International Tax Europe and Africa February 2025
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 February and 28 February 2025.
For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.
To contact the International Tax Team email internationaltax@kpmg.com.
To register for the International Tax webcasts, click here.
Austria
Austria | |||
Administrative and case law | Income tax | 12 February 2025 | Determination of amount of employee monetary benefit from employer events (Finance Court decision). Read more. |
Belgium
Belgium | |||
Administrative and case law | Income tax | 26 February 2025 | “Fairness tax” compatible with European Union law. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 13 February 2025 | Modernization of Value Added Tax (VAT) rules. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 13 February 2025 | Technical and legislative amendments for new small business Value Added Tax (VAT) exemption regime. Read more. |
Proposed legislation | Various tax topics | 03 February 2025 | Coalition agreement of new government proposes tax reform. Read more. |
Bosnia and Herzegovina
Bosnia and Herzegovina | |||
Proposed legislation | Indirect tax | 19 February 2025 | Bosnia and Herzegovina: Proposed Value Added Tax (VAT) changes. Read more. |
Proposed legislation | Income tax | 19 February 2025 | Proposed amendments to rules for small entrepreneurs (Republic of Srpska). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 04 February 2025 | New excise duty rates on manufactured tobacco. Read more. |
Botswana
Botswana | |||
Proposed legislation | Various tax topics | 10 February 2025 | Tax proposals in 2025/2026 budget. Read more. |
Cyprus
Cyprus | |||
Tax legislation approved and regulatory update | Various tax topics | 13 February 2025 | Penalty relief for late 2022 tax filings. Read more. |
Czech Republic
Czech Republic | |||
Tax legislation approved and regulatory update | Indirect tax | 13 February 2025 | Amendments in Value Added Tax (VAT) law 2025 include changes to registration threshold, implementation of European Union small business scheme for cross-border supplies. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 13 February 2025 | Guidance on application of Value Added Tax (VAT) to fuel cards. Read more. |
Proposed legislation | Income tax | 13 February 2025 | Proposed amendment changing depreciation of photovoltaic power plants. Read more. |
Administrative and case law | Income tax | 07 February 2025 | Implementation of interest and royalties directive. Read more. |
Tax legislation approved and regulatory update | Income tax | 03 February 2025 | Legislation extending tax deductibility of donations to Ukraine passes Senate. Read more. |
Democratic Republic of Congo
Democratic Republic of Congo | |||
Tax legislation approved and regulatory update | Various tax topics | 14 February 2025 | Guidance on “windfall profits tax” on mining sector. Read more. |
Denmark
Denmark | |||
Proposed legislation | BEPS Pillar 2 | 26 February 2025 | Proposed amendments to Pillar Two law. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 21 February 2025 | Carbon tax refunds for captured and stored CO2 emissions. Read more. |
European Union
European Union | |||
Tax legislation approved and regulatory update | Tax compliance | 27 February 2025 | European Commission clean industrial deal to recommend adoption of tax incentives for “clean-tech” sector. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 1,2 | 26 February 2025 | Public meeting of European Parliament Subcommittee on Tax Matters with European Commissioner responsible for tax. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 18 February 2025 | Council adopts new legislation on electronic Value Added Tax (VAT) exemption certificate. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 18 February 2025 | European Commission publishes work program for 2025. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 18 February 2025 | Updated list of non-cooperative tax jurisdictions. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 07 February 2025 | Outcome of January 2025 Economic and Financial Affairs Council of the EU (ECOFIN) meeting, European Commission competitive compass communication. Read more. |
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Finland
Finland | |||
Tax legislation approved and regulatory update | Tax compliance | 03 February 2025 | Updated FATCA and Common Reporting Standard Frequently Asked Questions. Read more. |
France
France | |||
Tax legislation approved and regulatory update | Various tax topics | 11 February 2025 | Tax measures in Finance Act 2025. Read more. |
Germany
Germany | |||
Administrative and case law | Indirect tax | 28 February 2025 | Application of trade tax addition to advertising expenses, tax policy implications of Parliamentary elections, other tax developments. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 28 February 2025 | Bundestag Election 2025: Tax Policy Plans of the Parties. Read more. |
Tax legislation approved and regulatory update | Treaties | 28 February 2025 | Federal Ministry of Finance: Status of Double Taxation Treaties. Read more. |
Administrative and case law | Tax compliance | 28 February 2025 | Federal Tax Court (III R 1/23): No Extended Trade Tax Deduction if the Entire Property Is Sold During the Tax Period. Read more. |
Greece
Greece | |||
Tax legislation approved and regulatory update | Income tax | 24 February 2025 | New law introduces tax measures for tips, sole proprietorships, short-term rentals, and payment deadlines. Read more. |
