Netherlands announces direct and indirect tax measures in coalition agreement
The four coalition parties (PVV, VVD, NSC and BBB) released their comprehensive agreement, along with a budgetary appendix outlining the main elements of the new coalition government's tax plans on 15 May, 2024. The agreement aims to emphasise on
See More
Germany proposes Annual Tax Act amendments
Germany's Ministry of Finance unveiled a draft proposal for the 2024 Annual Tax Act on 17 May, 2024. The 243-page document focuses on technical adjustments to comply with recent EU regulations, court decisions, and streamlining previous tax law
See More
Tax treaty negotiations successfully conclude between Croatia and Saudi Arabia
Representatives from Croatia and Saudi Arabia successfully concluded negotiations regarding an income tax treaty between the two nations on 15 May 2024. This agreement, a first of its kind, aims to prevent double taxation of income and
See More
Finland amends FATCA and CRS annual information returns for 2023
The Finnish Tax Administration issued a newsletter on 15 May, 2024, announcing that financial institutions can submit corrected FATCA and Common Reporting Standard (CRS) annual information returns for 2023. These amendments can be made by
See More
Montenegro-Romania social security agreement to be enforced from 1 June 2024
The bilateral social security agreement between Montenegro and Romania is slated to come into force on 1 June, 2024. Signed on 22 July, 2022, the agreement indicates a positive step towards enhancing social security cooperation between
See More
Malta implements new tax measures in 2024 budget
Malta’s Budget Measures Implementation Act, 2024, is ushering in a series of amendments to various fiscal laws, including the Income Tax Act, Income Tax Management Act, Duty on Documents and Transfers Act, and Value Added Tax (VAT) Act; signalling
See More
Norway proposes new method for calculating ground rent tax
Norway has updated its National Budget for 2024, which proposed that ground rent tax for land-based wind power plants owned by entities with participant determination, such as responsible companies and limited partnerships, be calculated using a
See More
Czech Republic: Potential changes to windfall tax on fuel
The Czech Statistical Office has revised the statistical classification of economic activities as per the CZ-NACE. This change may impact the range of entities subject to the "windfall tax" on fuel sales. Additionally, the General Financial
See More
Hungary updates tax treaty with Switzerland
Hungarian Prime Minister Viktor Orbán approved the signing of a protocol to amend the 2013 income and capital tax treaty with Switzerland on 9 May, 2024. This marks the first modification to the agreement and will require formal signing and
See More
France: Tax Authority updates interest deduction rates for shareholder loans
The French tax authority has updated the interest rates used to define the deductibility of interest payments made to shareholders. These updates are pertinent to companies with fiscal years ending between 31 December, 2023, and 29 June,
See More
Poland: Taxable VAT must equal shares’ issuance value for property contributions
The Court of Justice of the European Union (CJEU), on 8 May, 2024, ruled, under Article 73 of the EU Value Added Tax (VAT) directive, that the taxable amount for a property contribution from one company to the capital of a second company, in
See More
Czech Republic upholds advertising expense transfer prices and VAT deduction interest rate
The Supreme Administrative Court (SAC), regarding case 8 Afs 189/2020-127, ruled against the tax authority's claim that the taxpayer's rental payments to affiliated advertising agencies for advertising space at football stadiums and a golf course
See More
Czech Republic updates non-cooperative jurisdictions list for CFC rules
The Czech Republic Ministry of Finance issued the Financial Bulletin No. 3/2024, on 28 February, 2024, which contains an updated notice regarding the list of non-cooperative jurisdictions concerning the Czech Republic's Controlled Foreign Company
See MoreCzech Republic releases amendment draft for VAT Act 2025
The Czech Republic has published the draft amendment to the VAT Act 2025, which is now under consideration by the Chamber of Deputies. The key proposed changes include: Amend the regulations for calculating the tax base when employers offer
See More
Council of the EU agrees to adopt new withholding tax procedures
The Council of the European Union agreed to adopt new regulations for withholding tax procedures under the Council Directive on Faster and Safer Relief of Excess Withholding Taxes (FASTER) on Tuesday, 14 May 2024. Due to the changes the Council
See MoreFinland: Belarus’ suspension will have no impact on tax treaty
Finland's Ministry of Finance released Notification 48/2024 concerning the ongoing enforcement of the 2007 tax treaty with Belarus on Monday, 13 May, 2024. Belarus has ceased the application of Articles 10, 11, and 13 from 1 June, 2024, to 31
See More
Estonia aligns tax laws with EU directives
Estonia, on 2 May, 2024, unveiled a new Act in their official gazette. The Act supplements existing tax legislation, including the Tax Information Exchange Act, the Taxation Act, and the Income Tax Act, to align with European Union
See More
Belgium passes global minimum tax law amendments
The Belgian Chamber of Representatives, on 2 May, 2024, passed the law on various tax provisions including initiatives for reforming investment deductions. Other notable measures include provisions concerning the Pillar Two Global Minimum Tax and
See More