Austria
Austria | |||
Administrative and case law | Various tax topics | 22 April 2025 | Limitation on application of prohibition on deducting intragroup interest and license fees (Federal Finance Court decisions). Read more. |
International Tax Europe and Africa 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 April and 30 April 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.
Belgium
| Belgium | |||
Proposed legislation | Income tax | 30 April 2025 | Proposed capital gains tax on financial assets. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 17 April 2025 | Draft program law includes first series of tax measures included in coalition agreement. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 11 April 2025 | Tax return under Pillar Two rules. Read more. |
Bosnia and Herzegovina
Bosnia and Herzegovina | |||
Proposed legislation | Income tax | 16 April 2025 | Proposed forgiveness of interest on tax debts (Republic of Srpska). Read more. |
Bulgaria
Bulgaria | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 01 April 2025 | Amendments to Pillar Two law enacted. Read more. |
Cyprus
Cyprus | |||
Tax legislation approved and regulatory update | Income tax | 29 April 2025 | “Defensive” tax measures for payments to EU non-cooperative and low-tax jurisdictions. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 11 April 2025 | Guidance on Value Added Tax (VAT) treatment of unredeemed expired vouchers. Read more. |
Tax legislation approved and regulatory update | Income tax | 04 April 2025 | Extended deadline for non-taxation election on property leasing. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 03 April 2025 | Tax card for 2025. Read more. |
Czech Republic
Czech Republic | |||
Tax legislation approved and regulatory update | Income tax | 25 April 2025 | Single Monthly Employer Reporting and Related Changes to Income Tax. Read more. |
Denmark
Denmark | |||
Tax legislation approved and regulatory update | Various tax topics | 16 April 2025 | Proposed legislation to implement cryptoasset reporting (DAC8). Read more. |
Djibouti
Djibouti | |||
Tax legislation approved and regulatory update | Various tax topics | 16 April 2025 | Tax measures in Finance Law 2025. Read more. |
European Union
European Union | |||
Tax legislation approved and regulatory update | Others | 30 April 2025 | Targeted consultation on barriers to EU capital markets integration. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 30 April 2025 | Member states express concerns regarding Clean Industry State Aid Framework proposal. Read more. |
Tax legislation approved and regulatory update | Trade & Customs | 15 April 2025 | European Union (EU) pauses countermeasures against US tariffs to allow for negotiations. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 15 April 2025 | European Commission approves Finnish state aid tax credit scheme to support green transition. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 14 April 2025 | Council adopts DAC9. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 10 April 2025 | Electronic marketplaces qualify as undisclosed agents pre-2015 amendments (CJEU Advocate General opinion). Read more. |
Tax legislation approved and regulatory update | Trade & Customs | 09 April 2025 | EU member states approve trade countermeasures against United States. Read more. |
Administrative and case law | Transfer pricing | 07 April 2025 | Transfer pricing adjustments are subject to VAT (CJEU Advocate General opinion). Read more. |
Proposed legislation | Treaties | 01 April 2025 | Tax aspects of European Commission communication on savings and investments union. Read more. |
Proposed legislation | Income tax | 01 April 2025 | Commissioner outlines EC tax priorities at 2025 EU Tax Symposium. Rea |
Finland
Finland | |||
Tax legislation approved and regulatory update | Tax compliance | 30 April 2025 | Consultation on amendments to interest deduction limitation rules for critical entities financing long-term infrastructure projects. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 30 April 2025 | Enhancements to check routines for common reporting standard (CRS) / DAC2. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 01 April 2025 | Guidance on Pillar Two global minimum tax. Read more. |
France
France | |||
Tax legislation approved and regulatory update | Indirect tax | 17 April 2025 | Value Added Tax (VAT) exemption threshold reduction for small businesses postponed until June 1, 2025. Read more. |
Germany
Germany | |||
Tax legislation approved and regulatory update | Indirect tax | 30 April 2025 | Value Added Tax (VAT) reforms included in coalition agreement, other VAT developments. Read more. |
Administrative and case law | Income tax | 25 April 2025 | Recent court decisions relating to taxation of real estate. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 21 April 2025 | Amended list of jurisdictions exchanging country-by-country (CbC) reports. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 18 April 2025 | Updated common reporting standard (CRS) guidance. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 15 April 2025 | Guidance on the treatment of tax transparent entities for Country-by-Country Reporting and Pillar Two purposes. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 15 April 2025 | Coalition agreement includes plans for comprehensive tax reforms. Read more. |
