Finland: Government approves 2026–29 fiscal plan, introduces corporate tax cut and extended loss carryforward
Finland's Ministry of Finance has announced that the Government has approved the General Government Fiscal Plan for 2026–2029 on 23 April 2025. The decisions aim to strengthen the foundation for economic growth while prioritising the security of
See More
Ukraine extends Martial Law until August, delaying elections amid war
Ukraine’s parliament has extended martial law until August, delaying elections amidst the ongoing war with Russia. The President of Ukraine has extended martial law for 90 days, from 9 May to 6 August 2025, with the signing of Draft Law on 18
See More
UAE: FTA introduces EmaraTax application for family foundations to register as unincorporated partnerships
The Federal Tax Authority (FTA) introduced a new application via the "EmaraTax" digital tax services platform, enabling eligible Family Foundations to apply for status as an Unincorporated Partnership, provided the Family Foundation met specific
See More
Malta: Tax and Customs launches new large taxpayer office to streamline services
The Malta Tax and Customs Administration (MTCA) has announced the launch of a new Large Taxpayer Office (LTO), as part of its broader transformation strategy. This announcement was made by the Government of Malta on 9 April 2025. The LTO is
See More
Uganda proposes broad tax reforms effective July 2025
The Uganda Minister of Finance, Planning, and Economic Development presented the Tax Amendment Bills, 2025 on 27 March 2025, to Parliament for debate. If approved by Parliament and signed by the President of Uganda, the Bills will come into effect
See More
US: IRS, Treasury to scrap basis shifting transaction of interest rules
The US Department of the Treasury and Internal Revenue Service (IRS) issued Notice 2025-23 on 17 April 2025, announcing plans to propose removing the basis shifting transactions of interest regulations (T.D. 10028) originally issued on 14 January
See More
OECD: Tax incentives lead R&D support in most countries
The OECD has issued a statistical release on 22 April 2025, highlighting that tax incentives continue to outpace other forms of government support for R&D in most countries. The report states that close to 55% of total support for business
See More
US: White House denies targeting climate-focused non-profit organisations’ tax-exempt status
The White House confirmed on Tuesday, 22 April 2025, that there is no draft or consideration of any executive order targeting the tax-exempt status of climate-focused non-profit organisations. This development follows after speculations arose
See MoreMalta introduces new rules for easier EU information sharing
Malta issued Legal Notice 70 of 2025 on 8 April 2025 to transpose Directive (EU) 2023/977. These new regulations replace Council Framework Decision 2006/960/JHA and simplify the exchange of information between law enforcement authorities across EU
See More
European Commission opens consultation on EU capital markets barriers
The European Commission has launched a targeted consultation to identify key barriers, including tax issues, that hinder the integration of capital markets across the EU. The consultation is part of the European Commission's Savings and Investments
See More
Canada: PM Carney promises tax cuts in election bid
Canadian Prime Minister Mark Carney has pledged tax cuts, infrastructure spending, and defence investments during an election campaign platform on Saturday, 20 April 2025. Carney highlighted that his government is working towards policies to
See More
US: IRS to waive penalties for some micro-captive disclosures
The U.S. Internal Revenue Service (IRS) has released Notice 2025-24 on 11 April 2025, announcing that it will waive penalties for participants and material advisors of reportable micro-captive insurance transactions if disclosure statements are
See MoreUAE 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
See More
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
See More
UN Framework Convention on International Tax Cooperation releases Roadmap and Working Methods
The Intergovernmental Negotiating Committee on the UN Framework Convention on International Tax Cooperation has released a Roadmap and working methods on 4 April 2025 for developing the Framework Convention and two initial protocols. It outlines
See More
Canada: Prince Edward Island announces 2025-26 budget, includes corporate tax cuts
The Canadian province of Prince Edward Island presented the 2025-26 Operating Budget to the legislative assembly on 10 April 2025. The province’s 2025-26 budget includes CAD 294.6 million in new spending, bringing total expenditure to over CAD
See More
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
See More
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
See More