After almost two years of negotiations, in early November 2024 the Council of the European Union reached an agreement on new VAT measures – VAT in the Digital Age (“ViDA”). These measures aim to update the VAT system in the EU to reflect the…
The Council of the European Union approves a revised list of non-cooperative jurisdictions for tax purposes. Following the meeting, one country was removed from the blacklist. At the same time, no other countries were added to the list.
The German Ministry of Finance has published a draft of revised administrative transfer pricing principles on intra-group financing. It clarifies for taxpayers the fundamental changes in the legislation and modifies certain provisions to partially…
Multinational enterprises investing in Germany must prepare for tightened rules on intercompany financial transactions. New legal framework brings a distinct approach to interpreting the arm’s length principle.
The ECOFIN Council updated the EU list of non-cooperative jurisdictions for tax purposes. The EU has removed four countries from the „blacklist“ after the meeting. At the same time, no new jurisdictions have been added that would not comply with…
On 23 November 2023, the European Commission published an updated version of Guidelines for the reporting of payment data from payment service providers and transmission to the Central Electronic System of Payment information (CESOP).
The digital euro is not intended to replace the traditional physical form of money, but it has to be available alongside cash. It is only intended to serve as a complementary and optional payment method, anywhere in the eurozone, at any time and…
The European Finance Ministers agreed to add three new jurisdictions to the list as well as to remove three jurisdictions from the list.
On 17 August 2023, the European Commission adopted an implementing regulation laying down rules for fulfillment of reporting obligations under the carbon border adjustment mechanism (CBAM) during its transitional phase.
New FASTER Directive (Faster and Safer Relief of Excess Withholding Taxes) aims to simplify the system of withholding tax and its refund.
On 17 May 2023, Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 May 2023 establishing a carbon border adjustment mechanism („CBAM“) entered into force. The CBAM (also referred to as „carbon duty“) will enter into…
New reporting framework on the crypto-asset sector will help tax authorities to track the trade of crypto-assets and exchange of information about proceeds gained.