Belarus updates tax guidance for foreign permanent establishments
The Belarus Ministry of Taxes and Duties has published Letter No. 4-2-21/01461 of 18 April 2025 on taxing foreign organisations operating in Belarus through a permanent establishment. The letter replaces Letter No. 4-2-21/00850 of 20 March 2024, and
See More
UK expands list of tax-exempt government bonds
The UK Treasury published Order SI 2025/553 on 6 May 2025, adding more government bonds, also called "gilt-edged securities", to the list of investments exempt from capital gains tax and corporate tax. In the UK, government bonds are referred to
See More
EU considers EUR 95 billion in tariffs on US if negotiations fail, targets industrial goods
The European Union is considering imposing EUR 95 billion (USD 108 billion) in tariffs on US exports if no progress is made during trade talks with the Trump administration. The proposed retaliatory measures mainly target industrial goods like
See More
Russia suspends late filing VAT return filing penalties for business using simplified tax regime
Russia, on 25 April 2025, temporarily suspended penalties for late VAT return submissions in 2025 for businesses using the simplified tax regime who, from 2025, are required to calculate and pay VAT. Taxpayers using the simplified taxation system
See More
Croatia government approves tax treaty ratification with Liechtenstein
Croatia’s government has approved the draft law for the ratification of the income and capital tax treaty with Liechtenstein on 2 May 2025. Signed on 22 January 2025, it is the first income tax treaty between the two countries. The agreement
See More
Ukraine: Government approves draft law on international exchange of information for income earned via digital platforms
The Ukrainian government approved a draft law introducing new rules for reporting and exchanging information on income earned through digital platforms on 29 April 2025. The proposed measures align with the OECD Model Rules and the EU’s DAC7
See More
New Zealand and the UK resume tax agreement negotiations
New Zealand and the UK resumed negotiations in March 2025 to finalise a new Double Tax Agreement (DTA) aimed at addressing income and capital gains tax matters. The objective is to replace the existing DTA, which was signed in 1983, with an
See MoreEU: EEA aims for Sustainable Europe by 2050 with green tax reforms
The European Environment Agency (EEA) has released a report titled "[Imagining a sustainable Europe in 2050: Exploring implications for core production and consumption systems” on 10 April 2025. This report analyses how Europe's food, mobility,
See More
Malaysia ratifies new income tax treaty with Russia
Malaysia has completed the ratification of the new 2024 Malaysia - Russia Income Tax Treaty (2024) through the publication of the Double Taxation Relief (The Government of The Russian Federation) Order 2025 in the Official Gazette PU (A) 112 of 28
See More
UK: HMRC unveils vaping stamps, tax overhaul
The UK’s Treasury and HM Revenue and Customs (HMRC) published responses to consultations on various tax and customs matters on 28 April 2025. These include a new duty stamps scheme for vaping products, changes to customs procedures for postal
See More
UK: HMRC launches consultation on changes to soft drinks levy, landfill tax, stamp duty, and other fiscal measures
The UK Treasury and His Majesty's Revenue and Customs (HMRC) have launched a series of public consultations on proposed changes to a range of taxes. These include the soft drinks industry levy, landfill tax, stamp duties, and gambling duty, along
See More
Switzerland consults on new OECD Pillar 2 reporting rules
Switzerland’s Federal Council has launched a public consultation on amendments to the Minimum Taxation Ordinance (MTO), introducing new reporting requirements for multinational companies under the OECD’s Pillar 2 rules. The announcement was
See More
UK: HMRC consults transfer pricing framework, permanent establishment rules, diverted profits tax
The UK’s tax authority, His Majesty’s Revenue and Customs (HMRC) has launched consultations seeking public input on potential updates to the UK’s transfer pricing framework, permanent establishment rules and the diverted profits tax on 28
See MoreUK: HMRC issues new VAT grouping guidance for care sector to combat tax avoidance
The UK tax authority, His Majesty's Revenue and Customs (HMRC) has issued new guidance on VAT grouping in the care sector to curb tax avoidance. Published in Revenue and Customs Brief 2 (2025) on 24 April 2025, the update clarifies HMRC’s stance
See MoreUK: HMRC launches consultation to improve dispute resolution process
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) launched a public consultation on 28 April 2025 to update and improve its dispute resolution process. The initiative seeks to support taxpayers in recognising and using the most
See MoreRussia: FTS confirms VAT on leased crypto mining equipment is non-deductible
Russia’s Federal Tax Service (FTS) clarified that VAT on leased crypto mining equipment is not deductible on 9 April 2025. The tax authority explained that since digital currency mining is not a VAT-taxable activity, input VAT included in lease
See MoreRussia proposes 10% windfall tax on large profits for 2024–2025
The Russian State Duma is reviewing a draft law that would impose a windfall tax on banks and major energy companies, including those involved in hydrocarbon extraction, petroleum refining, and the production and export of liquefied natural gas
See MoreEU Parliament tax panel debates green shift, competitiveness and simplification
The European Parliament's Subcommittee on Tax Matters (FISC) organised a public hearing on "The role of tax in aligning the green transition and competitiveness" On 24 April 2025. At the hearing, experts were questioned on the role that tax
See More