Denmark adopts DAC8 crypto-asset reporting rules
Denmark enacted Act No. 409 of 29 April 2025, aligning with EU Directive 2023/2226 (DAC8) to introduce new reporting and due diligence requirements for crypto-asset service providers. Denmark has published Act No. 409 of 29 April 2025 in the
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EU: Council adopts VAT and tax recovery stance in UK trade deal
The Decision replaces Annex I to Decision 4/2023, which outlines standard forms for sharing information and data, exchanging information by using the Common Communication Network, and arranging contact between central liaison offices and liaison
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OECD publishes new transfer pricing profiles for Azerbaijan and Pakistan, updates 11 others
The OECD has published updated transfer pricing country profiles for 11 jurisdictions. RegFollower Desk The Organisation for Economic Co-operation and Development (OECD) has released new transfer pricing country profiles for Azerbaijan and
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Finland updates CRS participating jurisdictions list
The Finnish Tax Administration has published an updated list of participating jurisdictions for exchanging financial account information under the Common Reporting Standard (CRS) on 15 May 2025. The Common Reporting Standard (CRS), developed in
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Italy updates reportable and participating jurisdictions under CRS
Italy’s Ministry of Economy and Finance has issued a decree updating the list of jurisdictions considered reportable and participating under the Common Reporting Standard (CRS). The updated list, released in the Official Journal on 6 May 2025,
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Austria updates CRS reporting jurisdictions list
Austria has released an updated Ordinance, effective from 1 May 2025, with new lists of participating and reportable jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard (CRS), adding Armenia,
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EU publishes DAC9 directive for top-up tax information return
The EU has published the Council Directive (EU) 2025/872 of 14 April 2025 amending Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC9) in the Official Journal of the European Union on 6 May 2025. The directive
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Ukraine: Government approves draft law on international exchange of information for income earned via digital platforms
The Ukrainian government approved a draft law introducing new rules for reporting and exchanging information on income earned through digital platforms on 29 April 2025. The proposed measures align with the OECD Model Rules and the EU’s DAC7
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Malta updates financial account information exchange guidelines
Malta’s Commissioner for Tax and Customs has released an updated version (4.7) of the guidelines on the Automatic Exchange of Financial Account Information (DAC2), published on 21 April 2025. The revisions include a new definition of
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UAE joins crypto-asset reporting framework for tax data exchange
The UAE's Cabinet of Ministers approved the country's participation in the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF) on 14 April 2025. This agreement facilitates the automatic exchange of tax
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OECD updates signatories list for MCAA-CbC as of April 2025
The Organisation for Economic Cooperation and Development (OECD) released an updated list of signatories, along with their signing dates, for the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports
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Cape Verde joins OECD agreement on exchange of CbC reports
Cape Verde has signed the OECD Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 9 April 2025. Under BEPS Action 13, all large multinational enterprises (MNEs) are required to prepare a
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Botswana signs OECD agreement on CbC reporting exchange
Botswana signed the OECD’s Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 9 April 2025. Country-by-Country Reporting (CbCR) is an international standard developed by the OECD. It requires
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US: Trump overturns digital asset reporting regulations
US President Donald Trump signed into law H.J.Res.25 (Congressional Review Act Disapproval Resolution on Cryptocurrency Broker Reporting from the IRS) on 10 April 2025, a joint resolution of disapproval aimed at overturning the final regulations
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EU: Council adopts DAC9 to support Pillar Two filings
The Council of the EU announced on 14 April 2025 the formal adoption of changes to the Directive on administrative cooperation in taxation (Directive 2011/16/EU) to simplify filing obligations under the Pillar 2 Directive (DAC9). The directive
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European Commission adopts updated regulation to enforce DAC7
The European Commission (EC) has adopted Implementing Regulation 2025/648 of 2 April 2025, introducing changes to Implementing Regulation 2015/2378, as regards the standard forms and computerised formats to be used for the mandatory automatic
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Norway: Parliament approves new reporting rules for digital platforms
Norway’s parliament has approved the government proposal to introduce new reporting requirements for digital platforms on 4 April 2025. These proposals align with the OECD Model Rules for Reporting by Platform Operators and the Multilateral
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Panama updates CRS participating jurisdictions list
Panama published Resolution No. 201-3013 of 26 March 2025 in the Official Gazette on 1 April 2025 updating the list of participating jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard
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