This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Europe and Africa Regions between 1 August and 31 August 2025.
International Tax Europe and Africa August 2025
For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.
To contact the International Tax Team email internationaltax@kpmg.com.
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Botswana
Botswana | |||
Proposed legislation | Indirect tax | 25 August 2025 | Proposed amendments to Value Added Tax (VAT) law. Read more. |
Cyprus
Cyprus | |||
Administrative and case law | Various tax topics | 28 August 2025 | Confirmation of beneficial owners’ details by December 31. Read more. |
Czech Republic
Czech Republic | |||
Administrative and case law | Indirect tax | 12 August 2025 | Guidance on reduction of Value Added Tax (VAT) deduction for bad debts. Read more. |
KPMG publication | Income tax | 12 August 2025 | Reports on recent tax-related Supreme Administrative Court (SAC) decisions. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 12 August 2025 | Extension of deadlines for first-time filing of Pillar Two information and tax returns. Read more. |
Egypt
Egypt | |||
Tax legislation approved and regulatory update | Indirect tax | 27 August 2025 | Value Added Tax (VAT) amendments to certain goods. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 27 August 2025 | New tax laws regarding compliance, incentives, and procedures. Read more. |
France
France | |||
Administrative and case law | Various tax topics | 07 August 2025 | Due diligence obligations for financial institutions under Common Reporting Standard (CRS). Read more. |
Germany
Germany | |||
Administrative and case law | Treaties & Income tax | 28 August 2025 | Compatibility of withholding tax rules with European Union free movement of capital (CJEU referral). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 26 August 2025 | Value Added Tax (VAT) Identification number compliance – audits and fines. Read more. |
Proposed legislation | Various tax topics | 22 August 2025 | Draft amendments to Pillar Two rules and other tax developments. Read more. |
Administrative and case law | Indirect tax | 04 August 2025 | Services provided by parent company to subsidiaries not “single supply” for Value Added Tax (VAT) valuation purposes (CJEU judgment), other VAT developments. Read more. |
Italy
Italy | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 28 August 2025 | Guidance issued on GloBE Information Return (GIR) notifications. Read more. |
Administrative and case law | Income tax | 01 August 2025 | Imposition of the regional tax on production activities (IRAP) on dividends received by financial intermediaries from subsidiaries resident in other member states is contrary to EU law (CJEU judgment). Read more. |
Jersey
Jersey | |||
Administrative and case law | Income tax | 15 August 2025 | Channel Islands: Multinational corporate income tax (MCIT) registration requirements under Pillar Two (Jersey). Read more. |
Luxembourg
Luxembourg | |||
Tax legislation approved and regulatory update | Income tax | 27 August 2025 | Guidance clarifies definition of “collective investment vehicle” (CIV). Read more. |
Proposed legislation | BEPS Pillar 2 | 01 August 2025 | Draft legislation to implement DAC9, amend Pillar Two rules to incorporate recent OECD guidance. Read more. |
Malta
Malta | |||
Tax legislation approved and regulatory update | Income tax | 27 August 2025 | Audit report exemptions for small companies. Read more. |
Mauritius
Mauritius | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 28 August 2025 | Finance Act 2025 includes 15% domestic minimum top-up tax (DMTT). Read more. |
Tax legislation approved and regulatory update | Various tax topics | 11 August 2025 | Tax dispute resolution shifts to Revenue Tribunal. Read more. |
Netherlands
Netherlands | |||
Tax legislation approved and regulatory update | Income tax | 28 August 2025 | Updated guidance on Anti-Tax Avoidance Directive (ATAD) interest-deduction limitation rules. Read more. |
Nigeria
Nigeria | |||
Tax legislation approved and regulatory update | Income tax | 28 August 2025 | 2025 Tax Act enacted including minimum taxation rules. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 12 August 2025 | Extended e-invoicing compliance deadline for large taxpayers. Read more. |
Tax legislation approved and regulatory update | Income tax | 11 August 2025 | Discontinuation of issuance of tax exemption certificates. Read more. |
