We have prepared a summary of key measures that the European Commission plans to propose in 2025. They are based on long-term strategies while also responding to the current political and economic challenges of member states. The work program…
The list of non-cooperative jurisdictions for tax purposes (the so-called blacklist) remains unchanged.
In December, the European Union adopted a directive that will simplify and accelerate the processes related to the refund of excess withholding tax. This directive is a significant step towards modernizing tax processes within the European Union,…
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 European Finance Ministers agreed to add three new jurisdictions to the list as well as to remove three jurisdictions from the list.
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…
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.