On 22 December, the European Commission proposed a Directive laying down rules to prevent the misuse of shell entities for tax purposes. This initiative is intended to ensure that entities in the European Union that have no or minimal economic activity are unable to benefit from...
On 22 December 2021 the European Commission proposed a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups. The proposal follows the recent historic global tax reform agreement, setting out how the principles of the agreed 15% effective tax rate...
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...
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...
Guidelines issued by the VAT Committee pursuant to the April 2o21 meeting have been added to the VAT Committee Guidelines. The new guidelines address: The return of goods placed under call-off stock arrangements The place of supply of interactive sessions filmed and broadcasted in real time...
This week's edition of the CFE Tax Top 5 looks at the following: France to Push EU Carbon Tax During Presidency of the Council of the EU FISC Hearing: Tax Avoidance & Evasion in the Pandora Papers CFE’s 14th European Conference on Professional Affairs: Professional...
This week's edition of the CFE Tax Top 5 looks at the following: European Parliament Adopts Public Country-by-Country Reporting Legislation Carbon Trading Mechanism Agreed at COP26: World’s Climate Policy Summit Register Now: CFE Conference on “Professional Judgment in Tax Planning” on 25 November 2021 Tax Inspectors...
The Office of the CfR has issued version 1.1 of the Guidelines on the Mandatory Automatic Exchange of Information in relation to Cross-Border Arrangements. The updated guidelines are available for download from the CfR Website. The updates relate to the annual notification of non-disclosing intermediaries in...
The Office of the CfR has notified that the annual notification by non-disclosing intermediaries that is required in terms of regulation 13(7)(e) of the Cooperation with Other Jurisdictions on Tax Matters Regulations is now available for download from the CfR Website. The deadline for submission of this annual notification...
