Europe
KPMG TaxNewsFlash reports of tax developments in Europe
News
Belgium: Draft program law includes first series of tax measures included in coalition agreement
Includes income and indirect tax measures, as well as changes to tax procedures
April 17, 2025
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France: VAT exemption threshold reduction for small businesses postponed until June 1, 2025
Reduction originally set for March 1, 2025
April 17, 2025
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UK: Guidance removing blanket application of anti-abuse rule to capital contributions resulting in LLP member qualifying as genuine partner
Capital contributions respected if they are “genuine, enduring, and at real risk”
April 17, 2025
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Bosnia and Herzegovina: Proposed forgiveness of interest on tax debts (Republic of Srpska)
Tax debts would include income taxes and social security contributions.
April 16, 2025
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Denmark: Proposed legislation to implement cryptoasset reporting (DAC8)
The bill would require cryptoasset service providers to report customer transactions for EU exchange.
April 16, 2025
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Greece: VAT exemption process for supply and intra-Community acquisition of certain goods
Decision A.1022/2025 establishes the procedure for exempting value added tax (VAT)
April 16, 2025
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Italy: Implementation of obligation for non-EU companies operating in Italy through a fiscal representative to submit guarantee
Obligation introduced under Legislative Decree no. 13/2024
April 16, 2025
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Moldova: Consultations on implementation of various EU directives
Value added tax (VAT) reverse-charge mechanism, excise duties, and tobacco tax
April 16, 2025
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Poland: Proposed legislation amending Pillar Two rules
Anticipated to be approved by Council of Ministers in third quarter of 2025
April 16, 2025
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Poland: Deductibility of taxpayer’s own loans contributed to company; limitations on real property depreciation (court decisions)
Summaries of recent court decisions in Poland
April 16, 2025
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Poland: Proposed postponement of certain elements of mandatory national electronic invoicing system (KSeF)
Comments on the proposed legislation are due by April 25, 2025.
April 16, 2025
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Romania: Guidance on VAT registration and use of e-invoicing in B2G transactions
Includes list of public institutions required to use RO e-invoice system
April 16, 2025
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Germany: Coalition agreement includes plans for comprehensive tax reforms
Including new investment incentives and reduction in corporate income tax rate
April 15, 2025
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Ireland: European Commission approves modification and extension of film tax relief scheme
Extension of scheme authorized from January 1, 2025, until December 31, 2028
April 15, 2025
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OECD: Updated outcome of Pillar Two transitional peer review process
Updates to Guernsey’s and Spain’s IIRs and DMTTs
April 15, 2025
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EU: Council adopts DAC9
Member states need to implement the directive into national legislation by December 31, 2025.
April 14, 2025
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Spain: Extended deadline for adapting e-invoicing software, new exemption in certain cases of invoicing by recipient or third party
Amendments to electronic invoicing (e-invoicing) systems regulations introduced by Royal Decree 254/2025
April 14, 2025
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Spain: Updated tax reporting requirements for financial sector
Updated reporting requirements in respect of accounts, loans, and transactions
April 14, 2025
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Belgium: Tax return under Pillar Two rules
First filing deadline is November 30, 2025
April 11, 2025
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Cyprus: Guidance on VAT treatment of unredeemed expired vouchers
Guidance under Circular 3/2025 issued on April 8, 2025
April 11, 2025
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EU: Electronic marketplaces qualify as undisclosed agents pre-2015 amendments (CJEU Advocate General opinion)
Whether an electronic marketplace acts as undisclosed agent under Article 28 of the EU VAT Directive before 2015
April 10, 2025
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Poland: New rules for keeping books of account
Businesses will have to include additional data.
April 10, 2025
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Poland: Opinion on amendments to R&D tax relief
The opinion has been submitted before the Minister of Finance.
April 10, 2025
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Poland: Sale of assets covered by statutory joint property ownership by spouses is subject to VAT (CJEU judgment)
A person selling land belonging to personal assets, who uses services of a professional trader to prepare it for sale, can be treated as liable for VAT.
April 10, 2025
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Ukraine: Proposed legislation for digital platform reporting and withholding tax requirements
The bill would require digital platform operators to report relevant tax information on sellers and income generated through their platforms.
April 10, 2025
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Romania: Changes to construction tax
Tax rates, clarifications, and available discount
April 9, 2025
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Lithuania: Application of participation exemption, abuse provision (CJEU judgment)
The CJEU provided more clarity on the application of the participation exemption and the anti-abuse provision in the Parent-Subsidiary Directive.
April 8, 2025
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EU: Transfer pricing adjustments are subject to VAT (CJEU Advocate General opinion)
This case would provide long-sought clarity on the VAT treatment of transfer pricing arrangements in the EU.
April 7, 2025
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Cyprus: Extended deadline for non-taxation election on property leasing
Form T.D. 1220 can be submitted until December 31, 2025.
April 4, 2025
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Germany: Increased tax audit scrutiny on intra-group data centers
Issues of focus include transfer pricing methodologies and creation of permanent establishment (PE)
April 4, 2025
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Poland: Consultation on draft regulation on maintaining tax revenue and expense ledgers
Draft regulation expected to become effective January 1, 2026
April 4, 2025
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Poland: Time limit for bad debt relief inconsistent with VAT directive; legal activities of family foundations; taxation of free transmission easement; real estate tax issues
Summaries of recent court decisions in Poland
April 4, 2025
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Cyprus: Tax card for 2025
Report providing information about the tax system in Cyprus for 2025
April 3, 2025
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UK: Consultation on new advance tax clearance service for large innovative investment projects following Spring Statement
Includes announcement that APAs will be available for cost contribution agreements. Consultation closes June 17, 2025.
April 3, 2025
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UK: Lists of jurisdictions with qualifying income inclusion rules and domestic top-up taxes under Pillar Two rules
Regulations under UK Pillar Two rules issued March 31, 2025
April 3, 2025
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UK: Consultation on proposed improvements to advance tax clearance process for R&D claims following Spring Statement
Consultation closes May 26, 2025.
April 3, 2025
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UK: Costs for preliminary windfarm studies qualified as capital expenditures (Court of Appeal decision)
Costs considered expenditures “on the provision of” plant or machinery
April 3, 2025
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Slovakia: Input VAT deduction limited to 50% on purchase of motor vehicles and motorcycles
Limitation effective from July 1, 2025, until June 30, 2028
April 2, 2025
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Spain: Regulations under Pillar Two global minimum tax law
Implementing regulations under Law 7/2024 approved by the Cabinet
April 2, 2025
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Spain: Amendments to real estate transfer tax and stamp duty (Catalonia)
Amendments under Decree-Law 5/2025 will become effective on June 27, 2025
April 2, 2025
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Bulgaria: Amendments to Pillar Two law enacted
Several amendments to the Bulgarian Pillar Two legislation introduced under budget law.
April 1, 2025
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EU: Commissioner outlines EC tax priorities at 2025 EU Tax Symposium
Priorities include commitment to Pillar Two
April 1, 2025
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Italy: Imposition of IRAP on dividends may be inconsistent with PSD depending on nature of tax (CJEU Advocate General opinion)
Turns on whether Italian regional tax on productive activities (IRAP) is a corporation tax or tax comparable to a corporation tax
April 1, 2025
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EU: Tax aspects of European Commission communication on savings and investments union
Includes recommending harmonization of various tax rules across the EU
April 1, 2025
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Finland: Guidance on Pillar Two global minimum tax
Key elements of the Minimum Tax Act and additional clarifications on general application of Pillar Two rules
April 1, 2025
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Germany: Final guidance on interest deduction limitation rules
Clarifications and examples regarding the application of the rules.
April 1, 2025
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Netherlands: Capital loss upon liquidation of subsidiary allowed (Supreme Court decision)
Losses at level of liquidated subsidiary could not be used under group relief regime after liquidation
April 1, 2025
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UK: 2025 Finance Act enacted, includes changes to UK Pillar Two rules
UTPR introduced for periods beginning on or after December 31, 2024
April 1, 2025
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Latest tax developments from the United States and from KPMG member firms around the globe
News
Germany: Liability for incorrect tax statements (Federal Tax Court decision); other VAT developments
Recent VAT developments in Germany
March 31, 2025
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Germany: Transfer pricing documentation requirements for extraordinary business transactions in 2025
New rules require automatic submission within 30 days of transfer pricing documentation upon notification of an audit
March 28, 2025
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Finland: European Commission approves scheme supporting green economy
Scheme found to be sanctioned under EU State aid rules
March 27, 2025
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Cyprus: Deadlines for filing company income tax returns (TD4) for tax years 2022 and 2023
Late payments are subject to interest and monetary penalties.
March 27, 2025
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Finland: Central bank in third country exempt from income tax (Supreme Administrative Court decision)
Imposing withholding tax on dividends from Finnish listed companies constituted a prohibited restriction on the free movement of capital
March 27, 2025
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Northern Ireland: Implications of UK “Spring Statement” 2025
Implications of UK “Spring Statement” 2025 for taxpayers in Northern Ireland
March 27, 2025
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Slovakia: FAQs on financial transaction tax
A list of the most common “frequently asked questions”
March 27, 2025
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Cyprus: Notional interest deduction “reference rates” for 2025
NID reference rates as of December 31, 2024
March 26, 2025
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Germany: Real estate transfer tax group exemption rule inapplicable to transfer of foreign shares (Federal Tax Court decision); other tax developments
Recent tax developments in Germany
March 26, 2025
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Poland: Amendments to excise duty
New regulations scheduled to take effect on April 1, 2025
March 26, 2025
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Poland: Retroactive changes to depreciation rates; real estate tax exemption; depreciation for real estate companies; employee reimbursements
Summaries of recent Supreme Administrative Court decisions
March 26, 2025
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Iceland: New reporting obligations for digital platform operators effective January 1, 2025
Reporting platforms are required to register with the Icelandic tax authorities, except if they are already registered in one of the states of the European Economic Area.
March 25, 2025
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Romania: Tax guide 2025
The KPMG member firm in Romania has prepared a tax guide for 2025.
March 25, 2025
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Serbia: Law on central register of beneficial owners enacted
Introduces amendments to existing requirements for registration in central registry of beneficial owners
March 21, 2025
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Netherlands: Draft legislation on “rebuttal provision” for new “Box 3” (wealth tax) regime presented to lower house of Parliament
Legislation would largely codify Dutch Supreme Court decision
March 20, 2025
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UK: Consultation on future of oil and gas taxation
Consultation closes May 28, 2025
March 20, 2025
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Poland: Certain EU non-cooperative jurisdictions not included in list of countries applying harmful tax competition
Countries and territories on EU list of non-cooperative jurisdictions, but not Poland’s list
March 19, 2025
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Poland: Re-registered entity qualifies as taxpayer starting business activities for corporate income tax purposes (Supreme Administrative Court decision)
Entity thus entitled to preferential treatment under corporate income tax rules
March 19, 2025
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Denmark: VAT amendments relating to copyright licensing
Amendments are effective January 1, 2025
March 18, 2025
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Denmark: Various tax amendments enacted
Including elimination of dividend taxation on tax-exempt portfolio shares, increase in loss carry-forward limit and R&D tax credit cap
March 18, 2025
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Hungary: New import VAT deduction requirements include partner due diligence obligations
Introduction of partner due diligence obligation for indirect customs representatives
March 18, 2025
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France: Retroactive application of exit tax incompatible with EU law (Supreme Administrative Court decision)
The decision is final and cannot be appealed.
March 18, 2025
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Italy: Ministerial Decree on GloBE information return (GIR) notifications
The actual notification form and further details on the submission will be clarified by the revenue agency.
March 18, 2025
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Slovenia: Revised law project mandating e-invoicing
This project is still under evaluation.
March 18, 2025
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Switzerland: Consultation on proposal to introduce qualified refundable R&D tax credit (canton of Lucerne)
Consultation process will run until June 9, 2025
March 18, 2025
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Switzerland: Implementation of cryptoasset reporting framework MCAA
Intends to maintain tax transparency standards amidst the expanding cryptoasset market
March 17, 2025
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Belgium: Dividend received deduction (DRD) restrictions on intra-group transfers violates EU law (CJEU judgment)
Compatibility of Belgium's DRD regime and tax consolidation system with the EU parent-subsidiary directive (PSD)
March 14, 2025
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Belgium: Recent trends in transfer pricing audits
Overview of recent trends in transfer pricing audits in Belgium
March 14, 2025
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Ireland: Pension auto-enrollment begins in September 2025
Many tax matters associated with scheme addressed in Finance Act 2024
March 14, 2025
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Poland: Real estate depreciation; no VAT on free-of-charge transfers; reduction of VAT taxable amount upon lease termination; lump-sum income tax on advances (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
March 13, 2025
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Czech Republic: VAT registration guidance effective January 2025
Information regarding the VAT payer status and registration procedure following an amendment to the VAT law
March 12, 2025
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Czech Republic: Denial of deductions for restoration costs upheld (Supreme Administrative Court decision)
Taxpayer failed to sufficiently prove the extent and manner of incurring the costs, including the identity of the contractor.
March 12, 2025
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Malta: Guidelines on election allowing insurance companies to pay tax on gains from adoption of IFRS 17 on installment basis
Guidelines define terms and set conditions for election
March 12, 2025
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Spain: Whether discriminatory tax treatment of nonresidents in taxing capital gains infringes EU law (CJEU referral)
Referral by European Commission due to failure to remedy alleged infringement of EU law
March 12, 2025
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Cyprus: Tax reform proposals
Recommendations presented by Economic Research Center of the University of Cyprus
March 11, 2025
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EU: Adoption of VAT in the digital age (ViDA) package
The European Commission announced that the VAT in the digital age package was adopted on March 11, 2025.
March 11, 2025
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EU: Council reaches political agreement on DAC9
Member states need to implement the directive into national legislation by December 31, 2025.
March 11, 2025
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KPMG report: Shipping and offshore tax update (March 2025)
Global tax-related developments relevant for companies involved in shipping and related industries
March 7, 2025
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Sweden: Proposed increase to property tax for wind turbines; deductions for fictitious tax under income tax treaty with Luxembourg
Government proposal; tax agency statement
March 7, 2025
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EU: European Parliament approves VAT in the digital age (ViDA) package
The text will need to be formally adopted before being published in the EU’s Official Journal and entering into effect.
March 6, 2025
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Sweden: Support services are not unique, market value must be determined based on comparables (CJEU Advocate General opinion)
Advocate General rejected tax authority’s application of revaluation rules
March 6, 2025
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Poland: Extension of reverse charge VAT on exchange transactions related to gas, energy, CO2 allowances
Extension to December 31, 2026
March 6, 2025
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Poland: No joint and several VAT liability for third parties not part of legal proceedings (CJEU judgment)
Polish VAT rules allowing joint and several VAT liability for third parties held incompatible with EU law
March 6, 2025
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UK: Final regulations implementing new reserved investor fund
Implementation of new fund beginning March 19, 2025
March 6, 2025
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Czech Republic: Taxpayer failed to prove actual amount of nondeductible indirect shareholding expenses (Supreme Administrative Court decision)
Taxpayer submitted differing and incoherent calculations
March 5, 2025
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Denmark: Computational adjustments for foreign withholding tax relief were subject to extended reassessment deadline for controlled transactions (Supreme Court decision)
Adjustments are covered by section 26(5) of the Danish Tax Administration Act
March 4, 2025
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Poland: Tax exemption limited to externally managed investment funds incompatible with EU law (CJEU judgment)
Tax exemption found incompatible with free movement of capital
March 4, 2025
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Serbia: Rulebook on arm’s length interest rates for 2025
Interest rates for all non-finance entities and a single interest rate for banks and finance leasing companies
March 4, 2025
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Germany: Taxpayer not entitled to apply margin-scheme taxation; other VAT developments
Recent VAT developments in Germany
March 3, 2025
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Greece: Streamlined process for reporting withheld taxes and digital transactions fees; incentives for audiovisual projects
Streamlined process effective for payments made on or after December 1, 2025
March 3, 2025
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Greece: Taxpayer funded by EU subsidies entitled to input VAT deductions; property tax exemption unavailable because indirect ownership could not be verified (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
March 3, 2025
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Hungary: New place of supply rules for online events; changes to scope of environmental protection product fee
Changes effective January 1, 2025
March 3, 2025
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Moldova: Guidance on various direct and indirect tax issues; consultation on amendments to VAT refund requirements; changes to tax invoice requirements
Guidance from State Tax Service and proposed amendments and changes from Ministry of Finance
March 3, 2025
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Netherlands: Guidance on tax consequences of asset transfers during liquidation within fiscal unity, amendments to definition of exempt investment institution
Recent tax guidance for companies in the Netherlands
March 3, 2025
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Netherlands: Updated property transfer tax decree extends exemption to acquisitions of real estate companies
Updated decree is effective January 24, 2025
March 3, 2025
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Germany: Application of trade tax addition to advertising expenses, tax policy implications of Parliamentary elections, other tax developments
Recent tax developments in Germany
February 28, 2025
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Serbia: Guidelines for 2024 individual income tax returns
Deadline for 2024 returns is May 15, 2025
February 28, 2025
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EU: European Commission clean industrial deal to recommend adoption of tax incentives for “clean-tech” sector
Adoption by June 2025 of new State aid framework also recommended
February 27, 2025
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Portugal: Municipal surcharges rates of corporate income tax for FY2024
Circular Letter No. 20273 sets out the municipal surcharges rates of corporate income tax for fiscal year 2024.
