Ireland releases second consultation feedback on participation exemption for foreign dividends
Ireland's Department of Finance has released a second feedback statement for consultation on implementing a participation exemption for foreign-sourced dividends on 27 August 2024. Minister Chambers publishes second feedback statement on
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Poland: No new property taxes on solar farms and installations
Poland’s Ministry of Finance clarified in a notice on 21 August 2024 that it has no plans to introduce new real estate taxes on photovoltaic farms and installations. The proposed amendments to the Act on Local Taxes and Fees seek to maintain
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Czech Republic proposes amendment to top-up tax for implementing global minimum tax directive
Czech Republic’s Ministry of Finance released a draft amendment to introduce a top-up tax, aligning with the EU directive on global minimum tax that took effect on 31 December 2023. The amendment to the top-up tax act seeks to clarify specific
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Romania proposes RO E-VAT compliance notice
Romania’s tax authority published a draft bill on 20 August 2024 regarding the layout and content of the RO e-VAT compliance notice. Romania’s government published a draft bill on 27 June 2024, detailing revisions to the layout and content of
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European Commission launches anti-dumping probe on Chinese steel track shoe imports
The European Commission is set to launch an anti-dumping investigation into steel track shoe imports from China. The Notice of initiation of an anti-dumping proceeding concerning imports of steel track shoes originating in the People's Republic of
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Ireland updates tax manual on employer-provided vehicles
Irish Revenue updated the tax and duty manual on employer-provided vehicles detailing the tax implications when an employer provides a vehicle for an employee's private use. The notice was published in eBrief No. 219/24. The updates are as
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Denmark, Greenland sign amending protocol to tax treaty
Denmark and Greenland have signed an amending protocol to update the Denmark-Greenland Income Tax and Mutual Assistance Treaty (1979) on 19 August 2024. The announcement was made by the Danish Ministry of Taxation on 20 August 2024 The new
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Greece, Moldova to negotiate tax treaty amendment
Moldova has authorised the negotiation of an amending protocol to the 2004 income and property tax treaty with Greece on Thursday, 22 August 2024. The authorisation – Decree No. 1591-IX of 16 August 2024 – was published in the Official
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Czech Republic approves tax treaty with Tanzania
The Czech government has authorised the signing of an income tax treaty with Tanzania on 21 August 2024. This income tax treaty aims to eliminate double taxation concerning taxes on income or concerning taxes on income and capital in force
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Poland: Council of Ministers propose corporate tax reforms
Poland’s Council of Ministers has presented a legislative agenda to amend the Individual Income Tax Law (IITL), Corporate Income Tax Law (CITL), and other tax measures. The proposed changes are intended to simplify tax regulations, remove
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Slovak Republic approves tax treaty amendment with Moldova
The Slovak Republic government approved signing an amendment to the 2003 tax treaty with Moldova on 21 August 2024. The tax treaty between the Slovak Republic and Moldova was intended to prevent double taxation and tax evasion in the field of
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Netherlands approves tax treaty protocol with Moldova
Netherlands’ Council of Ministers ratified the protocol amending the 2000 income tax treaty with Moldova. Signed on 4 September 2023, this is the first amendment to the tax treaty. This income tax treaty between the Netherlands and Moldova
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Italy: Country File of transfer pricing documentation must be submitted in Italian
The Italian Revenue Agency issued its response to Ruling No. 174 on 21 August 2024, clarifying that the Italian the Country File (National Documentation) must be prepared and submitted in Italian language upon request. The Country File (National
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Germany publishes draft law to amend global minimum tax
The German Ministry of Finance has released a discussion draft for a proposed amendment to the law implementing Council Directive (EU) 2022/2523 on establishing a global minimum level of taxation – lowering the low tax threshold for foreign
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Bulgaria adopts euro as national currency
Bulgaria published the law for the introduction of the euro in the Official Gazette, on 20 August 2024, paving the way for Bulgaria to shift away from using Lev, in line with EU regulations. The purpose of the law is to supplement and facilitate
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Germany: Tax revenue falls by 7.9% in July 2024
Germany’s Ministry of Finance revealed that the federal and regional governments’ tax revenues significantly dropped in July 2024, compared to July 2023. The findings were published in a report on Tuesday, 22 August. This decline was
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Slovak Republic proposes three-year property capital gains tax exemption
Slovak Republic’s parliament is considering a draft bill to amend the Income Tax Act concerning capital gains tax exemptions on the sale of immovable property for individuals. This proposed legislation aims to reduce the minimum holding period for
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Lithuania considers VAT rule amendment for small businesses
Lithuania’s parliament (Seimas) has introduced a draft law amending the VAT Law to alleviate the VAT compliance burden on many small businesses and provide a tax break for B2C services, allowing them to exclude VAT from their pricing. The
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