Ireland named amongst top 10 tax havens globally
According to the Tax Justice Network's latest ranking report published on 1 October 2024, Ireland has surpassed the Bahamas to become the ninth-largest tax haven in the world. A spokesperson for Ireland's Department of Finance has denied that the
See More
Romania, Andorra sign income tax treaty
Romania and Andorra signed an income tax treaty on 27 September 2024. This treaty, the first between the two nations, aims to prevent double taxation. It will take effect once the ratification instruments are exchanged. Andorra has established
See More
Poland: Lower parliament evaluates draft law to enact Pillar Two global minimum tax
Poland's Sejm (lower house of parliament) is currently reviewing a draft law, submitted on 25 September 2024, to implement the Pillar Two global minimum tax in accordance with Council Directive (EU) 2022/2523 from 14 December 2022. The draft law
See More
Ireland announces 2025 budget, EUR 10.5 billion in tax cuts
Ireland's Department of Finance published the Budget 2025 on yesterday, 1 October 2024. The Irish government's latest budget mentions EUR 10.5 billion in tax cuts and spending increases. Additionally, the budget outlines how the government plans
See MoreIreland consults tax treatment of interest
Ireland's Department of Finance has announced the initiation of a public consultation regarding the tax treatment of interest on Friday, 27 September 2024. Irish tax legislation includes a number of provisions allowing for the deductibility of an
See More
Cyprus sets deadline for ultimate beneficial owners information
The Department of Registrar of Companies and Intellectual Property (DRCIP) of Cyprus has declared that all companies and partnerships registered under the Companies Law, including European Public Limited Liability Companies, should log into the UBO
See More
Germany seeks to extend deadline for transfer pricing documentation reporting, reduce bureaucratic burden on taxpayers
Germanyโs government has proposed to extend the deadline for taxpayers to submit detailed transfer pricing documentation, and to revise the guidelines for how companies compile information for audits. Germany's first chamber approved a bill
See MoreIreland publishes responses on second feedback statement for introduction of participation exemption for foreign dividends
The Irish Government published the responses collected from the second feedback statement regarding the implementation of a participation exemption regime for foreign dividends on 25 September 2024. It includes potential draft proposals for the
See More
Lithuania moves towards full implementation of Pillar Two global minimum tax
Seimas, the Lithuanian parliament is reviewing a draft law to fully implement the Pillar Two global minimum tax, in line with Council Directive (EU) 2022/2523 of 14 December 2022. According to the draft, the law for full implementation is set to
See More
Botswana, Estonia sign income tax treaty
Officials ofย Botswana and Estonia have signed an income tax treatyย on 25 September 2024. Earlier, Estoniaโs government approved signing a draft income tax treaty with Botswana on 4 July, 2024. The tax treaty seeks to eliminate double
See More
Luxembourg approves income, capital tax treaty with Montenegro
Luxembourg's Council of State approved the draft law for the ratification of the income and capital tax treaty with Montenegro on 24 September 2024. The treaty, signed on 29 January 2024 in Luxembourg, establishes tax rates for dividends,
See More
Poland to implement Crypto-Asset Reporting Framework (CARF)
Poland's Ministry of Finance in a release announced that Poland will enact the Crypto-Asset Reporting Framework (CARF) on 24 September 2024. โโThe Crypto-Asset Reporting Framework (CARF) is a standard for reporting and exchange of tax
See More
Greece releases solidarity contribution details for energy, mining sectors
The Greek Public Revenue Authority (AADE) hasย published an outline of the form and content of the temporary solidarity contribution declaration on 18 September 2024. Greece introducedย temporary solidarity contribution targeting companies in the
See More
Poland passes bill easing VAT rules for small businesses
Polandโs government passed a bill to streamline and simplify VAT obligations, particularly for small businesses in the European Union. Earlier, Polandโs Ministry of Finance approved a draft bill on 10 September 2024 to simplify and modify VAT
See More
Lithuania: Social Democratic Party proposes higher corporate income tax, luxury asset tax
Lithuaniaโs Social Democratic Party Vilija Blinkeviฤiลซtฤ, announced her party's tax reform plans in anticipation of the upcoming election on 24 September 2024. She stated that if her party comes to power after the forthcoming parliamentary
See More
Switzerland ratifies tax treaty protocol with Serbia
The Swiss National Council (lower house of parliament) approved the ratification of the protocol to the 2005 tax treaty with Serbia on Wednesday, 25 September 2024. The DTA was concluded at a time when Serbia and Montenegro still formed a single
See More
Cyprus publishes FAQs on new transfer pricing rules
The tax authority has published additional frequently asked questions (FAQs) numbered 25 โ 43 to provide clarity on specific provisions of the new transfer pricing rules in Cyprus. Notably, FAQ 25 clarifies that taxpayers do not need to
See More
Botswana extends filing deadlines for annual withholding, individual income tax returns
The Botswana Unified Revenue Service (BURS) issued a public notice, announcing extensions for key tax filing deadlines on 24 September 2024. The submission deadline for annual withholding tax returns, including PAYE and other withholding taxes, has
See More