Tax legislation approved and regulatory update | Income tax | 20 February 2025 | Changes in calculation of maximum amount of contributions and insurance premiums paid to insurance funds and pension plans. Read more. |
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Guinea-Bissau
Guinea-Bissau | |||
Tax legislation approved and regulatory update | Income tax | 24 February 2025 | New law introduces tax measures for tips, sole proprietorships, short-term rentals, and payment deadlines. Read more. |
Tax legislation approved and regulatory update | Income tax | 20 February 2025 | Changes in calculation of maximum amount of contributions and insurance premiums paid to insurance funds and pension plans. Read more. |
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Hungary
Hungary | |||
Tax legislation approved and regulatory update | Indirect tax | 14 February 2025 | European Union authorization to extend application of reverse charge mechanism to supplies during insolvency proceedings. Read more. |
Iceland
Iceland | |||
Tax legislation approved and regulatory update | Various tax topics | 19 February 2025 | Tax rates for 2025. Read more. |
Ireland
Ireland | |||
Tax legislation approved and regulatory update | Tax compliance | 28 February 2025 | Updated automatic exchange of information guidance. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 07 February 2025 | Updated guidance regarding controlled foreign company rules. Read more. |
Isle of Man
Isle of Man | |||
Proposed legislation | Various tax topics | 19 February 2025 | Tax measures in 2025 / 2026 budget. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 18 February 2025 | Value Added Tax (VAT) law amendments. Read more. |
Italy
Italy | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 07 February 2025 | List of jurisdictions with transitional qualified status for Pillar Two purposes. Read more. |
Jersey
Jersey | |||
Tax legislation approved and regulatory update | Tax compliance | 04 February 2025 | Guidance on common errors in FATCA and Common Reporting Standard reporting (Jersey). Read more. |
Kenya
Kenya | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 13 February 2025 | Legislation replacing digital services tax with significant economic presence tax, implementing Pillar Two rules. Read more. |
Tax legislation approved and regulatory update | Income tax | 07 February 2025 | Increased social security fund contribution rates effective February 2025. Read more. |
Liechtenstein
Liechtenstein | |||
Tax legislation approved and regulatory update | Tax compliance | 19 February 2025 | Adoption of consultation report on cryptoasset reporting framework Act, amendments to automatic exchange of financial account information Act. Read more. |
Lithuania
Lithuania | |||
Tax legislation approved and regulatory update | Income tax | 19 February 2025 | Commentary on definition of permanent establishment. Read more. |
Proposed legislation | Indirect tax | 19 February 2025 | Proposed Value Added Tax (VAT) exemption for humanitarian aid delivered outside European Union. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 19 February 2025 | Updated lists of common reporting standards reportable and participating jurisdictions. Read more. |
Malta
Malta | |||
Tax legislation approved and regulatory update | Indirect tax | 14 February 2025 | Recent Value Added Tax (VAT) changes include implementation of European Union small business scheme for cross-border supplies, exemption for certain health care products. Read more. |
Netherlands
Netherlands | |||
Proposed legislation | Various tax topics | 20 February 2025 | 2025 tax plan for BES Islands submitted to Parliament. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 20 February 2025 | Implementation of proposal for new “Box 3” (wealth tax) regime postponed until 2028. Read more. |
Tax legislation approved and regulatory update | Income tax | 20 February 2025 | Updated guidance on tax treatment of stock options. Read more. |
Tax legislation approved and regulatory update | Income tax | 18 February 2025 | Class action against interest on tax due charged for corporate income tax. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 18 February 2025 | Tax return deadline for inframarginal electricity levy is April 1, 2025. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 07 February 2025 | Updated list of non-cooperative tax jurisdictions. Read more. |
Niger
Niger | |||
Tax legislation approved and regulatory update | Indirect tax | 21 February 2025 | Value Added Tax (VAT) obligations for digital platforms from January 1, 2025. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 17 February 2025 | Tax measures in 2025 budget. Read more. |
OCED
OECD | |||
Tax legislation approved and regulatory update | BEPS Pillar 1,2 | 27 February 2025 | Report to G20 Finance Ministers and Central Bank Governors, recent developments in international tax cooperation. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 1 | 24 February 2025 | Consolidated report on Amount B. Read more. |
Proposed legislation | Various tax topics | 07 February 2025 | Public consultation on tax incentives. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 06 February 2025 | Preferential tax regimes under BEPS Action 5. Read more. |
Poland
Poland | |||
Proposed legislation | Transfer pricing | 26 February 2025 | Proposed amendments to mandatory disclosure rules (DAC6). Read more. |
Proposed legislation | Indirect tax | 25 February 2025 | Amendments to tax laws passed by lower house of Parliament. Read more. |
