Switzerland schedules referendum for income tax treaties with Angola and Jordan
Switzerland has scheduled a referendum deadline of 10 July 2025 for its pending income tax treaties with Angola and Jordan. Earlier, Switzerland’s Parliament gave its final approval to the income tax treaty with Angola and Jordan on 21 March
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Switzerland plans referendum on proposed tax treaty changes with Germany
Switzerland has scheduled a referendum deadline of 10 July 2025 for the proposed protocol amending the 1971 income and capital tax treaty with Germany. Earlier, the Swiss parliament granted final approval to the amending protocol to the 1971
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Norway: Parliament approves new reporting rules for digital platforms
Norway’s parliament has approved the government proposal to introduce new reporting requirements for digital platforms on 4 April 2025. These proposals align with the OECD Model Rules for Reporting by Platform Operators and the Multilateral
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Germany, Switzerland renew changes to tax treaty arbitration agreement
The German Ministry of Finance announced a new agreement on 28 March 2025 with Switzerland that permanently extends the 2019 amendments to the 2016 mutual agreement concerning arbitration procedures under the 1971 tax treaty between the two
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France: Senate approves protocol to tax treaty with Switzerland
The French upper house of Parliament (Senate) approved a new law on 3 April 2025 to ratify a protocol that will update the existing tax treaty between France and Switzerland. This protocol, which was signed on 27 June 2023, is the fifth amendment
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Korea (Rep.), Andorra tax treaty enters into force
South Korea's Ministry of Foreign Affairs has announced that the income tax treaty with Andorra has entered into force on 1 April 2025. The withholding tax rate on dividends is 5% if the owner is a company that has held at least 10% of the
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Estonia ends tax treaty with Belarus
Estonia’s government submitted a draft law to terminate the 1997 tax treaty with Belarus on 24 March 2025. This follows after Belarus suspended key articles of the treaty, including dividends, interest, and capital gains, effective 1 June
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Netherlands: Council of Ministers approve tax treaty between Curacao and Cyprus
The Netherlands Council of Ministers has authorised the Minister of Foreign Affairs to sign an income tax treaty with Cyprus on behalf of Curacao on 4 April 2025. The DTA seeks to eliminate double taxation on income and prevent tax evasion or
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EU Commission unveils 2024 state aid scoreboard
The European Commission has published the 2024 State aid Scoreboard on 8 April 2025 providing a comprehensive overview of State aid expenditure in the EU in 2023. Notably, tax-related State aid emerged as the second most utilized instrument,
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Switzerland revises jurisdictions for CbC report exchange
Switzerland has updated its list of jurisdictions for exchanging Country-by-Country (CbC) reports. The latest version was published on 28 March 2025. The latest update adds three new jurisdictions to the list. The Dominican Republic and Vietnam
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Armenia President ratifies pending tax treaty with Hong Kong
Armenian President Vahagn Khachaturyan signed the law ratifying the income tax treaty with Hong Kong on 4 April 2025. This follows after Armenia’s parliament approved the ratification of an income tax treaty on 26 March 2025. Signed on 24
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Russia: FTS clarifies rules on reduced VAT rates and exemption criteria
The Federal Tax Service (FTS) of Russia has issued a reminder on the proper application of reduced VAT rates of 5% and 7%. This announcement was made by FTS on 17 March 2025. Organizations and entrepreneurs must apply these rates consecutively
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Russia: MoF clarifies corporate income tax exemptions for share redemptions and funds from companies
The Russian Ministry of Finance (MoF) has clarified the corporate income tax treatment for two scenarios in Guidance Letter No. 03-03-06/2/18948, issued on 17 March 2025. The first scenario involves share redemption in a foreign entity, while the
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UK: HMRC updates interest rates for late and early tax payments from April 2025
The UK’s tax, payments and customs authority (HMRC) has updated its guidance on interest rates for late and early tax payments on 27 March 2025. This rate was effective from 6 April 2025. The late payment interest rate will rise by 1.5
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Bosnia and Herzegovina: Republika Srpska Assembly extends deadline to write off interest on unpaid public revenues
The National Assembly of the Republic of Srpska, Bosnia and Herzegovina, extended the deadline for writing off default interest on unpaid public revenues on 26 March 2025. The new deadline to pay outstanding liabilities and claim the write-off is
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Norway will not implement Amount B but will accept it from other jurisdictions
The Norwegian Tax Administration published a release on 31 March 2025 outlining the implementation of Amount B, which aims to simplify transfer pricing rules under Pillar One. Norway’s Ministry of Finance has decided that amount B shall not be
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UK lists territories with qualifying IIR and DMTT under Pillar Two rules
The UK’s Pillar Two Multinational Top-up Tax (MTT) rules recognise certain foreign income inclusion rules (IIR) and domestic top-up taxes as "qualifying" if they align with OECD standards. To provide clarity, the government introduced regulations
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UK consults advance tax clearance service for large innovative investment projects, transfer pricing treatment of CCAs
The Chancellor of the Exchequer announced that the government launched a consultation on a proposed new service aimed at providing advance statutory certainty on the application of UK corporation tax rules for businesses undertaking the "very
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