Ireland: DoF opens consultation on Phase One of interest tax reform
Ireland’s Department of Finance has opened a consultation on Phase One of its proposed reform of the country’s interest taxation regime. The consultation period begins on 21 November 2025. The reform, outlined in a “Strawman Proposal,”
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EU Commission unveils business wallets to streamline operations and boost competitiveness
The EU Commission has proposed a regulation on 19 November 2025 to establish European Business Wallets to simplify business operations across the EU. Designed for Businesses and developed by Businesses, the EU Business Wallers will modernise and
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Italy: Revenue Agency reminds taxpayers about deadline for transition 5.0 tax credit applications
Italy’s Revenue Agency has announced on 24 November 2025 that it published Decree no. 175/2025 in the Official Gazette as of 21 November 2025, in which it notified that companies have until 27 November 2025 to submit applications for the
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Latvia adopts legislation to enforce DAC8
Latvia published the Law on Amendments to the Law on Taxes and Duties in the Official Gazette on 21 November 2025, introducing measures to implement Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8), including new reporting and due
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Australia, Croatia sign income tax treaty
Australia and Croatia signed a new income tax treaty on 24 November 2025. This agreement aims to eliminate double taxation on income and prevent tax evasion and avoidance between the two countries. The treaty sets dividend withholding tax at
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Austria: Government approves tax amendment Act 2025 to align with EU rules
The Austrian Government gave its approval to the proposed Tax Amendment Act 2025 (Abgabenänderungsgesetz 2025) on 18 November 2025. The Act introduces changes to several tax laws and ensures national legislation complies with EU requirements. It
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Austria: Government approves draft law to implement crypto reporting rules (DAC8)
The Austrian government has approved a draft law to implement the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226). The legislative proposal focuses on introducing the Betrugsbekämpfungsgesetz 2025 Teil
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Netherlands, Thailand sign new income tax treaty
The Netherlands and Thailand signed a new income tax treaty on 21 November 2025 during the 4th EU Indo-Pacific Ministerial Forum (IPMF) in Brussels. The new agreement aims to align with the latest international standards and implement
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Sweden: Parliament adopts amendments to interest deduction rules
The Swedish parliament (Riksdag) approved a law that includes targeted amendments to the Income Tax Act on 19 November 2025 regarding interest deduction rules to ensure compliance with EU law. The new law denies deductions for intra-group loans
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Belgium: Government gazettes bill extending exemptions to sister company mergers
Belgium’s government has gazetted a law of 30 October 2025 on 24 November 2025, extending the existing tax exemption for mergers to include simplified sister mergers, in line with the EU Mobility Directive 2019/2121 on cross-border conversions,
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Netherlands: Government to raise late payment interest rate from 2026
The Netherlands government has published an amendment to the Decree on tax interest and late payment interest in Official Gazette No. 383 on 21 November 2025, raising the late payment interest rate from 4% to 4.3%, starting 1 January 2026. Late
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EU Council signs updated tax cooperation agreements with Andorra, Liechtenstein, Monaco, San Marino, Switzerland
The EU Council approved updated tax cooperation agreements with Andorra, Liechtenstein, Monaco, San Marino, and Switzerland, extending automatic financial account information exchanges to cover electronic money products and digital currencies on 20
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Belgium: Government reaches deal on multi-annual budget for 2026, raises corporate tax
Belgium’s government reached a budget agreement for 2026 on 24 November 2025 after months of tense negotiations, Prime Minister Bart De Wever announced. Following a Christmas deadline he set for his five-party coalition, he reached a deal that
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France: National Assembly rejects first part of 2026 Finance Bill
France’s National Assembly rejected the revenue (tax) section of the 2026 Finance Bill on 22 November 2025. A general vote held the previous day resulted in the Bill being rejected at its first reading after several weeks of public debate, with
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Estonia: Government approves draft law to ratify 2025 tax treaty with Andorra
The Estonian government approved a draft law on the ratification of the Income and capital tax treaty 2025 on 20 November 2025. Andorra and Estonia signed an income and capital tax treaty on 23 September 2025. This treaty aims to prevent
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Germany: MoF expands CbCR to additional jurisdictions
Germany’s Federal Ministry of Finance has announced on 19 November 2025, that the Multilateral Competent Authority Agreement (MCAA) on the exchange of country-by-country reports (CbCR) will be extended to include Antigua and Barbuda, Cameroon,
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Ireland publishes feedback statement on interest tax reform
Ireland’s Tánaiste and Minister for Finance Simon Harris T.D. has published a Feedback Statement for Phase One of the reform of Ireland’s taxation regime for interest. This announcement was made on 21 November 2025. The statement aims to
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Slovak Republic: MoF issues updated model tax return for Pillar 2 supplementary domestic top-up tax
The Slovak Republic’s Ministry of Finance has issued Notification No. MF/15676/2025-724, introducing a model tax return form for the additional (supplementary) domestic top-up tax, in accordance with the Pillar 2 QDMTT framework. The new
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