Tuesday, February 03, 2026
The Ministry of Finance announced an anti-dumping investigation into cold-rolled flat-rolled non-directional electromagnetic steel imported from Korea (Rep.) and mainland China on 15 December 2025. The Customs Administration of the Ministry of Finance stated that China Steel Corporation applied for the imposition of anti-dumping duties, provisional anti-dumping duties, and retroactive anti-dumping duties on imported cold-rolled...
Cyprus and Vietnam signed an income tax treaty on 15 September 2025. The Agreement aims to strengthen and further develop trade and economic relations between the two countries, ensuring fair treatment while preventing opportunities for tax evasion or avoidance. It establishes clear rules for the tax treatment of transactions between states, providing investors with certainty...
The Government of Montenegro adopted a series of draft laws, amendments, and international agreements on 11 December 2025 during a telephone session held without a formal meeting. The Government’s Public Relations Service made the announcement on 12 December 2025. Key measures include amendments to the Excise Duties Act, the Law on Contributions for Mandatory Social...
Ireland’s tax authority has issued updated rules on VAT deductibility for insurance and reinsurance activities. The guidance, published in the Tax and Duty Manual, defines life insurance, non-life insurance, and reinsurance, and confirms that supplies to EU policyholders remain VAT exempt. The purpose of this guidance is to outline the VAT deductibility rules that apply...
Brazil’s Chamber of Deputies has approved Complementary Bill 125/2022, which creates the Taxpayer Defence Code. This framework sets out the general rights, guarantees, and responsibilities of taxpayers, as well as the procedures governing their interactions with the tax administration. The latest legislative proposal outlines a fundamental restructuring of the relationship between the federal government and...
Britain will start regulating crypto assets from October 2027, the finance ministry announced on Monday, 15 December 2025. Legislation was set to be introduced in parliament later the same day, extending existing financial rules to crypto companies. This regulation aligns the UK with the US approach, diverging from the EU’s industry-specific rules. Finance minister Rachel...
Denmark’s Parliament passed Bill L 23 on 27 November 2025, introducing measures to implement Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). The updated rules allow the automatic exchange of Top-up tax information returns under Directive (EU) 2022/2523 (Pillar 2) and ultimate parent companies or their designated filing entities within an MNE group to...
Poland’s Ministry of Finance announced four implementing regulations governing the use of the National e-Invoicing System (Krajowy System e-Faktur – KSeF) on 16 December 2025. 1. Cases Exempt from Structured Invoices The regulation of 7 December 2025 (Journal of Laws, item 1740) clarifies that issuing structured invoices in KSeF is not required. Exemptions include toll...
Italy’s Revenue Agency, with approval from the Ministry of Economy and Finance and the Bank of Italy, has established a single deadline for intermediaries to transfer VAT advance payments to the Treasury on 16 December 2025. Banks, post offices, collection agents, and other payment institutions must transfer amounts collected on 22, 23, 24, and 29...
The European Commission published its Mind the Gap Report on 11 December 2025, which offers a detailed evaluation of tax gaps across the EU and its 27 Member States. Tax gaps can emerge due to taxpayer non-compliance, such as tax evasion and avoidance, or in relation to tax policy choices, such as tax reliefs or...