Poland: MoF announces measures to combat aggressive transfer pricing strategies
The new measures assist the National Tax Administration in detecting and countering large corporations that evade or underreport their income tax. Poland’s Ministry of Finance has announced two new measures on 19 August 2025, to tackle
See More
Romania: ANAF publishes draft VAT form to reflect updated rates
The updated VAT return form now includes sections for both old and new VAT rates, with a separate section for reporting dwellings eligible for the reduced 9% VAT rate. Romania’s National Agency for Fiscal Administration (ANAF) released a
See More
Italy: Revenue agency clarifies VAT treatment of transfer pricing adjustments
Transfer pricing adjustments fall outside VAT unless directly tied to specific supplies as price variations; otherwise, they are treated as profit allocations to align with arm’s length margins and not VAT-relevant. Italy’s revenue agency
See More
Estonia: Government approves income tax treaty with Oman
The tax treaty will take effect after ratification instruments are exchanged and apply from 1 January of the following year. Estonia’s government has approved the income tax treaty with Oman on 21 August 2025. Signed on 27 October 2024, the
See More
Slovak Republic plans digital services tax
The DST aims to generate EUR 30–100 million in revenue by taxing large multinational digital platforms and cloud services operating in the country, including Meta, Google, TikTok, Amazon, Netflix, and Microsoft. Slovak Republic’s State
See More
US, EU reaches agreement on a framework for trade deal
This joint statement is aimed at solidifying the US-EU commitment to equitable trade and investment, strengthening one of the world’s most significant economic relationships, and driving reindustrialisation. The Trump Administration announced
See More
Sweden: Central Bank holds policy rate at 2.00%
Riksbank holds rate at 2% amid inflation pressures, signals possible cuts later in 2025 Sweden’s central bank, the Riksbank, held its policy rate at 2% on 21 August 2025, citing higher-than-expected inflation and weak economic growth. The
See More
Poland: MoF considers windfall profit tax on banking sector
Poland’s Finance and Economy Minister plans to introduce a windfall profits tax on banks, citing high profits driven by elevated interest rates from the National Bank of Poland. Poland’s Minister of Finance and Economy has announced plans to
See More
Ireland: Irish Revenue updates Pillar Two guidance
The updated guidance outlines Pillar Two registration, filing, and top-up tax requirements for MNEs. Irish Revenue published updated guidance on Pillar Two requirements on 14 August 2025, covering an overview of Pillar Two, registration
See More
Sweden: Ministry of Finance proposes amendments to global minimum tax rules
The draft legislation aligns Sweden’s Top-up Tax Act with new OECD guidance and EU rules on global minimum taxation. Sweden’s Ministry of Finance published draft legislation on 14 August 2025 to amend Act (2023:875) on top-up tax for
See More
Austria to leverage AI to recover EUR 354M in 2024 tax revenue
Austria’s finance ministry says AI helped uncover tax fraud, generating an extra EUR 354 million in tax revenue in 2024. Austria’s Ministry of Finance announced on 13 August 2025 that its use of artificial intelligence (AI) helped generate an
See More
Poland: Ministry of Digital Affairs proposes levy on digital services
The proposed DST targets companies with global revenues over EUR 750 million, applying varying rates ranging from 3% to 6% for broad digital activities like platforms, ride-sharing, and data sales, and 5% to 7.5% for targeted digital
See More
Denmark: Tax authorities alert businesses about VAT return deadlines for August 2025
In 2025, monthly VAT filers must submit their June report by 18 August, while quarterly or semiannual filers must submit their second-quarter or first-half reports by 1 September. The Danish Tax Agency (Skat) has issued a reminder for companies
See More
Italy: Tax authorities revise guidelines for tax control framework
The tax control framework (TCF) is aimed at detecting, measuring, managing, and controlling tax risks for taxpayers in the cooperative compliance programme to foster improved communication and cooperation with tax authorities. Italy’s tax
See More
Czech Republic issues guidance on VAT deduction adjustments for bad debts
VAT payers must reduce the VAT deduction for a taxable supply if the payment remains unpaid six months after its due date. The Czech Republic’s General Financial Directorate (GFD) released guidance on correcting VAT deductions for bad debts in
See More
Czech Republic: Senate approves updated deadlines for Pillar Two tax reporting
The Senate amended the Act on top-up taxes, extending first-time filing deadlines for the top-up tax information return and top-up tax return. The Czech Senate has approved an amendment to the Act on top-up taxes, extending the deadlines for the
See More
Poland: Ministry of Finance consults extension of temporary withholding tax exemption for technical payers
Poland plans to extend the temporary withholding tax exemption for technical payers, including securities account operators, until the end of 2026. Poland’s Ministry of Finance has released a draft regulation for public consultation on 11
See More
Italy introduces conditional IRES rate cut to reward responsible corporate growth
The incentive is available to Italian-resident joint-stock companies, commercial entities, and permanent establishments of non-resident companies, and non-commercial entities on income from commercial activities. Italy’s Ministry of Economy
See More