Colombia: Tax Authority clarifies tax losses and exempt dividends under CHC regime
Colombia's tax authority issued Official Tax Opinion No. 100208192-69 on 17 January 2025, providing clarification on the treatment of tax losses and corporate income tax-exempt dividends under the Colombian holding company (CHC) regime. An
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Russia clarifies tax implications of dividends paid in property
Russia's Ministry of Finance has issued guidance Letter No. 03-07-11/121626 on the corporate income tax and VAT implications of dividends distributed in the form of property. The letter confirms that transferring ownership of assets to
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Egypt: House of Representatives approves amendments to unified tax procedures law
The Egyptian House of Representatives approved a draft law to amend provisions of the Unified Tax Procedures Law (Law No. 206 of 2020) On 26 January 2024,. The amendments allow the Minister of Finance or their representative to negotiate
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Egypt launches tax reform to simplify compliance and support business growth
Egypt’s Ministry of Finance launched a tax reform initiative aimed at simplifying administrative procedures, expanding the taxpayer base, and creating a more supportive environment for businesses. The reforms were developed in collaboration with
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Sweden plans reforms to R&D and expert tax incentives
Sweden is set to revise its research and development (R&D) tax incentives and expert tax relief rules to simplify administration and expand access. A government report has proposed key changes, expected to take effect on 1 January 2026. For
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Vietnam, Togo start talks on double taxation agreement
Vietnam and Togo have agreed to negotiate an income tax treaty as part of efforts to deepen economic and diplomatic ties, following talks between Deputy Prime Minister and Foreign Minister Bui Thanh Son and Togolese Foreign Minister Prof. Robert
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Germany updates tax haven defense ordinance, removes five jurisdictions
Germany published the Third Ordinance amending the Tax Haven Defense Ordinance in the Official Gazette on 30 December 2024. The amendments reflect the EU Economic and Financial Affairs Council's 2024 decisions to remove Antigua and Barbuda, the
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UAE, Russia hold final round of negotiations for DTA
The United Arab Emirates (UAE), represented by the Ministry of Finance, has successfully concluded the final round of negotiations for the Double Taxation Avoidance Agreement (DTA) on income and capital with the Russian Federation. This
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Japan, Zambia sign investment agreement
The “Agreement between Japan and the Republic of Zambia for the Promotion and Protection of Investment” (Japan-Zambia Investment Agreement) was signed in Tokyo by H.E. Mr. TAKEUCHI Kazuyuki, Ambassador Extraordinary and Plenipotentiary of Japan
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Ireland: Revenue updates CFC rules in eBrief 023/25
The Irish Revenue released eBrief 023/25 on 24 January 2025, which includes updates to the tax and duty manual on Controlled Foreign Company (CFC) rules, in light of the changes introduced by the Finance Act 2024. Tax and Duty Manual - Part
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Luxembourg Parliament ratifies tax treaty protocol with Moldova
The Luxembourg parliament passed the law to ratify the protocol to the 2007 income and capital tax treaty with Moldova, with the Council of State voting to forgo the mandatory second constitutional vote on 4 February 2025. Earlier, Luxembourg’s
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Saudi Arabia, Serbia initiate first income tax treaty
Saudi Arabia and Serbia finalized negotiations by initiating an income tax treaty on 8 February 2024. A tax treaty is a bilateral agreement between two countries aimed at addressing double taxation on both passive and active income for their
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Ireland: Revenue updates guidance on Residential Zoned Land Tax
Irish Revenue has released eBrief No. 031/25 on 4 February 2025, providing updated guidance on the Residential Zoned Land Tax (RZLT). The Residential Zoned Land Tax (“RZLT”) was introduced by section 80 of the Finance Act 2021 and is
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Mauritania, Saudi Arabia income and capital tax treaty enters into force
The income and capital tax treaty between Mauritania and Saudi Arabia entered into force on 1 January 2025. A tax treaty is a bilateral agreement between two countries to address issues related to the double taxation of both passive and active
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UK: HMRC late payment interest rates to be revised after Bank of England lowers base rate
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has announced a reduction in interest rates for late payments and repayments following the Bank of England's base rate cut on 6 February 2025. The base rate was lowered from 4.75%
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UAE: MoF launches public consultation on e-Invoicing data dictionary
The UAE Ministry of Finance (MoF) has launched a public consultation on the data dictionary for electronic invoicing (e-invoicing). The consultation period will remain open until 27 February 2025. It is a structured form of invoice data that
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France approves 2025 Finance Law with new tax measures
The French Senate approved the Finance Law for 2025 on 6 February 2025, following approval by the National Assembly on 5 February. With both chambers' approval, the law is adopted, pending constitutional review. The law includes the indexation of
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Netherlands clarifies tax impact of asset transfers in fiscal unity liquidation
The Netherlands Ministry of Finance has issued Notification No. 2024-0000030104 on 5 February 2025, addressing the tax implications of asset transfers during the liquidation of a company within a fiscal unity. Under the Article 15ai of the
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