Iraq: Council of Ministers terminate tax treaty negotiations with Croatia
Iraq’s Council of Ministers revoked its authorisation for tax treaty negotiations with Croatia on 1 October 2024. This decision nullifies earlier approvals granted under Decision No. 103 of 2023 and No. 23396 of 2023, which allowed the drafting
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France: Finance Bill 2025 proposes new corporate and personal income tax regime
The French government presented the Finance Bill 2025 during a press conference in Paris on Thursday, 10 October 2024, with the goal of reducing the deficit from 6.1% of GDP this year to 5% next year. To achieve this, the government plans to
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Finland consults TV Tax, VAT on broadcasting services, increases VAT rate on broadcasting from 10% to 14%
Finland’s Ministry of Finance initiated a public consultation on 4 October 2024 on a draft proposal to revise the TV Tax for individuals and businesses and to adjust the VAT on public broadcasting services. The consultation is set to conclude
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Slovak Republic to amend anti-money laundering law
The Slovak Republic Parliament agreed to review the government's proposed draft bill, which seeks to amend the Anti-Money Laundering (AML) Law, on 4 October 2024. These amendments aim to address the European Commission's concerns regarding the
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Hungary, Serbia sign amending protocol to tax treaty
Hungarian and Serbian have signed an amending protocol to their income and capital tax treaty on 8 October 2024 in Budapest, as reported in a release from the Serbian Ministry of Finance on the same day. The protocol was signed by Norbert Izer,
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Slovak Republic gazettes bill to tax sugary beverages
The Slovak Republic gazetted a new bill, “Act on Tax”, which imposes a sugar tax on sweetened soft drinks. The bill will take effect on 1 January 2025. The Slovak President signed the bill on 20 September 2024, and it was officially
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EU publishes its stance on Terms of Reference for a United Nations Framework Convention on International Tax Cooperation
The Council of the European Union has declared its Position of the European Union and its Member States on the draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation. This follows after they abstained
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Ireland publishes updated Tax and Duty Manual, bank levy remains unchanged
Irish Revenue has released an updated Tax and Duty Manual concerning an additional levy on specific financial institutions on 7 October 2024, clarifying that the rate of bank levy to be applied for the year 2024 will remain at 0.112% as legislated
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European Commission releases revised list of non-cooperative tax jurisdictions, removes Antigua and Barbuda
The European Commission (EC) announced that European Union (EU) member states have updated the list of non-cooperative tax jurisdictions. The update confirmed that Antigua and Barbuda have been removed from Annex I (the blacklist), while Armenia and
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Iraq to negotiate income and capital tax treaty with Bulgaria
The Iraqi Council of Ministers approved the negotiation and signing of an income and capital tax treaty with Bulgaria on 1 October 2024. The council has authorised the Director General of the General Commission for Taxes to initiate discussions
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Poland to raise excise duty on tobacco products
Poland’s Council of Ministers approved a bill to raise excise duty rates on tobacco products on 1 October 2024. The tobacco products that are subject to increased excise duty include cigars, novelty tobacco products, raw tobacco, and electronic
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Italy clarifies DAC7 platform and seller definitions
Italy’s tax authorities issued Law Principle No. 3/2024, on 3 October 2024, clarifying the definitions of "platform" and "seller" to enforce the data reporting obligations for qualifying platform operators, as established by Legislative Decree No.
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Croatia consults amendments to General Tax Act: Shareholders to be considered as guarantors for failing to file
Croatia’s government has published proposed amendments to the General Tax Act and launched a public consultation. The consultation is set to conclude on 24 October 2024. Once enacted, the amendment will take effect on 1 January
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Czech Republic ratifies tax treaty with Montenegro
Czech Republic’s President Petr Pavel enacted the law ratifying the pending income tax treaty with Montenegro on 1 October 2024. The treaty was signed by the two nations on 20 February 2024, aimed at preventing double taxation of income and
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Slovak Republic: Parliament rejects plan to shorten property capital gains tax exemption to three years
The Slovak Republic parliament rejected a draft bill that proposed income tax exemptions on capital gains from the sale of immovable property for individuals and a suggestion to reduce the minimum holding period to three years. Earlier, on 16
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Slovak Republic: New bill redefines virtual currencies
The Slovak Republic has enacted a bill to align the Slovak legislation as per the Markets in Crypto-Assets (MiCA) Regulation (2023/1114). The bill pertains to certain obligations and authorisations in the field of crypto active and amending
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Moldova approves tax treaty protocol with Luxembourg
According to information published on its website, the Moldovan government approved the amending protocol to the Luxembourg-Moldova Income and Capital Tax Treaty (2007) on 2 October 2024. The protocol was signed 25 June 2024 in Luxembourg. It is
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Ireland enacts double taxation relief order, ratifying protocol with Jersey
Ireland has officially enacted the Double Taxation Relief (Taxes on Income) (Jersey) Order 2024, paving the way for the ratification of a protocol to its 2009 tax treaty with Jersey. This protocol, signed on 23 November 2023, represents the first
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