UK: HMRC publishes guidance on mandatory registration under CRS, FATCA
HMRC requires reporting financial institutions and trustee-documented trusts to register under CRS and FATCA by 31 December 2025, with CRS 2.0 updates affecting certain entities from 2026. UK’S HMRC has released guidance in its International
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Croatia: MoF consults ratification of tax treaty protocol with Switzerland
The deadline for submitting comments is 30 September 2025. Croatia’s Ministry of Finance has initiated a public consultation on 16 September 2025, on the ratification of the amending protocol to its 1999 income and capital tax treaty with
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Italy: Chamber of Deputies approves income tax treaty with Kosovo
The agreement aims to eliminate double taxation on income and prevent tax evasion and avoidance between the two countries. Italy’s Chamber of Deputies (lower house) has approved the ratification of its income tax treaty with Kosovo on 8
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Romania: Senate approves new tax treaty with UK
Once in force, the treaty will replace the existing Romania–United Kingdom Income Tax Treaty of 1975. The Romanian Senate approved the new tax treaty with the UK on 29 September 2025. The new agreement, signed on 13 November 2024, aims to
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Armenia: President ratifies tax treaty with Japan
Once effective, it will replace the USSR–Japan Income Tax Treaty (1986) in relations between Armenia and Japan. On 3 October 2025, the President of Armenia, Vahagn Khachaturyan, signed a law ratifying the 2024 tax treaty with Japan. The
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Latvia, Liechtenstein sign tax treaty
The new agreement aligns with the latest international standards, reflecting the OECD/G20 Base Erosion and Profit Shifting (BEPS) recommendations. Latvia and Liechtenstein signed an income and capital tax treaty on the sidelines of the seventh
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Romania: Senate approves tax treaty with Andorra
The agreement was signed on 27 September 2024 and seeks to eliminate double taxation and prevent fiscal evasion between the two nations. The Romanian Senate approved the 2024 income and capital tax treaty with Andorra on 29 September 2025. The
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Russia: SMEs in the hotel industry to receive over RUB 85 billion in government support until 2030
Russia plans to channel over RUB 85 billion to nearly 2,500 hotel SMEs by 2030 through the National Guarantee System, boosting tourism infrastructure and supporting new and existing hotels. The Russian government plans to channel more than RUB 85
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UK: HMRC releases latest R&D tax credit data
HMRC reports GBP 7.6bn in R&D tax relief for 2023–24, with SME claims down and RDEC claims up. The UK’s HM Revenue and Customs (HMRC) published the latest update in its yearly series on research and development (R&D) activities on 30
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Iceland consults on changes to innovation tax credit law
The consultation ends on 13 October 2025. The Icelandic Minister of Finance and Economic Affairs launched a public consultation on proposed amendments to Law No. 152/2009, which governs tax credit support for innovative companies. The
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UK: HMRC introduces tool to determine qualifying R&D activities for tax relief
The tool is designed to check R&D tax relief for eligible projects. The UK’s HM Revenue and Customs (HMRC) issued guidance on 30 September 2025 introducing an online tool designed to help taxpayers assess whether a project contains
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OECD: Finland, Liechtenstein, and Norway join GIR MCAA
In total, 20 countries have signed the agreement as of 30 September 2025. According to an OECD update on 30 September 2025, Finland, Liechtenstein, and Norway have signed the Multilateral Competent Authority Agreement on the Exchange of GloBE
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Bahrain, Iceland join Vienna treaty convention
Bahrain and Iceland joined the 1969 Vienna Convention in September 2025. Bahrain and Iceland have formally joined the 1969 Vienna Convention on the Law of Treaties. The countries deposited their instruments of accession on 24 and 25 September
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Italy: Senate ratifies telework protocol to 2020 agreement with Switzerland
The approved protocol with Switzerland permanently allows cross-border workers to telework up to 25% of their hours, replacing the temporary 2024 arrangement under the 2020 agreement with Italy. Italy’s Senate has approved the ratification of
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EU Council streamlines carbon border adjustment mechanism, exempts small importers
The regulation aims to simplify the CBAM and lower compliance costs, particularly easing the regulatory burden for EU companies and SMEs. The Council of the European Union, in an announcement on 29 September 2025, stated that it has formally
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Ukraine: Government presents 2026 budget to parliament, proposes increased minimum wage
Draft Law No. 14000 proposes raising the minimum statutory monthly salary from UAH 8,000 to UAH 8,647 and the minimum subsistence level for employed individuals from UAH 3,028 to UAH 3,328. Ukraine’s government has presented Draft Law No.
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Russia extends export duties on sunflower seeds, products until 2028
The export customs duty on sunflower seeds will remain at 50%, but not less than RUB 32,000 per tonne. For sunflower oil and sunflower meal, a “floating” export duty will continue to apply, calculated as 70% of the difference between the
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UK: HMRC publishes 2025 corporate tax statistics
This annual report details corporate tax receipts and liabilities, categorised by company count, income, deductions, industry sector, size, and financial year. The UK tax authority, HM Revenue & Customs (HMRC), published its annual
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