European Commission opens consultation on EU capital markets barriers
The European Commission has launched a targeted consultation to identify key barriers, including tax issues, that hinder the integration of capital markets across the EU. The consultation is part of the European Commission's Savings and Investments
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Slovak Republic: Parliament approves draft to amend financial transaction tax
The Slovak Republic Parliament has accepted a draft bill to amend the Financial Transaction Tax (FTT) Act on 15 April 2025. The latest amendment focuses on expanding exemptions for individuals and entities. The proposed amendments seek to exempt
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Italy: Non-EU firms with tax representative must provide guarantee
Italy’s tax authorities issued implementation guidance (Regulation No. 178713/2025) on 15 April 2025, detailing the rules for the new guarantee required for certain nonresident entities registered for VAT in Italy through an Italian VAT
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Liechtenstein: Government approves tax treaty with Ireland
The Liechtenstein government has approved the ratification of the income and capital tax treaty with Ireland on 15 April 2025. Earlier, the Liechtenstein government issued a release announcing that Prime Minister Daniel Risch and Ambassador Aoife
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Liechtenstein: Government approves tax treaty with Croatia
The Liechtenstein government approved the ratification of the income and capital tax treaty with Croatia on 15 April 2025. The agreement aims to eliminate double taxation between the two countries. The treaty adheres to standards set by the OECD
See MoreIran, Slovak Republic sign protocol amending income tax treaty
Iran and the Slovak Republic have signed a protocol amending the 2016 Iran-Slovak Republic income tax treaty on 9 April 2025. The income tax treaty between Iran and the Slovak Republic was signed on 19 January 2016, in Tehran. This treaty aims to
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Romania: Government approves tax treaty with Andorra
Romania’s government approved the ratification of the income and capital tax treaty with Andorra on 16 April 2025. Signed on 27 September 2024, it is the first treaty between the two countries, and aims to prevent double taxation and combat
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Belgium and Netherlands sign BEPS MLI arbitration agreement
The Netherlands published in the Official Gazette the Competent Authority Mutual Agreement with Belgium on 17 April 2025 on the application of the arbitration process outlined in Part VI of the Multilateral Convention to Implement Tax Treaty
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Germany and Netherlands sign protocol to amend tax treaty
The Netherlands and Germany signed a protocol amending their 2012 tax treaty on 14 April 2025. This announcement was made by The Central Government of Netherlands on the same day. The protocol introduces a provision for cross-border workers,
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Sweden: Tax Agency proposes national e-invoicing rules
The Swedish Tax Agency has announced that it prevented incorrect VAT payments amounting to SEK 534 million in 2024 as part of its ongoing measures to combat VAT fraud. This announcement was made by the Swedish Tax Agency on 14 April 2025. The
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Ireland: Revenue issues guidance on general anti-avoidance rule and protective notifications
Irish Revenue has published eBrief No. 085/25 on 16 April 2025, introducing a new Tax and Duty Manual Part 33-02-03, which offers guidance on the general anti-avoidance rule and the use of protective notifications. This manual provides guidance
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France: Tax Authority issues guidance on new capital reduction tax for share buybacks
The French Tax Authority issued guidance on the declaration and payment procedures for the new tax on capital reductions involving share buybacks by certain companies on 11 April 2025. The tax must be reported and paid alongside the taxpayer’s
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Romania consults on draft legislation to ratify Pillar Two STTR instrument
Romania’s government has initiated a public consultation on a draft law to ratify the Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI). In September 2023, the OECD/G20 Inclusive Framework
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Cyprus issues VAT rules for unredeemed expired vouchers
The Cyprus tax department issued Circular 3/2025 on 8 April 2025 to clarify value added tax (VAT) rules for unredeemed expired vouchers. The Circular focuses on single-purpose and multi-purpose vouchers. Single-purpose vouchers: VAT on
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Poland: Delay proposed for parts of mandatory e-invoicing system (KSeF)
Poland’s Ministry of Finance has proposed a legislation on 12 April 2025 to delay the ban on using cash register invoices and Polish tax identification number (NIP-bearing receipts) as simplified invoices. The proposed law also calls for the
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Greece enacts crypto tax, debt settlement reforms
The Greece's Ministry of Finance enacted Law (A 56/2025) introducing various tax and financial measures on 11 April 2025. These include rules on carried-forward losses in mergers, taxation of crypto assets, out-of-court debt settlement procedures,
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Albania: Council of Ministers approve draft tax treaty with Lithuania
Albania's Council of Ministers approved the signing of a draft income tax treaty with Lithuania on 9 April 2025. This announcement was made by The Albanian Telegraphic Agency (ATA) on the same day. The deal aims to prevent tax evasion through
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Finland consults on ending power tax incentives for data centres and mines
Finland’s Ministry of Finance has launched a public consultation on a proposal on 10 April 2025 regarding abolishing the tax relief for electricity used by data centres and mines in Finland. The proposal seeks to support the government's
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