Netherlands gazettes 2025 year-end decree, revises minimum tax rules
The Netherlands has gazetted the End-of-year Decree 2025 on 23 December 2025, introducing a series of primarily technical amendments to several tax implementation decrees, mainly stemming from the 2026 Tax Plan and the 2026 Tax Collection
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Portugal gazettes 2026 state budget law, updates income tax brackets
Portugal has gazetted the State Budget Law for 2026 (Law No. 73-A/2025) on 30 December 2025, introducing a series of fiscal recalibrations aimed at balancing social relief with targeted economic incentives. While maintaining several extraordinary
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Germany gazettesTax Amendment Act 2025, introduces individual tax relief, VAT cuts
Germany’s Tax Amendment Act 2025 was officially published in the Government Gazette on 23 December 2025, providing tax relief measures for individuals and other technical amendments to various tax laws. Income tax: Increase in commuter
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France gazettes special budget law for 2026, ensures uninterrupted functioning of government operations
France’s government has published Law No. 2025-1316 of 26 December 2025 in the Official Gazette on 27 December 2025, authorising the State to continue collecting existing taxes to ensure the uninterrupted functioning of government operations until
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Portugal extends deadline for Global Minimum Tax filing
Portugal has extended the deadline for submitting the Registration Declaration (Modelo 62) under the Global Minimum Tax (GMT) regime. The extension is outlined in Order No. 158/2025 - XXV of 12 December 2025. The extension applies to entities
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Belgium updates transfer pricing documentation rules
Belgium published the Royal Decree of 7 December 2025 in the Official Gazette on 19 December 2025, which repeals the previous Royal Decree of 16 June 2024 concerning transfer pricing documentation. Under the new decree, taxpayers are no longer
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Germany, Netherlands tax treaty protocol enters into force
The amending protocol to the 2012 tax treaty between Germany and the Netherlands will enter into force on 31 December 2025. The Netherlands and Germany signed the protocol on 14 April 2025. It will take effect starting 1 January 2026. The
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Azerbaijan releases consolidated text of tax treaty with Belgium under BEPS MLI
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Belgium reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
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Azerbaijan releases consolidated text of tax treaty with Austria under BEPS MLI
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Austria reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
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Italy gazettes decree transposing DAC8 crypto-asset reporting, exchange of data
Italy has published Legislative Decree No. 194/2025 in the Official Gazette No. 296 of 22 December 2025, which implements the Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226) (DAC8). The measure implements the
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Lithuania: VMI updates VAT guidance for financial services ahead of 2026 changes
Lithuania’s State Tax Inspectorate (VMI) has issued updated guidance on Article 28 of the Law on VAT, clarifying the application of VAT exemptions for financial services. The revisions introduce a new “technical/administrative services”
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Italy announces statutory interest rate for 2026
Italy has published the Decree of 10 December 2025 in the Official Gazette, which sets a 1.6% statutory (legal) interest rate (down from 2.0%) with effect from 1 January 2026. The statutory interest rate applies to the taxation of interest income
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Belgium: Parliament passes tax bill on withholding refunds, bank taxes
Belgium’s parliament passed legislation on 18 December 2025, proposed by multiple Members of Parliament, to introduce changes to the refund of withholding tax and to raise the tax on credit institutions. The legislation aims to update the 1992
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China imposes tariffs on EU dairy imports, heightens trade tensions
China will impose provisional duties ranging from 21.9% to 42.7% on dairy products imported from the European Union, with most exporters facing rates just under 30%. The measures, effective from 23 December 2025, apply to products such as
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Germany: Bundesrat approves Pillar 2 tax amendments, DAC 9 information exchange
Germany ’s Federal Council (Bundesrat) approved a bill (Gesetz zur Anpassung des Mindeststeuergesetzes und zur Umsetzung weiterer Maßnahmen) on 19 December 2025 amending the country’s Pillar 2 minimum taxation framework. The bill updates the
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Austria: Federal Council approves DAC8 implementation bill for crypto-asset reporting
Austria’s Federal Council (Bundesrat) approved a bill on 18 December 2025 implementing Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226) (DAC8). DAC 8 introduces the automatic sharing of information on
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Germany: Bundesrat approves minimum tax reporting, information exchange
Germany’s Federal Council (Bundesrat) approved a regulation implementing the country’s minimum taxation law on 19 December 2025. The rule applies to multinational enterprise groups that report effective tax rates across jurisdictions under
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Sweden signs GloBE information exchange agreement
Sweden officially signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 4 November 2025, bringing the total number of signatory jurisdictions to 23. The agreement is part of Pillar 2 of the
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