Events:  

From July 3, new rules for the taxation of "through dividends" for CFCs will be in effect in Ukraine, which allow the controller to be exempted from PIT if the company has paid non-resident income tax.

On July 3, the UAE issued Clarification CTP006, which allowed the cancellation/refund of the AED 10,000 penalty for late corporate tax registration, provided that the first return is filed within 7 months of the end of the tax period.

On July 4, the One Big Beautiful Bill Act was signed into law in the United States, which introduces a 1% tax on international remittances for immigrants from December 31, 2025.

In Cyprus, the deadline for submitting personal income tax returns for 2024 has been extended to September 30, 2025.

On July 7, 2025, Poland adopted a law that increases the turnover limit for companies to register for VAT from PLN 200,000 to PLN 240,000 from January 1, 2026

Romania, within the framework of the 2025-2028 financial strategy, announced its intention to increase VAT to 21% from August 1, partially replace the preferential rates of 5 and 9% with 11%, and increase the dividend tax to 16% from 2026.

On July 18, the US President signed the GENIUS Act, which already introduces federal regulation of stablecoins, 100% reserve requirements, and KYC/AML requirements for issuers