Cyprus is combating tax evasion and low-tax jurisdictions. The new legislation introduces stricter rules, including higher withholding taxes on dividends and restrictions on tax deductions.
The European Commission recently unveiled its strategy for the "Savings and Investments Union," aimed at increasing citizens' wealth and enhancing the economic competitiveness of the European Union.
The Court of Justice of the European Union has issued a significant decision that will affect how companies in the EU approach dividend taxation. The decision clarifies anti-abuse rules within the Parent-Subsidiary Directive, which could have a…
The ECOFIN Council approved the framework of the DAC9 directive for the exchange of information in the Pillar Two.
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…
