International Tax Europe and Africa March 2025
This e-newsletter gives you an overview of international tax developments being reported globally by 乐鱼（Leyu）体育官网 member firms in the Europe and Africa Regions between 1 March and 31 March 2025.
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For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.
To contact the International Tax Team email听internationaltax@kpmg.com.
To register for the International Tax webcasts, click here.
Belgium
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Belgium | |||
Administrative and case law | Indirect tax | 14 March 2025 | Dividend received deduction restrictions on intra-group transfers violates European Union law (CJEU judgment). Read more. |
乐鱼（Leyu）体育官网 publication | Transfer pricing | 14 March 2025 | Trends in transfer pricing audits. Read more. |
Cameroon
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Cameroon | |||
Tax legislation approved and regulatory update | Indirect tax | 06 March 2025 | Amendments to business license duties, synthetic tax.听Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 06 March 2025 | Guidelines for local country-by-country declarations.听Read more. |
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Cyprus
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Cyprus | |||
Tax legislation approved and regulatory update | Income tax | 27 March 2025 | Deadlines for filing company income tax returns (TD4) for tax years 2022 and 2023. Read more. |
Tax legislation approved and regulatory update | Income tax | 26 March 2025 | Notional interest deduction 鈥渞eference rates鈥� for 2025. Read more. |
Proposed legislation | Various tax topics | 11 March 2025 | Tax reform proposals. Read more. |
Czech Republic
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Czech Republic | |||
Administrative and case law | Income tax | 12 March 2025 | Denial of deductions for restoration costs upheld (Supreme Administrative Court decision).听Read more. |
Tax legislation approved and regulatory update | Indirect tax | 12 March 2025 | Value Added Tax (VAT) registration guidance effective January 2025.听Read more. |
Administrative and case law | Indirect tax | 05 March 2025 | Taxpayer failed to prove actual amount of nondeductible indirect shareholding expenses (Supreme Administrative Court decision).听Read more. |
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Denmark
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Denmark | |||
Tax legislation approved and regulatory update | Various tax topics | 18 March 2025 | Various tax amendments enacted. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 18 March 2025 | Value Added Tax (VAT) amendments relating to copyright licensing. Read more. |
Tax legislation approved and regulatory update | Income tax | 04 March 2025 | Computational adjustments for foreign withholding tax relief were subject to extended reassessment deadline for controlled transactions. Read more. |
European Union
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European Union | |||
Tax legislation approved and regulatory update | Indirect tax | 11 March 2025 | Adoption of VAT in the digital age (ViDA) package.听Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 11 March 2025 | Council reaches political agreement on DAC9.听Read more. |
Tax legislation approved and regulatory update | Indirect tax | 06 March 2025 | European Parliament approves Value Added Tax (VAT) in the digital age (ViDA) package.听Read more. |
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Finland
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| 听Finland | |||
Tax legislation approved and regulatory update | Income tax | 27 March 2025 | European Commission approves scheme supporting green economy. Read more. |
Administrative and case law | Income tax | 27 March 2025 | Central bank in third country exempt from income tax (Supreme Administrative Court decision). Read more. |
Tax legislation approved and regulatory update | Tax compliance | 19 March 2025 | Updated FATCA and Common Reporting Standard Frequently Asked Questions. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 11 March 2025 | Updated FATCA and common reporting standards frequently asked questions. Read more. |
France
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| France | |||
Administrative and case law | Income tax | 18 March 2025 | Retroactive application of exit tax incompatible with European Union law (Supreme Administrative Court decision). Read more. |
Germany
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| Germany | |||
Administrative and case law | Indirect tax | 31 March 2025 | Liability for incorrect tax statements (Federal Tax Court decision), other Value Added Tax (VAT) developments. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 28 March 2025 | Transfer pricing documentation requirements for extraordinary business transactions in 2025. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 28 March 2025 | Federal Ministry of Finance: Individual Questions on the Income Tax Treatment of Certain Crypto Assets. |