Administrative and case law | Indirect tax | 25 February 2025 | Summaries of recent Supreme Administrative Court decisions. Read more. |
Administrative and case law | Indirect tax | 20 February 2025 | Applicability of Value Added Tax (VAT) exemption, UK sales revenue determined net of UK VAT. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 20 February 2025 | List of jurisdictions with qualified status for Pillar Two purposes. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 11 February 2025 | Payment to achieve target profitability not subject to Value Added Tax (VAT), only one tax identification number required. Read more. |
Portugal
Portugal | |||
Tax legislation approved and regulatory update | Income tax | 27 February 2025 | Municipal surcharges rates of corporate income tax for FY2024. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 27 February 2025 | Tax measures in 2025 budget law. Read more. |
Romania
Romania | |||
Tax legislation approved and regulatory update | Indirect tax | 14 February 2025 | Guidance regarding Value Added Tax (VAT) compliance for income from short-term rentals through online platforms. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 14 February 2025 | Tax amendments include increased dividend withholding tax rate, tax on special constructions. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 14 February 2025 | Value Added Tax (VAT) exemption for certain supplies to hospitals, amendments to VAT regime for deposit return system. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 13 January 2025 | Romania Obtains Status as a Jurisdiction with Qualified Legislation under Global Minimum Tax Rules. Read more. |
Serbia
Serbia | |||
Tax legislation approved and regulatory update | Indirect tax | 04 February 2025 | Amendments to electronic invoicing rulebook. Read more. |
Slovakia
Slovakia | |||
Tax legislation approved and regulatory update | Indirect tax | 27 February 2025 | Guidance on application of reduced Value Added Tax (VAT) rate on accommodations, excise tax on electricity. Read more. |
Proposed legislation | Indirect tax | 27 February 2025 | Parliament considers proposed legislation to amend Value Added Tax (VAT) law, reduce excise tax on fuels. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 27 February 2025 | Proposed amendments to implement exchange of Pillar Two information between European Union member states (DAC9). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 21 February 2025 | Implementation of EU directives on Value Added Tax (VAT) for small businesses and VAT rates. Read more. |
Proposed legislation | Indirect tax | 07 February 2025 | Second amendment to Financial Transaction Tax Act expands exemptions. Read more. |
Spain
Spain | |||
Tax legislation approved and regulatory update | Transfer pricing | 14 February 2025 | Public country-by-country reporting obligations. Read more. |
Tax legislation approved and regulatory update | Income tax | 04 February 2025 | Solidarity charge effective January 1, 2025. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 03 February 2025 | Updated guidance on common errors in information received via Form 289. Read more. |
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Sweden
Sweden | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 13 February 2025 | Government report to Parliament on European Union proposal for exchange of Pillar Two information between EU member states (DAC9). Read more. |
Proposed legislation | Indirect tax | 12 February 2025 | Proposed extension of energy tax exemption to electricity consumed for heating ladles and similar processes in metallurgical processes. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 21 January 2025 | Amendments to Swedish Top-up Tax Act enacted. Read more. |
Switzerland
Switzerland | |||
Tax legislation approved and regulatory update | Indirect tax | 04 February 2025 | Final Value Added Tax (VAT) guidelines on platform rules for goods. Read more. |
Ukraine
Ukraine | |||
Tax legislation approved and regulatory update | Income tax | 19 February 2025 | Guidance regarding treatment of legal entities acquiring Diia City residence mid-tax year. Read more. |
Tax legislation approved and regulatory update | Transfer Pricing | 19 February 2025 | Updates to scope of “controlled transactions” for transfer pricing purposes. Read more. |
United Kingdom
United Kingdom | |||
Administrative and case law | Treaties | 20 February 2025 | Taxation of payments based on UK continental shelf oil production under Canada treaty (Supreme Court decision). Read more. |
Proposed legislation | Indirect tax | 14 February 2025 | Public consultation on e-invoicing. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 07 February 2025 | Amendments to Pillar Two rules in amended Finance Bill 2024-2025. Read more. |
Proposed legislation | BEPS Pillar 2 | 06 February 2025 | Consultation on supplementary draft guidance on Pillar Two global minimum tax rules. Read more. |
Tax legislation approved and regulatory update | Transfer Pricing | 06 February 2025 | HM Revenue and Customs transfer pricing and diverted profits tax statistics for FY 2023-2024. Read more. |
Administrative and case law | Income tax | 06 February 2025 | Payments to settle regulatory investigation deductible, claim for cross-border group relief barred. Read more. |
Zambia
Zambia | |||
Proposed legislation | Various tax topics | 20 February 2025 | Proposed amendments to tax bills following budget report. Read more. |
