Estonia moves to terminate tax treaty with Belarus
Estonia has formally ended its 1997 tax treaty with Belarus, which could be terminated as early as 1 January 2026. Estonia’s government has approved a draft law to terminate its 1997 tax treaty with Belarus on 29 May 2025. The move follows
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Italy: Finance ministry updates synthetic reliability indices
Italy’s finance ministry issued a ministerial decree on 28 May 2025, updating the synthetic indices of reliability (ISA) for the 2024 fiscal year. Italy’s Ministry of Economy and Finance has published the Ministerial Decree of 24 April
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Belgium: Government proposes stricter participation exemption rules and exit tax extension
Belgium’s Chamber of Deputies is reviewing draft legislation by the government on 27 May 2025 to implement tax reforms proposed in the government policy note. Belgium’s Chamber of Deputies is reviewing a draft legislation presented by the
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Latvia postpones mandatory B2B e-invoicing
Latvia delays mandatory B2B e-invoicing to 1 January 2027. Latvia's Ministry of Smart Administration and Regional Development has proposed postponing the mandatory implementation of B2B e-invoicing for all registered businesses to 1 January
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Germany extends obligation to correct tax returns
Germany has updated the Tax Code with a new provision to promptly report any incorrect or incomplete tax returns. Germany’s Ministry of Justice and Consumer Protection has introduced a new provision in the Tax Code for taxpayers reporting
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Denmark: Parliament simplifies transfer pricing rules, lowers documentation requirements
The revised rules, which will apply from the 2025 income year, are expected to exempt at least 1,500 companies that submitted documentation for the 2022 fiscal year. Denmark’s Parliament has passed amendments to Sections 39 and 40 of the
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Malta extends property tax incentives until December 2025
The Maltese government has extended property tax exemptions on qualifying transfers until 31 December 2025. The Maltese government has extended property tax incentives through Legal Notice 93 of 2025, published on 27 May 2025. The exemption
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UK: Scotland extends LBTT group relief provision
The legislation extends LBTT group relief to non-partition demergers and clarifies that the sub-sale relief period begins on the qualifying sub-sale date. Scotland’s government released legislation titled “The Land and Buildings Transaction
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Sweden revises tax deduction regulations for green energy installations
Sweden has amended tax reduction rules for green technology installations, effective 1 July 2025. Sweden’s government has published Law No. SFS 2025:541 in the Official Gazette on 28 May 2025. This legislation amends the tax reduction
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Italy to abolish VAT split payment for FTSE MIB firms by July 2025
Italy has extended the VAT split payment system until 30 June 2026 for most public sector transactions. From 1 July 2025, FTSE MIB-listed companies must exit the regime and return to the standard VAT system. Italy has extended the VAT split
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AmCham EU urges resolution on Pillar 2 implementation and coordination with the US tax system
AmCham EU urged EU Commissioner Wopke Hoekstra to resolve discussions on Pillar 2 and its alignment with the US tax system in a position paper on 23 May 2025. The American Chamber of Commerce (AmCham) EU released a position paper on 23 May 2025
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Ireland updates tax registration guidelines for corporation tax, income tax, and other taxes
Irish Revenue updates registration guidelines for income tax, corporation tax, PAYE/PRSI, and RCT. Irish Revenue has published eBrief No. 109/25 on 23 May 2025, announcing revised guidelines for registering for Income Tax (IT), Corporation Tax
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Italy: Council of Ministers approves draft code on registration and indirect taxes
Italy preliminarily approves decree consolidating registration and indirect taxes to simplify compliance, excluding VAT. The Italian Council of Ministers granted preliminary approval to a Legislative Decree consolidating the rules on
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Germany plans 10% tax on digital services from tech giants
Germany is drafting legislation for a 10% tax on major digital platforms like Google and Facebook. Germany’s Minister of State for Culture, Wolfram Weimer, has announced that the government is preparing draft legislation to introduce a 10%
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France sets interest rate caps for shareholder loan deductions in Q2 2025
The French tax authority has updated the interest rates used to determine the deductibility of interest payments to shareholders for companies with fiscal years ending between 31 March 2025 and 29 June 2025. Interest payments that exceed these
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Brazil, Sweden: Amending protocol enters into force
The amending protocol to the 1975 Brazil-Sweden Income Tax Treaty will take effect on 13 June 2025. The amending protocol to the Brazil-Sweden Income Tax Treaty (1975) will take effect on 13 June 2025, however withholding and other taxes will
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Ireland updates general corporate tax guidance
New guidance modifies startup relief (Section 486C TCA) and introduces foreign dividend exemptions (Section 831B TCA), with PRSI-linked caps and EUR 40K-60K thresholds. The Irish Revenue has released eBrief No. 102/25 on 16 May 2025, announcing
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Denmark adopts DAC8 crypto-asset reporting rules
Denmark enacted Act No. 409 of 29 April 2025, aligning with EU Directive 2023/2226 (DAC8) to introduce new reporting and due diligence requirements for crypto-asset service providers. Denmark has published Act No. 409 of 29 April 2025 in the
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