Administrative and case law | Income tax | 28 March 2025 | Federal Tax Court (I R 36/22): Bonus Payments as a Hidden Profit Distribution. |
Administrative and case law | Income tax | 28 March 2025 | Federal Tax Court (I R 16/20): Deduction of Foreign Withholding Taxes in the Tax Group for Trade Tax Purposes. |
Administrative and case law | Income tax | 28 March 2025 | Federal Tax Court (II R 36/21): Application of the RETT Group Exemption Rule to Transfers of Foreign Shares. |
Administrative and case law | Various tax topics | 26 March 2025 | Real estate transfer tax group exemption rule inapplicable to transfer of foreign shares (Federal Tax Court decision), other tax developments. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 14 March 2025 | Updated Common Reporting Standards communication manual requires electronic notification for missing self-disclosures. Read more. |
Administrative and case law | Indirect tax | 03 March 2025 | Taxpayer not entitled to apply margin-scheme taxation, other Value Added Tax (VAT) developments. Read more. |
Greece
| Greece | |||
Administrative and case law | Indirect tax | 03 March 2025 | Summaries of recent Supreme Administrative Court decisions. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 03 March 2025 | Streamlined process for reporting withheld taxes and digital transactions fees, incentives for audiovisual projects. Read more. |
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Hungary
Hungary | |||
Tax legislation approved and regulatory update | Indirect tax | 18 March 2025 | New import Value Added Tax (VAT) deduction requirements include partner due diligence obligations. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 03 March 2025 | New place of supply rules for online events, changes to scope of environmental protection product fee. Read more. |
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Iceland
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| 听Iceland | |||
Tax legislation approved and regulatory update | Indirect tax | 25 March 2025 | New reporting obligations for digital platform operators effective January 1, 2025. Read more. |
Administrative and case law | Transfer pricing | 24 March 2025 | Transfer pricing adjustment and penalty upheld (Reykjavik District Court decision). Read more. |
Ireland
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| Ireland | |||
Proposed legislation | Various tax topics | 27 March 2025 | Northern Ireland: Implications of UK 鈥淪pring Statement鈥� 2025. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 14 March 2025 | Pension auto-enrollment begins in September 2025. Read more |
Italy
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| 听Italy | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 18 March 2025 | Ministerial Decree on Global Anti-base Erosion Information Return notifications. Read more. |
Liechtenstein
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Liechtenstein | |||
Tax legislation approved and regulatory update | Tax compliance | 07 March 2025 | Updated common reporting standards guidance for automatic exchange of information. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 06 March 2025 | Updated FATCA reporting technical guidance. Read more. |
Malta
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Malta | |||
Tax legislation approved and regulatory update | Income tax | 12 March 2025 | Guidelines on election allowing insurance companies to pay tax on gains from adoption of IFRS 17 on installment basis. Read more. |
Moldova
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Moldova | |||
Tax legislation approved and regulatory update | Various tax topics | 03 March 2025 | Guidance on various direct and indirect tax issues, consultation on amendments to Value Added Tax (VAT) refund requirements, changes to tax invoice requirements. Read more. |
Mozambique
Mozambique | |||
Proposed legislation | Various tax topics | 03 March 2025 | Tax proposals announced by president in inauguration speech. Read more. |
Netherlands
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| Netherlands | |||
Proposed legislation | Indirect tax | 20 March 2025 | Draft legislation on 鈥渞ebuttal provision鈥� for new 鈥淏ox 3鈥� (wealth tax) regime presented to lower house of Parliament. Read more. |
乐鱼（Leyu）体育官网 publication | Income tax | 07 March 2025 | 乐鱼（Leyu）体育官网 report: Shipping and offshore tax update (March 2025). Read more. |
Tax legislation approved and regulatory update | Income tax | 03 March 2025 | Guidance on tax consequences of asset transfers during liquidation within fiscal unity, amendments to definition of exempt investment institution. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 03 March 2025 | Updated property transfer tax decree extends exemption to acquisitions of real estate companies. Read more. |
Nigeria, Ghana
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Nigeria, Ghana | |||
乐鱼（Leyu）体育官网 publication | Various tax topics | 18 March 2025 | Tax developments in Nigeria and Ghana in FY2024. Read more. |
OCED
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| 听OCED | |||
