Sweden proposes temporary boost in ROT deduction subsidy for construction sector
Sweden's government has approved a proposal (2024/25:156)Â 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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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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Kenya reduces market rates for fringe benefit tax, non-resident loansÂ
The Kenya Revenue Authority released a public notice on 8 April 2025 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans. Effective for April, May, and June 2025, the
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Taiwan extends deadline for tax treaty benefit applications
Taiwan’s Ministry of Finance has announced an extension to the application deadline for claiming tax treaty (agreement) benefits on 10 April 2025. The Ministry of Finance promulgated the amendments to Article 34 of the "Regulations Governing
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Trade war escalades: China imposes 125% tariffs on US imports
Beijing announced it has increased its tariffs on US imports to 125% earlier today, 11 April 2025. "The US side's imposition of excessively high tariffs on China seriously violates international economic and trade rules, runs counter to basic
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Germany: Coalition government to lower corporate tax rate amongst other policy changes
Germany’s new coalition government, formed by the conservative alliance led by Friedrich Merz and the centre-left Social Democrats (SPD), announced a set of tax measures on 9 April 2025 as part of their policy agreement. The measures include a
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New Zealand opens consultation on GST reform for joint ventures
The Government has launched public consultation on proposals to reform the GST rules for joint ventures on 7 April 2025. The proposals in the discussion document are largely aimed at ensuring the GST rules are fit for purpose for joint venture
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Saudi Arabia: ZATCA urges taxpayers to benefit from fines cancellation initiative until June 2025
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties Initiative" which ends on 30 June 2025. This announcement was made by ZATCA on 6 April
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Ecuador extends 0% remittance tax on essential imports amid energy crisis
The Ecuadorian government issued Executive Decree No. 589 on 29 March 2025 to extend the 0% tax rate on foreign currency outflows (ISD) for essential imports. The measure continues the temporary relief first introduced for January to March 2025
See MoreTaiwan: Ministry of Finance outlines criteria for commission expense deductions
Taiwan's Ministry of Finance issued a notice stating that businesses must provide proof of agency services rendered in order to deduct commission expenses on 31 March 2025. National Taxation Bureau of the Central Area, Ministry of Finance
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Greece proposes tax, crypto and debt settlement reforms in new draft law
Greece's Ministry of Finance submitted a draft law to Parliament on 31 March 2025, proposing several tax and financial reforms. The bill includes provisions allowing carried-forward losses from corporate mergers, including credit institutions,
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Australia: ATO announces amendments to its top 500 program
The Australian Taxation Office (ATO) has announced updates to its Top 500 Private Groups Tax Performance Program, effective 1 April 2025. About the Top 500 private groups tax performance program The Top 500 private groups tax performance
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Greece proposes tax incentives to boost capital market and innovation in 2025
The Greek Ministry of Finance has proposed legislation offering tax incentives to bolster the capital market, featuring an increased deduction for listing costs of small and medium enterprises and an expanded angel investor tax relief for
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India enacts Finance Act 2025, offers support for targeted sectors of the economy
India's Central Board of Direct Taxes (CBDT) has released the Finance Act 2025 on 29 March 2025. The Act was officially enacted on 29 March 2025, following the President's assent, implementing the provisions outlined in the 2025–2026
See MoreNew Zealand seeks public feedback on proposed fringe benefit tax changes
The Inland Revenue of New Zealand is inviting public feedback on proposed changes to the Fringe Benefit Tax (FBT) rules, aiming to simplify compliance and reduce costs for taxpayers, Revenue Minister Simon Watts has announced. This announcement
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US: House of Representatives reintroduces Unfair Tax Prevention Act bill to block extraterritorial taxes
Representative Ron Estes (R-Kansas) reintroduced the Unfair Tax Prevention Act in the US House of Representatives on 27 March 2025. Rep. Ron Estes (R-Kansas), joined by every Ways and Means Republican, reintroduced the Unfair Tax Prevention Act
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Denmark extends digital bookkeeping to more businesses starting March 2025
Denmark introduced executive orders BEK no. 297 and BEK no. 303 on 20 March 2025, extending the digital bookkeeping obligation to more businesses. The new rules apply to: Sole proprietorships with an annual turnover over DKK 300,000 for
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Luxembourg unveils action plan to boost start-ups
The Luxembourg Minister of the Economy, SMEs, Energy and Tourism, Lex Delles, and the Minister of Finance, Gilles Roth, jointly presented an action plan entitled "10 Action Points for Start-ups". This announcement was made by the Government
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