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 31 July 2025.
International Tax Europe and Africa July 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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Austria
Austria | |||
Administrative and case law | BEPS Pillar 2 | 07 July 2025 | Frequently Added Questions on Pillar Two rules. Read more. |
Belgium
Belgium | |||
Tax legislation approved and regulatory update | Indirect tax | 21 July 2025 | Guidance addressing structured e-invoicing. Read more. |
Administrative and case law | BEPS Pillar 2 | 18 July 2025 | Obligation to pay top-up tax under the undertaxed profits rule (UTPR) on low-taxed profits of group members outside Belgium (CJEU referral). Read more. |
Tax legislation approved and regulatory update | Various tax topics | 07 July 2025 | Proposed direct and indirect tax measures under government agreement to be presented to Parliament. Read more. |
Benin
Benin | |||
Tax legislation approved and regulatory update | Various tax topics | 14 July 2025 | Taxation of hydrocarbon distribution activities. Read more. |
Bulgaria
Bulgaria | |||
Tax legislation approved and regulatory update | Tax compliance | 28 July 2025 | Guidance on standard audit file for tax (SAF-T) report. Read more.
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Tax legislation approved and regulatory update | Various tax topics | 23 July 2025 | Introduction of use of euro as of January 1, 2026. Read more.
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Channel Islands
Channel Islands | |||
Tax legislation approved and regulatory update | Tax compliance | 03 July 2025 | Guidance on CRS and cryptoasset reporting framework (Guernsey). Read more. |
Croatia
Croatia | |||
Administrative and case law | Indirect tax | 09 July 2025 | Excise duty chargeable on basis of fictitious supply of excise goods incompatible with EU law (CJEU General Court judgment). Read more. |
Egypt
Egypt | |||
Tax legislation approved and regulatory update | Various tax topics | 30 July 2025 | New taxpayers required to comply with mandate to issue electronic receipts for B2C transactions. Read more. |
Estonia
Estonia | |||
Tax legislation approved and regulatory update | Indirect tax | 02 July 2025 | Increase in standard Value Added Tax (VAT) rate effective July 1, 2025. Read more. |
Ethiopia
Ethiopia | |||
Tax legislation approved and regulatory update | Indirect tax | 11 July 2025 | Further guidance on application of new Value Added Tax (VAT) rules for nonresident digital services providers on application of new VAT rules for nonresident digital services providers. Read more. |
European Union
European Union | |||
Proposed legislation | Indirect tax | 24 July 2025 | Public consultation on Value Added Tax (VAT) rules for travel and tourism sectors. Read more. |
Proposed legislation | Various tax topics | 17 July 2025 | European Commission (EC) proposal for system of own resources. Read more. |
Administrative and case law | Transfer pricing | 17 July 2025 | Obligations between taxpayers and French Tax Authorities (FTA) under advance pricing agreements (APAs). Read more. |
Proposed legislation | Indirect tax | 16 July 2025 | Proposal to postpone mandatory B2B e-invoicing until 2027. Read more. |
Proposed legislation | Various tax topics | 07 July 2025 | Priorities of Danish Presidency of EU Council. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 07 July 2025 | Implementing regulation to facilitate automatic exchange of tax information under DAC9. Read more. |
Proposed legislation | Various tax topics | 03 July 2025 | European Commission issues recommendations on tax incentives to support Clean Industrial Deal. Read more. |
Finland
Proposed legislation | Various tax topics | 30 July 2025 | Proposed tax changes in mid-term budget negotiations. Read more. |
Proposed legislation | Indirect tax | 25 July 2025 | Consultation on proposal to increase tax on soft drinks, certain fermented beverages. Read more. |
Administrative and case law | Various tax topics | 08 July 2025 | Correction of FATCA and Common Reporting Standard (CRS) annual information returns. Read more. |
France
France | |||
Administrative and case law | Income tax | 31 July 2025 | Tax consolidation regime and nonresident subsidiary losses (Court of Justice of the European Union (CJEU) referral). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 18 July 2025 | Updated administrative guidelines for Value Added Tax (VAT) treatment of composite supplies. Read more. |
