Slovak Republic: President signs law ratifying tax treaty protocol with Brazil
The President of the Slovak Republic signed the law ratifying the amending protocol to the 1986 tax treaty with Brazil on 9 May 2025. The treaty prevents double taxation and fiscal evasion on income between Slovakia and Brazil. This is the
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Italy: Council of Ministers approves draft decree on local taxes and fiscal federalism
Italy’s Council of Ministers has approved a draft Legislative Decree on 9 May 2025, introducing measures on local taxes and regional fiscal federalism as part of a tax reform. The Decree introduces greater fiscal autonomy for territorial
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Brazil delists UAE and Austrian holding regime from low-tax jurisdiction and privileged tax regime
Brazil’s Federal Revenue Service (RFB) has published the Normative Instruction No. 2,265/2025 in the Official Gazette on 13 May 2025, in which it removed the UAE from the list of low-tax jurisdictions and the Austrian holding company regime (for
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Czech Republic and Oman initiate tax treaty negotiations
The Czech Republic and Oman are set to begin a fresh round of negotiations for a new tax treaty, scheduled to take place in Prague from 19 -22 May 2025. The treaty was initially agreed upon in principle on 5 December 2012, following a second
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Czech Republic, Tanzania sign income tax treaty
The Czech Republic Ministry of Finance announced the signing of an income tax treaty with Tanzania on 14 May 2025. This is the first treaty between the two countries and aims to eliminate double taxation concerning taxes on income and prevent tax
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EU council approves draft directive holding foreign traders and platforms liable for import VAT
The EU Economic and Financial Affairs Council (ECOFIN) agreed on a draft directive on 13 May 2025, introducing new VAT rules for distance sales of imported goods and import VAT. The new rules seek to improve the VAT collection on imported goods
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Portugal extends 2024 CIT, property tax deadlines due to power outage
Portugal’s Tax and Customs Authority has issued Order No. 79/2025 - XXIV on 8 May 2025, extending key tax deadlines due to the recent large-scale power outage affecting Portugal, France, and Spain. The filing deadline for the 2024 annual
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Poland plans new e-receipt rules from July 2025
Poland plans to introduce new cash register regulations from 1 July 2025, allowing businesses to issue electronic receipts (e-receipts) from traditional and software-based cash registers, provided the customer consents. The planned changes follow
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Denmark: New digital bookkeeping rules for VAT-registered entities from January 2026
The Danish Business Authority announced new rules under the Danish Bookkeeping Act that require companies to use digital bookkeeping systems capable of handling e-invoices, starting 1 January 2025. From 1 January 2026, this will also apply to all
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Liechtenstein parliament ratifies tax treaty with Ireland
Liechtenstein’s parliament has given its approval to the ratification of the tax treaty with Ireland concerning income and capital on 9 May 2025. The agreement regulates the elimination of double taxation in cross-border situations. It is based
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Cyprus ratifies tax treaty with Curacao
Cyprus has ratified its first-ever income tax treaty with Curacao on 9 May 2025. Signed on 23 April 2025, this is the first treaty between the two countries and aims to eliminate double taxation on income and prevent fiscal evasion between Cyprus
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Estonia considers raising personal and corporate income tax rates, scrapping temporary security tax
The Estonian government presented a draft bill ( 25-0475 ) to the parliament proposing permanent tax increases to replace the temporary 2% security tax on 9 May 2025. The draft bill, which amends relevant Acts, removes the planned 2% security tax
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Netherlands updates decree on VAT invoicing and administrative rules
The Netherlands State Secretary for Finance has published Decree No. 2025-115705 of 1 May 2025 in the Official Gazette No. 2025, 15981 on 8 May 2025. This new decree updates the regulations on VAT administrative and invoicing
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EU, Singapore sign landmark digital trade agreement
The European Union ( EU) and Singapore have taken a significant step forward in their bilateral trade relations with the signing of a landmark Digital Trade Agreement (DTA). Signed by Commissioner for Trade and Economic Security Maroš Šefčovič
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Liechtenstein: Parliament approves tax treaty with Croatia
The Liechtenstein parliament ratified the income and capital tax treaty with Croatia on 9 May 2025. Signed on 22 January 2025, it is the first treaty between the two countries and aims to eliminate double taxation concerning taxes on income and
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Ireland: Revenue updates Pillar Two tax guidelines
Irish Revenue issued eBrief 098/2025 on 8 May 2025, updating its Tax and Duty Manual on global minimum taxation rules. The following two Tax and Duty Manuals (TDMs) relating to Pillar Two have been updated: TDM Part 04A-01-01 - Global
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EU consults countermeasures, WTO action over US tariffs
The European Commission has announced a public consultation on possible countermeasures and WTO litigation in response to US tariffs on 8 May 2025, if ongoing EU-US negotiations do not result in a mutually beneficial outcome and the removal of the
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Estonia: Government approves tax treaty with Liechtenstein
The Estonian government approved the signing of the income and capital tax treaty with Liechtenstein on 8 May 2025. The agreement was initialled on 17 November 2023 following the conclusion of negotiations. The treaty seeks to eliminate double
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