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 June and 30 June 2025.
International Tax Europe and Africa June 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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Belgium
Belgium | |||
Administrative and case law | Tax compliance | 24 June 2025 | Opening of common reporting standard (CRS) portal and extended common reporting standard reporting deadline announced. Read more. |
Administrative and case law | Income tax | 13 June 2025 | Failure to allow deductibility of controlled foreign company taxes does not violate obligation to implement Anti-Tax Avoidance Directive (CJEU Advocate General opinion). Read more. |
Croatia
Croatia | |||
Tax legislation approved and regulatory update | Indirect tax | 17 June 2025 | E-invoicing to become mandatory for domestic transactions. Read more. |
Cyprus
Cyprus | |||
Tax legislation approved and regulatory update | Indirect tax | 24 June 2025 | Value Added Tax (VAT) law amendments on place of supply for virtual events. Read more. |
Denmark
Denmark | |||
Tax legislation approved and regulatory update | Transfer pricing | 03 June 2025 | Simplified transfer pricing rules and reduced documentation burden. Read more. |
Estonia
Estonia | |||
Proposed legislation | Income tax | 13 June 2025 | Proposed increase in corporate and individual income tax rates. Read more. |
European Union
European Union | |||
Tax legislation approved and regulatory update | Various tax topics | 23 June 2025 | Report following June 2025 Economic and Financial Affairs Council (ECOFIN) meeting. Read more. |
France
France | |||
Administrative and case law | Income tax | 20 June 2025 | Digital services tax referred to French Constitutional Court. Read more. |
Germany
Germany | |||
Tax legislation approved and regulatory update | Various tax topics | 27 June 2025 | Planned digital levy for large digital platforms, other tax developments. Read more. |
Tax legislation approved and regulatory update | Income tax | 26 June 2025 | Legislation aimed at stimulating investment passed by lower house of Parliament. Read more. |
Administrative and case law | Various tax topics | 25 June 2025 | Updated FATCA and common reporting standard guidance. Read more. |
Proposed legislation | Income tax | 10 June 2025 | Draft legislation aimed at stimulating investment introduced to lower house of Parliament. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 03 June 2025 | Implications of new obligation to correct tax returns on transfer pricing issues. Read more. |
Gibraltar
Gibraltar | |||
Tax legislation approved and regulatory update | Income tax | 25 June 2025 | CRS compliance program and voluntary disclosure opportunity. Read more. |
Iceland
Iceland | |||
Proposed legislation | BEPS Pillar 2 | 13 June 2025 | Public consultation on draft legislation implementing Pillar Two global minimum tax rules. Read more. |
Ireland
Ireland | |||
Tax legislation approved and regulatory update | Tax compliance | 25 June 2025 | Return filing and payment deadline extended for taxpayers using Revenue Online Service. Read more. |
Italy
Italy | |||
Tax legislation approved and regulatory update | Tax compliance | 18 June 2025 | Extended deadline for penalty-protection documentation on hybrid mismatches. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 06 June 2025 | Guidance on digital services tax in online gaming and betting sector. Read more. |
Administrative and case law | Income tax | 05 June 2025 | Dividend withholding tax refund claims for nonresident investment funds. Read more. |
Kenya
Kenya | |||
Proposed legislation | Various tax topics | 13 June 2025 | Tax proposals in 2025/2026 budget. Read more. |
Latvia
Latvia | |||
Tax legislation approved and regulatory update | Indirect tax | 26 June 2025 | Implementation of e-invoicing system for B2B transactions postponed. Read more. |
Mauritius
Mauritius | |||
Administrative and case law | Income tax | 09 June 2025 | Taxpayer not allowed to defer annual allowances for acquired assets to more profitable years (Supreme Court decision). Read more. |
Tax legislation approved and regulatory update | Tax compliance | 18 June 2025 | E-invoicing to become mandatory for new group of taxpayers. Read more. |
Proposed legislation | Income tax | 09 June 2025 | Proposed tax measures in 2025-2026 budget, including domestic minimum top-up tax. Read more. |
Administrative and case law | Income tax | 02 June 2025 | Assessment review committee ruling on timing of acquisition for investment tax credit purposes. Read more. |
Moldova
Moldova | |||
