The Romanian Prime Minister has reintroduced legislation raising the standard VAT rate from 19% to 21% and replacing the existing 5% and 9% VAT rates by a new reduced rate of 11% with effect from 1 August 2025 (supply date driven).
In June 2025, the UAE Federal Tax Authority issued updated guidance (CTGFF1 and FTA Decision No. 5 of 2025) clarifying Corporate Tax rules for Family Foundations.