Belgium: Coalition government plans tax reforms
Belgium’s five political parties agreed on a coalition government program on 31 January 2025, which outlines various tax reform measures. These reforms introduce tax measures to boost economic competitiveness by encouraging “green”
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Hungary raises VAT exemption limit to HUF 18 million for small businesses
Hungary’s tax authority has published guidance on increasing the VAT exemption threshold for small businesses from HUF 12 million to HUF 18 million. The increase was established by Government Decree No. 5/2025 and published in the Official
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Luxembourg shifts tax filing deadline to April for pre-filled returns
Luxembourg’s Administration des Contributions Directes (ACD) has moved the tax return submission date to 7 April 2025, replacing the previous first-Monday-in-February deadline. The new timeline aligns with employers’ early-year data
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Sweden suspends tax treaty with Russia
The Swedish government has decided to suspend the tax treaty 1993 income tax treaty with Russia. This means the tax treaty will no longer apply from 10 February 2025. This announcement was made by the Ministry of Finance on 30 January
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Lithuania proposes further VAT rule amendments for small businesses
The Ministry of Finance has made further amendments to the Law on Value Added Tax (VAT), refining previous proposals and enhancing alignment with EU Directive 2022/542 on 27 January 2025. The amendments include key updates such as the expansion
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Portugal announces 2024 FY municipal surcharge rates for corporations
The Portuguese Tax Authority has issued Circular Letter No. 20273/2025 on 22 January 2025, outlining the municipal surcharge rates for corporate tax in fiscal year 2024. The circular introduces several key provisions, including: Lower
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Hungary delays mandatory e-invoicing for energy sector to July 2025
Hungary’s government has amended Government Decree 273/2007 (X. 19.) and Government Decree 19/2009 (I. 30.), which delays the e-invoicing requirement for electricity and gas supplied to nonresidential customers. Electronic invoicing
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Netherlands advances with controversial savings, investment income tax reforms
The Netherlands Ministry of Finance has issued Letter No. 2025-0000021906 on 24 January 2025, informing both houses of parliament of its decision to move forward with a proposed overhaul of the taxation regime for savings and investment income,
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Slovak Republic: Parliament considers corporate tax rate cuts, extension of loss carryforward period
The Slovak Parliament is reviewing proposed bills to lower corporate tax rates and extension of the loss carryforward limit in the country. One of the draft bills advocate reducing the corporate tax rate to 16% from the standard rate of 21% and
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Germany: Local packaging tax upheld in Tübingen
Germany's Federal Constitutional Court rejected a constitutional complaint against Tübingen’s local packaging tax on 22 January 2025. Since 1 January 2022, Tübingen has imposed a tax on non-reusable packaging, dishware, and cutlery used for
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Italy ratifies tax treaty with Libya
Italy published Law No. 2 of 16 January 2025 in its Official Gazette on 24 January 2025, ratifying the income tax treaty with Libya. This follows after Italy’s Chamber of Deputies approved the law ratifying the income tax treaty with Libya on 8
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Andorra: Parliament approves tax treaty with Romania
Andorra’s General Council (parliament) approved the ratification of the income and capital tax treaty with Romania on 23 January 2025. The treaty set withholding tax rates for dividends at 0% to 5%, interest at 3%, and royalties at 5%. The
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Slovak Republic: Parliament considers restoring 20% VAT rate
The Slovak Parliament is reviewing four proposed amendments to the VAT Act. The first bill expands the 5% reduced VAT rate to include certain mixes and doughs for baked goods. The second bill extends the 5% rate to menstrual hygiene products like
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Italy announces qualified jurisdictions for supplementary, national minimum tax
Italy’s Ministry of Economy and Finance has published a list of jurisdictions, on 23 January 2024, that have enacted supplementary minimum tax and national minimum tax laws. These jurisdictions have obtained the transitional “qualified” status
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French updates notification form for CbC reporting, Pillar Two global minimum tax
The French tax authorities introduced a Form n°2065-INT-SD intended for entities subject to the French Pillar Two law on 24 January 2025. The form was previously used to submit the Country-by-Country (CbC) reporting notification alongside the
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Hungary to negotiate new tax treaty with US
Hungary’s Prime Minister Viktor Orbán has authorised negotiations for a new income tax treaty with the US. The new tax treaty between the two nations is aimed at avoiding and preventing double taxation in the field of income taxes. In July
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Andorra: Parliament approves tax treaty with Latvia
Andorra's General Council has approved the ratification of the income and capital tax treaty with Latvia on 23 January 2025. Earlier, Latvia has published the law approving the ratification of a new income and capital tax treaty with Andorra on
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Slovak Republic: Parliament approves bill revising motor vehicle taxes
The Slovak Republic’s Parliament has passed a legislation amending the motor vehicle tax law on 27 November 2024. The changes include reduced annual tax rates for vehicles exceeding 3.5 tons and a unified approach to adjusting tax rates based
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