February 27, 2025
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Portugal: Tax measures in 2025 budget law
Including reduction in general corporate income tax rate from 21% to 20%
February 27, 2025
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Slovakia: Guidance on application of reduced VAT rate on accommodations, excise tax on electricity
Tax authority issued guidance on January 2, 2025
February 27, 2025
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Slovakia: Parliament considers proposed legislation to amend VAT law, reduce excise tax on fuels
Proposed VAT amendments include expansion of goods eligible for reduced VAT rates, general reduction in VAT rate, higher registration thresholds
February 27, 2025
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Slovakia: Proposed amendments to implement exchange of Pillar Two information between EU member states (DAC9)
Minister of Finance announced amendments on January 20, 2025
February 27, 2025
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Belgium: “Fairness tax” compatible with EU law (CJEU judgment)
Belgium's "fairness tax" did not breach the freedom of establishment.
February 26, 2025
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Denmark: Proposed amendments to Pillar Two law
Comments are due by March 3, 2025.
February 26, 2025
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EU: Public meeting of European Parliament Subcommittee on Tax Matters with European Commissioner responsible for tax
EU will not withdraw from Pillar Two agreement and remains committed to reaching Pillar One agreement
February 26, 2025
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Poland: Proposed amendments to mandatory disclosure rules (DAC6)
The government is expected to adopt the proposed amendments in the second quarter of 2025.
February 26, 2025
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Czech Republic: Overview of tax legislation valid in 2025
Tax Card 2025 provides key information on corporate and indirect taxes
February 25, 2025
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Poland: Retroactive changes to depreciation rates; application of VAT split payment mechanism; special economic zone activities; no permanent establishment without profit (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
February 25, 2025
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Poland: Amendments to tax laws passed by lower house of Parliament
The Sejm passed amendments to the tax code and excise duty law.
February 25, 2025
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Greece: New law introduces tax measures for tips, sole proprietorships, short-term rentals, and payment deadlines
Law 5162/2024 provides tax exemption on tips up to €300 per month
February 24, 2025
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Denmark: Carbon tax refunds for captured and stored CO2 emissions
Effective January 1, 2025
February 21, 2025
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Slovenia: Implementation of EU directives on VAT for small businesses and VAT rates
Implementation effective January 1, 2025
February 21, 2025
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Greece: Changes in calculation of maximum amount of contributions and insurance premiums paid to insurance funds and pension plans
Effective from tax year 2024
February 20, 2025
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Netherlands: 2025 tax plan for BES Islands submitted to Parliament
Plan would reinstate key tax measures for BES Islands
February 20, 2025
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Poland: List of jurisdictions with qualified status for Pillar Two purposes
List applies for purposes of local implementation of Pillar Two rules
February 20, 2025
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Netherlands: Implementation of proposal for new “Box 3” (wealth tax) regime postponed until 2028
Implementation originally planned for 2027
February 20, 2025
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Netherlands: Updated guidance on tax treatment of stock options
Stock options taxed when shares become tradeable rather than an exercise
February 20, 2025
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Poland: Applicability of VAT exemption; UK sales revenue determined net of UK VAT (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
February 20, 2025
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UK: Taxation of payments based on UK continental shelf oil production under Canada treaty (Supreme Court decision)
Payments not subject to corporation tax under treaty, but subject to “ring fence” taxation
February 20, 2025
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Austria: Notifications for certain outbound payments due February 28; other recent direct and indirect tax developments
A summary of recent direct and indirect tax developments.
February 19, 2025
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Bosnia and Herzegovina: Proposed VAT changes
Proposed changes include new submission deadlines for VAT refunds on internationally financed projects
February 19, 2025
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Bosnia and Herzegovina: Proposed amendments to rules for small entrepreneurs (Republic of Srpska)
Proposed amendments require National Assembly approval
February 19, 2025
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Iceland: Tax rates for 2025
Rates for individual income tax, corporate tax, and VAT
February 19, 2025
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Isle of Man: Tax measures in 2025 / 2026 budget
Proposed reduction in individual income tax rate
February 19, 2025
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Lithuania: Commentary on definition of permanent establishment
Includes guidance on registration, tax periods, taxable profits, and allocated expenses
February 19, 2025
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Lithuania: Proposed VAT exemption for humanitarian aid delivered outside EU
Exemption would be effective May 1, 2025
February 19, 2025
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Ukraine: Guidance regarding treatment of legal entities acquiring Diia City residence mid-tax year
Guidance regarding inclusion of payments in tax base
February 19, 2025
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Ukraine: Updates to scope of “controlled transactions” for transfer pricing purposes
Updated list of low-tax jurisdictions, transactions with permanent establishment in Ukraine of Austrian limited partnership
February 19, 2025
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EU: Council adopts new legislation on electronic VAT exemption certificate
The electronic VAT exemption certificate will be mandatory from June 30, 2032.
February 18, 2025
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EU: European Commission publishes work program for 2025
Key takeaways from the 2025 work program
February 18, 2025
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EU: Updated list of non-cooperative tax jurisdictions
No new jurisdictions were added to the list of non-cooperative jurisdictions.
February 18, 2025
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Isle of Man: VAT law amendments
DIY housebuilder claims, late VAT payments, caravans
February 18, 2025
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Netherlands: Class action against interest on tax due charged for corporate income tax
The proceedings pending before the Supreme Court concern interest on tax due charged for the period January 1, 2022 through December 31, 2023.
February 18, 2025
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Netherlands: Tax return deadline for inframarginal electricity levy is April 1, 2025
Temporary legislation capping the revenue of electricity producers for the period December 1, 2022, through July 1, 2023
February 18, 2025
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Hungary: EU authorization to extend application of reverse charge mechanism to supplies during insolvency proceedings
Extension authorized until December 31, 2026
February 14, 2025
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Malta: Recent VAT changes include implementation of EU small business scheme for cross-border supplies, exemption for certain health care products
Changes are effective from January 1, 2025
February 14, 2025
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Romania: Tax amendments include increased dividend withholding tax rate, tax on special constructions
Dividend withholding tax rate increased from 8% to 10% effective January 1, 2025
February 14, 2025
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Romania: VAT exemption for certain supplies to hospitals, amendments to VAT regime for deposit return system
Changes enacted on December 20, 2024
February 14, 2025
News
Spain: Public country-by-country reporting obligations
Overview of public CbC reporting obligations in Spain
February 14, 2025
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UK: Public consultation on e-invoicing
Consultation closes May 7, 2025
February 14, 2025
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Czech Republic: Amendments in VAT law 2025 include changes to registration threshold, implementation of EU small business scheme for cross-border supplies
Amendments generally effective January 1, 2025
February 13, 2025
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Belgium: Technical and legislative amendments for new small business VAT exemption regime
New regime effective January 1, 2025
February 13, 2025
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Belgium: Modernization of VAT rules
Gradual implementation, with transition period until October 1, 2025
February 13, 2025
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Cyprus: Penalty relief for late 2022 tax filings
Tax filings must be submitted by May 31, 2025
February 13, 2025
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Czech Republic: Proposed amendment changing depreciation of photovoltaic power plants
Proposed amendment awaits approval by the lower house of Parliament
February 13, 2025
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Czech Republic: Guidance on application of VAT to fuel cards
Guidance follows conclusions of the EU VAT Committee
February 13, 2025
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Czech Republic: Individual income tax exemption for income from transfer of cryptoassets passed by upper house of Parliament
Legislation now awaits president’s signature
February 13, 2025
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Sweden: Government report to Parliament on EU proposal for exchange of Pillar Two information between EU member states (DAC9)
Report regarding changes potentially required for implementation in Sweden
February 13, 2025
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Austria: Determination of amount of employee monetary benefit from employer events (Finance Court decision)
General costs of employer events not treated as monetary benefits to employees
February 12, 2025
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Sweden: Proposed extension of energy tax exemption to electricity consumed for heating ladles and similar processes in metallurgical processes
Exemption proposed to become effective July 1, 2026
February 12, 2025
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France: Tax measures in Finance Act 2025
Includes direct and indirect tax measures affecting companies
February 11, 2025
News
Poland: Payment to achieve target profitability not subject to VAT; only one tax identification number required (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
February 11, 2025
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Czech Republic: Implementation of interest and royalties directive (CJEU referral)
Questions regarding whether directive permits retroactive withholding tax exemptions
February 7, 2025
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EU: Outcome of January 2025 ECOFIN meeting; European Commission competitive compass communication
Focus on simplification and reduction of regulatory burdens
February 7, 2025
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Ireland: Updated guidance regarding controlled foreign company (CFC) rules
Incorporating changes from the Finance Act 2024
February 7, 2025
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Italy: List of jurisdictions with transitional qualified status for Pillar Two purposes
List applies for purposes of local implementation of Pillar Two rules
February 7, 2025
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Netherlands: Updated list of non-cooperative tax jurisdictions
Updated list effective as of January 1, 2025
February 7, 2025
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OECD: Public consultation on tax incentives
Comments are due February 11, 2025.
February 7, 2025
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Slovakia: Second amendment to Financial Transaction Tax Act expands exemptions
New financial transaction tax will be paid from April 1, 2025.
February 7, 2025
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UK: Amendments to Pillar Two rules in amended Finance Bill 2024-2025
Including incorporation of provisions from OECD June 2024 Administrative Guidance
February 7, 2025
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UK: Consultation on supplementary draft guidance on Pillar Two global minimum tax rules
Last consultation before guidance manual will be published in late spring 2025
February 6, 2025
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UK: HMRC transfer pricing and diverted profits tax statistics for FY 2023-2024
Statistics show HMRC continues to be very active on transfer pricing initiatives
February 6, 2025
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UK: Payments to settle regulatory investigation deductible; claim for cross-border group relief barred (court decisions)
Summaries of recent court decisions
February 6, 2025
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Oman: Income tax treaties signed with Cyprus, Tanzania, and Bahrain
Official texts yet to be published
February 5, 2025
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Bosnia and Herzegovina: New excise duty rates on manufactured tobacco
Effective January 1, 2025
February 4, 2025
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Serbia: Amendments to e-invoicing rulebook
Changes generally effective January 1, 2025
February 4, 2025
News
Spain: New obligation to keep accounting records for products subject to manufacturing excise duties
Effective January 1, 2025
February 4, 2025
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Spain: Solidarity charge effective January 1, 2025
2023 law and 2024 implementing regulations now effective
February 4, 2025
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Switzerland: Final VAT guidelines on platform rules for goods
New platform rules for goods became effective January 1, 2025
February 4, 2025
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Belgium: Coalition agreement of new government proposes tax reform
Includes corporate and individual income tax, VAT and other indirect tax measures
February 3, 2025
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Czech Republic: Legislation extending tax deductibility of donations to Ukraine passes Senate
Deductibility of donations increased to 30% of value and extended until 2026
February 3, 2025
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Belgium: New guidelines for R&D project registration and advisory requests
Guidelines clarify the principles that have been in effect since August 1, 2023
January 31, 2025
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Malta: Property transfer tax exemptions, reduced rates extended through 2025
Extended property transfer tax exemptions, reduced rates, with specific conditions and deadlines for documentation
January 31, 2025
News
Poland: Bill including proposed VAT changes passes lower house of Parliament; excise duty regime extended to nicotine products
Proposed VAT changes generally would become effective April 1, 2025
January 31, 2025
News
Poland: Eligible R&D costs, separate goods for VAT purposes, deemed income of board member (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
January 31, 2025
News
Germany: Transfer of water supply systems by municipality treated as transfer of going concern for VAT purposes; other VAT developments
Recent VAT developments in Germany
January 31, 2025
News
Germany: Updated list of non-cooperative tax jurisdictions, consultation on draft amendments to Pillar Two rules, changes to transfer pricing rules, other tax developments
Recent tax developments in Germany
January 30, 2025
News
Italy: Direct and indirect tax measures in 2025 budget law
Main tax measures introduced by 2025 budget law
January 30, 2025
News
Hungary: Mandatory e-invoicing for energy sector postponed to July 1, 2025
Originally planned to take effect on January 1, 2025
January 29, 2025
News
Hungary: Stricter import VAT deduction requirements effective March 2025
Requires importers to file monthly VAT returns and not be classified as “risky taxpayers”
January 29, 2025
News
Sweden: Report on government study of taxation of carried interest
Report proposes to tax carried interest under 3:12 rules effective January 1, 2026
January 29, 2025
News
Serbia: Amendments to VAT rulebook
Changes are generally effective January 1, 2025
January 29, 2025
News
Belgium: Guidance on reformed investment deduction regime effective from 2025
Including lists of investments that qualify for, or are excluded from, the new regime
January 28, 2025
News
Croatia: Tax law amendments for 2025
Including direct and indirect tax, and general tax amendments
January 28, 2025
News
KPMG report: German case law regarding transfers of functions
Some courts have held in favor of taxpayers arguing their transactions did not result in transfers of functions.
January 28, 2025
News
France: Form for Pillar Two reporting requirements, country-by-country notification
Pillar Two reporting requirements added to CbC notification form
January 27, 2025
News
Poland: Deductibility of various expenses (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
January 23, 2025
News
Poland: EU Council approves extension of split payment mechanism
Extension approved until February 28, 2028
January 23, 2025
News
Slovakia: Legislation amending motor vehicle tax rates approved by Parliament
Amendments reduce certain motor vehicle tax rates
January 23, 2025
News
Slovakia: Guide on new VAT rates for energy supplies effective January 1, 2025
Includes details regarding VAT application for combined supplies and advance payments
January 23, 2025
News
Romania: Form for tax registration of nonresident payment service providers
Introduction of Form 709
January 23, 2025
News
Slovakia: Draft legislation implementing directive on tax transparency rules for cryptoasset service providers (DAC8)
Rules would become effective January 1, 2026
January 23, 2025
News
Italy: Budget law introduces new VAT reverse charge mechanism for logistics sector
New rules subject to EU authorization under VAT directive
January 22, 2025
News
Spain: Filings for special taxes due in early 2025
Certain communications and procedures for special taxes must be completed in early 2025
January 22, 2025
News
UK: Costs incurred in constructing quay wall eligible for plant and machinery allowances (First-tier Tribunal decision)
Recent court decision
January 22, 2025
News
Cyprus: Implementation of Pillar Two global minimum tax rules and public country-by-country reporting
Implementing laws largely align with EU directives
January 21, 2025
News
EU: Tax priorities of Polish Presidency of the Council
Include updating list of non-cooperative jurisdictions for tax purposes and work on DAC9
January 21, 2025
News
Luxembourg: Updated guidance on certificates of residence for collective investment funds
Updated list of income tax treaties for which it is possible to obtain certificates of residence
January 21, 2025
News
Romania: Clarifications on reporting form for public country-by-country disclosures
The Romanian Ministry of Finance issued a press release with regards to the reporting template to be used for public country-by-country disclosures.
