Cyprus, Vietnam sign income tax treaty
Cyprus and Vietnam signed an income tax treaty on 15 September 2025. The Agreement aims to strengthen and further develop trade and economic relations between the two countries, ensuring fair treatment while preventing opportunities for tax
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Ireland: Tax authority clarifies VAT deductibility for insurance, reinsurance
Ireland’s tax authority has issued updated rules on VAT deductibility for insurance and reinsurance activities. The guidance, published in the Tax and Duty Manual, defines life insurance, non-life insurance, and reinsurance, and confirms that
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Denmark: Parliament approves DAC9 implementation, enables central Top-up tax filing
Denmark's Parliament passed Bill L 23 on 27 November 2025, introducing measures to implement Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). The updated rules allow the automatic exchange of Top-up tax information returns under Directive
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Poland: MoF implements rules for national electronic invoicing system
Poland’s Ministry of Finance announced four implementing regulations governing the use of the National e-Invoicing System (Krajowy System e-Faktur – KSeF) on 16 December 2025. 1. Cases Exempt from Structured Invoices The regulation of 7
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Italy: Revenue Agency sets single deadline for VAT advance payments
Italy’s Revenue Agency, with approval from the Ministry of Economy and Finance and the Bank of Italy, has established a single deadline for intermediaries to transfer VAT advance payments to the Treasury on 16 December 2025. Banks, post
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European Commission publishes report on tax gaps
The European Commission published its Mind the Gap Report on 11 December 2025, which offers a detailed evaluation of tax gaps across the EU and its 27 Member States. Tax gaps can emerge due to taxpayer non-compliance, such as tax evasion and
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Estonia: MoF rejects OECD Pillar 2 minimum tax amendments
Estonia did not approve the proposed amendments to the minimum tax rules presented under the OECD silent procedure on the Pillar 2 Side-by-Side System Package. The country is seeking a solution acceptable to all parties. This announcement was
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Greece extends deadline for second-category ship tax declarations
Greece’s Independent Authority for Public Revenue (AADE), in a press release on 16 December 2025, announced that the deadline for submitting second-category ship tax declarations under Law 27/1975 for the 2024 tax year has been extended to 25
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Italy introduces fiscal measures for third sector, amateur sports, VAT, business crisis procedures, digital platforms
Italy’s Revenue Agency announced that it has published Legislative Decree No. 186 of 4 December 2025 in the Official Gazette on 15 December 2025. This decree introduces a coordinated package of fiscal measures affecting the third sector, amateur
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Portugal: Parliament publishes 2026 state budget law, expands scope of reduced VAT rate
Portugal’s parliament has published the final text of the 2026 State Budget Law on 12 December 2025, after it was approved by the parliament on 27 November 2025. The final version of the budget law largely mirrors the initial proposals;
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Estonia, Latvia, Lithuania, Malta, Slovakia ask EU to review minimum tax directive
Estonia, along with Latvia, Lithuania, Malta, and Slovakia, submitted a joint statement to EU finance ministers on Friday, 13 December 2025, calling for fairer taxation of international companies and a reduction in administrative burdens. Finance
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Belgium: Parliament endorses tax reform targeting investment company share gains
Belgium’s Chamber of Deputies passed legislation on 11 December 2025 to implement key elements of the government’s tax reform plan outlined in April 2025 targeting investment company share gains. The main measures include: Introducing a
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Austria: National Council approves tax treaty amendment with Kuwait
Austria’s National Council (Nationalrat) approved the amending protocol to the tax treaty with Kuwait on 10 December 2025. It will take effect on the first day of the third month after the ratification instruments are exchanged and will apply
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Finland updates BEPS MLI stance on Brazil tax treaty, including corrections
Finland submitted an updated consolidated position for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI), as noted by the OECD on 11 December 2025. This update includes two specific corrections regarding
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Denmark: Economic Council prioritises emission taxes
Denmark’s Economic Council Chairmanship released its 2025 environmental economic report on 9 December 2025, highlighting that taxes on greenhouse gas emissions are a more cost-effective and precise tool for promoting the green transition than
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Austria: Parliament approves DAC8 implementation bill
The Austrian Parliament National Council (Nationalrat) passed the draft legislation to implement the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226) on 10 December 2025. The bill now awaits final approval
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European Commission urges Luxembourg to end preferential taxation on public investment dividends
The European Commission issued a formal notice to Luxembourg on 11 December 2025, urging the country to end discriminatory tax treatment on dividends from public investments in its December 2025 infringements package. Taxation Letter of formal
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Italy, Libya income tax treaty enters into force
The Italy–Libya income tax treaty of 2009 entered into force on 10 December 2025, following the exchange of ratification instruments, as confirmed by a memorandum of understanding signed in Tripoli on the same day. Signed on 10 June 2009, this
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