Australia: Northern Territory presents tax measures for 2025 budget

15 May, 2025

Australia’s Northern Territory (NT) newly elected Country Liberal Party has presented its 2025-26 budget for the province on 13 May 2025. Chief Minister Lia Finocchiaro and Treasurer Bill Yan have emphasised key priorities in the budget, including tackling crime and bolstering funding for

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Argentina postpones tax hike on liquid fuel, carbon dioxide

15 May, 2025

Argentina’s government has postponed the scheduled tax increases on liquid fuels and carbon dioxide through Decree 296/2025, which was published in the Official Gazette on 30 April 2025. This decree delays the hiked tax rates until 1 June

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Estonia considers raising personal and corporate income tax rates, scrapping temporary security tax

14 May, 2025

The Estonian government presented a draft bill ( 25-0475 ) to the parliament proposing permanent tax increases to replace the temporary 2% security tax on 9 May 2025. The draft bill, which amends relevant Acts, removes the planned 2% security tax

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Italy: Council of Ministers approves draft decree on local taxes and fiscal federalism

15 May, 2025

Italy’s Council of Ministers has approved a draft Legislative Decree on 9 May 2025, introducing measures on local taxes and regional fiscal federalism as part of a tax reform. The Decree introduces greater fiscal autonomy for territorial

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Brazil delists UAE and Austrian holding regime from low-tax jurisdiction and privileged tax regime

15 May, 2025

Brazil’s Federal Revenue Service (RFB) has published the Normative Instruction No. 2,265/2025 in the Official Gazette on 13 May 2025, in which it removed the UAE from the list of low-tax jurisdictions and the Austrian holding company regime (for

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Czech Republic and Oman initiate tax treaty negotiations

15 May, 2025

The Czech Republic and Oman are set to begin a fresh round of negotiations for a new tax treaty, scheduled to take place in Prague from 19 -22 May 2025. The treaty was initially agreed upon in principle on 5 December 2012, following a second

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Czech Republic and Tanzania sign income tax treaty 

15 May, 2025

The Czech Republic Ministry of Finance announced the signing of an income tax treaty with Tanzania on 14 May 2025. This is the first treaty between the two countries and aims to eliminate double taxation concerning taxes on income and prevent tax

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Australia: Victoria proposes extension of off-the-plan stamp duty concession

15 May, 2025

Australia’s Victorian government announced on 14 May 2025 that it will extend its stamp duty concession for eligible “off-the-plan” homes for another 12 months. The Victorian Budget 2025-26 will invest AUD 61 million to slash stamp duty for

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EU council approves draft directive holding foreign traders and platforms liable for import VAT

15 May, 2025

The EU Economic and Financial Affairs Council (ECOFIN) agreed on a draft directive on 13 May 2025, introducing new VAT rules for distance sales of imported goods and import VAT. The new rules seek to improve the VAT collection on imported goods

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