Czech Republic: Senate approves new tax and penalty waiver rules
The Czech Senate approved a bill on 11 June 2025, allowing tax authorities to waive penalties upon request and enabling the government to waive tax obligations during emergencies or legal irregularities. The Czech Republic’s Senate approved the
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Croatia: Parliament approves tax treaty with Liechtenstein
The Croatian parliament approved the income and capital tax treaty with Liechtenstein on 6 June 2025. The Croatian parliament gave its approval to the income and capital tax treaty between Croatia and Liechtenstein on 6 June 2025. A tax treaty
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Estonia: Parliament ratifies income tax treaty with Botswana
The Act enters into force on 27 June 2025. Estonia’s parliament passed the law to ratify the income tax agreement with Botswana on 11 June 2025. Signed on 25 September 2024, this treaty marks the first agreement of its kind between the two
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Croatia: Parliament ratifies income and capital tax treaty with Saudi Arabia
The Croatian Parliament ratified its first income and capital tax treaty with Saudi Arabia on 6 June 2025. Croatia’s Parliament passed the law to ratify the income and capital tax agreement with Saudi Arabia on 6 June 2025. Signed on 4
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Portugal extends corporate tax filing and payment deadlines for 2024
Portugal extended the 2024 corporate income tax (IRC) filing and payment deadline for calendar-year companies from 15 June 2025 to 30 June 2025. Portugal’s tax and customs authority issued Order No. 2/2025-XXV on 9 June 2025, extending the
See MoreCzech Republic: Government endorses tax treaty signing with Argentina
The Czech Republic approved signing a tax treaty with Argentina on 11 June 2025. The Czech Republic government has approved signing an income and capital tax treaty with Argentina on 11 June 2025. This follows after officials from both
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Germany finalises 2025 automatic financial information exchange list
Germany has confirmed 115 jurisdictions for the 2025 automatic exchange of financial account information, with reporting due by 31 July 2025. The German Ministry of Finance released the final list of 115 jurisdictions participating in the
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Singapore: IRAS issues advance ruling on taxation of IP transfers
IRAS has ruled that payments received by a Singapore company for transferring Improvement IP to a related party are non-taxable capital receipts as part of a group restructuring. The Inland Revenue Authority of Singapore (IRAS) has released
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Italy announces tax incentive for hiring researchers
Italy has passed a law focused on education, technical institutes, teachers, school infrastructure, and tax credits for companies hiring researchers. Italy has enacted Law No. 79 of 5 June 2025, which was published in the Official Gazette. This
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Poland issues updated guidance on e-invoicing system
Poland confirmed no changes to the National e-Invoicing System (KSeF) schedule and raised the VAT exemption to PLN 240,000 in its latest guidance on 30 May 2025. Poland’s Ministry of Finance has released additional guidance on the National
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Slovak Republic: Parliament passes DAC8 crypto-asset reporting bill
The Slovak Parliament approved a bill to implement DAC8, introducing new reporting and due diligence rules for crypto-asset service providers. The Slovak Republic’s Parliament approved the draft bill to implement Council Directive (EU)
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Luxembourg: Council of State approves ratification of tax treaty with Oman
Luxembourg’s Council of State has approved the ratification of the tax treaty with Oman, advancing the agreement signed in October 2024. Luxembourg's Council of State approved the ratification of the income and capital tax treaty with Oman on 3
See MoreItaly: Council of Ministers approves amendments to tax reform
Italy approved a new Legislative Decree on June 4, 2025, updating tax compliance, litigation, penalties, and the 2-year preventive composition procedure (CPB). Italy’s Council of Ministers has approved a Legislative Decree on 4 June 2025, which
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Spain consults on Pillar 2 tax reporting forms
Spain is seeking feedback on a draft order introducing key reporting forms for the complementary tax, which runs until 24 June 2025. Spain’s Ministry of Finance opened a public consultation on 3 June 2025 concerning a draft order that sets out
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Greece expands list of jurisdictions for financial information exchange under CRS
The Greek Public Revenue Authority (AADE) has expanded the lists of reportable and participating jurisdictions for financial data exchanges under the CRS. The Greek Public Revenue Authority (AADE) has issued Circular A.1069 on 20 May 2025,
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Denmark: Parliament approves green depreciation in tax reform
Denmark raises depreciation rate for eco-friendly investments to 108% for 2025–2026. Denmark's parliament passed Bill L 195 on 3 June 2025, modifying the Depreciation Act to reflect the government's earlier decision to boost tax deductions for
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Ireland releases updated EU VAT guidelines for small enterprises
Ireland issues new VAT guidelines for SMEs under EU scheme, exempting cross-border sales under EUR 100,000 from 2025. Ireland’s Revenue Commissioners published eBrief No. 113/2025 on 4 June 2025, providing new guidance on the EU VAT scheme for
See MoreGermany unveils tax boost package to revive investment and growth
Germany unveils tax reform package with super deductions and lower corporate tax to boost investment and competitiveness. The Federal Cabinet adopted the draft law for a tax-based immediate investment program to strengthen Germany as a business
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