Finland's Ministry of Finance has initiated public consultation on two proposed tax reforms on 27 March 2025. Interest exemption for infrastructure projects The Business Tax Act limits the ability to deduct interest for tax purposes, which

Finland’s tax administration has released two guidance documents on the Minimum Tax Act, approved in late 2023 to implement the Pillar 2 global minimum tax under Council Directive (EU) 2022/2523. The first guidance was released on 10 March

Finland's Ministry of Finance has announced that it will not move forward with the planned increase in the VAT rate on chocolates and candies from 14% to 25.5% on 1 June 2025. In addition, the Ministry is preparing a legislative amendment to

The Sultan of Oman issued a Royal Decree No. (23/2025) announcing the ratification of the income tax treaty with Cyprus on 3 March 2025. The agreement was signed on behalf of the Government of Oman by Nasser Khamis Al Jashmi, Chairman of the Tax

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

Kyrgyzstan's Cabinet of Ministers has approved an income tax treaty with Cyprus on 28 January 2025 following negotiations that concluded in April 2024. The treaty aims to eliminate double taxation on income while preventing tax evasion and