Poland approves draft legislation to simplify VAT obligations for small businesses
Poland's Ministry of Finance announced that it has approved a draft bill aimed at simplifying and modifying VAT regulations for small businesses on 10 September 2024. The legislation aims to simplify administrative obligations by introducing the
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Lithuania: President approves law to end tax treaty with Russia
Lithuania’s President, Gitanas Nausėda, approved a draft law for terminating the 1999 tax treaty with Russia, which was submitted to the parliament for consideration on Monday, 16 September 2024. According to the treaty's stipulations, a
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Finland consults tax credits for major industrial investments in net-zero transition
Finland's Ministry of Finance has initiated a public consultation regarding a tax credit aimed at large industrial investments that facilitate the transition to a net-zero (climate-neutral) economy. The government decided on the preparation of the
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Italy approves income tax treaty with Libya
Italy’s Senate ratified the pending income tax treaty with Libya on 11 September 2024. Signed on 10 June 2009, this agreement is the first between the two nations, and aims to promote economic cooperation and avoid double taxation between the
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Netherlands reveals 2025 budget and tax plan
Netherlands’ State Secretary for Tax Affairs and the Tax Administration, Folkert Idsinga, presented the 2025 Budget including the 2025 Tax Plan to the House of Representatives on Tuesday, 17 September 2024. The package contains a range of
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Portugal approves draft law for Pillar Two global minimum tax
Portugal's Council of Ministers approved Draft Law 21/XVI/1 for implementing the Pillar Two global minimum tax, in line with Council Directive (EU) 2022/2523 of 14 December 2022 on 11 September 2024. The draft law introduces the Pillar Two income
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Germany, Latvia: Amending protocol to tax treaty enters into force
The updated protocol to the Germany-Latvia income and capital tax treaty came into effect on 23 June 2024, as reported by the Latvian online legal information database. The protocol, signed in Riga on 29 September 2022, will apply from 1 January
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Bulgaria: Cabinet approves intent to sign STTR MLI
Bulgaria’s Council of Ministers approved a letter of intent to join the Multilateral Convention for Implementing the Pillar Two Subject to Tax Rule (STTR MLI) on 11 September 2024. The signing ceremony for the STTR MLI is set to take place on
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Ireland: Tax appeals commission allows withholding tax deduction on dividends before 2019 Finance Act amendment
The Irish Tax Appeals Commission published a determination regarding the deduction of withholding tax on received foreign dividends on 10 September 2024. The particular issue that falls to be determined was whether foreign withholding taxes,
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Italy reapproves tax treaty with China
The Italian Senate reapproved the law to ratify the pending tax treaty with China on 11 September 2024. First approved in 2020, this law required reapproval after a new government came into power in 2022. The income tax treaty between Italy and
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Netherlands consults revised VAT bill for immovable property services
The Netherlands’ Ministry of Finance released an updated draft bill for public consultation, on 6 September 2024, regarding changes to the value-added tax (VAT) on services related to immovable property. This includes properties such as buildings
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Spain implements new rules for VAT self-assessment corrections
The Spanish Boletín Oficial del Estado (BOE) published Order HAC/819/2024, dated 30 July, which introduces necessary changes to VAT form 303 for implementing self-assessment corrections in VAT on 5 August 2024. Order HAC/819/2024, of 30 July,
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Estonia ratifies income tax treaty with Qatar
The Estonian parliament approved the ratification of the pending income tax treaty with Qatar on 11 September 2024. The treaty was Signed by HE Ali bin Ahmed Al Kuwari, Qatari Minister of Finance, and HE Tiit Riisalo, the Estonian Minister of
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Italy approves revised taxpayer reliability indices for 2023 tax period
Italy’s Ministry of Economy and Finance approved the revised synthetic indexes of taxpayer reliability (Indici Sintetici di Affidabilità fiscale, ISA) for specific business sectors for the 2023 tax period; issued a decree on 29 April 2024,
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Slovak Republic, Moldova sign protocol to tax treaty
Moldovan and Slovak Republic officials convened in Bratislava to sign a protocol amending the current treaty between the two countries regarding income and property taxation. The announcement was made by The Slovak Ministry of Finance on 10
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France clarifies suspension, termination of tax treaty with Niger
The French General Directorate of Public Finance has published guidance on the termination of the 1995 tax treaty with Niger. According to the guidance, the treaty no longer applies to income acquired on or after June 5 June 2024. The treaty
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Andorra, Slovenia negotiates tax treaty
Representatives from Andorra and Slovenia convened to outline a roadmap for bilateral cooperation, which includes negotiating an income tax treaty. The announcement was made by Andorran government officials on 9 September 2024. A tax treaty is a
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Italy approves model form for special economic zone investment tax credit
Italy’s tax authorities approved the Protocol No. 350036/2024 on 9 September 2024, introducing a model form for the supplementary communication that eligible taxpayers must submit to obtain the tax credit for investments made in the single
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