January 21, 2025
News
Spain: Dividend withholding tax in breach of EU law (CJEU judgment)
Spain’s dividend withholding tax rules constitute an unjustified restriction on the free movement of capital.
January 21, 2025
News
Slovenia: Implementation of public country-by-country reporting
New provisions apply to financial years beginning on or after June 22, 2024.
January 21, 2025
News
KPMG report: Global developments in ESG-related taxes, incentives, and grants (ESG tax tracker, updated January 2025)
Details existing legislation and contains information regarding upcoming regulations
January 21, 2025
News
Spain: VAT filings due in January and February 2025
VAT-related requests, communications, and forms to be filed in January and February 2025
January 17, 2025
News
Poland: VAT exemption for online platform assisting banking customers; VAT treatment of medical services consortium; VAT exemption for currency exchanges (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
January 16, 2025
News
Poland: Changes to thermal modernization tax relief
The range of equipment that qualifies for write-off under the relief includes energy storage and micro-wind turbines.
January 16, 2025
News
Sweden: Proposed changes to R&D incentive rules
Proposed changes aimed at simplifying the rules and making them more inclusive
January 16, 2025
News
Czech Republic: Amendments in VAT law 2025
Changes to times limits for correcting VAT base and claiming VAT deduction
January 15, 2025
News
Greece: Income tax treaty with Japan in force; list of non-cooperative countries for FY2023
Recent tax developments
January 15, 2025
News
Spain: Law implementing Pillar Two global minimum tax approved
Law also includes amendments relating to corporate income tax, individual (personal) income tax, VAT, tax on financial entities, and excise duties.
January 15, 2025
News
Cyprus: Zero VAT rate on basic goods through 2025
Delivery of certain goods from November 4, 2024, to December 31, 2025
January 10, 2025
News
Italy: Budget law expands scope of digital service tax
Changes to DST threshold
January 10, 2025
News
Denmark: Taxpayer prepared adequate transfer pricing documentation and related party payments were arm’s length (Supreme Court decision)
Court rejected tax authority’s argument that taxpayer’s transfer pricing documentation could be disregarded and discretionary income adjustment imposed
January 9, 2025
News
Ireland: Application of Pillar Two global minimum tax rules to fund vehicles and securitization entities
Reports discussing key considerations for fund vehicles and Irish securitization entities
January 9, 2025
News
Latvia: Tax card for 2025
Information about the tax system in Latvia for 2025
January 9, 2025
News
North Macedonia: Parliament adopts law implementing Pillar Two global minimum tax rules
Law aligns with EU minimum tax directive
January 9, 2025
News
Poland: Contractual penalty for failure to provide services on time not excluded from tax-deductible costs (Supreme Administrative Court decision)
Penalty for failure to provide services on time not covered by Article 16(1)(22) of the CIT Act
January 9, 2025
News
Poland: Updated list of countries and territories applying harmful tax competition
Updated list became effective January 1, 2025
January 9, 2025
News
UK: Capital gains tax rate changes in 2024 Autumn Budget accompanied by anti-forestalling measures
Increased capital gains tax rates may apply to transactions completed after 2024 Autumn Budget announced
January 9, 2025
News
Czech Republic: Changes in taxation of immovable property in 2025
Changes include broadening of land tax appliable to forest lands
January 8, 2025
News
KPMG report: Shipping and offshore tax update (January 2025)
Global tax-related developments relevant for companies involved in shipping and related industries
January 8, 2025
News
Moldova: New tax return form for small and medium-sized enterprises
New form must be used for first reporting period in tax year 2024
January 7, 2025
News
Portugal: Charges on telecom operators held unconstitutional (Constitutional Court decision)
Decision of Constitutional Court has retroactive effect.
January 7, 2025
News
Slovenia: Amendments to tax procedure law, amendments and clarifications to corporate income tax law
Amendments to corporate income tax law include removing special rules for tax base calculation using standardized costs and interest limitation rules
January 7, 2025
News
Slovenia: Proposed amendments to excise duties
Proposed amendments include increase in excise duties on alcohol
January 7, 2025
News
Bulgaria: Proposed mandatory use of SAF-T report
SAF-T implementation would begin for large enterprises January 1, 2026
January 6, 2025
News
Slovakia: Proposed mandatory e-invoicing from January 1, 2027
Proposal to implement EU’s ViDA package
January 6, 2025
News
KPMG article: Examination of UK’s “one-way street” transfer pricing rule
A strict “one-way street” approach may be unnecessary in light of major developments in the international tax landscape and the UK.
January 6, 2025
News
Oman ratifies tax treaties with Luxembourg and Estonia
Treaties not yet in force
January 2, 2025
More Tax Services
News
Spain: New tax on financial institutions, new excise duty on tobacco products, measures to combat VAT fraud with respect to fuels
Measures introduced by Law 7/2024, as amended by Royal Decree-Law 9/2024
December 31, 2024
News
Portugal: Direct and indirect tax measures in 2025 budget bill
Significant VAT changes and 1% reduction in corporate income tax rate
December 30, 2024
News
Portugal: Relatedness determined on transaction date; improper rejection of transfer pricing method (Supreme Administrative Court decisions)
The Supreme Administrative Court issued two recent decisions relating to application of transfer pricing rules.
December 30, 2024
News
Ireland: Tax measures in Finance Bill 2024 include Pillar One Amount B rules, amendments to Pillar Two rules
Tax measures effective from November 12, 2024
December 27, 2024
News
Norway: Proposed amendments to exit tax rules secure sufficient support in Parliament
Proposed amendments would close existing loopholes and enhance tax fairness.
December 26, 2024
News
Oman ratifies income tax treaty with Ireland
Treaty is not yet in force
December 26, 2024
News
Belgium: Guidance on new controlled foreign company rules
Two circular letters clarify certain aspects of new CFC rules introduced last year
December 23, 2024
News
Serbia: Law on electronic goods delivery notes enacted
The law became effective December 6, 2024.
December 23, 2024
News
Estonia: Upcoming changes to direct and indirect tax laws
Report outlining upcoming changes to tax laws
December 20, 2024
News
Cyprus: Changes to framework of register of beneficial owners
Deadline for submitting beneficial owner information also extended to January 31, 2025
December 20, 2024
News
Luxembourg: Overview of tax measures for 2025, including amended Pillar Two law
Comprehensive overview of the key tax measures for 2025
December 20, 2024
News
Italy: Guidance on new rules for fiscal representatives of non-EU companies
New rules are designed to fight fraudulent use of VAT exemption on imports under EU Directive 2006/112/EC.
December 20, 2024
News
UK: Tax measures in draft budgets for Scotland and Wales
Both draft budgets include proposals relating to property tax relief
December 19, 2024
News
EU: Year-end overview of 2024 tax developments
And tax initiatives to pay attention to in 2025
December 19, 2024
News
Hungary: Changes to autumn tax package, including Pillar Two rules, agreed by Parliament
Approved version narrows the scope of data that companies subject to global minimum tax are required to report by the end of the year.
December 19, 2024
News
Hungary: Guidance amending extra-profit taxes
Key changes in amended guidance on “extra-profit taxes”
December 19, 2024
News
Poland: Exemption from requirement to electronically submit asset data
The regulation will take effect on January 1, 2025.
December 19, 2024
News
Poland: Refund of income tax paid by Maltese subsidiary considered income (Supreme Administrative Court decision)
Refund of income tax paid by a Maltese subsidiary to its Polish parent company was considered income from participation in corporate profits
December 19, 2024
News
UK: Repayment of State aid and interest following CJEU annulment of European Commission decision
Regulations providing for repayment will become effective December 31, 2024
December 19, 2024
News
UK: Anti-abuse rule applied to deny “refreshed” losses, taxpayer’s claim qualified under small and medium-sized enterprise R&D regime (First-tier Tribunal decisions)
Reports on two recent decisions of the First-tier Tribunal
December 19, 2024
News
EU: VAT gap statistics for 2022
The European Commission issued a release reporting VAT gap statistics for 2022.
December 18, 2024
News
Italy: Guidance on documentation required for special penalty protection for hybrid mismatches
Guidance clarifies contents, deadlines, and methodology of required documentation
December 18, 2024
News
Luxembourg: Guidance on court decision on application of VAT to remuneration received by board of directors member
The Luxembourg VAT authorities issued Circular 781-2 clarifying the broader implications of the court decision.
December 18, 2024
News
Norway: New legislation mandates registration of beneficial owners
Starting July 31, 2025, companies and legal entities must register beneficial owners.
December 18, 2024
News
Netherlands: Upper house passes entire 2025 Tax Plan package, including amendments to Pillar Two rules
In total, 11 tax bills and an amending act were passed.
December 18, 2024
News
Bosnia and Herzegovina: New form for reporting profit tax losses
New form became effective on October 26, 2024.
December 17, 2024
News
Bosnia and Herzegovina: Proposed VAT refund on first supply of new residential property passed by lower house of Parliament
Proposal requires approval from upper house of Parliament
December 17, 2024
News
Belgium: Reformed investment deduction regime effective from 2025
Introduction of three categories of investments qualifying for a tax deduction
December 17, 2024
News
Croatia: Proposed amendments to VAT law
Draft bill amending the value added tax (VAT) law
December 17, 2024
News
France: St. Barthélemy companies may belong to French tax group
Ruling issued on October 23, 2024, clarifies conditions under which St. Barthélemy companies may belong to French tax group
December 17, 2024
News
Georgia: Amended transfer pricing regulations
Regulations amended to refer to latest OECD Transfer Pricing Guidelines
December 17, 2024
News
Luxembourg: Tax relief package passed by Parliament includes tax cuts for both corporate and individual taxpayers
Parliament passed three tax bills, including the Tax Relief Package.
December 17, 2024
News
Gibraltar: Draft legislation implementing Pillar Two global minimum tax rules
Top-up tax would apply for financial years starting on or after December 31, 2023
December 16, 2024
News
Gibraltar: Draft legislation on new restriction on the use of tax losses in relation regulated financial services and licensable gambling activities
The bill would limit the amount of tax losses that can be offset to 50% of the taxable profits
December 16, 2024
News
Netherlands: Amended guidelines on recovery of VAT on costs relating to share transactions
Amended guidelines will become effective July 1, 2025
December 16, 2024
News
Austria: Input VAT deduction of import VAT for leased machinery (Federal Finance Court decision); other recent direct and indirect tax developments
A summary of recent direct and indirect tax developments
December 12, 2024
News
France: Guidance on Pillar Two global minimum tax filing and notification obligations
Decree specifying Pillar Two filing and notification obligations published on December 5, 2024.
December 12, 2024
News
EU: Council adopts new rules for harmonized withholding tax procedures (FASTER Directive)
The rules will become applicable as of January 1, 2030.
December 12, 2024
News
EU: New directive to introduce electronic tax certificate for VAT exemptions
The European Council agreed on the new directive to introduce an electronic tax certificate for VAT exemptions.
December 12, 2024
News
EU: European Court of Auditors report on ATAD, mandatory disclosure rules (DAC6), and tax dispute resolution directive (TDRD)
Report addresses design and implementation of ATAD, DAC6, and TDRD
December 12, 2024
News
EU: Final public country-by-country reporting forms published
Implementing regulation effective for financial years starting on or after January 1, 2025
December 12, 2024
News
EU: ECOFIN report on various tax initiatives
Report includes updates on Unshell Directive, Transfer Pricing Directive, BEFIT Directive, and DAC9 proposals
December 12, 2024
News
Norway: Updated standard audit file for tax reporting standard
Updated standard will be mandatory for reporting periods after January 1, 2025.
December 12, 2024
News
Romania: Compatibility of windfall tax on energy producers with EU law (CJEU referral)
The Bucharest Court of Appeal referred a preliminary question to the CJEU
December 12, 2024
News
Belgium: Transitional rules for home electricity cost reimbursement
The regime is valid until December 31, 2025.
December 11, 2024
News
Netherlands: Guidance on application of new framework for determining tax characterization of foreign legal forms
New framework will become effective January 1, 2025
December 11, 2024
News
Czech Republic: Denial of mineral oil excise tax refund upheld (Supreme Administrative Court decision)
The Supreme Administrative Court upheld decision of Municipal Court that taxpayer failed to prove oil was used to produce heat.
December 10, 2024
News
Czech Republic: Requirements for December VAT return
December VAT return includes various requirements related to right to deduct VAT.
December 10, 2024
News
Italy: New VAT place of supply rules for virtual events
The new rules are effective as of January 1, 2025.
December 10, 2024
News
Greece: New law introduces tax incentives for innovation and corporate transformations
The new law also includes other various direct and indirect tax measures.
December 10, 2024
News
Denmark: Digital bookkeeping system capable of handling electronic invoices required as of January 1, 2025
It is not yet a requirement to issue and receive electronic invoices, but digital bookkeeping systems must be able to handle such invoices.
December 9, 2024
News
Slovakia: Amendment to Financial Transactions Tax Act approved by Parliament
Amendment is scheduled to become effective January 1, 2025.
December 9, 2024
News
Slovakia: Amendment to VAT law approved by Parliament
Amendment generally will become effective January 1, 2025.
December 9, 2024
News
Spain: VAT notices due by end of year
Taxpayers must file certain notices by the end of the year to be effective on January 1, 2025.
December 9, 2024
News
Belgium: Changes to VAT compliance, refund processes, and procedural rules beginning January 1, 2025
Rules to be gradually implemented between January 2025 and 2026
December 6, 2024
News
Belgium: Proposed changes to various automatic exchange of information rules (DAC6 and DAC7)
Changes are expected to be adopted before end of the year
December 6, 2024
News
Lithuania: New country-by-country reporting notification requirements
New rules require that notifications be completed, submitted, and corrected electronically
December 6, 2024
News
Netherlands: Guidance on how Pillar One Amount B will affect domestic taxpayers
Guidance becomes effective January 1, 2025
December 5, 2024
News
Luxembourg: Remuneration received by board of directors member is not subject to VAT (court decision)
The Luxembourg District Court followed previous decision of CJEU
December 5, 2024
News
Poland: Minister of Finance issues ruling on tax exemptions for interest and royalties
Conditions for withholding tax exemptions on interest and royalties paid by Polish entities to nonresidents
December 5, 2024
News
Serbia: Amendments to e-invoicing law enacted
The law will come into effect on December 15, 2024, and apply as of January 1, 2025.
December 5, 2024
News
Sweden: Winter car testing activities do not create PE, tax authority’s appeal of lower court decision denied (Supreme Administrative Court decision)
Testing activities do not constitute conduct of core business, required for finding permanent establishment
December 5, 2024
News
Serbia: VAT amendments enacted
The law will come into effect on December 15, 2024, and apply as of January 1, 2025.
December 5, 2024
News
UK: Stamp duty land tax relief unavailable for tax avoidance transaction (Upper Tribunal decision)
The “main purpose” was the avoidance of corporate income tax.
December 5, 2024
News
Malta: Bill implementing some measures in 2025 budget
Bill would implement income tax, VAT, and social security tax proposals in 2025 budget
December 4, 2024
News
Spain: Legislation implementing Pillar Two global minimum tax passed by lower house of Parliament
The legislation also includes amendments relating to corporate income tax, individual (personal) income tax, VAT, tax on financial entities, and excise duties.
December 4, 2024
News
Netherlands: Draft bill implementing directive on tax transparency rules for cryptoasset service providers (DAC8)
A new draft bill implementing EU Directive 2023/2226 (DAC8), aimed at increasing transparency regarding cryptoasset ownership.
