Greece expands debt relief and VAT policies amid economic reforms
The Greek Ministry of National Economy and Finance announced changes to its debt relief framework, aiming to provide stronger protection for thousands of borrowers. The initiatives announced on 5 February 2025 expand the scope of the
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Lithuania considers raising VAT registration threshold to new level
Lithuania's parliament is considering a proposal to raise the VAT registration threshold from EUR 45,000 to EUR 60,000. Under the new rule, businesses in Lithuania would only need to register for VAT if their annual turnover surpasses EUR 60,000.
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France raises financial transactions tax
France has raised the financial transactions tax rate from 0.3% to 0.4%, introduced in the French Finance Law for 2025 which was passed by parliament on 6 February 2025. The higher rate will apply to acquisitions made from the first day of the
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Luxembourg issues 2024 exchange rates for foreign currencies
The Luxembourg Administration of Direct Tax has released Circular L.G. - A n° 60bis/10 of 17 January 2025, detailing the reference EUR exchange rates for 30 foreign currencies for 2024. This announcement was made by the Government of Luxemburg
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Slovenia, Saudi Arabia discuss bilateral relations and income tax treaty
Officials from Slovenia's Ministry of Finance and Saudi Arabia met to discuss bilateral relations, including the ongoing negotiations for an income tax treaty on 16 January 2025. This announcement was made by the Ministry of Finance on 17 January
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Sweden proposes property tax increase on wind turbines from 2026
The Swedish Government has announced a proposal to raise the property tax on wind turbines. This announcement was made by the Swedish Government on 2 January 2025. The legislative amendment is proposed to take effect on 1 January
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Lithuania: VMI clarifies EU VAT scheme for small businesses
The Lithuanian State Tax Inspectorate (VMI) announced the publication of guidelines on how to become users of small business schemes for VAT exemptions in other EU member states on 21 January 2025. The rules are accessible through the VMI
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Lithuania moves to terminate 1995 tax treaty with Belarus
Lithuania issued Law No. XV-103 in the Official Gazette on 22 January 2025. Earlier, the Lithuanian government approved a draft law to terminate the 1995 tax treaty with Belarus on 13 November 2024. This decision comes after Belarus suspended
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Ireland: Revenue publishes eBrief No. 014/25 on surcharge for undistributed income of close companies
Irish Revenue has published eBrief No. 014/25 20 January 2024, providing updated guidance on the surcharge for certain undistributed income of close companies, Tax and Duty Manual Part 13-02-05. Section 440 TCA 1997 provides for an additional
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Ireland: Revenue updates guidance on digital games tax
Irish Revenue has released eBrief No. 015/25 on 21 January 2025, providing updated guidance on the Section 481A Digital Games Corporation Tax Credit. Tax and Duty Manual Part 15-02-07 - Section 481A Digital Games Corporation Tax Credit - has been
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Lithuania raises dividend tax rate from January 2025
Lithuania’s State Tax Inspectorate (STI) has introduced new guidelines on the increase of the dividend tax rate from 15% to 16%, effective from 1 January 2025. A dividend tax is levied by a jurisdiction on dividends paid by a corporation to its
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Luxembourg ratifies protocol to 2007 tax treaty with Moldova
Luxembourg's Chamber of Deputies ratified the pending protocol to the 2007 income and capital tax treaty with Moldova on 22 January 2025. Earlier, Luxembourg’s Council of State authorised the ratification of the protocol to the 2007 tax treaty
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Lithuania introduces new VAT registration rules
The State Tax Inspectorate of Lithuania has issued a new order (VA-5) outlining updated procedures for registering and deregistering VAT identification numbers for taxable persons. The order was published on 17 January 2025 and is effective from
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Sweden plans reforms to R&D and expert tax incentives
Sweden is set to revise its research and development (R&D) tax incentives and expert tax relief rules to simplify administration and expand access. A government report has proposed key changes, expected to take effect on 1 January 2026. For
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Germany updates tax haven defense ordinance, removes five jurisdictions
Germany published the Third Ordinance amending the Tax Haven Defense Ordinance in the Official Gazette on 30 December 2024. The amendments reflect the EU Economic and Financial Affairs Council's 2024 decisions to remove Antigua and Barbuda, the
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Ireland: Revenue updates CFC rules in eBrief 023/25
The Irish Revenue released eBrief 023/25 on 24 January 2025, which includes updates to the tax and duty manual on Controlled Foreign Company (CFC) rules, in light of the changes introduced by the Finance Act 2024. Tax and Duty Manual - Part
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Luxembourg Parliament ratifies tax treaty protocol with Moldova
The Luxembourg parliament passed the law to ratify the protocol to the 2007 income and capital tax treaty with Moldova, with the Council of State voting to forgo the mandatory second constitutional vote on 4 February 2025. Earlier, Luxembourg’s
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Ireland: Revenue updates guidance on Residential Zoned Land Tax
Irish Revenue has released eBrief No. 031/25 on 4 February 2025, providing updated guidance on the Residential Zoned Land Tax (RZLT). The Residential Zoned Land Tax (“RZLT”) was introduced by section 80 of the Finance Act 2021 and is
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