South Korea has published Law No. 20612 in the Official Gazette on 31 December 2024, amending the International Tax Adjustment Act, which includes several adjustments to the Global Minimum Tax provisions. The law introduces measures aligned with

Luxembourg has published a Grand-Ducal Regulation in the Official Gazette on 23 December 2024, outlining the application of tax credits under the Law of 22 December 2023. This law ensures minimum effective taxation for multinational and large

Luxembourg's Tax Administration announced the rate multipliers for property tax and municipal business tax for the 2025 financial year. The Grand Ducal Decree confirms that Luxembourg City remains one of the most competitive municipalities,

Luxembourg has enacted a law implementing a VAT scheme for small businesses. VAT obligation exemption threshold has been increased to EUR 50,000 starting 1 January 2025, with a 10% tolerance, allowing businesses to benefit from the scheme up to EUR

Luxembourg has enacted the bill amending the law that implements the Minimum Taxation Directive (2022/2523) on 23 December 2024, known as the Minimum Taxation Law of 22 December 2023 (MTL), incorporating guidance and clarifications from the OECD’s

The Korea-Philippine Free Trade Agreement (FTA) entered into force on 31 December 2024, as announced by the Korean Embassy in Manila on Monday, 30 December 2024. Under the Free Trade Agreement (FTA), South Korea will eliminate tariffs on 94.8% of