Categories: From Europe (249 found)

1. 07.02.2024

   Commission calls on Germany to comply with EU VAT rules rega ...

   The European Commission decided to send a reasoned opinion to Germany for not properly applying EU rules on exempting private tuition services from VAT as laid out in the VAT Directive and clarified by the Court of Justice of the European Union.

   Categories: From Europe

   Keywords: VAT Exemption, school and university tui ...
2. 26.01.2024

   EU-Commission: Measures to strengthen economic security and ...

   The Commission adopted a package of infringement decisions due to the absence of communication by Member States of measures taken to transpose EU directives into national law. In a further measure the Commission adopted five initiatives to strengthen the EU's economic security at a time of growing geopolitical tensions and profound technological shifts.

   Categories: From Europe

   Keywords: EU-Directive
3. 18.01.2024

   Anti-money laundering: Council and Parliament strike deal on ...

   The Council and Parliament reached a provisional agreement on stricter EU anti money laundering rules. The new rules will harmonize the existing framework and close possible loopholes used by criminals to launder illicit proceeds or finance terrorist activities through the financial system.

   Categories: From Europe

   Keywords: Anti money laundering (AML)
4. 02.01.2024

   New rules to combat fraud on cross-border payments in the EU ...

   New transparency rules came into force on 1 January 2024 that will help EU Member States to crack down on Value-Added Tax (VAT) fraud.

   Categories: From Europe

   Keywords: VAT fraud
5. 02.01.2024

   A new era for corporate taxation in the EU enters into force

   Ground-breaking new EU rules come into effect from 1 January 2024 introducing a minimum rate of effective taxation of 15% for multinational companies active in EU Member States.

   Categories: From Europe

   Keywords: minimum tax
6. 23.11.2023

   EU-Commission fines Rabobank over Euro-denominated bonds tra ...

   The European Commission has fined Rabobank for participating in a cartel concerning the trading of certain Euro-denominated bonds, together with Deutsche Bank. Deutsche Bank was not fined as it revealed the cartel to the Commission under the leniency program.

   Categories: From Europe

   Keywords: fine, cartel
7. 22.11.2023

   Banco Popular: Shareholders and creditors not entitled to co ...

   The General Court of the EU decided today that affected shareholders and creditors in the course of winding up Spain's ailing Banco Popular in 2017 were not entitled to compensation from the Single Resolution Fund, as they would not have received better treatment in the event of the liquidation of the bank than that resulting from its resolution.

   Categories: From Europe

   Keywords: Liquidation, resolution
8. 16.11.2023

   European Commission to refer Belgium to the European Court o ...

   Today, the European Commission decided to refer Belgium to the European Court of Justice for its failure to comply with the Treaty principle of free movement of workers, as regards taxation of non-resident taxpayers with modest income.

   Categories: From Europe

   Keywords: free movement of workers
9. 26.10.2023

   European Green Bonds: Council adopts new regulation to promo ...

   The European Council adopted a regulation creating a European green bond standard. The regulation lays down uniform requirements for issuers of bonds that wish to use the designation ‘European green bond’ or ‘EuGB’ for their environmentally sustainable bonds.

   Categories: From Europe

   Keywords: EU SF Green Bonds Standard
10. 25.10.2023

    VAT compliance: EU Member States made progress in 2021

    According to a new report released by the European Commission on 24 October 2023 most EU Member States made progress in the enforcement of Value-Added Tax (VAT) compliance in 2021. The annual VAT Gap study, which measures the difference between theoretically expected VAT revenues and the amount actually collected, shows that Member States lost around €61 billion in VAT in 2021, compared to €99 billion in 2020.

    Categories: From Europe

    Keywords: collection of VAT
11. 17.10.2023

    EU-Council adopts directive to boost cooperation between nat ...

    Today, the Council adopted a directive amending EU rules on administrative cooperation in the area of taxation. The amendments mainly concern the reporting and automatic exchange of information on revenues from transactions in crypto-assets and on advance tax rulings for the wealthiest (high-net-worth) individuals.

