Author: Europe News Desk

Russia’s Federal Tax Service introduces an online resource to assist cryptocurrency miners with tax calculations based on exchange rates, aiming to streamline compliance. A New Era of Crypto Taxation in Russia In a significant move for the cryptocurrency mining sector, Russia’s Federal Tax Service (FTS) has launched a new online tool designed to help crypto miners calculate their taxes. The tool, which leverages cryptocurrency exchange data, enables miners to determine their income and taxes based on exchange rates. This comes after Russia’s decision to legalise crypto mining, which has brought a clearer regulatory framework but also necessitated better compliance systems…

While many British expats feel increasingly unwelcome in Spain due to new tax policies, one region—Basque Country—continues to offer generous tax incentives, including up to a 50% tax break for highly skilled foreign workers. Key Highlights – What You Need to Know Spain’s planned 100% tax on properties bought by foreign nationals outside the EU has created a challenging landscape for British expats. However, the Basque Country is bucking the trend with a unique and attractive tax scheme designed to draw highly skilled professionals. With tax breaks up to 50% on earnings and additional deductions, this region is offering significant…

OSLO – Norway is set to implement new Digital Platform Information Reporting Rules (DPI) effective January 1, 2026. These regulations, aligned with OECD Model Rules and the EU’s DAC7 directive, will require platform operators to collect and report detailed data on sellers, including tax IDs, earnings, and transaction details. Failure to comply could lead to penalties, affecting both resident and non-resident platforms facilitating services such as rentals, goods sales, personal services, and transportation. Why Now? Norway’s move to align with international standards on digital platform reporting comes amid a global shift towards tighter tax compliance for cross-border digital services. The…

MINSK – Belarusian citizens, both residents and non-residents, need clarity on their tax filing obligations for 2025. Tax residents must report all worldwide income, while non-residents need to declare specific income derived from Belarus. Here’s what you need to know. Understanding Belarusian Tax Residency In Belarus, tax obligations are primarily determined by an individual’s residency status. Tax residency is based on a simple rule: an individual who spends more than 183 days in Belarus during a calendar year is considered a tax resident. Those who meet this criteria must report income from both Belarusian and foreign sources, while non-residents are…

HELSINKI – Finland’s combination of cool climate, affordable renewable energy, and cutting-edge digital infrastructure is attracting major tech giants, including Google, Microsoft, and Equinix, to establish data centers in the country. This is driving not only industry growth but also providing a green solution to the energy-intensive digital economy. A Digital Hub with Environmental Benefits As the global demand for data and digital services skyrockets, the environmental impact of running large-scale data centers has come under increasing scrutiny. From massive electricity consumption to the need for cooling systems, the ICT sector is facing mounting pressure to adopt sustainable practices. The…

SKOPJE – On March 6, 2025, North Macedonia’s Ministry of Finance transferred the first tranche of €10.4 million from the central budget to the Development Bank, marking the beginning of a €250 million initiative aimed at boosting domestic companies and private sector investment. The transfer followed an official request from the Development Bank to draw down funds, based on approvals granted by participating commercial banks for selected projects. The funds are part of the 2025 national budget allocation designed to stimulate a new investment cycle and increase economic activity across the private sector. “We expect companies to recognize the favorable…

MADRID – Spain’s tax authority Hacienda has officially opened the curtain on the 2024 income tax return campaign, announcing a revised filing calendar for 2025 that kicks off April 2 and wraps up June 30, with a suite of digital and in-person options aimed at easing compliance amid expanded filing requirements. The new deadlines are part of the annual IRPF (Impuesto sobre la Renta de las Personas Físicas) process, and this year brings important procedural updates and a broader compliance net under the Royal Decree 2/2024, which extends filing obligations to more pensioners and those receiving public benefits. Key 2025…

PARIS – France’s Finance Act for 2025, adopted by the French Parliament on February 6, 2025, includes several pivotal tax changes for businesses, signaling a shift in the country’s corporate tax landscape. Among the key measures are the introduction of an exceptional surtax on corporate income, an update to the Pillar Two rules in line with OECD guidelines, and an increase in the financial transaction tax rate. The law, set to be enacted after publication in the official gazette, will take effect in the coming months. Context & Background – A New Phase for France’s Tax Landscape This year’s Finance…

MONACO – Monaco’s long-standing status as a tax haven remains unchanged, with no income tax for non-French nationals and exemptions from wealth and property taxes. As more high-net-worth individuals flock to the tiny Mediterranean principality, questions surrounding its tax regime and residency requirements for 2025 continue to rise. Monaco, synonymous with luxury and financial freedom, has for over 150 years remained a tax paradise for the world’s wealthiest individuals. The zero income tax rule, with some exceptions like French nationals, makes it an attractive destination for entrepreneurs, executives, and celebrities alike. But does its reputation as a tax haven tell…

BRUSSELS – The European Union is set to impose tariffs of up to 25% on U.S. exports worth €22.1 billion, targeting key industries in President Donald Trump’s core red states. The tariffs, expected to begin on April 15, will focus on products such as soybeans, beef, poultry, and more, marking the EU’s response to Trump’s trade policies. Context & Background In retaliation for the U.S.’s reciprocal tariffs imposed on its trading partners, the EU has carefully crafted a list of goods that hit the U.S. heartland the hardest, focusing on items exported from Republican-leaning states. The list includes agricultural commodities…