December 4, 2024
News
Spain: Law introducing new tax incentive for foreign individuals investing in certain securities (Madrid)
Law adopts draft law introduced in July 2024
December 4, 2024
News
Greece: Extended deadline for implementation of electronic delivery notes and digital tracking of goods shipment
First phase mandatory as of April 1, 2025, and second phase mandatory as of October 1, 2025
December 3, 2024
News
Germany: Changes to transfer pricing documentation requirements effective January 1, 2025
Changes introduced under Fourth Bureaucracy Relief Act include shorter response times and new “transaction matrix”
December 3, 2024
News
Serbia: Amendments to individual income tax law effective January 1, 2025
Amendments include imposition of three year holding period for tax credit for investments in alternative investment funds
December 3, 2024
News
Poland: Extension of reduced VAT rate on goods for agricultural production
Reduced VAT rate of 8% extended until March 31, 2024
December 3, 2024
News
Germany: VAT-related changes in Annual Tax Act 2024; other VAT developments
Changes include modification of definition of delivery of work
December 2, 2024
News
Lithuania: Guidance on VAT law
Commentary on Section V of Chapter XII of the VAT law
December 2, 2024
News
Moldova: Guidance on various transfer pricing, VAT, and income tax issues
Guidance on transfer pricing includes introduction of advance pricing agreements (APAs) from January 1, 2025
December 2, 2024
News
Poland: Depreciation deductions on assets acquired by inheritance; reimbursed taxi expenses; electric vehicle recharging services (court decisions)
Summaries of recent court decisions in Poland
December 2, 2024
News
Poland: Real estate tax and VAT amendments
Reports on recent tax legislation-related developments
December 2, 2024
News
Serbia: Corporate income tax law amendments passed by Parliament
Amendments are effective January 1, 2025
December 2, 2024
News
Spain: Second package of relief for taxpayers affected by flooding
Additional tax relief measures for taxpayers affected by DANA
December 2, 2024
News
Bulgaria: Scope of supply of services under VAT Directive (CJEU referral)
The Administrative Court of Veliko Tarnovo referred a preliminary question to the CJEU
November 27, 2024
News
Hungary: Draft declaration form for taxpayers subject to global minimum tax
Form includes some changes from autumn tax package proposal
November 27, 2024
News
Liechtenstein: Legislation includes VAT amendments
From 2025, VAT registration and declaration will only be possible electronically.
November 27, 2024
News
Germany: Further update on tax policy consequences from end of governing coalition, other tax developments
Recent tax developments in Germany
November 26, 2024
News
Poland: General ruling on qualification for dividend withholding tax exemption
The ruling provides a taxpayer-favorable interpretation of existing regulations
November 26, 2024
News
Germany: New ZUGFeRD version 2.3.2; FAQs for e-invoicing mandate
Release of a new version that can be used for electronic invoice (e-invoice) exchange announced
November 25, 2024
News
Netherlands: New framework for determining characterization for tax purposes of foreign legal forms
New framework will become effective January 1, 2025
November 25, 2024
News
Sweden: Administrative courts have jurisdiction to review claims for corresponding adjustment under income tax treaty (Supreme Administrative Court decision)
Corresponding adjustment is an important legal remedy for taxpayers potentially subject to double taxation
November 25, 2024
News
Hungary: Amended autumn tax package submitted to Parliament
Tax changes expected to come into effect in Hungary
November 22, 2024
News
Poland: Legislation implementing global minimum tax effective January 1, 2025
The new regulations target groups with annual revenues of €750 million or more.
November 21, 2024
News
UK: Tax measures in Finance Bill 2024-2025
Proposals concerning the OECD cryptoassets reporting framework, changes to R&D tax reliefs for SMEs, and adjustments to stamp duty land tax rates
November 21, 2024
News
Estonia: Proposed 2% corporate income tax rate for resident companies and permanent establishments
A temporary corporate tax rate of 2%
November 20, 2024
News
Greece: Ministry of Finance proposes various direct tax amendments
The Greek Ministry of Finance announced legislation for various 2025 proposed tax reform measures.
November 20, 2024
News
Italy: Beneficial ownership of dividend income based on parent-subsidiary directive (Supreme Court decision)
A Supreme Court decision on beneficial ownership in the context of divided payments.
November 20, 2024
News
Slovenia: Proposed amendments to income tax law
A draft bill proposing amendments to corporate income tax law has been submitted to Parliament
November 20, 2024
News
Lithuania: Proposed tax changes concerning double taxation, DAC8, submission of tax information, and solidarity contribution
The Lithuanian government and various agencies have proposed several tax-related changes aimed at improving compliance, preventing tax evasion, and aligning with international standards.
November 19, 2024
News
Moldova: Residents of IT parks cannot deduct donations
The state tax service clarified that donations made by residents of IT parks do not impact their taxable base.
November 19, 2024
News
UK: Exit tax must conform with EU freedom of establishment principle (Upper Tribunal decision)
The Upper Tribunal issued a decision in a case regarding tax charges on trustees and a company ceasing UK residency.
November 19, 2024
News
UK: VAT registration guidance following removal of exemption for private school and boarding fees
From October 30, 2024, school and boarding fees for school terms starting on or after January 1, 2025 are taxable at the standard rate of VAT of 20%.
November 19, 2024
News
Netherlands: Lower house passes 2025 Tax Plan with amendments
The upper house is scheduled to debate the 2025 Tax Plan package in the coming weeks.
November 18, 2024
News
Hungary: Proposed extension of retail sales tax to online marketplaces
Proposal would include nonresident or resident platform operators that provide an online marketplace for sellers engaged in retail activities
November 15, 2024
News
Denmark: Proposed changes to tax law in legislative program
Proposed changes within the area of tax law as part of its legislative program for the year 2024-2025
November 14, 2024
News
Slovakia: Tax collection and reporting guidelines in Financial Transactions Tax Act
The Financial Transactions Tax Act becomes effective on January 1, 2025.
November 13, 2024
News
Poland: Legislation implementing Pillar Two global minimum tax rules passed by upper house of Parliament
The legislation is expected to become effective January 1, 2025.
November 13, 2024
News
Poland: Final round of consultations on national e-invoicing system; other tax developments
A weekly report summarizing recent tax-related developments.
November 13, 2024
News
Slovakia: Transfer pricing for manufacturing companies (court decisions)
Insights into how a taxpayer's functions and risks within a group are evaluated
November 13, 2024
News
EU: VAT guidance on new rules for small businesses
Information for businesses subject to the SME scheme
November 12, 2024
News
Montenegro: Multilateral agreement on exchange of country-by-country reports
MNE groups with consolidated revenues exceeding €750 million must file reports within 12 months after fiscal year-end
November 12, 2024
News
Czech Republic: New Accounting Act expected to take effect in 2026
The draft of the new Accounting Act is currently being discussed by the government’s legislative council.
November 12, 2024
News
Italy: New VAT treatment for supply of staff
The new VAT treatment will apply to loans or secondments of staff agreed or renewed from January 1, 2025.
November 12, 2024
News
Poland: Proposed legislation to enhance electromobility and reduce emissions
The Polish Parliament received a bill aimed at enhancing electromobility, reducing emissions, and fostering environmentally friendly transportation solutions.
November 12, 2024
News
Germany: Tax policy consequences from end of governing coalition
Passage of certain bills will require opposition support, which remains uncertain
November 11, 2024
News
Luxembourg: Revised draft law amending Pillar Two law
Revised draft law introduces additional amendments to initial amending draft law published in June 2024
November 8, 2024
News
Netherlands: Time to restructure to a "repurchase fund" extended for one year
Investments funds would have an additional year to restructure to a “repurchase fund” in order to maintain their transparent tax status
November 8, 2024
News
Netherlands: Withholding tax on dividends received by UK company potentially impermissible under EU law (CJEU judgment)
Different treatment in the Netherlands of resident and nonresident companies would constitute an unjustified restriction of the EU free movement of capital.
November 8, 2024
News
Spain: Special tax regime of the Balearic Islands; relief for taxpayers affected by flooding
Annual approval for special tax regime of the Balearic Islands and tax relief measures for taxpayers affected by DANA
November 8, 2024
News
Hungary: Reporting obligation of taxpayers subject to global minimum tax
Taxpayers subject to global minimum tax must fulfill reporting obligation by December 31, 2024.
November 7, 2024
News
Spain: Guidance on required specifications for electronic invoicing systems
Required technical, functional, and content specifications are provided
November 7, 2024
News
Poland: Introduction of optional cash method for small enterprises, proposed changes to postponement of mandatory e-invoicing system
Reports on two recent tax legislation-related developments
November 7, 2024
News
Poland: Authority of head of tax office, English version of tax treaties controls, deduction for unduly paid VAT, taxation of employer-paid insurance premiums
Summaries of recent Supreme Administrative Court decisions
November 7, 2024
News
UK: Unallowable purpose rule for loans, small and medium-sized enterprise R&D regime, stamp duty land tax payment and filing obligations
Summaries of recent court decisions
November 7, 2024
News
Croatia: Establishment of new company to maintain benefit of VAT exemption scheme for small enterprises constitutes abusive practice
Court of Justice of the European Union (CJEU) judgment
November 6, 2024
News
EU: Member states agree on VAT in the digital age (ViDA) package
The text will need to be formally adopted before being published in the EU’s Official Journal and entering into effect.
November 5, 2024
News
Estonia: Proposed expansion of scope of security tax and increased VAT rate, amendments to taxation of income earned through business accounts
The Parliament has commenced consideration of two packages of tax-related draft legislation.
November 5, 2024
News
Germany: Relief for VAT-related obligations; other VAT developments
The Fourth Bureaucracy Reduction Act reduces retention periods for documents and eases other VAT-related obligations.
November 5, 2024
News
Norway: Carbon border adjustment mechanism (CBAM) for imports from 2026
Importers must report and purchase certificates for greenhouse gas emissions associated with certain goods starting January 1, 2026.
November 5, 2024
News
Oman signs tax treaties to avoid double taxation with Luxembourg and Estonia
Aim to eliminate double taxation on income and prevent tax evasion
November 4, 2024
News
Portugal: Bill implementing Pillar Two passed by Parliament
Parliament passed a bill transposing the EU minimum tax directive into domestic legislation
November 4, 2024
News
Norway: Budget would introduce undertaxed profits rule (UTPR) from 2025
A proposal to introduce an undertaxed profits rule from 2025
November 4, 2024
News
Italy: Guidance on substance based income exclusion (SBIE) provisions under Pillar Two rules
The decree incorporates clarifications provided in the OECD commentary and December 2023 administrative guidance.
November 4, 2024
News
Cyprus: Zero VAT rate on certain goods extended to December 31, 2025
Zero VAT rate on children's milk, baby diapers, adult diapers, female hygiene products, and certain vegetables and fruits
November 4, 2024
News
Netherlands: Letter submitted to Parliament on Pillar Two effect on Dutch tax incentives
Effect expected to be limited
November 4, 2024
News
Latvia: Updated list of low-tax or tax-free jurisdictions
Updated list applicable from November 1, 2024
November 4, 2024
News
Poland: Proposed reforms to tax incentives system in light of Pillar Two
Government is considering introduction of cash grant regime in lieu of existing investment zone and R&D tax credit regimes
November 4, 2024
News
Germany: Annual Tax Act 2024 would postpone new rules on withholding tax payment and reporting
Proposal would postpone the rules until 2027 (originally scheduled for 2025)
November 1, 2024
News
Latvia: Implementation of mandatory e-invoicing from January 1, 2026
Businesses registered in Latvia must issue electronic structured invoices
November 1, 2024
News
Germany: Annual Tax Act 2024 passed by lower house of Parliament includes Pillar Two changes, other tax developments
Recent tax developments in Germany
October 31, 2024
News
UK: Pillar Two tax measures in Autumn Budget 2024
Undertaxed profits rule (UTPR) will be included in the Finance Bill 2024-2025
October 31, 2024
News
Cyprus: Extended deadline for filing 2023 individual tax returns (TD1)
Extended deadline is November 30, 2024
October 31, 2024
News
Poland: Proposed extension of exemption from obligation to label certain excise duty goods
The exemption would be extended by another two years, until December 31, 2026.
October 31, 2024
News
UK: Tax measures in Autumn Budget 2024
A summary of the key tax announcements
October 31, 2024
News
Cyprus: Extended deadlines for submitting 2022 and 2023 tax returns for taxpayers obligated to submit table of summarized information
New deadlines are February 28, 2025, and November 30, 2025, respectively
October 30, 2024
News
Spain: Characterization of projects by Ministry of Science and Innovation are binding on tax authority (Supreme Court decisions)
Determining whether expenses qualify for the technological innovation deduction under the corporate income tax law
October 30, 2024
News
Hungary: Mandatory e-invoicing for energy sector beginning January 1, 2025
Applicable to supplies of electricity and natural gas
October 30, 2024
News
EU: Proposal for exchange of Pillar Two global minimum tax information between EU member states (DAC9)
DAC9 proposal would transpose the global anti-base erosion (GloBE) information return (GIR) into EU law.
October 30, 2024
News
Germany: Registering Pillar Two minimum tax group leader
Ministry of Finance has published a notification form for registering the minimum tax group leader.
October 30, 2024
News
Hungary: Autumn tax package includes proposed Pillar Two amendments
Tax changes expected to come into effect in Hungary
October 29, 2024
News
Malta: 2025 budget includes update on Pillar Two implementation
Highlights of Budget 2025
October 29, 2024
News
Sweden: Provision of electricity at charging stations supply of goods for VAT purposes
Court of Justice of the European Union (CJEU) judgment
October 29, 2024
News
Isle of Man: Update on implementation of Pillar Two global minimum tax
The new rules would take effect for accounting periods beginning on or after January 1, 2025.
October 28, 2024
News
Latvia: Proposed amendments to individual income tax law
Proposals include introduction of two-tiered progressive individual income tax rates
October 28, 2024
News
Luxembourg: New online procedures for filing fund subscription tax returns
Two-year transition period, running until August 2026, will allow for both the old and new filing systems to operate in parallel.
October 28, 2024
News
Netherlands: Exemption scheme for participations falling below 5% threshold applies to covered call options (Supreme Court decision)
Aim of the participation exemption is to prevent the same profit being taxed twice in participation relationships, which applies in context of options
October 28, 2024
News
Cyprus: Deadline for 2023 individual income tax returns is October 31, 2024
Individuals with gross total income exceeding €19,500 in 2023 are required to submit 2023 returns
October 25, 2024
News
Finland: Luxembourg SCS fund comparable under EU law to Finnish contractual-based special investment fund (Administrative Court decision)
Administrative Court held that a Luxembourg SCS fund resembled under EU law a Finnish tax-exempt contractual-based special investment fund that is a corporation for Finnish tax purposes
October 25, 2024
News
Austria: Appointment of alternative Pillar Two taxpayer due by December 31, 2024
Proof of appointment must also be uploaded in FinanzOnline
October 24, 2024
News
Italy: Proposal to remove digital service tax revenue thresholds
The proposal would be effective from January 1, 2025.
October 24, 2024
News
Norway: Swedish convertible bonds classified as derivative covered by exemption method (Tax Appeals Board decision)
Tax Appeal Board ruled that the bonds were entitled to tax-free treatment under the exemption method of Tax Act 2-38.
October 23, 2024
News
France: Update on introduction of mandatory e-invoicing
Implementation timetable confirmed but scope of public portal limited
October 22, 2024
News
Belgium: Public consultation on draft tax return under Pillar Two rules
Comments are due November 8, 2024.
October 21, 2024
News
Italy: Import VAT is considered customs duty
Legislative Decree no. 141/2024 equates import VAT with customs duties, including them both in the concept of border duties.
October 18, 2024
News
UK: HMRC outreach to businesses in technology, media, and telecommunications sector regarding VAT compliance
Sellers of telecommunications, broadcasting, and electronically supplied services to consumers in the UK are liable to register for, collect, and remit VAT.
October 18, 2024
News
France: Announcement on e-invoice validation services
The requirement for French companies to issue and receive e-invoices will apply from September 1, 2026.
October 17, 2024
News
Poland: Character of profits of converted sole proprietorship; taxation of prizes granted to athletes; deductibility of expenses incurred by parent in support of subsidiary
Summaries of recent Supreme Administrative Court decisions
October 17, 2024
News
Finland: Public consultation on proposed tax credit for investments supporting green transition
Corporate income tax credit for large-scale industrial investments
October 16, 2024
News
Germany: Guidelines for complying with first phase of e-invoicing mandate
The e-invoicing mandate will be gradually introduced from January 1, 2025.
October 16, 2024
News
Bulgaria: Public consultation on proposed amendments to Pillar Two rules
The consultation runs until October 18, 2024.