Tax legislation approved and regulatory update | Income tax | 04 April 2025 | Increased tax audit scrutiny on intra-group data centers. Read more. |
Tax legislation approved and regulatory update | Income tax | 01 April 2025 | Final guidance on interest deduction limitation rules. Read more. |
Ghana
Ghana | |||
Tax legislation approved and regulatory update | Various tax topics | 03 April 2025 | Tax measures in 2025 budget. Read more. |
Gibraltar
Gibraltar | |||
Proposed legislation | Income tax | 30 April 2025 | Proposed changes to income tax anti-avoidance rules. Read more. |
Greece
Greece | |||
Tax legislation approved and regulatory update | Income tax | 28 April 2025 | New law introduces tax incentives for investors and corporate transformations. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 16 April 2025 | Value Added Tax (VAT) exemption process for supply and intra-Community acquisition of certain goods. Read more. |
Ireland
Ireland | |||
Tax legislation approved and regulatory update | Various tax topics | 15 April 2025 | Public Consultation on the research and development (R&D) tax credit and on options to support innovation. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 15 April 2025 | European Commission approves modification and extension of film tax relief scheme Read more. |
Italy
Italy | |||
Tax legislation approved and regulatory update | Indirect tax | 22 April 2025 | Guidance for fiscal representatives on eligibility criteria and submission of guarantees. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 16 April 2025 | Implementation of obligation for non-European Union (EU) companies operating in Italy through a fiscal representative to submit guarantee. Read more. |
Administrative and case law | Various tax topics | 01 April 2025 | Imposition of IRAP on dividends may be inconsistent with Parent-Subsidiary Directive (PSD) depending on nature of tax (CJEU Advocate General opinion). Read more. |
Kenya
Kenya | |||
Administrative and case law | Indirect tax | 09 April 2025 | VAT is payable on commercial property sales (Court of Appeal decision). Read more. |
Libya
Libya | |||
Tax legislation approved and regulatory update | Tax compliance | 23 April 2025 | Statute of limitations on tax audits and collections repealed. Read more. |
Liechtenstein
Liechtenstein | |||
Tax legislation approved and regulatory update | Transfer pricing | 01 April 2025 | Liechtenstein Draft amendments to minimum tax rules (under Pillar Two) published. Read more. |
Lithuania
Lithuania | |||
Proposed legislation | Income tax | 30 April 2025 | Tax proposals include corporate tax increase, tax incentives for asset acquisitions and small enterprises. Read more. |
Administrative and case law | Others | 08 April 2025 | Application of participation exemption, abuse provision (CJEU judgment). Read more. |
Moldova
Moldova | |||
Proposed legislation | Indirect tax | 16 April 2025 | Consultations on implementation of various European Union (EU) directives. Read more. |
Namibia
Namibia | |||
Proposed legislation | Various tax topics | 01 April 2025 | Tax proposals in 2025/2026 budget. Read more. |
Netherlands
Netherlands | |||
Tax legislation approved and regulatory update | Income tax | 25 April 2025 | Tax measures in 2025 Spring Memorandum sent to Parliament. Read more. |
Administrative and case law | Income tax | 01 April 2025 | Capital loss upon liquidation of subsidiary allowed (Supreme Court decision). Read more. |
Nigeria
Nigeria | |||
Tax legislation approved and regulatory update | Others | 15 April 2025 | New online pension contribution system. Read more. |
OECD
OECD | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 15 April 2025 | Updated outcome of Pillar Two transitional peer review process. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 11 April 2025 | Statement following meeting of Inclusive Framework on Base Erosion and Profit Shifting (BEPS). Read more. |
Poland
Poland | |||
Trade and customs | Income tax | 30 April 2025 | Clearance opinion approving group restructuring. Read more. |
Administrative and case law | Income tax | 29 April 2025 | Liability of board member for company’s tax debts (CJEU judgment). Read more. |
Administrative and case law | Indirect tax | 29 April 2025 | Summaries of recent Supreme Administrative Court decisions. Read more. |
Administrative and case law | Various tax topics | 29 April 2025 | Property tax exemption does not appear to constitute illegal State aid (Court of Justice of the European Union (CJEU) judgment). Read more. |
Administrative and case law | Income tax | 29 April 2025 | Liability of board member for company’s tax debts (Court of Justice of the European Union (CJEU) judgment). Read more. |