Norway
Norway | |||
Administrative and case law | Indirect tax | 18 August 2025 | Portion of international cruises taking place in Norway subject to Value Added Tax (VAT) (Oslo District Court decision). Read more. |
OECD
OECD | |||
Administrative and case law | BEPS Pillar 2 | 28 August 2025 | Updated outcomes of Pillar Two transitional peer review process. Read more. |
Administrative and case law | Various tax topics | 19 August 2025 | Updated Frequently Asked Questions (FAQs) on Cryptoasset Reporting Framework (CARF) and Common Reporting Standard (CRS), and revised CARF XML schema user guide. Read more. |
Administrative and case law | BEPS Pillar 2 | 06 August 2025 | List of signatories to the GloBE Information Return (GIR) Multilateral Competent Authority Agreement (MCAA). Read more. |
Poland
Poland | |||
Tax legislation approved and regulatory update | Indirect tax | 29 August 2025 | President signs law mandating national electronic invoicing (e-invoicing) system (KSeF). Read more. |
Proposed legislation | Various tax topics | 28 August 2025 | Updated draft amendments to mandatory disclosure rules (DAC6). Read more. |
KPMG publication | Various tax topics | 26 August 2025 | Amendments to “sugar tax”, increase in corporate tax for banks, other tax developments. Read more. |
Proposed legislation | Income tax | 20 August 2025 | Proposed extension of exemption from obligation to apply pay and refund mechanism in withholding tax for payments made through intermediary remitters. Read more. |
Administrative and case law | Income tax | 20 August 2025 | Company’s tax liability cannot be challenged in suit against member of company’s board, holiday pay includible in research and development eligible costs. Read more. |
Proposed legislation | Various tax topics | 20 August 2025 | Intent to introduce new windfall profits tax on banking sector announced, proposed legislation introducing packaging fee. Read more. |
Administrative and case law | Indirect tax | 07 August 2025 | Guidance on mandatory disclosure rules (MDR). Read more. |
Administrative and case law | Various tax topics | 07 August 2025 | Branch may deduct interest on loan from foreign parent & Value Added Tax exemption for private imports (Supreme Administrative Court decisions). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 07 August 2025 | Legislation limiting partnership tax reporting published in journal of laws & bill on national electronic invoicing system passed by upper house of Parliament. Read more. |
Portugal
Portugal | |||
Administrative and case law | Income tax | 28 August 2025 | Interest on refunds for withheld taxes on dividends (Supreme Administrative Court decision). Read more. |
Slovenia
Slovenia | |||
Tax legislation approved and regulatory update | Treaties | 28 August 2025 | Tax Treaty with New Zealand is ratified. Read more. |
South Africa
South Africa | |||
Administrative and case law | Various tax topics | 25 August 2025 | Guidance on advance tax rulings, tariff system for excess electricity from renewable sources. Read more. |
Proposed legislation | Income tax | 25 August 2025 | Draft legislation addressing scope of section 23M. Read more. |
Proposed legislation | Income tax | 20 August 2025 | Proposed changes to anti-avoidance rules for hybrid equity instruments. Read more. |
Administrative and case law | Income tax | 19 August 2025 | Updated guide on royalties withholding tax return. Read more. |
Proposed legislation | Income tax | 19 August 2025 | Proposed amendment to repeal exemption for certain dividends recognized under IFRS. Read more. |
Proposed legislation | Income tax | 19 August 2025 | Proposed amendment to rules allowing deferral of foreign currency gain or loss on certain related-party debts. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 19 August 2025 | Increase in fuel levies. Read more. |
Tax legislation approved and regulatory update | Income tax | 19 August 2025 | Reduced interest rate for taxation of interest-free or low-interest loans. Read more. |
United Kingdom
United Kingdom | |||
Administrative and case law | BEPS Pillar 2 | 28 August 2025 | New guidance manual on Pillar Two. Read more. |
KPMG publication | Various tax topics | 18 August 2025 | Revised penalty framework and updated International Exchange of Information manual. Read more. |
Administrative and case law | Indirect tax | 07 August 2025 | Issues relating to stamp duty land tax (court decisions). Read more. |
