UAE issues Ministerial Decision No. 84 of 2025 on audited financial statements for corporate tax
The UAE Ministry of Finance has issued Ministerial Decision No. 84 of 2025 on 25 March 2025 replacing Ministerial Decision No. 82 of 2023, outlining the requirements for taxpayers to prepare and maintain audited financial statements for corporate
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Saudi Arabia: ZATCA approves new real estate transaction tax regulations
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has approved the executive regulations for the Real Estate Transaction Tax (RETT), published in the official gazette on 9 April 2025. The regulations will take effect on 10 April 2025,
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Germany and Netherlands sign protocol to amend tax treaty
The Netherlands and Germany signed a protocol amending their 2012 tax treaty on 14 April 2025. This announcement was made by The Central Government of Netherlands on the same day. The protocol introduces a provision for cross-border workers,
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Japan: Lower House approves tax treaty with Ukraine
Japan’s House of Representatives has approved the new income tax treaty with Ukraine on 10 April 2025. The new treaty updates tax rules on business profits and investment income, introduces measures to prevent treaty abuse, strengthens tax
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Japan lower house approves tax treaty with Turkmenistan
Japan's lower house of parliament ( House of Representatives) approved the new income tax treaty with Turkmenistan on 10 April 2025. Earlier, the Japanese Cabinet approved a new income tax treaty with Turkmenistan on 25 January 2025. Japan
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UAE joins crypto-asset reporting framework for tax data exchange
The UAE's Cabinet of Ministers approved the country's participation in the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF) on 14 April 2025. This agreement facilitates the automatic exchange of tax
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US: IRS urges taxpayers to file late returns quickly to minimise penalties
The US IRS has issued a statement urging taxpayers who missed the filing deadline to file their tax returns promptly in order to reduce interest and penalties on 16 April 2025. The IRS encourages taxpayers who missed the filing deadline to
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UAE adopts OECD Commentary and Agreed Administrative Guidance top-up tax for QDMTT for MNEs
The UAE Ministry of Finance has published “Ministerial Decision No. 88 of 2025 on the Commentary and Agreed Administrative Guidance for the Purposes of Cabinet Decision No. 142 of 2024 on the Imposition of Top-Up Tax On Multinational
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Sweden: Tax Agency proposes national e-invoicing rules
The Swedish Tax Agency has announced that it prevented incorrect VAT payments amounting to SEK 534 million in 2024 as part of its ongoing measures to combat VAT fraud. This announcement was made by the Swedish Tax Agency on 14 April 2025. The
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Ireland: Revenue issues guidance on general anti-avoidance rule and protective notifications
Irish Revenue has published eBrief No. 085/25 on 16 April 2025, introducing a new Tax and Duty Manual Part 33-02-03, which offers guidance on the general anti-avoidance rule and the use of protective notifications. This manual provides guidance
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France: Tax Authority issues guidance on new capital reduction tax for share buybacks
The French Tax Authority issued guidance on the declaration and payment procedures for the new tax on capital reductions involving share buybacks by certain companies on 11 April 2025. The tax must be reported and paid alongside the taxpayer’s
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Greece enacts crypto tax, debt settlement reforms
The Greece's Ministry of Finance enacted Law (A 56/2025) introducing various tax and financial measures on 11 April 2025. These include rules on carried-forward losses in mergers, taxation of crypto assets, out-of-court debt settlement procedures,
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Bangladesh and Singapore aim to finalise FTA by 2026
Bangladesh and Singapore have agreed to finalise a Free Trade Agreement (FTA) by 2026. The decision was made during the Fourth Foreign Office Consultations (FOC) held in Singapore on Monday, 14 April 2025. During the meeting, both sides discussed
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Albania: Council of Ministers approves draft tax treaty with Lithuania
Albania's Council of Ministers approved the signing of a draft income tax treaty with Lithuania on 9 April 2025. This announcement was made by The Albanian Telegraphic Agency (ATA) on the same day. The deal aims to prevent tax evasion through
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Sweden proposes temporary boost in ROT deduction subsidy for construction sector
Sweden's government has approved a proposal (2024/25:156) on 10 April 2025 to temporarily raise the ROT deduction subsidy rate for the construction sector from 30% to 50%. The ROT deduction, introduced in 2008, provides tax breaks for home
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Switzerland updates MCAA-CbC participation list, adds Antigua and Barbuda, Serbia
The Swiss Official Gazette published Decision No. RO 2025 243 on 11 April 2025 which updates the list of countries participating in the Multilateral Competent Authority Agreement (MCAA) for the exchange of country-by-country reports (CbCR). The
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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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