Germany: Federal Council approves Non-Cooperative Tax Jurisdictions List
The German Federal Council (Bundesrat) approved an updated decree listing states and territories considered non-cooperative in addressing tax avoidance and unfair tax competition on 20 December 2024. The list aligns with the one published in the
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Luxembourg announces 2025 property, business tax multipliers
Luxembourg's Tax Administration announced the rate multipliers for property tax and municipal business tax for the 2025 financial year. The Grand Ducal Decree confirms that Luxembourg City remains one of the most competitive municipalities,
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Lithuania updates CbC reporting rules for MNEs
Lithuania’s tax authority has revised its Country-by-Country (CbC) reporting requirements for multinational enterprises (MNEs), effective from 21 November 2024. All notifications must now be submitted electronically via the "Mano VMI"
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Greece updates 2023 non-cooperative jurisdictions list
The Greek Public Revenue Authority has updated the list of non-cooperative states and jurisdictions for 2023 which includes 41 countries and territories. This decision was finalised on 31 December 2024. Key changes from the 2022 list include the
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France announces 2025 companies affected by financial transactions tax on securities
France has released a list of French companies on 23 December 2024 with a market capitalisation exceeding EUR 1 billion as of 1 December 2024 for the purpose of the French financial transactions tax, imposed at a rate of 0.3% on the purchase of
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France updates guidelines on royalties declaration under DAC7
French tax authorities clarified that companies managing copyright royalties and inventor rights require companies to include the beneficiary's date of birth in declarations when the recipient is an individual residing in another EU Member State.
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Thailand approves tax treaties with Netherlands, Norway
The Thai Cabinet approved the signing of tax treaties between the Netherlands and Norway on 24 December 2024. The new treaties will supersede the 1975 tax treaty with the Netherlands and the 2003 tax treaty with Norway. The purpose behind the new
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Portugal gazettes Budget Law for 2025, reduces corporate tax rate
Portugal’s Official Gazette published Law No. 45-A/2023 on 31 December 2024, which approves the Budget for 2025. Effective from 1 January 2025, the standard corporate tax rate decreased from 21% to 20%, and reduced the rate for SMEs on the first
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Irish Revenue updated guidance on Finance Act 2024
Irish Revenue updated eBriefs in accordance with amendments introduced by the Finance Act 2024 (Act No. 43 of 2024) which entered into force on 1 January 2025. Tax and Duty Manual Part 15-01-48 - Sea-Going Naval Personnel Tax Credit - has been
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Germany suspends DTA with Belarus
The German Federal Government notified the Republic of Belarus on 30 December 2024, that the agreement between the Federal Republic of Germany and the Republic of Belarus on the avoidance of double taxation concerning income and wealth taxes, dated
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Latvia gazettes VAT law amendments to support small businesses
Latvia has gazetted amendments to the Value Added Tax (VAT) Law implementing EU directives to support small businesses on 28 December 2024. The Law was passed by the parliament on 12 December 2024. These changes went into effect on 1 January
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Denmark, Greenland: Amending protocol to tax treaty enters into force
The amending protocol to the 1979 income and capital tax treaty between Denmark and Greenland came into force on 19 December 2024. The new protocol incorporates the DBO of the OECD’s BEPS minimum standards (Base Erosion and Profit Shifting),
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Netherlands updates tax penalty rules
The Netherlands State Secretary for Finance has published Decree No. 2024-15074 of 18 December 2024 in the Official Gazette on 31 December 2024, outlining various tax penalties which include several penalty increases effective from 1 January
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Poland sets base and margin rates for transfer pricing
Poland has published Notice No. 1105 in the Official Gazette on 21 December 2024, setting the base interest rates and margin interest rates for transfer pricing in individual and corporate income taxes. The regulation establishes base interest
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Germany: Federal Council approves revised Bill for tax law advancements, income tax adjustments
The German Federal Council (Bundesrat) approved the updated version of the bill aimed at further developing tax law and adjusting the income tax brackets on 20 December 2024. It will enter into force after publication in the Official Gazette. The
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Ireland: Revenue issues guidance on new VAT scheme for SMEs
Irish Revenue issued eBrief No. 315/24 on 13 December 2024 which outlines the European Union (EU) Value Added Tax (VAT) scheme for small and medium-sized enterprises (SMEs) effective from 1 January 2025. Currently, Member States can set their
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Italy issues decree on Pillar Two rules, deferred tax attributes on transition
Italy’s Ministry of Economy and Finance has published the Ministerial Decree of 20 December 2024 in the Official Gazette No. 304 of 30 December 2024. The Decree outlines additional implementation rules for the top-up tax introduced under
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Lithuania gazettes 2025-27 budget, increases tax-exempt income threshold
Lithuania has published its budget plan for the three-year period from 2025 to 2027 in the official gazette on 19 December 2024. Key changes include an increase in the tax-exempt income threshold for 2025. Even though the budget for the next
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