Tax legislation approved and regulatory update | Income tax | 18 July 2025 | Rate limits for interest deductibility of interest paid to shareholders. Read more. |
Germany
Germany | |||
Administrative and case law | Indirect tax | 15 July 2025 | Import Value Added Tax (VAT) on re-importation of goods, other VAT developments. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 15 July 2025 | Application of transaction matrix requirement for transfer pricing. Read more. |
Administrative and case law | Various tax topics | 08 July 2025 | Updated FATCA guidance. Read more. |
Greece
Greece | |||
Tax legislation approved and regulatory update | Income tax | 31 July 2025 | Enhanced tax incentives for family offices. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 30 July 2025 | Parliament passes bill on business-to-business (B2B) electronic invoicing (e-invoicing) mandate. Read more. |
Hungary
Hungary | |||
Tax legislation approved and regulatory update | Various tax topics | 07 July 2025 | Direct and indirect tax amendments, including changes to Pillar Two rules. Read more. |
Iceland
Iceland | |||
Tax legislation approved and regulatory update | Indirect tax | 22 July 2025 | Guidance on lodging tax, infrastructure charges for cruise ships. Read more. |
Ireland
Ireland | |||
Tax legislation approved and regulatory update | Tax compliance | 23 July 2025 | Updated Common Reporting Standard (CRS) guidance. Read more. |
Latvia
Latvia | |||
Tax legislation approved and regulatory update | Various tax topics | 16 July 2025 | Draft amendments partially implementing DAC8. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 10 July 2025 | Amendments to expand use of payment service providers data in tax administration approved by Parliament. Read more. |
Liechtenstein
Liechtenstein | |||
Tax legislation approved and regulatory update | Various tax topics | 31 July 2025 | Implementation of Crypto-Asset Reporting Framework (CARF) and revised Common Reporting Standard (CRS) approved. Read more. |
Luxembourg
Luxembourg | |||
Proposed legislation | Income tax | 29 July 2025 | Transitional regime proposed for 2024 housing package tax measures. Read more. |
Proposed legislation | Income tax | 29 July 2025 | Draft legislation to modernize carried interest tax regime. Read more. |
Proposed legislation | Income tax | 14 July 2025 | Proposed legislation includes tax credit for start-up companies. Read more. |
Malta
Malta | |||
Tax legislation approved and regulatory update | Indirect tax | 30 July 2025 | Scope of Value Added Tax (VAT) exemptions for scheduled passenger transport services expanded. Read more. |
Tax legislation approved and regulatory update | Income tax | 30 July 2025 | Amendments to property-related tax exemption. Read more. |
Tax legislation approved and regulatory update | Income tax | 09 July 2025 | Budget law enacted including direct and indirect tax amendments. Read more. |
Moldova
Moldova | |||
Tax legislation approved and regulatory update | Various tax topics | 22 July 2025 | Legislation amending transfer pricing rules, exempting income derived by nonresident individuals from state securities, extending reduced value added tax rate to medical devices. Read more. |
Proposed legislation | Indirect tax | 22 July 2025 | Proposal to allow issuance of e-receipts guidance for SMEs exceeding value added tax registration threshold. Read more. |
Mozambique
Tax legislation approved and regulatory update | Indirect tax | 29 July 2025 | Value Added Tax (VAT) exemption for sugar, cooking oil, and soap. Read more. |
Netherlands
Netherlands | |||
Administrative and case law | Income tax | 31 July 2025 | Anti-abuse rule under parent-subsidiary directive (Supreme Court decisions). Read more. |
KPMG publication | Various tax topics | 15 July 2025 | KPMG report: Shipping and offshore tax update (July 2025). Read more. |
Tax legislation approved and regulatory update | Income tax | 14 July 2025 | Rebuttal provision in Box 3 approved by upper house of Parliament. Read more. |
KPMG publication | Various tax topics | 02 July 2025 | Global developments in ESG-related taxes, incentives, and grants (ESG tax tracker, updated July 2025). Read more. |
Nigeria
Nigeria | |||
Proposed legislation | Income tax | 31 July 2025 | Update on proposed legislation to reform tax system. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 17 July 2025 | New law rebrands the tax authority. Read more. |
