Romania issues draft form for pillar two top-up tax notification
The tax authority released a draft form for notifying and designating entities to handle domestic top-up tax under Pillar Two rules. Romania’s National Agency for Fiscal Administration (ANAF) released a draft order on 20 June 2025 outlining the
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Finland: MoF consults on offshore wind taxation and geographic definition in tax law
The consultation aims to ensure that offshore windmills face a tax burden comparable to that of onshore windmills. Comments are due by 19 August 2025. Finland’s Ministry of Finance launched a public consultation on 24 June 2025 regarding real
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Romania announces 2025–28 tax reforms, raises dividend tax
The proposed tax reforms target increased taxes on dividends, reduced incentives, stricter expense deductions, and simplified VAT rates. Romania published its decision approving the 2025-2028 Government Programme in the Official Gazette on 23
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EU states endorse simplified sustainability reporting and due diligence rules
The mandate proposes to simplify corporate sustainability (CSRD) and due diligence directives (CS3D) by reducing reporting burdens and minimising obligations for smaller companies. The Council of the EU approved a negotiating mandate to simplify
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France issues clarification on Belarus tax treaty suspension
France partially suspended the 1985 tax treaty with Belarus on 8 August 2024. France’s General Directorate of Public Finance has issued updated guidance on 18 June 2025, regarding the 1985 income tax treaty with the former Soviet Union as
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Germany: Bundestag approves EUR 46 billion business tax reform package
The tax reform package is aimed at promoting investment and growth through enhanced depreciation, phased corporate tax cuts, EV incentives, and expanded R&D relief. The German lower house of the parliament (Bundestag) approved the “Act for
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Luxembourg: Chamber of Deputies ratify income and capital tax treaty with Oman
Luxembourg’s Chamber of Deputies approved the ratification of the income and capital tax treaty with Oman on 25 June 2025, following earlier approval by the Council of State on 3 June. Luxembourg's Chamber of Deputies gave its approval for the
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Luxembourg issues guidance on ecological vessel tax bonus
Luxembourg sets certification rules for ecological vessels to qualify for a 2% investment tax bonus. The Luxembourg Maritime Affairs Commission has released Circular CAM 06/2025 on 18 June 2025, detailing the procedure for obtaining an approval
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Greece unveils expanded tax incentives for non-domiciled foreign investors
The expanded incentives allow family members of a non-dom in Greece to join the special tax scheme within the first 15 years by paying EUR 20,000 in personal income tax each. Greece has announced new tax incentives to attract wealthy foreign
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Ireland issues VAT guidance on event admissions and education services
Irish Revenue issued new VAT guidance on event admissions and education services, updating place of supply rules for virtual events from 1 January 2025. Irish Revenue has released eBrief No. 127/25 on 26 June 2025, announcing the publication of a
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Finland: MoF consults on DAC7 reporting rules extension
The consultation proposes expanding digital platform operators' reporting obligations to the Finnish Tax Administration for sales and rentals. Finland’s Ministry of Finance has initiated a public consultation on 25 June 2025 pertaining to the
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Luxembourg: Chamber of Deputies approves tax treaty protocol with Argentina
The protocol signed on 25 October 2024 marks the first amendment to the treaty, which has yet to enter into force. Luxembourg's Chamber of Deputies has approved the 2024 protocol amending the 2019 Argentina-Luxembourg Income and Capital Tax
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Finland: MoF consults on mining tax increase
The ministry seeks to amend the Mining Minerals Tax Act includes raising the tax on metal ores to 2.5% and on other minerals to EUR 0.60 per tonne. Finland’s Ministry of Finance has initiated a public consultation on 23 June 2025 on proposed
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Romania announces plan to streamline VAT to two rates
Romania’s parliament has approved the new government and its Government Plan, published in Official Gazette No. 580 on 23 June 2025. The plan proposes VAT system changes, including removing VAT incentives on real estate transactions and reducing
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EU Commission approves new state aid rules to support clean industry
The European Commission's new State aid framework enables Member States to boost clean energy, industrial decarbonization, and clean technology by offering tax incentives, such as faster deductions for clean technology investments. The European
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Cyprus announces VAT law amendments for virtual event supply rules
Amendments clarify that virtual participation in events is not "admission" for VAT purposes. For B2B, the place of supply is the recipient's location; for B2C, it is where the recipient resides, with VAT rules varying by region. Cyprus’ Council
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EU publishes tax progress report
ECOFIN’s final meeting under Poland’s Presidency approved a report outlining progress on key EU tax measures and ongoing international developments. The Economic and Financial Affairs Council of the EU (ECOFIN Council) held its final
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Greece consults draft tax and customs law amendments
The draft tax law introduces changes affecting crew taxation, hospitalisation benefits, and electronic rent payments. The Greek Ministry of Finance launched a public consultation on a draft law on 24 June 2025. The law introduces various tax
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