Greece launches public consultation on capital market strengthening bill
The Greece Ministry of National Economy and Finance has opened a public consultation on a Bill titled "Strengthening the capital market" on Thursday, 27 February 2025 , which proposes new tax incentives aimed at supporting small and medium
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US: Chamber of Commerce urges US Trade Representative to boost digital trade leadership
The US Chamber of Commerce published a letter on 3 March 2025 urging US Trade Representative Jamieson Greer to prioritise digital trade rules and strengthen US leadership in global markets. This includes acting against foreign countries imposing
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US to impose reciprocal tariffs on India and other countries
The US will implement reciprocal tariffs on imports from countries imposing high tariffs on US goods, including India starting 2 April 2025. President Donald Trump announced this measure during a joint session of Congress, criticising India's 100%
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Brazil: Federal Revenue launches pilot program Receita Sintonia to encourage tax compliance
The Brazilian Federal Revenue Service (RFB) published Ordinance RFB No. 511/2025 on Monday, establishing the pilot phase of the Receita Sintonia Programme. The initiative aims to encourage companies to comply with tax and customs obligations by
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OECD releases new BEPS Action 14 MAP peer review results
The OECD releases the latest BEPS Action 14 Mutual Agreement Procedure (MAP) peer review results, highlighting continued progress in making dispute resolution more effective, under the BEPS package, pursuant to which jurisdictions have committed to
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Ireland introduces angel investor tax relief to boost start-ups
Irish Finance Minister Paschal Donohoe has announced the launch of Angel Investor Relief, a new tax incentive aimed at driving investment in Ireland’s innovative start-ups on 3 March 2025. The relief offers a reduced Capital Gains Tax (CGT) rate
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Poland: Finance Minister consults R&D tax relief changes under GloBE rules
Poland's Minister of Finance, Andrzej Domański, met with entrepreneurs and tax advisors to discuss proposals to adjust the research and development (R&D) tax relief to the GloBE system on 21 February 2025. This announcement was made by
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Canada: Nunavut presents 2025-26 budget, no income or corporate tax hikeÂ
Canadian province, Nunavut’s Finance Minister Lorne Kusugak delivered the province’s 2025-26 budget on 24 February 2025. The key aspect of the 2025-26 budget is it includes no increases to corporate or income taxes. However, the federal
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UK further amends Finance Bill 2024-25
The UK tax authority, HMRC, announced further amendments to the Finance Bill 2024-25 on 25 February 2025, alongside explanatory notes on the revised provisions. The amendments also include: Clause 37 introduces new sections for claiming
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Cyprus: Tax Reform Team announces tax reforms
The Cyprus Tax Reform Team presented its tax proposals to key stakeholders at the Presidential Palace on 26 February 2025. The proposals will soon be open for public consultation before being submitted to the Council of Ministers for approval and
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G20 Chair’s Summary released after finance ministers and central bank governors meeting in Cape Town on 26-27 February
The first G20 Finance Ministers and Central Bank Governors meeting (FMCBG) took place on 26-27 February 2025 in Cape Town under South Africa’s Presidency. There was not consensus for a communique, and this represents the Chair’s summary of
See MoreCanada: Alberta presents tax measures for 2025 budget
Alberta’s Finance Minister Nate Horner has presented the province’s budget for 2025 on 27 February 2025. Alberta is facing its first deficit since 2020-21, with no clear plan yet to return to a surplus. The province anticipates a CAD 5.2
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OECD publishes working paper on capital gains taxation, examining rationale and economic implications
The OECD published a working paper titled Taxing Capital Gains: Country Experiences and Challenges, which examines the taxation of capital gains across its member jurisdictions on 26 February 2025. The paper assesses the rationale for offering
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The European Commission proposes simplified rules for sustainability and investments
The European Commission has adopted a new package of proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity. This is a major step forward in creating a more favourable business environment to help EU
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Turkey Publishes tax guide on donations and aid
The Turkish Revenue Administration has issued a new  " Guide on Donations and Aids in Terms of Tax Legislation ", providing detailed guidance on the tax treatment of donations. It covers both in-kind and cash donations, the specific entities
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EU: ECOFIN releases provisional agenda for March 2025 meeting
The EU’s Economic and Financial Affairs Council (ECOFIN) has released the provisional agenda for its upcoming meeting, scheduled for 11 March 2025. As outlined in the provisional agenda, the initial portion of the meeting will focus on
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OECD: Secretary-General releases tax report to G20 finance leaders in South Africa
The Organisation for Economic Cooperation and Development (OECD) has published the Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (G20 South Africa, February 2025) on 27 February 2025. This report sets out recent
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New Zealand seeks feedback on taxation of charities and NFPs in consultation paper
The New Zealand Inland Revenue published a consultation paper regarding the taxation of charitable and not-for-profit (NFP) organizations on 24 February 2025. New Zealand provides tax concessions to charities and not-for-profits (NFPs) to
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