Luxembourg adopts bill on cross-border company rules
Luxembourg’s Chamber of Deputies approved a draft bill on 4 February 2025 implementing the EU directive on cross-border conversions, mergers, and divisions. The bill introduces common procedures, strengthens protections for employees,
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Russia exempts CFC profits from IHC tax base until 2029
Russia’s Ministry of Finance has clarified that international holding companies are not required to include the profits of their controlled foreign companies (CFCs) in their corporate income tax base for tax periods ending before 1 January
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Greece: Finance Minister unveils draft law to strengthen capital market and attract investments
The Greece Minister of National Economy and Finance, Kostis Hatzidakis, presented the draft law for the Strengthening of the Capital Market, which was recently approved by the Cabinet. This announcement was made by Greece National Economy and
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India: CBDT releases details on Income Tax Bill 2025
India's Central Board of Direct Taxes (CBDT) has released details about the Income Tax Bill 2025 , which was presented in parliament on 13 February 2025. Earlier, the Indian Union Cabinet approved the Income Tax Bill 2025, which will supersede
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Vietnam: National Assembly approves extension of environmental protection tax cut on petrol, oil and lubricants
The Standing Committee of Vietnam's National Assembly approved an extension of the environmental protection tax reduction on gasoline, oil, and lubricants until 31 December 2025. The decision was made on 11 January 2025, through Resolution
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Australia: ATO publishes reportable tax position schedule for 2025
Companies are required to complete a reportable tax position schedule if their total business income is AUD 250 million or more, or AUD 25 million or more while part of an economic group with AUD 250 million or more in total income. This applies
See MoreGreece: PM unveils bill to boost capital market, regulate cryptocurrencies
Greece’s Prime Minister Kyriakos Mitsotakis announced a new bill to support the capital market and regulate the growing cryptocurrency sector on 10 January 2025. The proposed legislation focuses on encouraging companies to list on the stock
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Turkey extends deadline for debt restructuring in earthquake-affected regions
Turkey's Ministry of Treasury and Finance has extended the deadline for restructuring public debts under Law No. 7440 to 1 September 2025 for earthquake-affected regions. The first payment is due by 30 September 2025, with subsequent instalments
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South Africa: SARS updates urban development zone allowance guide for 2025
The South African Revenue Service (SARS) has issued an updated Guide to the Urban Development Zone (UDZ) allowance on 17 January 2025. This incentive, introduced in 2003, aims to drive investment in 16 UDZs across 15 inner cities by offering
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Taiwan: Ministry of Finance warns of penalties for underreporting income despite no tax due
Taiwan's Ministry of Finance has clarified that enterprises will be penalized for failing to report or underreporting income, even if no tax liability exists. This announcement was made by the Taiwan Ministry of Finance on 2 January
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Taiwan: MOF clarifies exit restrictions for tax debtors ahead of lunar new year
Taiwan's Ministry of Finance (MOF) has issued a notice on 21 December 2025 clarifying the requirements for the lifting of travel restriction on tax debtors, which include either paying the tax due along with a fine, or furnishing property
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Sweden proposes property tax increase on wind turbines from 2026
The Swedish Government has announced a proposal to raise the property tax on wind turbines. This announcement was made by the Swedish Government on 2 January 2025. The legislative amendment is proposed to take effect on 1 January
See MoreTurkey releases guide on mandatory transaction documentation
Turkey has released a new guide outlining the requirement for taxpayers and non-taxpayers, including end consumers, to document collections and payments exceeding 30,000 TL. These transactions must be recorded through documents issued by banks,
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Ireland: Revenue updates guidance on digital games tax
Irish Revenue has released eBrief No. 015/25 on 21 January 2025, providing updated guidance on the Section 481A Digital Games Corporation Tax Credit. Tax and Duty Manual Part 15-02-07 - Section 481A Digital Games Corporation Tax Credit - has been
See MoreRussia clarifies tax implications of dividends paid in property
Russia's Ministry of Finance has issued guidance Letter No. 03-07-11/121626 on the corporate income tax and VAT implications of dividends distributed in the form of property. The letter confirms that transferring ownership of assets to
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Egypt: House of Representatives approves amendments to unified tax procedures law
The Egyptian House of Representatives approved a draft law to amend provisions of the Unified Tax Procedures Law (Law No. 206 of 2020) On 26 January 2024,. The amendments allow the Minister of Finance or their representative to negotiate
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Egypt launches tax reform to simplify compliance and support business growth
Egypt’s Ministry of Finance launched a tax reform initiative aimed at simplifying administrative procedures, expanding the taxpayer base, and creating a more supportive environment for businesses. The reforms were developed in collaboration with
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Sweden plans reforms to R&D and expert tax incentives
Sweden is set to revise its research and development (R&D) tax incentives and expert tax relief rules to simplify administration and expand access. A government report has proposed key changes, expected to take effect on 1 January 2026. For
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