October 16, 2024
News
Netherlands: 2025 Tax Plan includes proposed amendments to Pillar Two rules
Most of the proposed amendments would have retroactive effect as of December 31, 2023.
October 16, 2024
News
Slovakia: Draft legislation amending Pillar Two rules submitted to Parliament
The proposed amendments would become effective as of December 31, 2024.
October 16, 2024
News
Lithuania: Public consultation on draft legislation fully implementing Pillar Two rules
The proposed Pillar Two rules would closely follow the text of the EU minimum tax directive.
October 16, 2024
News
Latvia: Temporary solidarity contribution on banks and credit institutions
Contribution would be levied at a rate of 60% on surplus net interest income during 2025, 2026, and 2027
October 16, 2024
News
Italy: Public country-by-country reporting implemented
The new provisions apply to financial years beginning on or after June 22, 2024.
October 16, 2024
News
France: Finance Bill 2025 includes proposed retroactive tax increases for large corporations and individuals, updates to Pillar Two rules
The Finance Bill for 2025 was published on October 10, 2024.
October 15, 2024
News
Ireland: Tax measures in Finance Bill 2024, including Pillar One Amount B rules, amendments to Pillar Two rules
Includes tax measures announced in 2025 budget
October 11, 2024
News
Montenegro: Direct and indirect tax amendments enacted
Includes corporate income tax, individual (personal) tax, and VAT changes
October 11, 2024
News
Norway: Tax measures affecting seafood industry in 2025 budget proposal
Proposed increase in the production fee from NOK 0.935/kg to NOK 0.965/kg
October 11, 2024
News
Serbia: Electronic recording of input VAT not required for September 2024 tax period
The electronic recording of input VAT will begin for tax periods beginning on October 1, 2024.
October 10, 2024
News
EU: Updated list of non-cooperative tax jurisdictions
EU blacklist now consists of 11 jurisdictions
October 9, 2024
News
Poland: Proposed legislation increasing excise duty rates on tobacco products
Includes proposals related to novelty tobacco-related products
October 9, 2024
News
Poland: Whether deductibility of VAT may be conditioned on receiving invoice (CJEU referral)
Referral to CJEU regarding compatibility of Polish VAT law with EU VAT directive
October 9, 2024
News
Czech Republic: Proposed exemption from individual income tax for income from transfer of cryptoassets
Proposal would follow principles similar to those applicable to exemption for income from transfer of securities
October 8, 2024
News
Netherlands: Interest deduction limitation anti-profit shifting rule permissible under EU law (CJEU judgment)
Rule is justified as a means of combating tax fraud and evasion
October 8, 2024
News
Netherlands: Amendments to 2025 Tax Plan
Four memoranda with amendments were published on October 3, 2024.
October 7, 2024
News
France: Update on 2025 finance bill
Challenges faced by the new government and expected tax raises for large taxpayers
October 4, 2024
News
Germany: Ordinance on assignment of tax-related business numbers
Other VAT developments
October 4, 2024
News
Slovakia: Draft legislation including tax-related measures approved by Parliament
Changes were made from draft legislation presented to Parliament in September 2024
October 4, 2024
News
Slovakia: New sweetened non-alcoholic beverages tax effective January 1, 2025
The tax varies depending on the type of sweetened non-alcoholic beverage.
October 4, 2024
News
Spain: Consultation on draft bill implementing directive on tax transparency rules for cryptoasset service providers (DAC8)
The rules are proposed to be effective January 1, 2026.
October 3, 2024
News
Ireland: Tax measures in 2025 budget
Further detailed measures are expected to be included in the Finance Bill.
October 2, 2024
News
Belgium: Overview of agreed tax measures for Flemish region
An agreement for a new government for the Flemish region includes a number of tax measures.
October 2, 2024
News
Poland: Draft legislation implementing Pillar Two global minimum tax rules submitted to lower house of Parliament
The legislation is expected to become effective January 1, 2025.
October 2, 2024
News
Poland: Laws introducing VAT exemption in EU, optional cash method for small enterprises passed by lower house of Parliament
The laws are aimed at benefiting small businesses in Poland.
October 2, 2024
News
Netherlands: ESG proposals introduced on Budget Day
Proposals related to environmental, social, and governance (ESG)
October 1, 2024
News
Cyprus: Deadline for confirmation of ultimate beneficial owner’s information is December 31, 2024
Certain companies must log into the register of ultimate beneficial owners between October 1, 2024 and December 31, 2024, to confirm the information of their ultimate beneficial owners
September 30, 2024
News
Cyprus: Additional FAQs on new transfer pricing rules
Aims to clarify certain provisions of the new transfer pricing rules
September 26, 2024
News
Estonia: Amendments to Motor Vehicle Tax Act, Traffic Act
The president in early August 2024 promulgated amendments to the Motor Vehicle Tax Act and the Traffic Act.
September 26, 2024
News
Germany: Draft second future financing bill, other tax developments
Recent tax developments in Germany
September 26, 2024
News
UK: Consultation on additional draft guidance on Pillar Two global minimum tax rules
Comments are due by October 23, 2024.
September 26, 2024
News
Austria: Increased small business VAT exemption threshold; other recent direct and indirect tax developments
A summary of other recent direct and indirect tax developments
September 24, 2024
News
Czech Republic: Direct and indirect tax relief in response to widespread flooding
The government issued several notices offering tax payment deferment, penalty waivers, and other tax relief.
September 24, 2024
News
Sweden: Tax proposals in 2025 budget
Various changes affecting taxation of employees
September 20, 2024
News
Greece: New digital transaction duty replaces current stamp duty
Key aspects of the new digital transaction duty and comparison of the new regime with the current stamp duty regime
September 19, 2024
News
KPMG comments on European Commission consultation on ATAD
Evaluation of the Anti-Tax Avoidance Directive
September 19, 2024
News
UK: European Commission’s finding of unlawful State aid annulled, judgment of General Court set aside (CJEU judgment)
The CJEU found that the EC and the General Court erred in law.
September 19, 2024
News
Netherlands: Government submits 2025 Tax Plan to Parliament
Overview of the 2025 Tax Plan
September 18, 2024
News
Poland: Guidance on depreciation of goodwill
Goodwill acquired in exchange for consideration other than money cannot be depreciated for corporate income tax purposes.
September 18, 2024
News
Poland: Legislation amending VAT law passed by Council of Ministers
Proposed to be effective January 1, 2025
September 18, 2024
News
Poland: Right to deduct input VAT on vehicles; correcting sales when supply at overstated VAT rate (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
September 18, 2024
News
Serbia: Updates on electronic recording of input VAT
Internal Technical Manual updated to reflect the changes
September 18, 2024
News
Serbia: Draft legislation on electronic goods delivery notes
The consultation closes September 30, 2024.
September 18, 2024
News
Slovakia: Draft legislation includes tax-related measures
Amendments will now be considered by Parliament
September 18, 2024
News
Malta: Overview of tax system
A 2024 report that provides an overview of Malta’s tax system.
September 17, 2024
News
Netherlands: Extension of default penalty waiver for non-compliance with OSS mechanisms of VAT e-commerce package
The tax authority announced the extension of a waiver of default penalties until January 1, 2025.
September 16, 2024
News
Italy: VAT on transaction costs incurred by special purpose vehicle recoverable post merger (Supreme Court decision)
A Supreme Court decision about recovering VAT on transaction costs incurred by special purpose vehicle.
September 13, 2024
News
Netherlands: Clarifications regarding application of wealth tax (“Box 3”) (Supreme Court decisions)
Recent Supreme Court decisions
September 13, 2024
News
Spain: Implementation of corrective self-assessment in the field of VAT
Ministerial Order HAC/819/2024
September 12, 2024
News
Netherlands: Consultation on updated draft bill VAT adjustment on services to immovable property
New rules proposed to be effective January 1, 2026
September 12, 2024
News
Greece: Implementation of electronic delivery notes and digital tracking of goods shipment
The Greek Ministry of Finance and the Independent Authority for Public Revenue issued Decisions A. 1122/2024 and A. 1123/2024.
September 12, 2024
News
Poland: Draft legislation amending VAT, excise tax, and real estate tax law
A new version of draft legislation amending the real estate tax law was released on September 3, 2024.
September 11, 2024
News
Spain: Deductibility of VAT incurred on customer service expenses (CJEU referral)
The Supreme Court referred a preliminary question to the CJEU regarding the deductibility of VAT.
September 11, 2024
News
UK: Amortization deductions on intangible assets held by partnership denied (Upper Tribunal decision)
Upper Tribunal decision concerning amortization deductions on intangible assets held by partnership
September 11, 2024
News
UK: Compliance guidelines for dealing with transfer pricing risks
HM Revenue & Customs published compliance guidelines for dealing with transfer pricing risks.
September 11, 2024
News
Czech Republic: Advertising, R&D costs held not tax-deductible (Supreme Administrative Court decisions)
Reports on recent tax-related Supreme Administrative Court (SAC) decisions
September 10, 2024
News
Czech Republic: Proposed amendments to tax procedure rules
The government approved proposed amendments to the tax procedure rules at the end of August.
September 10, 2024
News
Ireland: European Commission’s finding of unlawful State aid upheld, judgment of General Court set aside (CJEU judgment)
A CJEU judgment that set aside an earlier judgment of the General Court and confirmed the decision of the EC that Ireland granted the taxpayer unlawful State aid in the form of two tax rulings.
September 10, 2024
News
Poland: New deposit-refund system and rules of settling VAT
A new deposit-refund system for beverages sold in packaging will begin operation on January 1, 2025, and new rules of settling VAT will apply to both reusable and single-use packaging covered by the system.
September 10, 2024
News
Slovakia: Proposed amendments to VAT law
The Ministry of Finance introduced proposed amendments to the VAT Act regarding claiming the right for input VAT deduction.
September 9, 2024
News
Cyprus: Withholding tax declarations for 2019 onwards may be submitted by October 31, 2024 without penalty
The tax authority announced that withholding tax declarations for 2019 onwards may be filed until October 31, 2024, without incurring penalties.
September 6, 2024
News
Cyprus: Zero VAT on specific goods extended to September 30, 2024; postponement of VAT objection submissions through TFA portal
The Decree of the Council of Ministers extended the application of a zero VAT rate on specific goods.
September 6, 2024
News
Netherlands: Pension funds may qualify as special investment funds eligible for VAT exemption (CJEU judgment)
A CJEU judgment concerning whether pension funds qualify as special investment funds eligible for VAT exemption
September 6, 2024
News
Luxembourg: Bill including VAT measures presented to Parliament
Bill 8406, which includes value added tax measures, was submitted to the Parliament this summer.
September 5, 2024
News
Serbia: Amended VAT rulebook adopted
The Ministry of Finance adopted amendments to the rulebook on value added tax.
September 4, 2024
News
Albania: New compliance procedures for application of income tax treaties
New Instruction no.11 provides updated compliance procedures for the application of income tax treaties
September 3, 2024
News
Italy: Amended deadline for income tax returns, implications for transfer pricing documentation
Legislative Decree no. 108 amended the deadline for submitting income tax returns to within 10 months of the financial year end.
September 3, 2024
News
Poland: Permanent establishment; non-compete compensation not subject to VAT; 0% VAT on intra-community supplies (Supreme Administrative Court decisions)
A report that includes summaries of recent decisions of the Supreme Administrative Court.
September 3, 2024
News
Moldova: Amendments to corporate income tax, VAT, and transfer pricing rules
Amendments to certain provisions of the Moldovan Fiscal Code with effect from January 1, 2025
August 29, 2024
News
Poland: No new real estate taxes on photovoltaic farms and installations
Proposed amendments would maintain the current taxation method
August 28, 2024
News
KPMG report: Shipping and offshore tax update (August 2024)
Global tax-related developments relevant for companies involved in shipping and related industries
August 28, 2024
News
Germany: Proposed investment tax incentives, Pillar Two changes, intra-group financing transfer pricing guidance, MLI law enacted
Recent tax developments in Germany
August 27, 2024
News
Czech Republic: Taxpayer sufficiently proved right to deduct VAT on supplies of assembly work (Supreme Administrative Court decision)
The court considered the documents, together with the company's explanations, sufficient to support its right to deduct VAT on the supplies.
August 27, 2024
News
Ireland: Tax compliance obligations of regulated funds
Overview of obligations that can apply to each different type of Irish regulated fund vehicle
August 27, 2024
News
Switzerland: Consultation on determination of partner states for AEOI concerning cryptoassets
The Federal Tax Administration announced a consultation to determine partner states for the automatic exchange of information on cryptoassets.
August 23, 2024
News
Serbia: Amendments to e-invoicing rulebook
Amended rulebook generally applies as of September 1, 2024
August 21, 2024
News
Poland: Cash method of accounting, individual and corporate income tax law amendments
Draft legislation submitted before the lower house of the Polish Parliament
August 21, 2024
News
Poland: U.S. sales tax treated as tax-deductible cost (Supreme Administrative Court decision)
The Supreme Administrative Court held that U.S. sales tax paid by a seller on behalf of a buyer was a tax-deductible cost for the seller.
August 21, 2024
News
Poland: Draft regulation on exemptions from obligation of keeping sales records using cash registers
Draft regulation provides for extending the currently applicable scope of exemption by another two years
August 21, 2024
News
Romania: Nonresident taxpayers registered for VAT must submit SAF-T reports beginning January 2025
SAF-T return is due by the last day of the month following the reporting period
August 20, 2024
News
Denmark: Expanded use of payment information in tax audits
VAT audits on companies selling goods or services to Danish private customers who are not registered for VAT
August 16, 2024
News
Poland: Right to deduct VAT on catering services purchased by hotel company; other tax developments
Hotel businesses can still claim deductions as long as they meet conditions previously stipulated by now-repealed provision
August 13, 2024
News
Czech Republic: Tax treatment of unfinished real estate sale (Supreme Administrative Court decision)
Only costs directly related to the land and real property disposal were recognized as tax-deductible
August 13, 2024
News
Poland: Increased excise tax on tobacco products, including cigarettes
Extends the excise tax scheme to vaping devices
August 6, 2024
News
Poland: Definitions of “building” and “non-building structure” for real estate tax purposes
Non-building structures are covered only when used in business activities
August 6, 2024
News
Poland: Deduction of VAT; tax losses in downstream merger (Supreme Administrative Court decisions)
Decisions concerning the deduction of VAT and ability to account for tax losses in a downstream merger
August 6, 2024
News
Luxembourg: Tax guide for individuals
Taxation of individuals in Luxembourg
August 28, 2024
News
Portugal: Withholding tax on dividends to nonresident investment funds contrary to EU law
Supreme Administrative Court decision
July 31, 2024
News
Poland: Domestic rules implementing DAC6 unconstitutional to extent tax advisors obliged to violate professional secrecy
A Constitutional Tribunal decision concerning domestic rules implementing DAC6 unconstitutional.
July 31, 2024
News
Poland: Free-of-charge delivery of goods, costs of fixed asset not eligible costs, tax exemption and withholding tax, procurement arrangement services (Supreme Administrative Court decisions)
Summaries of recent Supreme Administrative Court decisions
July 31, 2024
News
Belgium: Mandatory disclosure rules (DAC6) compatible with EU law (CJEU judgment)
CJEU confirmed validity of mandatory automatic exchange of information for cross-border arrangements
July 31, 2024
News
Germany: Draft of regulation on awarding of tax-related business number; other VAT developments
The Federal Ministry of Finance published the policy draft of a regulation on the awarding of a tax-related business number.
July 31, 2024
News
Switzerland: Draft guidelines on platform rules for goods effective 2025
Draft guidelines currently open for consultation until August 23, 2024
July 30, 2024
News
Sweden: Withholding tax on foreign public pension institutions held contrary to EU law (CJEU judgment)
A CJEU judgment concerning withholding tax on foreign public pension institutions
July 30, 2024
News
Poland: Input VAT deduction on commuter vehicles, deductibility of IT services, VAT on employee capital plans portal
A report that includes summaries of recent decisions of the Supreme Administrative Court.
