Several changes in the field of VAT were introduced at EU level, inter alia measures intended to improve the current VAT system – so called “quick fixes”, the possibility to apply reduced VAT rates to electronic publications, reaching agreement on…
On 25 May 2018, the European Commission released a proposal of detailed technical amendments to EU rules on VAT. The proposed measures are aimed to introduce a future fraud-proof EU VAT system. To launch these changes, around 200 of the 408 articles…
On May 25, 2018, the most recent amendments to the Directive on administrative cooperation in the field of taxation (“DAC 6”), which introduce mandatory disclosure requirements for tax intermediaries, were formally adopted by the Economic and…
In March EU Advocate General of the European Court of Justice released her opinion in four cases dealing with the interpretation of the beneficial ownership concept where the Interest Royalty Directive (2003/49/EC) applies and in two cases where the…
Digital technologies are spreading more and more and are raising questions concerning their fair taxation around the world. Future plans for fair taxation of digital economy were, however, already unveiled.
On March 19, 2018 the ECOFIN published a consolidated EU list of non-cooperative jurisdictions for tax purposes.
On 20 December 2017 it was announced that an agreement was reached between the Council and European Parliament regarding the latest amendments to the Anti-Money Laundering Directive (AMLD 5) proposed by the European Commission in July 2016.
OECD has released the new edition of the Model Tax Convention, incorporating significant changes developed under the OECD/G20 project to address base erosion and profit shifting (BEPS).
On 5 December 2017 the Economic and Financial Affairs Council of the EU (ECOFIN) reached an agreement on the 2017 EU list of non-cooperative jurisdictions for tax purposes and confirmed that these tax jurisdictions will remain on this list until…
The present VAT system for cross-border transactions in the EU which has been in place for almost a quarter of a century, was supposed to be applied only on a transitional basis. This present system creates obstacles for efficient functioning of the…
At October meeting the Economic and Financial Affairs Council (ECOFIN) has approved a directive which introduces new rules for resolving disputes related to double taxation.
Significant parts of the update were already approved and released as part of the BEPS Package. The update will be submitted for the approval of the Committee on Fiscal Affairs and of the OECD Council later in 2017.