Spain considers legislation to improve access to housing
This legislation urges the government to advance initiatives addressing housing challenges, ensure legal certainty, mobilise vacant homes, make housing more affordable, expand public housing, and increase social and affordable rental
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Iran ratifies income tax treaty with Finland
Iran’s President signed the law ratifying the income tax treaty on 24 May 2025. Iran’s President Masoud Pezeshkian has signed the law to ratify the income tax treaty with Finland on 24 May 2025. Signed on 7 February 2022, this is the
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Denmark updates VAT deduction timing, effective from July 2025
Businesses may claim VAT deductions up to six months after the supplier’s invoice date, within the VAT return currently due. This removes the requirement to adjust deductions back to the VAT return covering the invoice date. Denmark’s
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Denmark: Supreme Court rules arm’s length pricing need not align with interquartile range
The case examined EET Group's taxable income from 2010 to 2012, focusing on revenue from goods sold to seven sales subsidiaries. Denmark’s Supreme Court issued a ruling on the arm's length pricing of transactions between the Danish EET Group
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Ireland: Revenue updates guidelines on interest charges for late tax payments
Irish Revenue has updated its guidelines on interest for late tax payments, now covering Capital Acquisitions Tax. The eBrief clarifies interest rules, removes mentions of Fixed Direct Debit and Balloon payments, and updates due dates for
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Sweden proposes DAC8 implementation bill for 2026
Sweden has proposed a bill to implement the EU's DAC8 directive on tax cooperation, introducing new rules for the automatic exchange of information on crypto-assets and securities. The regulations will take effect on 1 January 2026. The Swedish
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EU Commission unveils strategy to streamline single market
The European Commission released a communication on 21 May 2025 outlining a strategy to strengthen and simplify the EU Single Market. The document emphasises the Single Market as a cornerstone of the EU's growth, competitiveness, and resilience,
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EU: European Parliament endorses revisions to EU carbon border mechanism
The European Parliament has approved changes to the EU's carbon border adjustment mechanism (CBAM), simplifying the rules and exempting 90% of importers. The European Parliament approved changes to the EU's carbon border adjustment mechanism
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Malta: MoF extends VAT exemptions for passenger transport services
MOF extended VAT exemptions under new rules issued in Legal Notice 88 of 2025. Malta's Minister for Finance (MoF)Â issued Legal Notice 88 of 2025 on 13 May 2025, amending the "Value Added Tax Act (Amendment of Fifth Schedule) Regulations, 2025"
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US: Trump revives trade tensions with new tariff threats on EU, Apple
Trump announced that he plans to impose a 50% tariff on EU goods, on top of the existing 20%, starting 1 June 2025. He also plans a 25% tax on imported iPhones that US consumers purchase. US President Donald Trump threatened, on Friday 23 May
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EU:Â European Council adopts UN convention on transparency for dispute settlement
The decision will increase public access to documents and hearings and include civil society in investor-state disputes under investment treaties. The Council of the European Union adopted a decision on the conclusion of the United Nations
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Congo, France to begin negotiations for income tax treaty
The Democratic Republic Congo and France are set to hold their first round of negotiations in Paris in early 2025. The Democratic Republic of Congo and France have agreed to begin negotiations for their first income tax treaty, according to a
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EU: Council adopts VAT and tax recovery stance in UK trade deal
The Decision replaces Annex I to Decision 4/2023, which outlines standard forms for sharing information and data, exchanging information by using the Common Communication Network, and arranging contact between central liaison offices and liaison
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Netherlands: Tax Administration clarifies domestic withholding exemption may apply to outbound dividends despite treaty ineligibility
The Tax Administration has clarified its position on whether dividends can qualify for a withholding tax exemption under Article 4(2) of the Dividend Withholding Tax Act if they don’t qualify for treaty benefits. The Dutch Tax Administration
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Poland: MoF lowers late payment interest ratesÂ
Ministry of Finance updated interest rates for tax arrears and late payments on 16 May 2025. Poland’s Ministry of Finance released the updated interest rates for tax arrears and late payments on 16 May 2025. The standard rate will decrease
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Italy: Council of Ministers approve amending protocols on frontier workers under tax treaty with Switzerland
 Italy approved a draft law on 19 May 2025 to ratify amendments to agreements from 2024, modified by the 1978 and 2015 protocols. Italy’s Council of Ministers has approved a draft law on 19 May 2025, which ratifies the amending protocol
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Ethiopia, Hungary conclude second round of tax treaty negotiations
Representatives from Ethiopia and Hungary met in Addis Ababa for a second round of negotiations for a DTA. Ethiopia and Hungary have concluded a second round of negotiations for the avoidance of double taxation in Addis Ababa, following
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France consults VAT treatment of art, antiques
France has launched a public consultation on new VAT rules for art, antiques and collectibles ahead of a reduced 5.5% rate which is set to take effect on 1 January 2025. France’s tax authorities have launched a public consultation on new VAT
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