July 24, 2024
News
KPMG report: European VAT cases—expert insights and business implications
Recent value added tax decisions from the Court of Justice of the European Union (CJEU)
July 23, 2024
News
EU: VAT intermediation rules not applicable if underlying transaction is not an economic activity (CJEU judgment)
The decision clarifies the EU VAT rules relating to intermediaries known as “undisclosed agents.”
July 23, 2024
News
Luxembourg: Bill including tax measures benefiting both individuals and companies presented to Parliament
Bill 8414, which includes proposed tax measures benefiting both individuals and companies, was submitted to Parliament
July 19, 2024
News
Greece: Guidance on deductibility of commitment fees paid to banks for provision of credit
Clarification of deductibility of commitment fees paid by taxpayers to banks for provision of credit
July 19, 2024
News
Czech Republic: Statutory representative held liable for corporation’s tax arrears
A Supreme Administrative Court decision on whether a statutory representative of a corporation could be held liable for a corporations’ tax arrears
July 18, 2024
News
Cyprus: Imposition of financial charges under beneficial ownership register on new officers, partners
Responsibility of new officers or partners to investigate whether the company or partnership has declared its beneficial owners
July 18, 2024
News
Spain: New tax incentive for foreign individuals investing in certain securities (Madrid)
Draft law may be subject to amendments during the legislative procedure
July 17, 2024
News
Spain: Corporate and nonresident income tax return forms for 2023
The forms reflect the recent legislative changes affecting the 2023 tax period.
July 17, 2024
News
Poland: Reimbursement of costs for private car and subsidies under incentive funds are taxable
Summaries of recent decisions of the Supreme Administrative Court
July 17, 2024
News
Poland: New consultations on e-invoicing system (KSeF)
The Minister of Finance announced the launch of a new series of consultations on the National e-Invoicing System.
July 17, 2024
News
Spain: Deadline to claim VAT refunds for 2023 is September 30, 2024
Spanish companies have until September 30, 2024, to file a claim for the refund of VAT paid in other EU countries during 2023.
July 11, 2024
News
Poland: Comprehensive performance and VAT; lump-sum income tax; transfer of organized part of enterprise not subject to VAT (Supreme Administrative Court decisions)
A report that includes summaries of recent decisions of the Supreme Administrative Court.
July 11, 2024
News
Czech Republic: Proposed amendment to excise duty law from 2025
The government has approved a draft amendment to the Excise Duty Act.
July 10, 2024
News
Czech Republic: Acquisition structure not abusive; cost base when applying net profit margin transfer pricing method
Reports on recent tax-related Supreme Administrative Court (SAC) decisions
July 10, 2024
News
Lithuania: Changes in corporate income tax rates enacted
The new Defense Fund package was approved by the Parliament on June 20, 2024, and signed by the President on June 28, 2024.
July 8, 2024
News
Cyprus: Consultation on cryptoasset market regulations
Circular C648 invites regulated entities to express their views on proposed cryptoasset market regulations
July 8, 2024
News
Gibraltar: Additional tax proposals in 2024 budget, including update to Pillar Two rules
Minister for Justice, Trade and Industry addressed the Gibraltar parliament
July 3, 2024
News
Spain: Guidance on deductibility of insurance technical reserves for corporate income tax purposes
Two binding rulings (V1382-24 and V1383-24)
July 3, 2024
News
Italy: Changes to VAT penalties effective 1 September 2024
Legislative Decree no. 87/2024
July 2, 2024
News
Germany: VAT proposals in draft bill for Annual Tax Act 2024; other VAT developments
Recent VAT developments that may affect businesses in Germany
July 2, 2024
News
Gibraltar: Tax measures in 2024 budget
Rate of income tax for companies would increase from 12.5% to 15%
July 1, 2024
News
Germany: Draft bill for Annual Tax Act 2024 published, includes Pillar Two changes; other tax developments
Recent tax developments in Germany
June 28, 2024
News
Cyprus: Extended deadline for individual income tax returns for 2023
The tax authority extended until October 31, 2024, the deadline for filing individual income tax returns for 2023 and payment of associated tax due.
June 28, 2024
News
Estonia: Amendments to land tax law
A report describing notable recent tax developments in Estonia
June 28, 2024
News
Spain: Broader interpretation of industrial activity for purposes of reduced excise duty on electricity
Supreme Court decision
June 27, 2024
News
Austria: Draft legislation amending tax law; other recent direct and indirect tax developments
Summary of recent direct and indirect tax developments
June 27, 2024
News
KPMG report: Global developments in ESG-related taxes, incentives, and grants (ESG tax tracker, updated June 2024)
Existing legislation and upcoming regulations under consideration
June 26, 2024
News
Tax-exempt rental income; transfer pricing documentation with lump-sum taxation; partnership liquidation subject to VAT
A report that includes summaries of recent court decisions in Poland.
June 26, 2024
News
Romania: Draft regulation to expand the e-invoicing mandate to B2C transactions
Current regime applies to B2G transactions and high-risk B2B sales and goods transportation
June 25, 2024
News
Austria: Draft legislation amending tax law
The government's draft legislation for the 2024 Tax Amendment Act was published in mid-June.
June 24, 2024
News
Italy: Guidance on cooperative compliance regime
A voluntary arrangement between the tax authority and taxpayers intended to incentivize transparency and tax compliance.
June 24, 2024
News
Poland: Draft legislation amending real estate tax regime published
New provisions expected to take effect on January 1, 2025
June 21, 2024
News
Channel Islands: Super-deduction for regulatory compliance technology expenditures of financial services companies
Jersey’s government introduced a 150% super-deduction for certain companies within financial services.
June 21, 2024
News
Spain: Corporate and nonresident income tax forms for 2023
These forms reflect the recent legislative changes affecting the 2023 tax period.
June 20, 2024
News
EU: EC concludes Germany’s special tax rules for public casino operators are illegal State aid
Germany must now recover the State aid, including interest, and repeal the tax rules.
June 20, 2024
News
Germany: Ministry of Finance releases draft regulation for implementing e-invoicing mandate
E-invoicing mandate for domestic B2B transactions will be gradually introduced effective January 1, 2025
June 18, 2024
News
EU: Toll manufacturer does not constitute a fixed establishment for VAT purposes (CJEU judgment)
CJEU has held that toll manufacturer cannot be fixed establishment if human and technical resources used to receive services are not distinct
June 17, 2024
News
Poland: Draft legislation amending VAT for small enterprises
Added to list of legislative works and policies of the Council of Ministers
June 17, 2024
News
Poland: Draft legislation amending real estate tax regime announced
Key amendments announced in draft legislation of real estate tax regime
June 14, 2024
News
Cyprus: Extended deadline for payment of central body for equal burden sharing fee on transfers of real estate, shares
Deadline for payment of central body for equal burden sharing fee on transfer of immovable property and shares extended
June 14, 2024
News
Sweden: Report on government study of interest deduction limitation rules
The government presented its final report on its two-year study of Sweden’s interest deduction limitation rules.
June 12, 2024
News
Sweden: Report on government study of “3:12 rules”
Rules that limit the ability of closely-held or family-owned companies to pay preferentially-taxed dividends
June 12, 2024
News
Netherlands: Report to Parliament on investigation into REIT regime
Pros and cons of a new Dutch real estate investment trust (REIT) regime
June 12, 2024
News
Poland: Postponement of e-invoicing mandate signed by president
Postponed to February 1, 2026
June 11, 2024
News
Cyprus: Quality assurance review template for Local file
The tax department released the quality assurance review template for the Cyprus Local file.
June 11, 2024
News
Netherlands: “Box 3” (wealth tax) regime also contrary to EU law because flat-rate returns still in use
A Supreme Court decision concerning whether “Box 3” regime was contrary to EU law because flat-rate returns were still in use.
June 11, 2024
News
Poland: Foundation grants not charged into VAT base; UK pension benefits not exempt; financing fees; real estate tax base
Decisions of the Supreme Administrative Court
June 11, 2024
News
Cyprus: Withholding tax and contribution declarations due 31 July 2024
After this date, the charges provided for by the law will be imposed.
June 7, 2024
News
Poland: Certain web services not subject to restrictions of corporate income tax law; settling costs of R&D activities
Summaries of recent Supreme Administrative Court (SAC) decisions
June 6, 2024
News
Cyprus: Tax treatment of premiums and medical plans
Clarifications relating to the tax treatment of premiums paid to medical plans by individuals and employers
June 5, 2024
News
Germany: Transactions within VAT groups may be VAT-exempt; other VAT developments
Recent VAT developments that may affect businesses in Germany
June 5, 2024
News
Greece: New code of tax procedures revises tax system
Law 5104/2024 aims to simplify and modernize the Greek tax system.
June 4, 2024
News
Spain: Excise duty on hydrocarbons infringes EU Directive for taxation of energy products and electricity
A CJEU judgment regarding whether excise duty on hydrocarbons infringes EU Directive for taxation of energy products and electricity.
June 3, 2024
News
Czech Republic: Amendment to investment companies and funds law passes Senate
The Senate approved an amendment to the Act on Investment Companies and Investment Funds and related laws.
June 3, 2024
News
Poland: Intra-community VAT supply of construction materials; issuance of invoice for bad debt relief (court decisions)
Summaries of recent court decisions
May 30, 2024
News
Italy: Certain additional obligations on online service providers not allowed under EU law (CJEU judgment)
Certain additional obligations under Italian law on providers of online intermediation services and search engines are precluded under EU law.
May 30, 2024
News
Poland: Postponement of e-invoicing mandate and reporting obligations of digital platform operators passed by Parliament
The Parliament passed the Act amending the Act on VAT and certain other acts.
May 30, 2024
News
Poland: Lectures, courses, and trainings provided by universities subject to VAT
A general ruling that lectures, courses, and trainings provided by universities are subject to VAT.
May 30, 2024
News
Belgium: Due date for first GloBE registration is July 13, 2024
July 13 is the due date for the first notification deadline for GloBE registration in Belgium
May 29, 2024
News
Hungary: Rule requiring submission of information and documents for VAT refund claims held contrary to EU law
CJEU judgment concerning a rule requiring submission of information for VAT refund claims
May 28, 2024
News
Germany: Law implementing MLI passed by lower house of Parliament, other tax developments
The lower house of Parliament passed the "Law on the Application of the Multilateral Convention of 24 November 2016 and Further Measures."
May 28, 2024
News
Cyprus: Final version of 2022 transfer pricing documentation form
The Cyprus tax department released the final version of the “Table of Summarised Information” form for the 2022 tax year.
May 28, 2024
News
Netherlands: Financial instrument treated as equity (Supreme Court decision)
Financial instrument issued by a French company must be treated as equity, and not debt, for corporate income tax purposes
May 24, 2024
News
India: Interest paid by permanent establishment to overseas head office not taxable under India-France treaty (tribunal decision)
Not taxable in India under the interest article of the India-France tax treaty
May 24, 2024
News
Spain: Consultation on draft legislation implementing Pillar Two global minimum tax
Comments accepted until May 31, 2024
May 23, 2024
News
Switzerland: Cantonal tax law changes in response to Pillar Two global minimum tax
Several cantons have changed their tax rates in response to enactment of Pillar Two global minimum tax
May 22, 2024
News
Belgium: GloBE registration requirements for multinational and large domestic groups
Responsibility lies with Belgian ultimate parent entity or Belgian constituent entity
May 22, 2024
News
Poland: Consultation on Pillar Two global minimum tax rules extended
The Minister of Finance extended the draft bill implementing the EU Minimum Tax Directive to 24 May 2024.
May 21, 2024
News
Poland: Excise duty on leased cars; taxation of employee accommodation benefits; taxation of family foundation
Summaries of recent court decisions
May 21, 2024
News
Cyprus: Applications for reduced VAT rate on supply or construction of private dwelling must be submitted online
Hard copy applications were only accepted at local VAT district offices until 17 May 2024.
May 20, 2024
News
Italy: Updated CRS technical guidance
Formal validation of tax codes issued by other EU member states, known as EU-TIN, will be conducted.
May 20, 2024
News
Netherlands: Direct and indirect tax measures in general coalition agreement
Insight into the main features of the tax plans of the new coalition government
May 17, 2024
News
Czech Republic: Draft amendment to VAT Act 2025 published
The draft amendment to the VAT Act 2025 was published and will now be considered by the Chamber of Deputies.
May 16, 2024
News
Czech Republic: Changes that could affect scope of “windfall tax” on fuel
Statistical classification of economic activities according to the CZ-NACE
May 16, 2024
News
Norway: Proposal for new calculation method for ground rent tax
The revised National Budget for 2024 proposes that ground rent tax be calculated according to a gross method.
May 16, 2024
News
Malta: Tax measures in 2024 budget enacted
Amendments to various fiscal laws
May 16, 2024
News
Liechtenstein: Updated CRS guidance for AEOI
Revision of automatic exchange of information sheet under CRS regime
May 16, 2024
News
Poland: Taxable amount of in-kind contribution of property for VAT purposes is value of shares issued in exchange
A CJEU judgment concerning taxable amount of in-kind contribution of property for VAT purposes
May 15, 2024
News
Poland: Real estate tax exemption for railway freight terminals; VAT on installation of renewable energy sources
Reports about recent tax-related developments in Poland
May 15, 2024
News
Czech Republic: Transfer prices for advertising expenses; statutory rate of interest on retained VAT deductions upheld
Reports on recent tax-related Supreme Administrative Court (SAC) decisions
May 15, 2024
News
Sweden: Amended agreement with Denmark on cross-border workers in Oresund region announced
Sweden and Denmark announced that they agreed to changes to the Öresund Agreement
May 14, 2024
News
Luxembourg: Implications of protocol to tax treaty with Germany
The protocol came into force 1 January 2024.
May 14, 2024
News
EU: Trade support to Ukraine extended for one more year
The suspension of import duties and quotas on Ukrainian exports to the European Union will be extended for another year.
May 13, 2024
News
EU: New draft of EU VAT reform (VAT in the Digital Age (ViDA))
Updated draft of “Value Added Tax (VAT) in the Digital Age (ViDA)” package, which, if adopted, would amend EU VAT rules
May 9, 2024
News
Luxembourg: NACE code assigned investment funds upheld (Administrative Court of Appeal decision)
An Administrative Court of Appeal decision concerning the NACE code assigned to investment funds
May 8, 2024
News
Czech Republic: Amendment to investment companies and funds law passes Parliament
The Chamber of Deputies passed an amendment to the Investment Companies and Investment Funds Act.
May 7, 2024
News
Czech Republic: Beneficial owner of royalties under tax treaty (Supreme Administrative Court decision)
A Supreme Administrative Court decision determining the beneficial owner of royalties under an income tax treaty.
May 7, 2024
News
Belgium: Amendments to Pillar Two global minimum tax rules
The Belgian Parliament adopted amendments to the Pillar Two global minimum tax rules that were adopted in December 2023.
May 3, 2024
News
Estonia: New reporting requirements for cross-border payment service providers beginning 2024
Payment service providers required to keep additional records and report quarterly on certain payments
May 3, 2024
News
Norway: Pillar Two global minimum tax implemented in Supplementary Tax Act
Norway implemented the Pillar Two global minimum tax rules in the Supplementary Tax Act, which became effective 1 January 2024.
May 2, 2024
News
Estonia: Draft legislation proposes mandatory issuance of e-invoice by sellers upon request of clients
Draft amendment aims to standardize and simplify electronic invoicing requirements
May 2, 2024
News
Germany: Draft bill for Annual Tax Act 2024 includes VAT-related measures, other VAT developments
Recent VAT developments that may affect businesses in Germany
April 30, 2024
News
Slovakia: Amendments to VAT Act approved by Parliament
Changes in VAT registration and VAT deregistration
April 30, 2024
News
UK: Amendment to CRS regulations
Amended regulations come into effect on 14 May 2024
April 30, 2024
News
Slovakia: Guidelines on transfer pricing documentation for 2023
The Ministry of Finance released guidelines on the content of transfer pricing documentation for 2023.
April 30, 2024
News
EU: Working paper on VAT treatment of “crypto art”
The paper explores whether the trading of crypto art is a taxable digital service or can be exempted as financial transactions.
