-
6 days ago | 
news.bloombergtax.com | Jan Stojaspal
Estonia seeks to maintain a higher standard value-added tax rate indefinitely, increase income taxes, and cancel an administratively burdensome security tax, under a tax reorganization the government adopted Thursday. The proposal, which still requires parliamentary approval, aims to maintain the relative simplicity of the country’s tax system while providing for higher defense and security needs amid the ongoing Russia-Ukraine conflict.
-
1 week ago | 
news.bloombergtax.com | Jan Stojaspal
Poland wants to introduce a six-month waiting period from the time an “unfavorable” tax regulation is finalized to when it’s effective, under a proposal adopted Tuesday. The government’s aim is to protect taxpayers from sudden changes in tax regulations outside of cases of important public interest or the need to implement EU law more quickly.
-
2 weeks ago | 
news.bloombergtax.com | Jan Stojaspal
Switzerland’s government is seeking feedback on a proposal to supplement domestic global minimum tax rules with a standardized reporting format. The proposal issued by the Federal Council on Wednesday would implement the reporting format known as the GloBE Information Return, or GIR, which is designed to provide tax authorities with information on the effective tax burden of corporate groups subject to global minimum tax rules. The public consultation runs through Aug. 20.
-
2 weeks ago | 
news.bloombergtax.com | Jan Stojaspal
Intercompany transactions must be conducted at arm’s length even if they are exempt from full documentation requirements, a top Italian court has ruled in two related decisions. The decisions of Corte Suprema di Cassazione quash 2022 rulings of the Piedmont Regional Tax Commission that were in favor of CNH Industrial N.V. and FPT Industrial S.P.A., a related entity.
-
2 weeks ago | 
news.bloombergtax.com | Jan Stojaspal
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
-
2 weeks ago | 
news.bloomberglaw.com | Jan Stojaspal
EmailApril 25, 2025, 4:07 PM UTCSlovakia’s prime minister signaled an openness to revising a controversial financial transaction tax that is charged on a variety of banking and card transactions starting in April. Prime Minister Robert Fico said last year’s adoption of the tax was necessary to help finance a runaway general government deficit, but he offered no details as to how the tax could be revised.
-
2 weeks ago | 
news.bloombergtax.com | Jan Stojaspal
The Gulf region is a fast-evolving transfer pricing landscape that seeks broad alignment with the international transfer pricing guidelines of the Organization for Economic Cooperation and Development. The problem is different countries in the area move at different speeds, and most have yet to develop a significant depth of case law on how local transfer pricing rules and regulations should be implemented and ultimately audited.
-
3 weeks ago | 
news.bloomberglaw.com | Jan Stojaspal
EmailApril 17, 2025, 3:57 PM UTCThe Slovenian finance ministry is seeking feedback on a proposal to impose a 25% tax on personal profits from the disposal of crypto assets. The proposal issued Thursday would close a loophole in the country’s tax system which levies business income from crypto asset trading but exempts natural persons buying and selling crypto assets as an investment. Comments on the proposal are due by May 5. If approved by parliament, it is expected to take force Jan. 1, 2026.
-
3 weeks ago | 
news.bloombergtax.com | Jan Stojaspal
The Slovenian finance ministry is seeking feedback on a proposal to impose a 25% tax on personal profits from the disposal of crypto assets. The proposal issued Thursday would close a loophole in the country’s tax system which levies business income from crypto asset trading but exempts natural persons buying and selling crypto assets as an investment. Comments on the proposal are due by May 5. If approved by parliament, it is expected to take force Jan. 1, 2026.
-
4 weeks ago | 
news.bloomberglaw.com | Jan Stojaspal
Lithuania plans to increase taxation of corporate incomes and to introduce taxes on non-life insurance premiums and nonalcoholic sweetened beverages, under a proposal the finance ministry published Wednesday. It also plans to increase taxation of higher personal incomes, to raise a preferential value-added tax rate of 9% to 12%, and to eliminate VAT relief for heating, among other changes. The proposed adjustments aim to bolster state finances with a particular view of increased defense spending.