Proposed legislation | Indirect tax | 15 July 2025 | Tax reform and the power sector. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 14 July 2025 | Coordination of revenue administration. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 14 July 2025 | National e-invoicing regime for large taxpayers. Read more. |
OECD
OECD | |||
Administrative and case law | BEPS Pillar 2 | 30 July 2025 | Updated data exchange formats for global minimum tax (GMT), Cryptoasset Reporting Framework (CARF), new FAQs on CARF, common reporting standard. Read more. |
Administrative and case law | Transfer pricing | 28 July 2025 | Second batch of updated transfer pricing country profiles. Read more. |
Proposed legislation | Transfer pricing | 24 July 2025 | Consultation on transfer pricing framework for copper. Read more. |
Administrative and case law | Various tax topics | 18 July 2025 | Reports on developments in international tax cooperation and transparency. Read more. |
Poland
Poland | |||
Administrative and case law | Income tax | 31 July 2025 | General liability insurance premiums not deductible (Supreme Administrative Court decision). Read more. |
Tax legislation approved and regulatory update | Various tax topics | 31 July 2025 | Legislation limiting partnership tax reporting signed into law, bill on national electronic invoicing system (KSeF) passed by lower house of Parliament. Read more. |
Tax legislation approved and regulatory update | Income tax | 24 July 2025 | Withholding tax guidelines related to application of “beneficial owner clause”. Read more. |
Tax legislation approved and regulatory update | Income tax | 23 July 2025 | Legislation limiting certain tax reporting passed by Senate. Read more. |
Administrative and case law | Income tax | 15 July 2025 | Retroactive changes to tax depreciation rates (Supreme Administrative Court). Read more. |
Administrative and case law | Income tax | 15 July 2025 | Clearance opinion issued on sequence of activities involving family foundation. Read more. |
Tax legislation approved and regulatory update | Income tax | 15 July 2025 | Application of beneficial owner clause in withholding tax. Read more. |
Proposed legislation | Indirect tax | 09 July 2025 | Value Added Tax (VAT) amendments added to work of Council of Ministers, consultation on draft clarifications on VAT accounting rules for deposits. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 01 July 2025 | Tax amendments passed by lower and upper houses of Parliament. Read more. |
Administrative and case law | Various tax topics | 01 July 2025 | Summaries of recent court decisions. Read more. |
Slovakia
Slovakia | |||
Tax legislation approved and regulatory update | Indirect tax | 21 July 2025 | Value Added Tax (VAT) rules for local reverse charge. Read more. |
Proposed legislation | Indirect tax | 09 July 2025 | Value Added Tax (VAT) rules clarified for leasing contracts with purchase option. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 09 July 2025 | Reduced value added tax rate on state-supported rental housing approved by Parliament. Read more. |
Proposed legislation | Various tax topics | 09 July 2025 | Draft bill to amend Financial Transaction Tax Act. Read more. |
Slovenia
Slovenia | |||
Tax legislation approved and regulatory update | Income tax | 18 July 2025 | Introducing New Contributions under the Long-Term Care Act. Read more. |
South Africa
South Africa | |||
Administrative and case law | Indirect tax | 29 July 2025 | Vendor may appeal ruling allowing use of alternative method of apportionment not requested by vendor (Supreme Court of Appeal decision). Read more. |
Spain
Spain | |||
Administrative and case law | Indirect tax | 10 July 2025 | Deadline to claim Value Added Tax (VAT) refund is September 30, 2025. Read more. |
United Kingdom
United Kingdom | |||
Proposed legislation | Various tax topics | 24 July 2025 | Consultation on proposed tax measures for Finance Bill 2025-2026 & HM Revenue & Customs Transformation Roadmap. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 11 July 2025 | Amendments to International Tax Compliance Regulations. Read more. |
Administrative and case law | Tax compliance | 10 July 2025 | New HMRC enforcement campaign targets directors’ loans. Read more. |
Administrative and case law | Indirect tax | 07 July 2025 | Online marketplaces liable for Value Added Tax (VAT) on goods sold by overseas businesses. Read more. |