April 29, 2024
News
Czech Republic: Amendments to income tax provisions in consolidation package approved by lower house of Parliament
The Chamber of Deputies approved technical amendments to certain income tax provisions in the 2023 consolidation package.
April 29, 2024
News
Poland: Draft bill implementing Pillar Two global minimum tax published
Provides for an income inclusion rule, qualified domestic minimum top-up tax, and undertaxed profit rule
April 29, 2024
News
Cyprus: Temporary zero VAT on specific goods extended to 30 June 2024
Temporary application of zero VAT rate on specific goods has been further extended to 30 June 2024
April 26, 2024
News
Poland: New deadlines for e-invoicing mandate announced
The e-invoicing mandate will be rolled out in two stages.
April 26, 2024
News
Germany: Draft bill for Annual Tax Act 2024 includes Pillar Two changes, other tax developments
Recent tax developments in Germany
April 25, 2024
News
Cyprus: Tax card for 2024
Information about the tax system in Cyprus for 2024
April 24, 2024
News
Serbia: Tax card for 2024
A “tax card” for 2024 provides an overview of taxes in Serbia
April 23, 2024
News
Germany: VAT treatment of vouchers (CJEU judgment)
Judgment clarifies when a voucher qualifies as a single-purpose voucher, and discusses the VAT consequences of the resale of a multi-purpose voucher
April 23, 2024
News
Poland: Timing of tax exemption; inheritance and donation tax exemption; insurance proceeds not exempt income
Summaries of recent decisions of the Supreme Administrative Court
April 23, 2024
News
Poland: Public country-by-country reporting implemented
New regulations apply to income tax reports for financial years starting after 21 June 2024
April 23, 2024
News
Austria: Guidance on VAT exemption for board renumeration; other recent direct and indirect tax developments
A summary of recent direct and indirect tax developments.
April 22, 2024
News
Cyprus: Increased capital allowances for “green” investments
Tax years 2023-2026
April 22, 2024
News
Hungary: New reporting obligation for import of certain agricultural products
Notification must be submitted by the seller or their representative using a dedicated form on the NÉBIH website
April 22, 2024
News
Austria: Draft law implementing public country-by-country reporting
Provisions of the draft law largely align with the EU public CbC directive
April 22, 2024
News
Czech Republic: Taking into account estimated payables for income tax purposes (Supreme Administrative Court decisions)
Supreme Administrative Court decisions concerning “estimated payables” for income tax purposes
April 19, 2024
News
Germany: New transfer pricing regulations for intra-group financial transactions
New rules introduced define how to interpret arm’s length principle for inbound financial transactions
April 19, 2024
News
Serbia: Protocol to Switzerland income tax treaty adopted by Parliament
It is expected that the protocol will enter into force 1 January 2025.
April 19, 2024
News
Cyprus: Reduced 5% VAT for purchase or construction of residence
A law passed by Parliament allows taxpayers to apply for a reduced 5% VAT rate for the purchase or construction of a residence.
April 19, 2024
News
Ireland: Updated CRS guidance
Frequently asked questions on implementation of the common reporting standard in Ireland
April 19, 2024
News
Netherlands: Insights into upcoming 2025 Tax Plan package
General insights into proposals to be included in upcoming 2025 Tax Plan package
April 19, 2024
News
Serbia: Amendments to VAT rulebook
Amended rulebook applies as of 4 April 2024
April 18, 2024
News
Germany: “Planned cooperation” between charitable corporations (fiscal court decision)
“Planned cooperation” in pursuit of charitable purposes does not need to be set out in the articles of association of the cooperating corporations
April 18, 2024
News
Poland: VAT account not accessible asset in bankruptcy proceedings (CJEU Advocate General opinion)
Tax authority refusal to transfer funds after bankruptcy is allowed under the EU law
April 16, 2024
News
Italy: Agreement with UK on VAT refunds
The agreement applies retroactively to refund claims relating to periods from 1 January 2021.
April 16, 2024
News
Poland: Reporting obligations for digital platform operators (DAC7) enacted, other tax-related legislative developments
Passed by the Council of Ministers
April 16, 2024
News
Poland: Excise tax warehouse as place of import, charitable spending requirement, transfer of real estate title as security
Summaries of recent court decisions
April 16, 2024
News
Netherlands: Proposed legislation to tax “carried interests” as ordinary income
Tax “carried interests” in private equity structures at the progressive individual income tax rates (top rate of 49.5%)
April 12, 2024
News
Czech Republic: Deductibility of increased interest; uncollectible debt (Supreme Administrative Court decisions)
Supreme Administrative Court decisions concerning deductibility of increased interest and uncollectible debt
April 11, 2024
News
Czech Republic: Draft amendment to VAT law includes changes to treatment of construction sector
A draft amendment to the value added tax law includes changes to the treatment of the construction sector.
April 11, 2024
News
UK: EC erred in finding illegal State aid based on controlled foreign company rules in isolation
CJEU Advocate General opinion
April 11, 2024
News
Netherlands: Consultation on proposed division exemption in real estate transfer tax
New division exemption would be more limited than the current facility
April 11, 2024
News
Italy: Scope of self-disclosure regime extended to certain VAT-registered companies and deadline extended to 31 May 2024
The decree extended the self-disclosure deadline from 31 March 2024 to 31 May 2024.
April 11, 2024
News
Serbia: Amended guidance relating to “Eco Tax”
Amended guidance on the criteria for determining activities that affect the environment
April 10, 2024
News
Cyprus: FAQs on adoption of new transfer pricing legislation
FAQs expected to be expanded with additional questions in the future
April 10, 2024
News
Germany: FATCA reporting deadline is 31 July 2024
Production environment for the transmission of FATCA data will be available from 1 May 2024
April 9, 2024
News
Germany: Proposed legislation includes VAT-related measures, other VAT developments
Recent VAT developments that may affect businesses in Germany
April 8, 2024
News
Poland: No taxable income upon lapse of statute of limitations, treatment of Norwegian VAT, individual tax form
Recent court decisions as reported by the KPMG member firm in Poland
April 8, 2024
News
Poland: Consultations on mandatory use of KSeF and changes to issuer’s and remitter’s statement templates
Ministry of Finance consultations
April 8, 2024
News
Cyprus: Extension of deadline for submission of data to register of beneficial owners for certain “refugee” companies
Deadline for submission of data to register of beneficial owners for a company, is extended until 30 of September 30 2024
April 5, 2024
News
Cyprus: Legislation providing tax benefits for companies implementing energy upgrades passes Parliament
The Plenary of the Parliament approved legislation providing tax benefits to companies implementing energy upgrades.
April 5, 2024
News
Hungary: Audit plan for 2024 focuses on transfer pricing
New transfer pricing reporting requirement can be used for risk assessment and tax audit selection purposes in 2024
April 5, 2024
News
Ireland: Proposed R&D tax credit rate and refund increases
Further details outlined in Finance (No. 2) Act 2023
April 5, 2024
News
Spain: Most favoured nation clause under income tax treaty activated by India
Reduced tax rate of 10% on royalties for technical services
April 4, 2024
News
Belgium: Proposed reform of investment deduction regime
Introduction of three categories of investments qualifying for a tax deduction
April 3, 2024
News
Poland: Employee compensation under settlement; cashless payments; VAT on payment for transmission easement
A report that includes summaries of recent court decisions.
April 3, 2024
News
Poland: New bill implementing reporting obligations for digital platform operators (DAC7)
Bill implementing Council Directive (EU) 2021/514 (DAC7)
April 3, 2024
News
Sweden: VAT treatment of NFTs associated with a digital work
Combination of digital work's ownership and ability to verify ownership through the NFT constitutes a new service
April 2, 2024
News
Cyprus: End of reduced excise taxes on certain fuels, VAT on certain products
Reduced excise duty on heating oil ends on 1 April 2024
March 29, 2024
News
KPMG report: New UK transfer pricing guidance on allocation of risk in controlled transactions
HMRC’s guidance sets out its views on issues pertaining to the OECD Transfer Pricing Guidelines.
March 29, 2024
News
Netherlands: Public country-by-country reporting implemented
Public CbC reporting rules apply to financial years starting on or after 22 June 2024.
March 29, 2024
News
France: Updated CRS technical guidance
Technical descriptions and specifications required for the transmission of CRS returns
March 29, 2024
News
Netherlands: Interest deduction denied under fraud provision of corporate income tax law (Supreme Court decision)
A Supreme Court decision concerning whether interest deduction may be denied under fraud provision of corporate income tax law
March 27, 2024
News
Estonia: Income tax treaty with Qatar signed, treaty with Pakistan reaches second reading in Parliament
Updates to income tax treaties with Qatar and Pakistan
March 27, 2024
News
Estonia: Penalties on taxpayer who failed to appear in person to provide explanations to tax authority upheld
Tallinn District Court judgment
March 27, 2024
News
Germany: Tax reform bill enacted, other tax developments
Recent tax developments in Germany
March 26, 2024
News
Poland: Cash register receipts alone are valid evidence of overstated VAT (CJEU judgment)
Court of Justice of the European Union (CJEU) judgment
March 26, 2024
News
Poland: Proposed changes to health insurance contributions by individuals
Changes proposed by the Council of Ministers to health insurance contributions by individuals is effective 1 January 2025
March 26, 2024
News
Germany: Parliament approves legislation introducing e-invoicing mandate
The bill outlines a three-phase implementation of mandatory e-invoicing.
March 25, 2024
News
Ireland: Tax changes for the asset management and funds industry, including Pillar Two rules
Legislative and revenue practice changes that may have an impact for funds and the asset management industry
March 25, 2024
News
Cyprus: Consultations on draft legislation on carbon tax on energy products, daily accommodation fee
Public consultations on draft legislation imposing a carbon tax on energy products and daily accommodation fees
March 22, 2024
News
Poland: Update on consultations on national e-invoicing system (KSeF)
New date for implementation of KSeF will be announced in late April or early May.
March 22, 2024
News
Greece: Extension of deadlines for updating retail payment systems
Deadlines for businesses that must replace their tax spoolers and integrate their point of sale terminals with cash registers extended
March 20, 2024
News
Sweden: Taxpayer entitled to penalty relief for incorrectly claimed interest deductions (Court of Appeal decision)
A taxpayer that claimed incorrect interest deductions and failed to file an N9 form with its income tax return was entitled to relief from penalties.
March 19, 2024
News
Poland: Interpretation of retail sales tax law; lump-sum car allowance taxable; expenses for B2B team-building meetings not deductible
Summaries of recent Supreme Administrative Court decisions
March 19, 2024
News
Poland: Temporary zero VAT rate on food products not extended
Temporary zero VAT rate on basic food products will no longer apply after 31 March 2024.
March 19, 2024
News
Germany: Guidance on shareholder data reporting requirement for listed companies beginning 2025
A communication manual with guidance on shareholder data reporting requirement for listed companies
March 19, 2024
News
Netherlands: Old taxpayer portal used for filing VAT returns will close 1 July 2024
The Dutch tax authorities announced that the old taxpayer portal will close completely as of 1 July 2024.
March 18, 2024
News
Lithuania: Tax card for 2024
Quick reference tool for the most common tax rates and amounts in Lithuania
March 18, 2024
News
Netherlands: Pension funds not treated as special investment funds eligible for VAT exemption
A CJEU Advocate General opinion concerning pension funds not treated as special investment funds eligible for VAT exemption
March 18, 2024
News
UK: Consultation on cryptoasset reporting framework (CARF) and CRS amendments
The consultation will run from 6 March 2024 to 29 May 2024.
March 15, 2024
News
Cyprus: Compliance campaign for stamp tax liability
Tax department intends to carry out control campaigns for the correct application of the legislation
March 15, 2024
News
Cyprus: Guidance on submission of data to register of beneficial owners
Due diligence to comply with requirement to submit beneficial owners details to register of beneficial owners
March 15, 2024
News
France: VAT recovery for Olympics operators with new expenses in France
Incurring new expenses in France can lead to a variety of tax issues.
March 15, 2024
News
Cyprus: Draft legislation implementing Pillar Two global minimum tax rules
Draft legislation would introduce IIR and UTPR for MNEs, and harmonize the tax framework with EU directive
March 14, 2024
News
Malta: Guidance on implementation of Pillar Two global minimum tax
Guidance addresses option to defer implementation of parts of EU Directive and compliance obligation of local entities affected by EU Directive
March 14, 2024
News
Cyprus: Notional interest deduction “reference rates” for 2024
The tax authority announced the notional interest deduction “reference rates” for a number of countries as of 31 December 2023.
March 12, 2024
News
Poland: Certain EU non-cooperative jurisdictions not included in list of countries applying harmful tax competition
A list of countries and territories that are on EU list of non-cooperative jurisdictions
March 12, 2024
News
Poland: Bill introducing cap on individual capital gains tax submitted before Sejm
A bill introducing a tax-free amount for capital gains tax on individuals (the so-called Belka’s tax) has been submitted before the Sejm
March 12, 2024
News
Poland: General working time not eligible for R&D relief (Supreme Administrative Court decision)
A Supreme Administrative Court decision concerning whether working time was eligible for R&D relief
March 12, 2024
News
Czech Republic: Beneficial ownership of royalties; VAT exemption for intra-community supply; proof of “essential costs”
Recent tax-related decisions of the Supreme Administrative Court (SAC)
March 11, 2024
News
Czech Republic: Draft amendments to VAT law include narrowing of exemptions for financial activities
Draft amendment is proposed to be effective 1 January 2025
March 11, 2024
News
EU: VAT obligations of digital platforms pre-2015 (CJEU referral)
Referral from the German Federal Tax Court (BFH)
March 11, 2024
News
Italy: Transfer pricing requirements for investment manager exemption
Guidelines to be followed by Italian investment managers of an investment vehicle that is a subsidiary or PE of a nonresident entity
March 11, 2024
News
Cyprus: Submission of statements of dividend and interest withholding forms expected soon
January 2024 statements have not been posted in the TAXISnet system for submission
March 8, 2024
News
Netherlands: Consultation on draft bill on VAT adjustment on services to immovable property
Consultation closes 2 April 2024
March 8, 2024
News
Serbia: VAT refund for 2023 to foreign taxpayers
A request for a VAT refund for 2023 must be submitted by 30 June 2024.
March 7, 2024
News
Sweden: Further guidance on application of “3:12 rules” in cases of significant outside ownership
Tax Court Board decision concerning application of “3:12 rules” in cases of significant outside ownership
March 7, 2024
News
France: Updated FATCA reporting technical guidance
Guidance that provides reporting financial institutions with technical descriptions and specifications required for the transmission of FATCA returns
March 7, 2024
News
Spain: Digital platform operators must file returns under DAC7 by 8 April 2024
Royal Decree 117/2024 and Order HAC/72/2024 were published in the Official State Gazette.
March 5, 2024
News
Poland: Bill implementing Pillar Two global minimum tax
The bill is expected to be passed by the Council of Ministers no earlier than in Q3
March 5, 2024
News
Poland: Proposed reduction in VAT rate on beauty treatment services
A draft regulation that would reduce the value added tax rate to 8%, effective 1 April 2024, on beauty treatments.
March 5, 2024
News
EU: European public prosecutor's office estimates serious VAT fraud amounting to €11.5 billion
71% increase from 2022 report
March 5, 2024
News
Czech Republic: No exemption under EU VAT common system when proof not provided that recipient is taxable person
A CJEU judgment concerning an exemption under EU VAT common system when proof was not provided that recipient is taxable person
March 5, 2024
News
Poland: Bill introducing option for small enterprises to elect cash method
The bill is expected to be passed by the Council of Ministers in Q2.
March 5, 2024
News
Malta: Updated automatic exchange of information (AEOI) implementing guidelines
The Tax and Customs Administration issued an updated version (v4.6) of the implementing guidelines on AEOI.
March 4, 2024
News
Isle of Man: Guidance on tax treatment of dividends from domestic companies
Tax treatment of dividends that specifically provides tax liability of a resident shareholder on receipt of dividends from domestic companies
March 4, 2024
News
Switzerland: Suspension of tax information with Hong Kong and Singapore
Suspension of automatic exchange of financial account information with Hong Kong and Singapore, effective from 1 January 2025
March 1, 2024
News
Cyprus: Guidance on submission of data to register of beneficial owners
The deadline for all companies and other legal entities to submit beneficial owners details to the register of beneficial owners is 31 March 2024.