Proposed legislation | Indirect tax | 26 June 2025 | Consultations regarding indirect tax calculations and new tax rules for independent entrepreneurs. Read more. |
Netherlands
Netherlands | |||
Administrative and case law | Transfer pricing | 25 June 2025 | Mutual agreement procedures team annual report for 2024. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 17 June 2025 | Report on international tax rulings, including advance pricing agreement, requested during 2024. Read more. |
Proposed legislation | Income tax | 16 June 2025 | Government report on concerns relating to new framework for determining characterization for tax purposes of foreign legal forms. Read more. |
Nigeria
Nigeria | |||
Proposed legislation | Various tax topics | 26 June 2025 | Proposed legislation to reform tax system. Read more. |
Tax legislation approved and regulatory update | Income tax | 16 June 2025 | New cost efficiency incentive framework for upstream oil and gas sector. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 11 June 2025 | E-invoicing expected to begin in July 2025. Read more. |
Norway
Norway | |||
Proposed legislation | Various tax topics | 13 June 2025 | Public consultation on introduction of list of non-cooperative tax jurisdictions. Read more. |
OECD
OECD | |||
Administrative and case law | Treaties | 30 June 2025 | BEPS Action 14 MAP peer review results. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 30 June 2025 | European Commission adopts Clean Industry State Aid Framework. Read more. |
Administrative and case law | Various tax topics | 17 June 2025 | Report on digitalization of tax administration. Read more. |
Administrative and case law | Various tax topics | 02 June 2025 | User guides for new status message XML schemas for Crypto-Asset Reporting Framework CARF and Common Reporting Standard (CRS), consolidated text of CRS. Read more. |
KPMG publication | Transfer pricing | 02 June 2025 | Global Transfer Pricing Review. Read more. |
Poland
Poland | |||
Tax legislation approved and regulatory update | Indirect tax | 25 June 2025 | Bill on national electronic invoicing system (KSeF) passed by Council of Ministers. Read more. |
KPMG publication | Income tax | 18 June 2025 | Deductibility of price adjustments and training expenses under corporate income tax law. Read more. |
Administrative and case law | Income tax | 10 June 2025 | Application of provision exempting dividends from withholding tax (Supreme Administrative Court decision) Provision may still apply if dividend recipient enjoys. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 10 June 2025 | Additional guidance on e-invoicing system. Read more. |
Romania
Romania | |||
Proposed legislation | BEPS Pillar 2 | 23 June 2025 | Draft form for declaration and payment of domestic top-up tax under Pillar Two rules. Read more. |
South Africa
South Africa | |||
Proposed legislation | Income tax | 27 June 2025 | Updated guidance on tax return for companies, beneficial ownership reporting. Read more. |
Proposed legislation | Tax compliance | 23 June 2025 | Draft notice for public comment on revised common reporting standard penalty framework. Read more. |
Spain
Spain | |||
Administrative and case law | Income tax | 27 June 2025 | EC decision that law allowing companies to deduct goodwill resulting from indirect stock acquisitions annulled (CJEU judgment). Read more. |
Proposed legislation | BEPS Pillar 2 | 16 June 2025 | Consultation on draft Pillar Two forms. Read more. |
Sweden
Sweden | |||
Proposed legislation | Income tax | 13 June 2025 | Proposed reduction in corporate tax rate. Read more. |
Proposed legislation | Income tax | 13 June 2025 | Proposed changes to interest deduction limitation rules. Read more. |
Proposed legislation | Various tax topics | 09 June 2025 | Proposal for implementation of directive on cryptoasset reporting (DAC8). Read more. |
Switzerland
Switzerland | |||
Tax legislation approved and regulatory update | Income tax | 13 June 2025 | New package of tax incentives. Read more. |
Tanzania
Tanzania | |||
Proposed legislation | Various tax topics | 16 June 2025 | Tanzania: Tax proposals in 2025/2026 budget. Read more. |
Uganda
Uganda | |||
Proposed legislation | Various tax topics | 16 June 2025 | Uganda: Tax proposals in 2025/2026 budget. Read more. |
United Kingdom
United Kingdom | |||
Administrative and case law | Transfer pricing | 26 June 2025 | Updated manual on advance pricing agreements and cost contribution arrangements. Read more. |
Tax legislation approved and regulatory update | Income tax | 12 June 2025 | Update on consultation on tax treatment of carried interest. Read more. |
