EU considers EUR 95 billion in tariffs on US if negotiations fail, targets industrial goods
The European Union is considering imposing EUR 95 billion (USD 108 billion) in tariffs on US exports if no progress is made during trade talks with the Trump administration. The proposed retaliatory measures mainly target industrial goods like
See More
Netherlands emissions authority accepting CBAM declarant applications from May 2025Â
The Netherlands' emissions authority (NEA) announced on 1 May 2025 the launch of a dedicated online portal for taxpayers to apply for CBAM authorised declarant status. The Carbon Border Adjustment Mechanism (CBAM) is an initiative introduced by
See More
Croatia: Government approves tax treaty with Saudi Arabia
Croatia’s government has approved a draft bill for the ratification of the Croatia-Saudi Arabia Income and Capital Tax Treaty (2024) on 2 May 2025. The proposed legislation has now been forwarded to the Croatian parliament for further review
See More
Luxembourg, Curaçao negotiates tax treaty
Luxembourg officials met with Curaçao's Finance Minister Javier Silvania to begin negotiations for a double taxation agreement on 30 April 2025. The treaty will focus on financial services, including banking and investment funds. Luxembourg, a
See More
France updates list of non-cooperative tax jurisdictions, removes Bahamas, Belize, Seychelles
France issued a decree on 18 April 2025, published in the Official Gazette on 7 May 2025, updating its list of non-cooperative states and territories (NCSTs), removing Bahamas, Belize, and Seychelles. The updated list now includes 13
See More
Austria updates CRS reporting jurisdictions list
Austria has released an updated Ordinance, effective from 1 May 2025, with new lists of participating and reportable jurisdictions for the automatic exchange of financial account information under the Common Reporting Standard (CRS), adding Armenia,
See MoreEU: VAT Committee releases 126th meeting minutes on e-invoicing, IOSS implementation
The European Union's Value Added Tax Committee, on 5 May 2025, released the non-public minutes of its 126th meeting from 21 March 2025. This session focused solely on implementing the VAT in the Digital Age (ViDA) package adopted by the Council of
See More
Greece updates CbC report exchange list for 2023 under MCAA
Greece published Decision No. A 1056 in the Official Gazette on 30 April 2025, updating the list of jurisdictions participating in the exchange of country-by-country (CbC) reports under the Multilateral Competent Authority Agreement (MCAA) for the
See More
Greece, UAE renew double taxation avoidance agreement
Greece and the UAE have agreed to update and renew their 2010 tax treaty. Greek Prime Minister Kyriakos Mitsotakis met with UAE Minister Dr. Sultan Al Jaber to announce the renewal of the double taxation avoidance agreement between Greece and the
See More
Germany extends deadline for single use plastics reporting
The German Environment Agency (UBA) has extended the deadline for manufacturers to submit their 2024 quantity reports to 15 June 2025. In 2025, UBA will waive the usual requirement for an external audit of these reports, though it may request
See More
Spain updates Basque Economic Agreement to implement OECD’s Pillar Two global minimum tax
Spain published Law No. 3/2025 in its Official Gazette on 29 April 2025, updating the Economic Agreement with the Basque Country. This agreement, originally from 2002, has been revised to include the new global minimum tax rules under the
See MoreEU publishes DAC9 directive for top-up tax information return
The EU has published the Council Directive (EU) 2025/872 of 14 April 2025 amending Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC9) in the Official Journal of the European Union on 6 May 2025. The directive
See More
Croatia government approves tax treaty ratification with Liechtenstein
Croatia’s government has approved the draft law for the ratification of the income and capital tax treaty with Liechtenstein on 2 May 2025. Signed on 22 January 2025, it is the first income tax treaty between the two countries. The agreement
See More
Lithuania tightens DAC7 rules for platform operators and cross-border data exchange
Lithuania’s State Tax Inspectorate has amended Order No. VA-95 to align with the EU’s DAC7 Directive on 23 April 2025. From 24 April 2025, all platform operators—including those represented by another operator—must file an annual XML
See More
France delays VAT exemption threshold cut to 2026 after consultations
The French government has postponed the planned reduction of the domestic VAT exemption threshold for small businesses until 2026, following public consultations. The Finance Law for 2025 had originally set the new threshold at EUR 25,000 from 1
See More
Cameroon ratifies income tax treaty with Czech Republic
Cameroon President Paul Biya has completed the ratification of an income tax treaty with the Czech Republic on 2 May 2025. Signed on 7 February 2023, it is the first agreement of its kind between the two nations. It aims to eliminate double
See More
Netherlands scraps plastic tax, considers higher waste tax
The Dutch government has reportedly scrapped its plans to introduce a polymer levy (polymerenheffing) or the plastic tax. Cancelling the tax will cause a EUR 567 million budget loss, which will likely be offset by raising the waste tax rate and
See More
Austria: Budget Accompanying Act 2025 awaits parliamentary approval, proposes amendments to VAT, income taxes amongst othersÂ
Austria’s Ministry of Finance (BMF) has released the draft Budget Accompanying Act 2025 (BBG 2025) on 2 May 2025. The Budget Accompanying Act 2025 is presently awaiting parliamentary approval. The proposed key tax measures include amendments to
See More