Romania has made additional amendments to the Tax Code (Law no. 227/2015) reinstating the tax on special constructions, under Emergency Ordinance no. 156 of 30 December 2024. A new amendment is reintroducing a 1% tax on non-building constructions

Romania’s government has announced an extension of the value-added tax (VAT) exemption to include certain supplies provided to hospitals on 20 December 2024. Additionally, changes were made to the VAT regime for non-reusable primary packaging as

The European Commission (EC) announced the closure of the infringement procedure against Romania (INFR(2024)2048) on 12 February 2025 for failing to automatically exchange information under the 2021 amendment to the 2011 Directive on Administrative

Andorra’s General Council (parliament) approved  the ratification of the income and capital tax treaty with Romania on 23 January 2025. The treaty set withholding tax rates for dividends at 0% to 5%, interest at 3%, and royalties at 5%. The

Hong Kong’s Inland Revenue Department announced, on 28 January 2025, that starting from 3 February 2025 the new annual rate of interest payable on Tax Reserve Certificates will be 0.3417% against the current rate of 0.4250%, i.e. the new rate will

Kyrgyzstan's Ministry of Economy and Commerce announced that it has concluded negotiations for an income tax treaty with Hong Kong on 17 January 2025. The treaty aims to eliminate double taxation of income and prevent tax evasion between the two