EU: Working Party to discuss clean industry deal and draft energy tax reform
The European Union (EU) Working Party on Tax Questions (Indirect Taxation—Excise Duties/Energy Taxation) unveiled its provisional agenda on 5 March 2025, ahead of its upcoming meeting on 1 April 2025. The Working Party prepares the Economic and
See More
Poland extends reverse charge for gas, electricity, and greenhouse gas emissions transfers
Poland's Ministry of Finance has announced that the VAT reverse charge mechanism for transactions involving gas, electricity, and greenhouse gas emission allowance transfers will be extended to 31 December 2026. The mechanism was initially planned
See More
Slovenia to mandate e-invoicing for B2B transactions from 2027
Slovenia’s government has released a draft legislation to introduce mandatory electronic invoicing (e-invoicing) for B2B transactions on 11 February 2025. The Financial Administration of Slovenia (FURS) has proposed a major reform to combat VAT
See More
Moldova, Slovak Republic tax treaty protocol goes into effect
The protocol to amend the 2023 Moldova—Slovak Republic Income and Capital Tax Treaty will take effect on 1 May 2025. The protocol, signed on 10 September 2024, aligns the treaty with the latest international standards based on OECD/G20 BEPS
See More
Lithuania considers increasing preferential VAT rate to 12%
Lithuanian Prime Minister Gintautas Paluckas has confirmed that the Government is considering increasing the preferential rate of value-added tax (VAT) from 9% to 12%. The 21% standard VAT rate and the 5% super-reduced rate will remain
See More
Poland: CJEU rules tax exemption for external investment funds breaches EU law
The Court of Justice of the European Union (CJEU), in its ruling C-18/23 on 27 February 2025, established that the Polish tax exemption for externally managed nonresident investment funds violated the free movement of capital under EU law. Under
See More
Poland: EU Council extends VAT split payment system to February 2028
The EU has authorised Poland to extend its split payment system for VAT on 28 February 2025 under the Council Implementing Decision (EU) 2025/373 of 18 February 2025. The authorisation has been published in the EU's Official Journal on 28 February
See More
Slovenia gazettes MDR MCAA in English and Slovenian
Slovenia has ratified the Multilateral Competent Authority Agreement on the Automatic Exchange Regarding CRS Avoidance Arrangements and Opaque Offshore Structures (MDR MCAA) on 13 February 2025. Signed on 9 November 2022, as published in Official
See More
Argentina, Czech Republic begin first round of tax treaty talks
Argentina and the Czech Republic will meet from 11-14 March 2025 to initiate negotiations for their first-ever income tax treaty. This agreement seeks to eliminate double taxation on income and capital between the two countries while combating
See More
Italy: Finance department clarifies general anti-avoidance rule
Italy’s finance department has issued guidelines on applying the general anti-avoidance rule (GAAR) under article 10-bis of Law No. 212 of 27 July 2000 on 27 February 2025. The document outlines the abuse of law doctrine and examines the key
See More
Slovenia ratifies multilateral exchange agreement on CRS avoidance and opaque offshore structures
Slovenia has published the regulation for the ratification of the Multilateral Exchange Agreement on CRS avoidance arrangements and opaque offshore structures in the official Gazette on 28 February 2025. The agreement will facilitate the annual
See More
Greece launches public consultation on capital market strengthening bill
The Greece Ministry of National Economy and Finance has opened a public consultation on a Bill titled "Strengthening the capital market" on Thursday, 27 February 2025 , which proposes new tax incentives aimed at supporting small and medium
See More
Finland drops plan to raise VAT on chocolates and candi
Finland's Ministry of Finance has announced that it will not move forward with the planned increase in the VAT rate on chocolates and candies from 14% to 25.5% on 1 June 2025. In addition, the Ministry is preparing a legislative amendment to
See More
France postpones cut in VAT exemption threshold until June 2025
The French Ministry of Economy and Finance has announced that from 1 June 2025, a standard VAT exemption threshold of EUR 25,000 in turnover will apply to all businesses, replacing the current EUR 27,500 threshold. Sector-specific thresholds for
See More
Ireland introduces angel investor tax relief to boost start-ups
Irish Finance Minister Paschal Donohoe has announced the launch of Angel Investor Relief, a new tax incentive aimed at driving investment in Ireland’s innovative start-ups on 3 March 2025. The relief offers a reduced Capital Gains Tax (CGT) rate
See More
Serbia adopts rulebook on arm’s length interest rates for 2025
Serbia’s Ministry of Finance has issued the Rulebook on arm’s length interest rates for 2025, which was published in the Official Gazette of Serbia No. 17/2025 on 28 February 2025. The rulebook establishes specific interest rates for both
See More
Spain issues resolution on VAT rates for bread
The Spanish Directorate General of Taxes issued a resolution (BOE-A-2025-3950) regarding the VAT rates applied to bread on 24 February 2025. The resolution, which was published in the Official Gazette on 27 February 2025, clarifies the VAT
See More
Netherlands revises definition of exempt investment institutions
The Netherlands’ government issued guidance on changes to the definition of exempt investment institutions (VBI) on 17 January 2025. The guidance outlines tax exemptions and obligations concerning VBIs. It also highlights new rules restricting the
See More