Denmark: Business Authority delays OIOUBL 3 e-invoicing release to October 2025
The Danish Business Authority has announced that the release of the updated version of the Danish e-invoicing format, OIOUBL 3.0, will be delayed. The new release is now expected to be available in October 2025. The final release of the OIOUBL
See More
Germany introduces revised rules for interest deduction limitations
The German Ministry of Finance has released updated guidelines on the interest deduction limits, known as the "interest barrier." on 24 March 2025. These changes follow amendments made by the Secondary Credit Market Promotion Act to Sections 4h
See MoreDenmark extends digital bookkeeping to more businesses starting March 2025
Denmark introduced executive orders BEK no. 297 and BEK no. 303 on 20 March 2025, extending the digital bookkeeping obligation to more businesses. The new rules apply to: Sole proprietorships with an annual turnover over DKK 300,000 for
See More
Finland seeks public input on interest deductions
Finland's Ministry of Finance has initiated public consultation on two proposed tax reforms on 27 March 2025. Interest exemption for infrastructure projects The Business Tax Act limits the ability to deduct interest for tax purposes, which
See More
Switzerland: Parliament approves amending protocol to tax treaty with Germany
The Swiss parliament granted final approval to the amending protocol to the 1971 income and capital tax treaty with Germany on 21 March 2025. The protocol complies with BEPS standards and introduces additional provisions to clarify how national
See More
Luxembourg unveils action plan to boost start-ups
The Luxembourg Minister of the Economy, SMEs, Energy and Tourism, Lex Delles, and the Minister of Finance, Gilles Roth, jointly presented an action plan entitled "10 Action Points for Start-ups". This announcement was made by the Government
See MoreGermany updates guidance on VAT rules for small businesses
The German Ministry of Finance has updated its guidance on special VAT rules for small businesses on 18 March 2025. These changes follow the approval, in December 2024, of the increase in VAT exemption thresholds to take effect from 1 January
See More
Bulgaria: Parliament approves lower VAT registration threshold starting April 2025
Bulgaria's parliament passed the State Budget Bill for the year on 21 March 2025 which includes amendments to the Value Added Tax (VAT) Act. The amendments lower the mandatory VAT registration threshold from the current BGN 166,000 to BGN
See More
Norway signs renegotiated agreement with the EU to combat international VAT fraud
Norway's Ambassador to the EU, Anders H. Eide, signed a renegotiated agreement with the EU on administrative cooperation in VAT on 2 October 2024. The agreement aims to combat international VAT fraud. The full announcement was published on 21
See More
Bulgaria: Parliament adopts 2025 state budget
Bulgaria’s National Assembly has adopted the draft law on the state budget for 2025 at its second reading on 21 March 2025. The 2025 budget proposes no tax increases and projects a deficit of 3% of the gross domestic product (GDP). It forecasts
See More
EU approves proposal to delay certain corporate sustainability reporting, due diligence requirements
The EU Member states' representatives (Coreper) have approved the EU Council's position (“negotiating mandate”) on one of the Commission's proposals to simplify EU rules and thus boost EU competitiveness on 26 March 2025. This proposal (the
See More
Belgium: B2B e-invoicing mandate excludes non-established entities
Belgium’s government confirmed on its official e-invoicing page on 19 March 2024 that non-established VAT-registered entities in Belgium are excluded from the e-invoicing mandate. However, the legislation has yet to be amended to include this
See More
EU approves Estonia’s special VAT measure on passenger cars
The EU has published Council Implementing Decision 2025/539 (the Decision) on 21 March 2025, which allows Estonia to continue applying a special VAT measure, deviating from parts of the VAT Directive (2006/112). Under the Decision, Estonia can
See More
Sweden clarifies scope of MFN clause in tax treaty with South Africa
The Swedish Tax Agency released updated guidance on the application of the Most-Favoured-Nation (MFN) clause in the 1995 tax treaty with South Africa on 18 March 2025. According to updated guidance, The Swedish Tax Agency has stated that the MFN
See MoreEU postpones response to US tariffs until mid-April 2025
EU Commissioner-Designate Maros Sefcovic announced, on 20 March 2025, to the Committee on International Trade that the EU's countermeasures against the US, in response to President Donald Trump's metals tariffs, will be postponed. The
See More
Sweden: MoF proposes reducing renewable energy tax subsidies
The Swedish Ministry of Finance has proposed reducing subsidies for solar panel installations as part of a broader plan to gradually phasing out support for micro production of renewable energy on 18 March 2025. The proposal, introduced under the
See MoreSweden considers further amendments to Pillar Two legislation
The Swedish Ministry of Finance released a memorandum proposing additional changes to the country's Pillar Two tax rules under the Additional Tax Act (2023:875) on 20 March 2025. These amendments aim to align Sweden’s legislation with the latest
See More
Netherlands: Government presents draft law on box 3 wealth tax rebuttal provision to parliament
The Dutch government has submitted a draft legislation on the “rebuttal provision” for the revised “Box 3” (wealth tax) regime to the lower house of Parliament on 13 March 2025. The bill outlines how taxpayers can effectively prove that
See More