Spain publishes synthesized text of tax treaty with Armenia under BEPS MLI
Spain's Ministry of Finance has released the synthesized text of the tax treaty with Armenia providing clarifications regarding the impact of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
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Germany seeks feedback on draft global minimum tax return
The German Ministry of Finance published a consultation on draft global minimum tax return on 28 May, 2024. Companies impacted by the global minimum tax (Pillar Two) can now provide their feedback regarding the draft. Germany adopted the global
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Czech Republic: Senate passes investment companies and funds law amendment
The Czech Senate passed an amendment to the Act on Investment Companies and Investment Funds (ICIF) on 29 May, 2024. This legislation incorporates changes to parts of the consolidation package, as passed by the Chamber of Deputies. The
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Romania revises CRS guidance on OECD FAQs
To aid financial institutions in complying with their reporting requirements, The National Agency for Fiscal Administration (ANAF) has established a dedicated section on its portal for the automatic exchange of information on direct taxes. ANAF,
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Poland: Parliament approves postponement of e-invoicing mandate, digital platform reporting
Poland’s Parliament has passed an amendment to the Value Added Tax (VAT) Act and other related laws, delaying the mandatory implementation of the National e-Invoice System (KSeF) until 1 February, 2026. The bill will now be sent to the
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France ends tax treaties with Burkina Faso, Mali, Niger
The French National Assembly recently confirmed that tax treaties with Burkina Faso, Mali, and Niger have ceased to apply. The 1965 treaty with Burkina Faso ended in France on 8 November, 2023, aligning with its termination in Burkina
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Cyprus issues new clarifications on transfer pricing rules
The Cyprus Tax Department (CTD) announced further developments concerning the Cyprus transfer pricing (TP) rules on Monday, 27 May, 2024. These updates include detailed information on the filing process for the summary information table (SIT).
See MoreCzech Republic: Parliament passes pending tax treaty with Montenegro
The Czech Republic Senate announced on Wednesday, 29 May, 2024, that it has completed the ratification of the pending income tax treaty with Montenegro. First signed on 20 February, 2024, the income tax treaty will go into force starting 1
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Belgium announces deadline for first Pillar Two global minimum tax registration
Belgium's Federal Public Service (SPF) Finances, in a release, announced, on Wednesday, 29 May, 2024, the publication of the Royal Decree of 15 May 2024. It establishes new notification requirements for large multinational and domestic groups that
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Ireland updates guidance on relief from stamp duty and property transfers for associated companies
The Irish Revenue has released eBrief No. 142/24 on 21 May, 2024, which provides an updated guidance on the associated companies relief for stamp duty on conveyances and transfers of property between associated corporate bodies. Revenue eBrief
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Slovak Republic, Moldova to sign tax treaty amendment
Moldova has issued Decree No. 1457 of 23 May 2024 in the Official Gazette, authorising the signing of a protocol to amend the 2003 tax treaty with the Slovak Republic. This will be the first amendment to the treaty and must be signed and ratified
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Cambodia and France conduct second phase of tax treaty talks
Cambodian and French officials recently held a second round of negotiations for an income tax treaty from 23–25 April, 2024. If an agreement is finalised, signed, and ratified, it will be a first between the two
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Germany approves Act to facilitate MLI application
The German lower house of parliament (Bundestag) approved a new Act to facilitate the application of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 16 May, 2024. This Act
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Austria, Chile lowers withholding taxes following treaty update
Austria amended its 2012 tax treaty with Chile on 16 May, 2024. The amendments, effective 1 January 2017, will reduce withholding taxes on interest and royalty payments made between residents of both countries. This change follows the activation
See MoreSlovak Republic considers new depreciation option for tangible asset improvements
The Slovak Republic's parliament is reviewing a draft bill to promote investment in the modernisation and eco-friendliness of tangible assets, which introduces a new depreciation option for technical improvements to such assets. Under existing
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Hungary: VAT refund claim requirement for information and documents violates EU law
The Court of Justice of the European Union (CJEU) ruled that the Hungarian regulation regarding VAT refund claims for taxable individuals not established in the EU member state of the refund is not according to EU law. The rule, which requires
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Cyprus releases 2022 transfer pricing documentation form
The Cyprus Tax Department announced the release of the final version of the "Table of Summarised Information" (TSI) form for the 2022 tax year on 20 May, 2024. This new form introduces a transfer pricing reporting requirement for taxpayers
See MoreScholz and Macron call for urgent EU reforms to boost competitiveness
German Chancellor Olaf Scholz and French President Emmanuel Macron, in a joint Financial Times op-ed, urged the European Union to undertake reforms to enhance competitiveness and secure its way of life. They emphasised the need for decarbonising
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