxpayers subject to VAT recovery restrictions on 4 April 2025. The deadline was extended to accommodate the summer holiday period. As such,
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Angola ratified tax treaty with Rwanda
Angola’s President, Joao Lourenco, has signed Ratification Letter No. 1/25 in the Official Gazette on 31 March 2025, approving the pending income tax treaty with Rwanda. Signed on 15 April 2022, it is the first treaty between the two countries
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Australia: ATO sets deadline for 2023-2024 financial year R&D tax incentive
The Australian Taxation Office (ATO) reminded companies on 3 April 2025 to register their R&D tax incentive activities with the Department of Industry, Science and Resources (DISR) by 30 April 2025 to claim the R&D tax offset for the
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Germany: Ministry of Finance clarifies application of CbC reporting for transparent partnerships
Germany’s Federal Ministry of Finance published a letter on 3 April 2025 addressing how Country-by-Country (CbC) reporting applies to tax-transparent partnerships, including their treatment under the Transitional CbCR Safe Harbour for Pillar
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US imposes 104% tariffs on Chinese imports, China retaliates with 84%
US President Donald Trump's "reciprocal" tariffs on numerous countries, including a steep 104% duties on Chinese goods, officially took effect today, 9 April 2025. In response, China is raising its tariff on the United States to 84%, up from 34%,
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Australia: ATO announces amendments to its top 500 program
The Australian Taxation Office (ATO) has announced updates to its Top 500 Private Groups Tax Performance Program, effective 1 April 2025. About the Top 500 private groups tax performance program The Top 500 private groups tax performance
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Slovak Republic: Parliament rejects reopening financial transaction tax debate
The Slovak Republic’s parliamentary speaker has rejected discussion of the draft bill proposing to abolish the financial transaction tax, citing its violation of the Procedure Act rules. Earlier, the parliament passed a second amendment to the
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US: Michigan, Texas offer state tax relief after disasters
In response to recent natural disasters that have heavily impacted communities, Michigan and Texas have announced tax filing and payment relief for individuals and businesses. Michigan: Relief for people and businesses hit by severe winter
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Nigeria lifts import duty, VAT on pharma raw materials
The Nigeria Customs Service in a press release on X on 26 March 2025 announced that a two-year exemption from import duty and VAT will apply to raw materials used in pharmaceutical production. This benefit is limited to pharmaceutical manufacturers
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Armenia President ratifies pending tax treaty with Hong Kong
Armenian President Vahagn Khachaturyan signed the law ratifying the income tax treaty with Hong Kong on 4 April 2025. This follows after Armenia’s parliament approved the ratification of an income tax treaty on 26 March 2025. Signed on 24
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UN: ECOSOC tackles cross-border digital taxation
The UN Economic and Social Council (ECOSOC) has discussed a potential UN framework to address cross-border service taxation, including withholding and digital services taxes, in a special tax meeting on 28 March 2025. The Special Meeting of the
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Hong Kong issues profits tax, property tax, and employer’s returns for 2024-25
The Hong Kong Inland Revenue Department (IRD) has issued profits tax, property tax and employer's returns for 2024-25 on 1 April 2025. The IRD issued about 230,000 profits tax returns, 120,000 property tax returns and 330,000 employer's returns
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Brazil updates rules on social contribution top-up tax for Pillar 2
Brazil has issued Normative Instruction RFB No. 2.259 of 24 March 2025, which amends the regulations for the Additional Social Contribution on Net Profit (CSLL) contained in Normative Instruction RFB No. 2,228 of 3 October 2024. The Additional
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Bulgaria reduces VAT registration threshold starting 1 April 2025
Bulgaria’s National Revenue Agency (NRA) issued guidance on 31 March 2025 regarding revisions to the VAT registration threshold, which will take effect on 1 April 2025. The threshold is reduced from BGN 166,000 to BGN 100,000 . From 1 April
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Thailand introduces tax incentives to attract skilled professionals back home
Thailand has introduced new tax incentives to encourage skilled Thai professionals working abroad to return. The measures, announced in Royal Decree No. 793 on 24 March 2025, took effect on 25 March 2025. Eligible individuals who return to work
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Portugal approves tax simplification Law to cut compliance costs
Portugal's government has approved Decree-Law no. 49/2025, introducing several tax simplification measures to boost economic competitiveness. These measures focus on reducing compliance costs, improving transparency, and refining tax justice
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