France advances CRS declaration deadline
France has shifted the annual Common Reporting Standard (CRS) declaration deadline for financial institutions from 31 July to 15 July. The change, introduced by Decree No. 2025-149, was published in the Official Journal on 19 February 2025. The
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Kyrgyzstan approves tax treaty with Cyprus
Kyrgyzstan's Cabinet of Ministers has approved an income tax treaty with Cyprus on 28 January 2025 following negotiations that concluded in April 2024. The treaty aims to eliminate double taxation on income while preventing tax evasion and
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Israel proposes withholding tax on digital asset transactions
Israel’s government proposed draft regulations on 21 November 2024 to impose withholding tax on digital asset transactions, including cryptocurrencies, tokens, and non-fungible tokens (NFTs). A recent ministerial memorandum clarified that
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Czech Republic passes bill exempting crypto asset income from tax
The Czech Republic has gazetted a legislation on 14 February 2025 which exempts specific cryptocurrency transactions from individual income tax. The bill was previously approved by parliament and is set to take effect on 15 February
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Bahrain ratifies investment protection agreement with Hong Kong
Bahrain has ratified the Bahrain-Hong Kong Investment Protection Agreement (2024) through Law No. 6/2025 on 13 February 2025. The ratification was published in Official Gazette No. 3795 on the same date. The agreement aims to bolster mutual
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Brazil releases guidance on extended tax benefits for industrialised goods
Brazil’s Federal Revenue Service has issued guidance on extended tax benefits for the tax on industrialised/manufactured products (IPI) on 25 November 2024. The extension is applicable to companies investing in R&D in the north, northeast,
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Andorra ratifies tax treaty with Latvia
Andorra has announced in a notice in the Official Gazette that it has ratified the income and capital tax treaty with Latvia on 18 February 2025. The agreement between the two nations aims to eliminate double taxation with respect to taxes on
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Australia: ATO issues guidance on critical minerals and hydrogen tax incentives
The Australian Taxation Office (ATO) has released a guidance on how to claim the Critical Minerals Production Tax Incentive and the Hydrogen Production Tax Incentive on 21 February 2025. Critical Minerals Production Tax Incentive How to claim
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EU: Commission releases Q&A on US tariff policy
The European Commission (EC) released the questions and answers on the US reciprocal tariff policy in response to a memorandum from the Trump administration on 18 February 2024. These Q&As introduce the "Fair and Reciprocal Plan" to reduce the
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OECD releases consolidated report on Amount B
The Organisation for Economic Cooperation and Development (OECD) has published a comprehensive report on Amount B on 24 February 2025. As part of the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy
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Lithuania: Government approves VAT Law amendments to align with EU Directive
The Lithuanian government approved amendments to the VAT Law to incorporate provisions of EU Directive 2022/542. Lithuanian Prime Minister Gintautas Paluckas made this announcement on 12 February 2025. Earlier, the Ministry of Finance has made
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Belgium: Court rules no unfair discrimination between cash and in-kind contributions in withholding tax on small company dividends
Belgium’s Constitutional Court has published Decision No. 4/2025 on 16 January 2025, responding to a preliminary question submitted by the Court of First Instance in Liège. The ruling clarifies when small companies can apply the reduced
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EU: Commission announces Samancta website relocation
The European Commission has released an update regarding the Sampling Manual for Customs and Tax Authorities (Samancta). The manual has been relocated to a new website, preserving its content and structure for a seamless user experience. While
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EU: Commission imposes definitive anti-dumping duty on China biodiesel imports
The European Commission (EC) has announced Commission Implementing Regulation 2025/261 in the Official Journal of the European Union (OJEU). This regulation imposes a definitive anti-dumping duty on biodiesel imports from China into the European
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Philippines, Cambodia sign new tax treaty
The Philippines Department of Finance in a release on 13 February 2025, announced that the Philippines and Cambodia have signed a double taxation agreement (DTA) to boost business confidence, increase trade, and spur economic growth between the two
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Czech Republic, Iraq finalise income tax treaty
Iraq’s new agency announced in a release that officials from the Czech Republic and Iraq met on 13 February 2025 to discuss bilateral cooperation, including plans to finalise an income tax treaty. The tax treaty aims to eliminate double
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Brazil: Chamber of Deputies approves tax treaty with Poland
Brazil’s Chamber of Deputies has approved the 2022 Brazil-Poland Income Tax Treaty through Draft Legislative Decree No. 261/2024 on 13 February 2025. The treaty, signed on 20 September 2022, is the first of its kind between the two nations. Its
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Czech Republic, Gabon begin new tax treaty talks
The Czech Republic and Gabon officials resumed negotiations for an income tax treaty on 18 February 2025. The first round of the new tax treaty negotiations are expected to continue until 21 February 2025. The income treaty aims to prevent
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