Estonia ratifies income tax treaty with Qatar
Estonia ratified a tax treaty with Qatar, the Act was published in the Official Gazette on 18 September 2024. It will take effect once the ratification instruments are exchanged and will apply from 1 January of the year after it comes into
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Germany: Tax revenue grows 5.3% in August
Germany's federal and state governments' tax revenue rose 5.3% in August when compared to the same month last year, said the finance ministry on Friday, 20 September 2024. According to the ministry's monthly report, tax revenue collected by
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Malta updates income tax deduction rules for capital expenditure on intellectual property
The government of Malta has issued a legal notice revising the local rule on deductions for capital expenditure related to intellectual property or intellectual property rights for income tax purposes on 13 September 2024. The provisions of these
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Malta expands VAT exemption for healthcare
The government has released a legal notice 228 of 2024 designating services by dental technicians, psychotherapy and counselling professions as medical professions for VAT exemption purposes under the Value Added Tax Act (Amendment of Fifth
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Greece announces initiatives to boost startup investments and mergers
The Greek government has announced changes to its Golden Visa programme in an attempt to boost the startup ecosystem and provide new investment opportunities. A residence permit (similar to the Golden Visa) will be awarded to non-resident
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European Commission to end anti-subsidy measures on woven, glass fibre fabrics imports from China, Egypt
The European Commission (EC) issued the Notice of the impending expiry of certain anti-subsidy measures in the Official Journal of the European Union (OJEU) on 17 September 2024 concerning the woven and stitched glass fibre fabrics imports from
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Sweden presents Budget Bill 2025
The Swedish government presented its 2025 Budget Bill on 19 September 2024. This year, the government aims to shift its economic policy focus from fighting inflation to investing in long-term growth and security for a more prosperous and safer
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Bulgaria consults proposed tax amendments to align with EU laws, enhance VAT administration
The Bulgarian Ministry of Finance released proposals for amendments to the various tax legislations for public consultation on 18 September 2024. The proposed changes aim to align with European Union (EU) laws and enhance the administration of VAT
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Greece ratifies tax treaty with Japan
The Greek parliament approved the ratification of the income tax treaty with Japan on 18 September 2024. Signed on 1 November 2023, it is the first of its kind between the two nations. It will enter into force 30 days after the exchange of
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Kenya consults proposed tax treaty with Switzerland
Kenya's National Treasury has initiated a public consultation regarding the proposed income tax treaty with Switzerland, a public notice inviting comments was published on 11 September 2024. The tax treaty is aimed to prevent double taxation with
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Romania suspends tax treaty with Belarus
Romania’s government approved a memorandum on 18 September 2024 suspending the 1997 income and capital tax treaty with Belarus. This decision comes in response to Belarus's suspension of specific articles of its tax treaties with 27 countries,
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Latvia considers temporary solidarity tax on credit institutions
Latvia's Ministry of Finance announced that it is developing a proposal for a temporary solidarity contribution from credit institutions to support national security on 18 September 2024. Solidarity contributions are planned to apply from 2025 to
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Italy: Council of Ministers approve draft of consolidated tax payment code
Italy’s Council of Ministers preliminary approved a legislative decree on 17 September 2024, introducing a consolidated text for the code governing tax payments and collections. The text contains current provisions from different regulatory
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Slovak Republic approves draft bill with tax measures
The Slovak Republic government approved a draft legislation on 18 September 2024 amending various tax measures to consolidate the country's public finances. Taxation of high-income groups: The main changes include increased special levies for
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Greece abolishes stamp duty, introduces digital transaction tax
The Greek government has enacted a new law that removes stamp duty and introduces a digital transaction tax on 16 September 2024. This fee will apply to Greek residents and permanent establishments for various transactions, such as loans,
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Belgium postpones VAT declaration, payment reforms
Belgium announced several amendments to the Belgian VAT Code, which were introduced by the Law of 12 March 2024. The amendments were initially set to take effect on 1 January 2024, but have been postponed to 1 January 2025. The changes in the VAT
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Poland issues goodwill depreciation guidelines
Poland’s Ministry of Finance issued a guidance, on 12 September 2024, clarifying that goodwill acquired through non-monetary means – such as acquiring a business by extinguishing a loan – cannot be depreciated for corporate income tax purposes
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Italy issues decree on public CbC reporting
Italy issued Legislative Decree No. 128 of 4 September 2024 in the Official Gazette, implementing Public Country-by-Country Reporting (PCbCR), on 12 September 2024. Earlier, Italy’s Council of Ministers passed the draft decree on 10 June
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