Denmark: Parliament approves temporary electricity tax relief
Denmark’s Parliament (Folketinget) passed Bill L 24 on 16 December 2025, reducing the general electricity tax to the European Union minimum rate for 2026 and 2027. The move follows the government’s 2026 Finance Bill and aims to provide Danes
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Poland: Council of Ministers passes DAC8, DAC9
Poland’s Ministry of Finance announced, on 17 December 2025, that the Council of Ministers approved a draft bill to implement Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8) and Council Directive (EU) 2025/872 of 14 April 2025
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Netherlands: Senate approves 2026 Tax Plan package
The Netherlands Senate approved the legislative proposals contained in the 2026 Tax Plan package on 16 December 2025. The measures will enter into force once they receive royal assent and are published in the Official Gazette. The Ministry of
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Netherlands: Tax Authority publishes guidance on pillar two for low-taxed intra-group transfers
The Netherlands Tax Administration has issued a guidance 15 December 2025 on calculating the amount of income inclusion top-up tax also known as the income inclusion rule (IIR), in the event of an internal transfer of a low-tax group entity between
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Australia: ATO updates guidance on Pillar 2 interactions with consolidation
The Australian Taxation Office (ATO) released new guidance on 17 December 2025 clarifying how Pillar 2 global minimum tax rules interact with tax consolidation for multinational enterprise (MNE) groups operating in Australia. Australian tax
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Montenegro: Government adopts multiple draft laws, approves BEPS MLI ratification
The Government of Montenegro adopted a series of draft laws, amendments, and international agreements on 11 December 2025 during a telephone session held without a formal meeting. The Government’s Public Relations Service made the announcement
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Denmark: Parliament approves DAC9 implementation, enables central Top-up tax filing
Denmark's Parliament passed Bill L 23 on 27 November 2025, introducing measures to implement Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). The updated rules allow the automatic exchange of Top-up tax information returns under Directive
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Taiwan: MoF outlines tax incentives for smart machinery, 5G, cybersecurity, ai, green investments
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance has issued guidance on claiming tax credits for investments in smart machinery, 5G systems, cybersecurity, and artificial intelligence solutions, as well as energy-saving and
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Estonia: MoF rejects OECD Pillar 2 minimum tax amendments
Estonia did not approve the proposed amendments to the minimum tax rules presented under the OECD silent procedure on the Pillar 2 Side-by-Side System Package. The country is seeking a solution acceptable to all parties. This announcement was
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Zambia: ZRA opens voluntary disclosure programme to taxpayers
The Zambia Revenue Authority (ZRA) has issued a Public Notice to inform taxpayers about the availability of the Voluntary Disclosure Programme (VDP) on 12 December 2025, offering relief from penalties and interest on amounts voluntarily
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Greece extends deadline for second-category ship tax declarations
Greece’s Independent Authority for Public Revenue (AADE), in a press release on 16 December 2025, announced that the deadline for submitting second-category ship tax declarations under Law 27/1975 for the 2024 tax year has been extended to 25
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Portugal: Parliament publishes 2026 state budget law, expands scope of reduced VAT rate
Portugal’s parliament has published the final text of the 2026 State Budget Law on 12 December 2025, after it was approved by the parliament on 27 November 2025. The final version of the budget law largely mirrors the initial proposals;
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Estonia, Latvia, Lithuania, Malta, Slovakia ask EU to review minimum tax directive
Estonia, along with Latvia, Lithuania, Malta, and Slovakia, submitted a joint statement to EU finance ministers on Friday, 13 December 2025, calling for fairer taxation of international companies and a reduction in administrative burdens. Finance
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Belgium: Parliament endorses tax reform targeting investment company share gains
Belgium’s Chamber of Deputies passed legislation on 11 December 2025 to implement key elements of the government’s tax reform plan outlined in April 2025 targeting investment company share gains. The main measures include: Introducing a
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Malaysia: IRBM revises guidelines for reporting accounting period changes
The Inland Revenue Board of Malaysia published Public Ruling No. 4/2025 on 28 November 2025, which explains the requirements to notify the Director General of Inland Revenue (DGIR) on any change of accounting period by a company, limited liability
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Tunisia gazettes 2026 Finance Law, includes presumptive tax regime for small businesses
Tunisia has published the Finance Law for 2026 (Law No. 2025-17) in the Official Gazette on 12 December 2025, setting out a wide-ranging package of tax and fiscal measures aimed at strengthening public finances while supporting targeted sectors of
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Netherlands: Tax Administration clarifies correction of pre-Pillar 2 tax charges under minimum tax Act 2024
The Dutch Tax Administration has confirmed that corporate income tax expenses or benefits relating to pre-Pillar Two financial years must be corrected when calculating adjusted covered taxes under the Minimum Tax Act 2024 (Wet minimumbelasting 2024;
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Turkey: Revenue Administration finalises Pillar 2 Global Minimum tax rules
The Turkish Revenue Administration finalised the implementation rules for the Pillar 2 Global Minimum Tax (GMT) and submitted the General Communiqué to the Presidency for signature and publication. This announcement was made on 12 December
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