EU consultation on the misuse of shell entities

Further to the publication of the proposal for a Directive on the misuse of shell entities (see MIT News 22 December 2021), the Commission has launched a public consultation. The feedback period closes on 6 April 2022....

EU consultation on minimum level of tax for multinationals

Further to the publication of the proposal for a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups (see MIT News 22 December 2021), the Commission has launched a public consultation. The feedback period closes on 6 April 2022....

CFE Tax Top 5 (17 January 2022)

This week's edition of the CFE Tax Top 5 looks at the following: EU Tax Policy Report – Semester II – July to December 2021 ECOFIN to Discuss EU Directive on Minimum Tax CFE Tax Advisers Europe Annual Report EU Shell Entities Directive EU Targets Portion of Carbon...

ECOFIN discuss proposed Directive on global minimum tax

Further to the publication of the Commission's Proposal for a Council Directive on ensuring a global minimum level of taxation for multinational groups in December 2021, the ECOFIN Council has discussed the proposal at yesterday's meeting, with Ministers confirming the need to urgently transpose the agreed...

Access to SFTP server​ – CRS, FATCA, CbCR

The Office of the CfR has announced that access to the SFTP server by data providers for the purposes of upload of CRS, FATCA and CbCR reports will not be available. The server will be available again on the 20th December 2021 and access to the server...

EU VAT Gap for 2019

The EU VAT Gap for 2019 has been published, showing a decrease in the overall EU VAT Gap by almost €6.6 billion to €134 billion. The VAT Gap study records the difference between the VAT due and the actual VAT revenues generated by Member States, representing...