March 1, 2024
News
Switzerland: Draft law to reduce wealth tax on shares of unlisted companies held by entrepreneurs (Geneva)
A draft law would reduce wealth tax burden on shares of unlisted companies held by Geneva entrepreneurs
March 1, 2024
News
Sweden: Updated draft legislation implementing Pillar Two global minimum tax
Proposed to become effective 1 January 2024
November 6, 2023
News
Germany: Compromise tax reform bill adopted by mediation committee of Parliament, other tax developments
The mediation committee of Parliament adopted a compromise tax reform bill.
February 29, 2024
News
Cyprus: Deadline to submit 2022 return for taxpayers required to submit transfer pricing documentation extended
Deadline extended to 30 November 2024
February 29, 2024
News
Germany: Guidance on division of input VAT using overall sales key, other VAT developments
Recent VAT developments that may affect businesses in Germany
February 29, 2024
News
Serbia: Individual income tax filing deadlines and rates for 2023
A report that includes individual income tax rates as well as information about tax relief available to younger taxpayers
February 28, 2024
News
Poland: Social security liability; reduction in depreciation rates for prior years; taxable base for real estate taxes
KPMG report includes summaries of court decisions
February 26, 2024
News
Poland: Payments to employees on leave qualify as eligible R&D expenses
Minister of Finance general ruling
February 26, 2024
News
EU: New sanctions against Russia focused on limiting access to military technologies
13th package of sanctions against Russia
February 23, 2024
News
Switzerland: Tax aspects of limited qualified investor fund for real estate investments
A new investment vehicle will be available to qualified investors beginning 1 March 2024.
February 22, 2024
News
Italy: New rules for fiscal representatives of non-EU companies
Designed to fight fraudulent use of the VAT exemption on imports
February 22, 2024
News
Isle of Man: 2024 budget includes proposed increases in corporate and individual income tax rates
Proposed tax changes
February 21, 2024
News
EU: Updates to list of non-cooperative jurisdictions
EU blacklist now consists of 12 jurisdictions
February 21, 2024
News
Germany: Limitation on inheritance and gift tax relief applicable to regular operating companies
Federal Tax Court decision
February 21, 2024
News
Poland: Corporate income tax on buildings; tax-deductible costs; revenue from trademark
Summaries of Supreme Administrative Court decisions
February 20, 2024
News
Netherlands: Guidance on application of zero VAT rate
New explanatory notes effective 1 April 2024
February 20, 2024
News
Poland: Guidance and consultation on national e-invoicing system (KSeF)
Questions and answers (Q&As) regarding the national e-invoicing system
February 20, 2024
News
Poland: Draft legislation implementing new reporting obligations for digital platform operators (DAC7)
Legislation expected to become effective 1 July 2024
February 20, 2024
News
Czech Republic: Determining whether income and expenses are “related” (court decisions)
There must be a “direct” link, merely an economic link is not sufficient
February 16, 2024
News
France: Tax authority guidance on VAT treatment of non-fungible tokens
VAT rules must be applied on a case-by-case basis.
February 16, 2024
News
Spain: Guidance under new mandatory corrective self-assessment procedure for direct and indirect taxes
Traditional self-assessment amendment procedure may be used in certain situations
February 15, 2024
News
Netherlands: Qualification of land as developed or undeveloped for VAT purposes (Supreme Court decision)
Supply of developed land is in principle VAT exempt; the supply of undeveloped land may be subject to VAT
February 15, 2024
News
Czech Republic: Deadline for assessing tax; technical improvement of real property
Supreme Administrative Court decisions
February 14, 2024
News
Poland: VAT rate on take-away meals; eligible costs of new investment projects (Supreme Administrative Court decisions)
Summaries of Supreme Administrative Court decisions issued on 6 February 2024
February 13, 2024
News
EU: New phase of EU excise movement and control system (EMCS)
Phase 4.0 of EU EMCS made commercial movements of excise products fully paperless across the EU
February 13, 2024
News
Czech Republic: Application of VAT deduction for selected passenger cars in 2024
New guidelines on the application of value added tax changes from 2024
February 13, 2024
News
Greece: Guidance on new reporting obligations for digital platform operators (DAC7)
Decision A.1016/2014 extends the deadline for submitting the required data or nil reporting for the year 2023.
February 13, 2024
News
Netherlands: Consultation on new framework for determining characterization for tax purposes of foreign legal forms
Consultation closes on 18 March 2024
February 12, 2024
News
EU: VAT treatment of transfer pricing adjustments (CJEU referral from Romania)
Questions raised will clarify VAT obligations and documentation requirements for multinational companies operating within the EU
February 12, 2024
News
Sweden: Guidance on application of “3:12 rules” in cases of significant outside ownership
Supreme Administrative Court preliminary ruling providing additional guidance on application of the “3:12 rules”
February 8, 2024
News
Netherlands: Changes to proposal for new “Box 3” (wealth tax) regime as of 2027
Technical improvements made to the proposal for the new Box 3 regime
February 8, 2024
News
Hong Kong: Comprehensive double taxation agreement with Croatia signed
Hong Kong and Croatia signed a comprehensive double taxation agreement
February 8, 2024
News
Netherlands: EC approval of COVID-19 related State aid annulled (CJEU General Court judgment)
CJEU General Court judgment annulled EC approval of COVID-19 related State aid
February 7, 2024
News
Poland: Board member liability for VAT arrears (CJEU referral)
Whether board members may be held liable for a company’s value added tax arrears
February 6, 2024
News
Malta: Reduced VAT rate on short-term hiring of “pleasure” boats
Short-term hiring of a “pleasure” boat in Malta for any term that does not exceed five weeks
February 6, 2024
News
Poland: Taxpayers may retroactively change depreciation rates (Supreme Administrative Court decision)
Income taxpayers may change depreciation rates in relation to both past and future tax settlements
February 6, 2024
News
Malta: Transfer pricing guidelines
Malta Tax and Customs Administration published guidelines
February 6, 2024
News
Belgium: Parliament approves new law project to introduce e-invoicing mandate from 1 January 2026
The bill aligns with the structured e-invoice in EU Directive 2014/55/EU.
February 5, 2024
News
Malta: Time limitation on applicability of grandfathering provision under transfer pricing rules
The applicability of the grandfathering provision is limited to three years.
February 2, 2024
News
Cyprus: Proposed increase to Local file thresholds
New thresholds would be raised to €5 million for financial transactions and €1 million for all other categories of controlled transactions
February 2, 2024
News
Italy: Amendments to direct and indirect tax rules effective 1 January 2024
The 2024 budget law includes amendments to certain direct and indirect tax rules effective 1 January 2023.
January 31, 2024
News
UK: Updated transfer pricing guidance on allocation of risk in controlled transactions
HM Revenue & Customs (HMRC) updated transfer pricing guidance
January 30, 2024
News
Poland: Procedure for filing transfer pricing reporting forms for acquired entities
The Ministry of Finance issued a notice regarding the procedure for submitting transfer pricing reporting forms for acquired entities.
January 30, 2024
News
North Macedonia: New rulebook on application of VAT
The Ministry of Finance published in Official Gazette No. 18, a new rulebook on the application of the value added tax (VAT) law.
January 30, 2024
News
Poland: Sublicense receivables treated as capital assets; taxation of refunds from employee capital plans
Summaries of recent Supreme Administrative Court decisions
January 30, 2024
News
Sweden: European Commission opens State aid investigation into non-food biogas and bio-propane tax exemption schemes
Investigation follows the General Court's annulment of two previous EC decisions approving the tax exemptions
January 30, 2024
News
Poland: Employer not liable for VAT based on fraudulent invoices prepared by employee (CJEU judgment)
Employer exercised reasonable due diligence in monitoring the conduct of the employee
January 30, 2024
News
EU: Penalty relief due to technical issues related to CBAM registry and import control system 2
The EC release is giving an additional 30 days to submit their CBAM report due to technical issues.
January 30, 2024
News
Germany: Final guidance on CFC rules, other tax developments
Final guidance on application of the Foreign Transactions Tax Act (FTTA)
January 30, 2024
News
Germany: Guidance on obligations of payment service providers, other VAT developments
Guidance regarding obligations of payment service providers within framework of new centralized European system
January 30, 2024
News
Czech Republic: Information on application of VAT from January 2024
The General Financial Directorate published its information on changes to VAT rates from 1 January 2024.
January 29, 2024
News
Gibraltar: Amendment to the income tax law
Reforms to the Income Tax Act 2010
January 27, 2024
News
Spain: Amendments to tax incentives under taxes on economic activities and real estate (Madrid)
The Madrid City Council approved amendments to tax incentives under taxes on economic activities and real estate.
January 25, 2024
News
Albania: Withholding tax and double tax treaties applications
New Law no. 29/2023 on income tax introduces important changes in the way withholding tax is levied.
January 25, 2024
News
Serbia: Amendments to “Eco Tax” adopted
The National Assembly adopted amendments to the law on charges for usage of public resources.
January 24, 2024
News
Spain: Several corporate tax law measures declared unconstitutional (Constitutional Court decision)
The Constitutional Court declared several corporate tax law measures introduced by Royal Decree-Law 3/2016 unconstitutional.
January 24, 2024
News
Netherlands: Only beneficial owner of dividend entitled to credit dividend withholding tax (Supreme Court decision)
A Dutch Supreme Court held that only beneficial owner of dividends is entitled to credit dividend withholding tax with respect to such dividends
January 24, 2024
News
Poland: Taxation of employee incentive shares; supplementary capital contribution deductible
Summaries of recent Supreme Administrative Court decisions
January 23, 2024
News
Sweden: Interest deductions incurred to finance intra-group share acquisition allowed
Supreme Administrative Court decision
January 23, 2024
News
Sweden: Proposed amendments to rules on deducting prior year losses to facilitate changes in ownership
A memorandum proposing amendments to rules on deducting prior year losses in order to facilitate changes in ownership
January 23, 2024
News
Cyprus: Extension of deadline to submit data to register of beneficial owners to 31 March 2024
Deadline to submit beneficial owners details, for all companies and other legal entities, extended to 31 March 2024
January 22, 2024
News
Malta: Deduction in respect of intellectual property and intellectual property rights
A deduction with respect to expenditure of a capital nature on intellectual property or intellectual property rights
January 22, 2024
News
OECD: Comments on public consultation on model treaty commentary on extractible natural resources
Comments received on public consultation document on proposed changes to commentary on Article 5 of the OECD Model Tax Convention
January 22, 2024
News
Isle of Man: Updated FATCA and CRS guidance
The Income Tax Division issued updated FATCA and CRS guidance.
January 20, 2024
News
Malta: Updates to pension tax exemption and rebate rules
Updated amounts applicable on pension income derived on or after 1 January 2024 by individuals at least 61 years old
January 19, 2024
News
Italy: Procedure for obtaining hybrid mismatch penalty protection
Rules allowing taxpayers to obtain penalty protection relating to hybrid mismatch disputes by compiling certain documentary evidence
January 19, 2024
News
Poland: Mandatory e-invoicing system postponed
National e-invoicing system (KSeF) will be implemented at a later date
January 19, 2024
News
Bulgaria: Amendments to individual income tax and social security contributions effective 1 January 2024
Legislation became effective 1 January 2024
January 19, 2024
News
Spain: Amendments to special inbound expatriate regime
Royal Decree 1008/2023
January 18, 2024
News
Italy: Pillar Two global minimum tax rules implemented
Legislative decree n. 209 implemented the EU Minimum Tax Directive in Italy effective 1 January 2024.
January 18, 2024
News
Italy: New tax calendar, implications for transfer pricing documentation
Taxpayers must file income tax returns within nine months (rather than the current 11 months) of the financial year end
January 17, 2024
News
Czech Republic: Changes in VAT from 2024; amendment to Real Estate Tax Act
The consolidation package came into effect and includes changes in VAT and amendments to the Real Estate Tax Act.
January 17, 2024
News
Czech Republic: Treaty must be interpreted based primarily on general interpretation rules
Supreme Administrative Court decision
January 17, 2024
News
Czech Republic: Legislation introducing top-up tax, implementing EU directive on global minimum tax, now effective
The law introducing a top-up tax to implement the EU directive on global minimum tax became effective on 31 December 2023.
January 17, 2024
News
Belgium: Lower house of Parliament adopts draft law implementing public country-by-country reporting
The lower house of Parliament adopted draft law transposing EU directive on public country-by-country reporting
January 17, 2024
News
Spain: Changes to tax regime for non-profit entities and tax incentives for patronage
The tax regime for non-profit entities and tax incentives for patronage became effective 1 January 2024.
January 16, 2024
News
Poland: Taxation of benefits provided to workers in another EU member state; deductibility of debt financing costs
A report that includes summaries of recent decisions of the Supreme Administrative Court
January 16, 2024
News
Poland: Bill on cryptoassets; Minister of Finance activities for 2024
Reports about recent tax-related developments
January 16, 2024
News
Belgium: Law project to introduce a new e-invoicing mandate from January 2026
Belgian parliament expected to approve the law project proposed by the government in the coming months.
January 13, 2024
News
Spain: Tax measures in new laws approved at end of 2023
Royal Decree-Law 8/2023 and Royal Decree 1171/2023
January 12, 2024
News
Sweden: Voluntary tax liability for VAT purposes appliable in context of jointly managed rental properties
A Supreme Administrative Court case concerning voluntary tax liability for VAT purposes.
January 12, 2024
News
France: Tax-related provisions in finance law for 2024
Pillar Two rules and transfer pricing documentation changes
January 12, 2024
News
Cyprus: Reduced special defence contribution rate on interest
Reduced to 17% (from 30%)
January 11, 2024
News
Spain: Procedures for VAT required during January and February 2024
Requests, communications, and other procedures that must be carried out during the months of January and February 2024
January 11, 2024
News
Bulgaria: Amendments to VAT law effective 1 January 2024
Deferred payments, deduction adjustments, and new registration rules
January 10, 2024
News
Spain: Issues to be considered by financial, insurance industries when calculating VAT pro-rata for 2023
Issues to be considered by financial and insurance industries when calculating VAT pro-rata for 2023
January 10, 2024
News
Serbia: Amendments to rulebook on e-invoicing adopted
The Ministry of Finance of the Republic of Serbia adopted amendments to the rulebook on electronic invoicing.
January 9, 2024
News
Greece: New law introduces amendments to taxation of insurance funds and pension plans
New law introduces amendments to taxation of professional insurance funds and group insurance pension plans and equalizes their tax treatment
January 9, 2024
News
Moldova: Fixed social security and health insurance contributions for 2024
Law No. 419 and Law No. 420
January 8, 2024
News
Cyprus: Registration in tax registry must be done electronically through taxpayer portal
Registration requests submitted with the T.F. Form 2001 will no longer be accepted.
January 8, 2024
News
Poland: Refusal to apply preferential withholding tax treatment; R&D conducted by contractor treated as carried out by taxpayer
Summaries of recent decisions of the Supreme Administrative Court
January 8, 2024
News
Poland: Guidance on obligation to submit transfer pricing information, base interest rates and margin rates
The Ministry of Finance published transfer pricing guidance
January 8, 2024
News
Greece: Tax provisions in new law
Law 5073/2023
January 5, 2024
News
Netherlands: Farewell bonuses not treated as non-deductible participation selling costs (Supreme Court decision)
Farewell bonuses paid to personnel of a sold Dutch subsidiary were deductible
January 4, 2024
News
Sweden: Revaluation of tax base for VAT purposes for group-wide services (CJEU referral)
Supreme Administrative Court (HFD) requested a preliminary ruling from the Court of Justice of the European Union (CJEU)
January 4, 2024
News
Serbia: Amendments to VAT rulebook
Amended rulebook applies as of 1 January 2024
January 3, 2024
News
North Macedonia: New rulebook on VAT registration of foreign taxpayers through a tax representative
New form to be submitted
January 3, 2024
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