    Categories: From Europe

    Keywords: cooperation, exchange of information
12. 12.10.2023

    Update: General Court: Belgian tax rulings for multinational ...

    The tax exemptions by way of tax rulings from Belgium to companies forming part of multinational groups constitute an unlawful aid scheme. The General Court of the EU thus confirms the decision of the European Commission which found, in 2016, that the Belgian tax scheme was an infringement of the EU rules on State aid.

    Categories: From Europe

    Keywords: tax rulings, state aid
13. 29.09.2023

    General Court annuls Commission’s decision on Spanish tax sc ...

    The General Court invalidates the Commission’s decision declaring the Spanish tax scheme on the deduction for indirect acquisitions of shareholdings in foreign companies unlawful.

    Categories: From Europe

    Keywords: share acquisition, illicit state aid
14. 13.09.2023

    EU Commission: New proposals to simplify tax rules and reduc ...

    On 12 September 2023, the European Commission adopted a key package of initiatives to reduce tax compliance costs for large, cross-border businesses in the EU, called “Business in Europe: Framework for Income Taxation” (BEFIT), to make life easier for both businesses and tax authorities by introducing a new, single set of rules to determine the tax base of groups of companies.

    Categories: From Europe

    Keywords: Compliance, cross border transactions
15. 05.09.2023

    EU Commission to facilitate the activities of cross-border a ...

    The European Commission adopted a proposal to facilitate cross-border activities of non-profit associations in the EU. It will improve the functioning of the Internal Market by removing legal and administrative barriers for non-profit associations that operate or wish to operate in more than one Member State, thus promoting the role non-profit associations play in generating economic and societal values in the EU and allow a level playing field between them.

    Categories: From Europe

    Keywords: non-business, non-profit associations
16. 27.07.2023

    State aid: Commission approves German support for on-shore L ...

    The European Commission has approved, under EU State aid rules, a €40 million German support measure for the construction and operation of a new land-based liquefied natural gas (‘LNG') terminal in Brunsbüttel. The measure will contribute to the security and diversification of energy supplies in Germany and help end dependence on Russian fossil fuels in line with the REPowerEU Plan.

    Categories: From Europe

    Keywords: state aid, LNG terminal
17. 19.07.2023

    EU-Commission approves German scheme to support private inve ...

    The European Commission has approved a €3 billion German scheme to support private investments in specific strategic goods needed to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted earlier by the Commission to support measures in sectors which are key to accelerate the green transition and reduce fuel dependencies.

    Categories: From Europe

    Keywords: European Green Deal
18. 20.06.2023

    EU Commission: Improve withholding tax procedures to boost c ...

    On 19 June 2023 the European Commission proposed new rules to make withholding tax procedures in the EU more efficient and secure for investors, financial intermediaries (e.g., banks) and Member State tax administrations. This initiative is aimed to promote fairer taxation, fight tax fraud, and support cross-border investment throughout the EU.

    Categories: From Europe

    Keywords: Fraud, withholding tax
19. 14.06.2023

    Commission takes further steps to boost investment for susta ...

    On 13 June 2023 the Commission has put forward a new package of measures to build on and strengthen the foundations of the EU sustainable finance framework. The package aims to support companies and the financial sector, while encouraging the private funding of transition projects and technologies.

    Categories: From Europe

    Keywords: Sustainable Finance (SF), Financial Serv ...
20. 13.06.2023

    Update of the OECD Guidelines for Multinational Enterprises ...

    The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct are recommendations addressed by governments to multinational enterprises. They aim to encourage positive contributions enterprises can make to economic, environmental, and social progress, and to minimize adverse impacts on matters covered by the Guidelines that may be associated with an enterprise’s operations, products, and services. The 2023 update is now available!

    Categories: From Europe

    Keywords: OECD model
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