Taxation of the financial sector has long been one of the most controversial topics in European tax policy. Portugal, as the current presidency, is trying to reopen in the Council the debate on the proposal for a Financial Transaction Tax at the EU…
The European Union has recently amended the list of countries considered as non-cooperating for tax purposes. Following the assessment of the respective criteria in the tax area, the EU Council presented a new EU Blacklist. The changes affected two…
ECOFIN adopted a revised EU list of non-cooperative jurisdictions for tax purposes (the EU blacklist). The EU Finance Ministers agreed to add two new jurisdictions to the list as well as to remove two jurisdictions from the list.
OECD, European Commission as well as respective states continuously provide new information how to deal with tax and social security issues arising due to COVID-19 restrictions. A common attitude is that temporary changes due to the pandemic…
The European Commission approved temporarily waive of customs duties and VAT on the import of masks and protective equipment, testing kits and medical devices such as ventilators from the third countries.
ECOFIN has adopted again a revised EU blacklist of non-cooperative jurisdictions for tax purposes. The EU Finance Ministers agreed to add four new jurisdictions to the list: Cayman Islands, Palau, Panama and Seychelles.
On 20 December 2019, the European Commission released final version of the Explanatory Notes on the VAT “Quick Fixes”, which were to be implemented by the EU Member States as of 1 January 2020.
From January 2020, employers, who employ Austrian tax residents will be required to register for Austrian taxes and withhold Austrian wage tax from their salaries. The new legislation could have an impact on Slovak companies employing persons living…
The EU list of non-cooperative jurisdictions for tax purposes was updated. The current list contains eight jurisdictions.
The OECD Multilateral Instrument (MLI), which after ratification by the contractual parties modifies bilateral tax treaties concluded to eliminate double taxation, has already affected 10 double taxation avoidance treaties applied by Slovakia. The…
Court of Justice of the European Union (ECJ) has issued two important decisions on the interpretation of the beneficial ownership concept in cases where the Interest and Royalties Directive and the Parent-Subsidiary Directive apply. The ECJ…
On 12 March 2019, the Economic and Financial Affairs Council (ECOFIN) has reached a general approach on the VAT implementing rules on e-commerce. These rules should ensure a smooth introduction of the new VAT measures for e-commerce according to…