brought to you by TPS
Europe
- Europe: CFE’s Tax Top 5 – 15 December 2025 – click here;
- EU: The Economic and Financial Affairs Council (ECOFIN) approves two reports on tax-related initiatives and 2025 Code of Conduct Group conclusion – click here;
- EU: Infringement procedures closed regarding Pillar Two minimum tax transposition – click here;
- France: Additional Pillar Two guidance – click here;
- Croatia: Amendments to local Pillar Two rules adopted – click here;
- Iceland: Budget 2026 proposes implementation of Pillar Two global minimum tax rules – click here;
- Channel Islands: Draft regulations implementing cryptoasset reporting framework (Jersey) - click here;
- Hungary: President signs laws ratifying multilateral agreements concerning international tax transparency – click here;
- Hungary: Hungary ratifies Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) – click here;
- Finland: Finland updates BEPS MLI stance on Brazil tax treaty, including corrections – click here;
- Cayman Islands: Cayman Islands introducing increased tax rate on transfers of equity capital of a land corporation – click here;
- Cayman Islands: Cayman Islands announces availability of new portal for Country-by-Country (CbC) reporting and provides extension – click here;
- Belgium: Belgium extends deadline for Country-by-Country (CbC) notification due to technical changes – click here;
- Denmark: Danish Parliament Approves Bill to Implement DAC9 – click here;
- Estonia & Latvia & Lithuania & Malta & Slovak Republic: Estonia, Latvia, Lithuania, Malta, and the Slovak Republic call for additional deferral of Global Minimum Tax – click here;
Global
- OECD: Countering harmful tax practices: New peer review results show strong compliance with BEPS Action 5 minimum standard on the exchange of information on tax rulings – click here and here;
- Australia: Specific issues for Pillar Two – click here;
- Australia: Pillar Two interactions with consolidation – click here;
- Australia: Updated guidance - global and domestic minimum tax – click here;
- Senegal: MNE groups not required to file country-by-country reports for 2023 and 2024 – click here;
- Turkey: Extension of qualified domestic minimum top-up tax (QDMTT) return filing deadline to January 15, 2026 (for the fiscal years ending on December 31, 2024) - click here;
- El Salvador: Guidance on preferential tax regimes and Form F-935 for reporting withholding taxes – click here;
- Azerbaijan & Austria & Belgium & Bosnia Herzegovina: Azerbaijan publishes synthesized text of tax treaty with Austria, Belgium, and Bosnia and Herzegovina as impacted by the BEPS MLI – click here;
- Cyprus & Vietnam: Tax treaty between Cyprus and Vietnam signed – click here;
- Luxembourg & Vietnam: Luxembourg ratifies pending protocol to tax treaty with Vietnam – click here;
- Hong Kong & Norway: Tax treaty between Hong Kong and Norway signed – click here;
Romania
- The turnover tax will decrease in 2026 and will be eliminated in 2027 – click here;
- NAFA has started issuing decisions for the 3% bonus – click here;
- OECD instrument for the avoidance of double taxation, approved by the Government – click here and here;
- Law no. 239/2025: TOP 7 amendments to the Fiscal Procedure Code – click here and here;
- Taxes are increasing. Law published in the Official Gazette. Higher taxes on properties and cars, on stock market gains and cryptocurrency. Changes to the health insurance contribution ceiling, insolvency regime, and capital requirements – click here and here for the official law;
- The effects of tax reporting digitalization are yet to be seen – uncollected VAT on the rise again – click here;
Webinars
- Webinar: One Price, Four Frameworks: Customs, Transfer Pricing, DAC7 and VAT (EU 2026 Reform), 28 January 2026 – click here.
