Ireland issues revised GMT guidelines for MNEs, domestic groups
The updated guidance on OECD Pillar Two global minimum tax clarifies rules for insurance investment entities, intra-group financing adjustments, pre-transition tax changes, and transitional CbC reporting safe harbor rules. The Irish Revenue
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Luxembourg: Government proposes bill to enforce DAC9, align Pillar Two with OECD standards
DAC9 introduces new rules for sharing top-up tax information and filing obligations under the Pillar Two GMT Directive (Directive (EU) 2022/2523). Luxembourg’s government submitted a draft bill to the parliament to implement Council Directive
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Greece amends corporate, VAT, personal tax laws
Law 5222/2025 introduces changes to VAT, income tax, customs and real estate rules, following public consultation and EU alignment efforts. Greece enacted Law 5222/2025 on 28 July 2025, introducing changes to corporate income tax, VAT, income
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Greece expands and strengthens rules for alternative tax regimes
The amended tax regimes revise inheritance and gift tax exemptions and expand provisions for skilled employees. Greece has amended its alternative tax regimes for incoming tax residents introduced under Law 5222/2025, which were published on 28
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Poland: KAS intensifies measures against tax avoidance, profit outflows
The Ministry of Finance intends to set up a dedicated centre at the Małopolska Customs and Tax Office in Kraków to carry out its plans. Poland’s Ministry of Finance announced a new initiative on 31 July 2025 to address aggressive tax planning
See MoreGreece updates tax incentives for family wealth management entities
The new law has halved the minimum annual operating expenditure for family offices from EUR 1 million to EUR 500,000, easing financial entry requirements. Greece has enacted Law 5222/2025, introducing enhanced tax incentives for Special Purpose
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EU to remove tariffs on UK steel under restored quota system
The initiative will allow the UK to export up to 27,000 tonnes of steel to the EU per quarter, tariff-free, restoring its quota to pre-2022 levels. The EU will remove tariffs on key British steel products under a quota system starting 1 August
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Slovak Republic: MoF consults on introducing mandatory e-invoicing
The deadline for sending feedback is 19 August 2025. The Slovak Republic’s Ministry of Finance is consulting on a Draft Law No. LP/2025/396 on 30 July 2025, to amend the Value Added Tax Act and related laws, aimed at introducing mandatory
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Amending protocol France, Switzerland tax treaty enters into force
The amending protocol to the 1966 France–Switzerland tax treaty, has entered into force on 24 July 2025. The agreement is designed to prevent double taxation and prevent tax evasion between the two nations. Earlier, France published Law No.
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Greece: Parliament approves bill mandating B2B e-invoicing
Greece’s parliament approved a new bill titled “National Customs Code and Other Provisions – Pension Regulations” on 25 July 2025, which introduces mandatory electronic invoicing (e-invoicing) for business-to-business (B2B)
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Romania gazettes legislation to amend APA, MAP
The legislation updates rules for Advance Pricing Agreements (APAs) and Mutual Agreement Procedures (MAPs) Romania’s government published Emergency Ordinance 11/2025 (GEO 11/2025) in the Official Gazette No. 695 on 24 July 2025, to amend the
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Romania increases standard and reduced VAT rates, effective starting tomorrow
Starting 1 August 2025, Romania will unify the 5% and 9% VAT rates into a single 11% rate and raise the standard VAT rate from 19% to 21%. Effective from tomorrow, 1 August 2025, Romania’s reduced VAT rates of 5% and 9% have been unified and
See MoreEU: Council adopts new rules simplifying tax collection for imports
The directive will be published in the EU Official Journal and take effect 20 days later, with rules applying from 1 July 2028. The EU Council has formally adopted new value added tax (VAT) rules for distance sales of imported goods on 18 July
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Luxembourg proposes permanent carried interest tax regime
Bill No. 8590 aims to establish a permanent tax framework for carried interest and strengthen Luxembourg’s position in asset management. The Luxembourg Government submitted Bill No. 8590 on 24 July 2025 to the Chamber of Deputies, introducing
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Netherlands clarifies application of ATAD interest deduction limitations
The Netherlands has issued a new decree clarifying the application of ATAD interest deduction limitations, effective from 30 July 2025. The Netherlands State Secretary for Finance has published Decree no. 2025-17107 of 16 July 2025, in Official
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France publishes revised VAT exemption lists for overseas departments
France updates VAT exemption lists for overseas departments with region-specific measures effective from March 2025 to December 2027. The French tax authorities released updated guidance (BOFiP, ACTU-2025-0010) on 23 July 2025, establishing
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Malta gazettes 2025 audit exemption rules for startups, small companies
Malta introduces new audit exemptions for startups, micro-enterprises, and shipping companies under the Audit Exemption Rules 2025. Malta has gazetted Legal Notice No. 139 of 2025 on 15 July 2025, enacting the audit exemption rules
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Croatia, Liechtenstein tax treaty enters into force
The treaty takes effect from 1 January 2026. Liechtenstein has published the income and capital tax treaty with Croatia in the Official Gazette on 18 July 2025, which includes the notice that the treaty entered into force on 26 July
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