Proposed legislation | Indirect tax | 16 April 2025 | Proposed postponement of certain elements of mandatory national electronic invoicing system (KSeF). Read more. |
KPMG publication | Various tax topics | 16 April 2025 | Deductibility of taxpayer’s own loans contributed to company, limitations on real property depreciation (court decisions). Read more. |
Proposed legislation | BEPS Pillar 2 | 16 April 2025 | Proposed legislation amending Pillar Two rules. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 10 April 2025 | Sale of assets covered by statutory joint property ownership by spouses is subject to Value Added Tax (VAT) (CJEU judgment). Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 10 April 2025 | Opinion on amendments to R&D tax relief. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 10 April 2025 | Sale of assets covered by statutory joint property ownership by spouses is subject to Value Added Tax (CJEU judgment). Read more. |
Tax legislation approved and regulatory update | Tax compliance | 10 April 2025 | New rules for keeping books of account. Read more. |
Administrative and case law | Various tax topics | 04 April 2025 | Summaries of recent court decisions. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 04 April 2025 | Consultation on draft regulation on maintaining tax revenue and expense ledgers. Read more. |
Romania
Romania | |||
Tax legislation approved and regulatory update | Indirect tax | 16 April 2025 | Guidance on Value Added Tax (VAT) registration and use of e-invoicing in B2G transactions. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 09 April 2025 | Changes to construction tax. Read more. |
Rwanda
Rwanda | |||
Proposed legislation
| Income tax
| 9 April 2025 | Proposed digital services tax (DST) introduced. Read more. |
Slovakia
Slovakia | |||
Tax legislation approved and regulatory update | Indirect tax
| 2 April 2025 | Input Value Added Tax (VAT) deduction limited to 50 percent on purchase of motor vehicles and motorcycles. Read more.
|
Spain
Spain | |||
Tax legislation approved and regulatory update | Various tax topics | 14 April 2025 | Updated tax reporting requirements for financial sector. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 14 April 2025 | Extended deadline for adapting e-invoicing software, new exemption in certain cases of invoicing by recipient or third party. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 2 April 2025 | Regulations under Pillar Two global minimum tax law. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 2 April 2025 | Amendments to real estate transfer tax and stamp duty (Catalonia). Read more. |
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Sweden
Sweden | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 20 March 2025 | Sweden Public consultation on additional amendments to Swedish Top-up Tax Act. Read more. |
Switzerland
Switzerland | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 18 March 2025 | Switzerland - Guidance issued on the treatment of permanent establishments for Swiss minimum tax purposes. Read more. |
Tunisia
Tunisia | |||
Tax legislation approved and regulatory update | Various tax topics | 15 April 2025 | Tunisia introduces corporate tax reforms under the 2025 Finance Law. Read more. |
Uganda
Uganda | |||
Proposed legislation | Various tax topics | 23 April 2025 | Proposed changes to tax laws, including replacement of 5% Digital Services Tax (DST) with 15% withholding tax. Read more. |
Ukraine
Ukraine | |||
Proposed legislation | Income tax | 10 April 2025 | Proposed legislation for digital platform reporting and withholding tax requirements. Read more. |
United Kingdom
United Kingdom | |||
Tax legislation approved and regulatory update | Various tax topics | 17 April 2025 | Guidance removing blanket application of anti-abuse rule to capital contributions resulting in LLP member qualifying as genuine partner. Read more. |
Tax compliance | Income tax | 4 April 2025 | 6 July Employee Share Plan Reporting Deadline. Read more. |
Administrative and case law | Various tax topics | 3 April 2025 | Costs for preliminary windfarm studies qualified as capital expenditures (Court of Appeal decision). Read more. |
Proposed legislation | Various tax topics | 3 April 2025 | Consultation on proposed improvements to advance tax clearance process for research and development (R&D) claims following Spring Statement. Read more. |
Tax legislation approved and regulatory update | Income tax | 3 April 2025 | Consultation on new advance tax clearance service for large innovative investment projects following Spring Statement. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 3 April 2025 | Lists of jurisdictions with qualifying income inclusion rules and domestic top-up taxes under Pillar Two rules. Read more. |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 1 April 2025 | 2025 Finance Act enacted, includes changes to UK Pillar Two rules. Read more. |
United Nation
United Nation | |||
KPMG publication | Transfer pricing | 1 April 2025 | KPMG report: Overview of topics and workstreams discussed at recent meeting of UN Tax Committee. Read more. |
