After lengthy negotiations, the Arizona coalition has finally reached a coalition agreement, documented in approximately 200 pages. This agreement includes several tax measures that could impact companies with cross-border activities.

From 2025, VAT administration is making some important changes as part of the modernisation of the VAT chain. However, a recently published circular now provides for a transition period until 30 September, and retains some administrative tolerances.

On 31 December 2024, the long-awaited Royal Decree was published, clarifying the scope of the new regulations. We outline the key aspects of the reform.