Switzerland: National Council approves CARF MCAA, Addendum to CRS MCAA
National Council approves CARF MCAA and CRS MCAA Addendum for enhanced tax information exchange. Switzerland’s National Council (Nationalrat) approved the Multilateral Competent Authority Agreement under the Crypto-Asset Reporting Framework
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Canada, Ukraine sign agreement on mutual administrative assistance in customs matters
This agreement aims to address customs violations amid growing bilateral trade between the two countries. Canada and Ukraine signed an agreement on mutual administrative assistance in customs matters on 24 August 2025. The signing took place
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UK: Treasury consults on draft amendments to money laundering regulations
The deadline for sending feedback is 30 September 2025. The UK Treasury launched a consultation on 2 September 2025 on the draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations SI 2025. Feedback is
See MoreSwitzerland signs up for GIR MCAA
Switzerland signed the GIR MCAA, joining 15 other jurisdictions to facilitate standardised GloBE information exchange for MNE Groups. According to an OECD update released on 4 September 2025, Switzerland signed the Multilateral Competent
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Romania: Chamber of Deputies approves tax treaty with Andorra
The tax treaty is between the two jurisdictions, aiming to prevent double taxation and combat tax evasion between Romania and Andorra. Romania’s Chamber of Deputies (lower house of parliament) has approved its first income and capital tax
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Ecuador updates dividend tax rules and NPO reporting requirements
Ecuador revises dividend taxes and non-profit reporting rules, effective 22 August 2025. Ecuador has introduced new rules on dividend taxation and non-profit organizations, effective 22 August 2025. The law applies to income accrued from 1
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UK: Budget scheduled for 26 November 2025
UK’s Chancellor sets Budget for 26 November, highlighting key economic and social measures. Today, Wednesday 3 September, UK Chancellor Rachel Reeves confirmed that the Budget will be presented on Wednesday, 26 November. In a video message,
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Netherlands: Council of Ministers approves tax treaty between Curacao and Suriname
The treaty will be submitted to the Dutch parliament (Staten-Generaal) and the parliament of Curacao for approval. The Netherlands Council of Ministers has approved the 2024 Curacao-Suriname Income and Capital Tax Treaty on 29 August
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Netherlands: Council of Ministers approves tax treaty between Curacao and Cyprus
The treaty seeks to eliminate double taxation and prevent tax evasion in cross-border transactions involving taxpayers from the Netherlands, Curacao, and Cyprus. The Netherlands Council of Ministers approved the first-ever income tax treaty
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Denmark announces 2026 Finance Bill, proposes reduced electricity and excise tax reliefs
The 2026 Finance Bill includes an electricity tax cut, excise duty removal on food products, VAT abolition on books, and tax adjustments for rural properties. Denmark’s government presented the 2026 Finance Bill on 29 August 2025, proposing tax
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UK: HMRC updates guidance on Pillar 2 top-up taxes reporting, registration
HMRC has refreshed its guidance on registering and reporting Pillar 2 Top-up Taxes, clarifying who can file, what information is needed, and when returns are due. UK HMRC updated their guidelines on “How to report Pillar 2 Top-up Taxes” and
See MoreSwitzerland clarifies application of hybrid arbitrage arrangements under transitional CbCR Safe Harbour
SFTA confirmed that OECD guidance on hybrid arbitrage arrangements under the transitional CbCR safe harbour applies in Switzerland only to transactions entered into after 18 December 2023. The Swiss Federal Tax Administration (SFTA) has issued
See MoreUK considers replacing stamp duty with new property tax
UK Treasury considers replacing stamp duty with a new levy on homes over GBP 500,000, aiming for more stable revenue from fewer transactions. The UK Treasury is reportedly considering a major shift in property taxation, exploring the replacement
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Paraguay, UK negotiate to advance income tax treaty
Paraguay and the UK met to advance an income tax treaty and strengthen economic cooperation. Officials from Paraguay and the UK met on 12 August 2025 to discuss a broad agenda of bilateral issues, with particular attention on advancing an income
See MoreAndorra ratifies income and capital tax treaty with UK
Andorra has officially ratified its income and capital tax treaty with the UK, following approval by its General Council. Andorra published a notice in its Official Gazette on 13 August 2025 confirming the ratification of the income and capital
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Norway intensifies VAT audits and enforcement for online businesses
Norway’s tax authorities' audits of 150 foreign digital service providers recovered nearly NOK 4.9 billion in VAT, penalties, and post-registration filings between 2016 and 2025. Norway’s tax administration (Skatteetaten), in a press
See MoreUK: HMRC announces reduced late payment, repayment interest rates
HMRC announced revised interest rates on late and early tax payments, effective 27 August 2025. HMRC published updated interest rates for late and early payments on 8 August 2025, following the Bank of England’s 7 August decision to lower the
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Bahrain, Russia sign mutual customs assistance agreement
The customs cooperation agreement is aimed at enhancing trade facilitation and border security between the two countries. Bahrain and Russia signed an agreement on mutual administrative assistance in customs matters on 18 June 2025. The
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