Tax legislation approved and regulatory update | Transfer pricing | 05 March 2025 | BEPS Action 14 MAP peer review results. Read more. |
Poland
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Poland | |||
Administrative and case law | Various tax topics | 26 March 2025 | Retroactive changes to depreciation rates, real estate tax exemption, depreciation for real estate companies, employee reimbursements. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 19 March 2025 | Certain European Union non-cooperative jurisdictions not included in list of countries applying harmful tax competition. Read more. |
Administrative and case law | Income tax | 19 March 2025 | Re-registered entity qualifies as taxpayer starting business activities for corporate income tax purposes (Supreme Administrative Court decision). Read more. |
Administrative and case law | Various tax topics | 13 March 2025 | Summaries of recent Supreme Administrative Court decisions. Read more. |
Administrative and case law | Indirect tax | 06 March 2025 | No joint and several Value Added Tax (VAT) liability for third parties not part of legal proceedings (Court of Justice of the European Union judgment). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 06 March 2025 | Extension of reverse charge Value Added Tax (VAT) on exchange transactions related to gas, energy, CO2 allowances. Read more. |
Administrative and case law | Income tax | 04 March 2025 | Tax exemption limited to externally managed investment funds incompatible with European Union law. Read more. |
Senegal
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Senegal | |||
Proposed legislation | Indirect tax | 03 March 2025 | Mandatory electronic invoicing proposed in 2025 Finance Bill. Read more. |
Serbia
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Serbia | |||
Tax legislation approved and regulatory update | Income tax | 21 March 2025 | Law on central register of beneficial owners enacted. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 04 March 2025 | Rulebook on arm鈥檚 length interest rates for 2025. Read more. |
Slovakia
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Slovakia | |||
Tax legislation approved and regulatory update | Indirect tax | 27 March 2025 | Frequently asked questions on financial transaction tax. Read more. |
Slovenia
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Slovenia | |||
Tax legislation approved and regulatory update | Indirect tax | 18 March 2025 | Revised law project mandating e-invoicing. Read more. |
South Africa
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South Africa | |||
Tax legislation approved and regulatory update | Indirect tax | 28 March 2025 | Implications of potential Value Added Tax (VAT) rate increase. Read more. |
Proposed legislation | Various tax topics | 18 March 2025 | Tax measures in 2025/2026 budget. Read more. |
Proposed legislation | Indirect Taxes | 13 March 2025 | Proposed increase to employment tax incentive thresholds. Read more. |
Spain
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Spain | |||
Administrative and case law | Income tax | 12 March 2025 | Whether discriminatory tax treatment of nonresidents in taxing capital gains infringes European Union law (CJEU referral). Read more. |
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Sweden
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Sweden | |||
Proposed legislation | Income tax | 07 March 2025 | Proposed increase to property tax for wind turbines, deductions for fictitious tax under income tax treaty with Luxembourg. Read more. |
Administrative and case law | Indirect tax | 06 March 2025 | Support services are not unique, market value must be determined based on comparables (Court of Justice of the European Union Advocate General opinion). Read more. |
Switzerland
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Switzerland | |||
Proposed legislation | BEPS Pillar 2 | 18 March 2025 | Consultation on proposal to introduce qualified refundable research and development tax credit. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 17 March 2025 | Consultation on revised FATCA agreement with United States. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 17 March 2025 | Implementation of cryptoasset reporting framework Multilateral Competent Authority Agreement. Read more. |
Tanzania
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Tanzania | |||
Tax legislation approved and regulatory update | Tax compliance | 21 March 2025 | Guidance regarding submission of beneficial owner information to registrar of companies. Read more. |
Tunisia
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Tunisia | |||
Tax legislation approved and regulatory update | Income tax | 21 March 2025 | Clarification on tax regime for communitarian companies. Read more. |
United Kingdom
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United Kingdom | |||
Proposed legislation | Indirect tax | 20 March 2025 | Consultation on future of oil and gas taxation. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 06 March 2025 | Final regulations implementing new reserved investor fund. Read more. |
