IOSS – guidelines for Intermediaries

With effect from 1 July 2021, with the entry into effect of the so-called VAT e-Commerce package, businesses can use the Import One Stop Shop (IOSS) to comply with their VAT e-commerce obligations on distance sales of goods imported from third countries or third territories...

VAT e-commerce rules: countdown to 1 July 2021

 The changes to the VAT rules for e-commerce enter into effect on 1 July 2021. They include a new One Stop Shop, a new Import One Stop Shop, new rules for Distance Sales of goods, and other changes. Are you up to date on the...

Commission recommendation on the tax treatment of losses

On 18 May 2021 the Commission published a recommendation on the tax treatment of losses during the COVID-19 crisis. The commission is recommending that Member States should allow loss carry back for businesses to at least the previous fiscal year, i.e. at least 2019, and...

CFE Tax Top 5 (31 May 2021)

This week's edition of the CFE Tax Top 5 looks at the following: EU Sets Out New Corporate Tax Reform Proposals The EU Tax Observatory Launches at 1 June US Senate Reservations on Biden’s Tax Proposals EU Parliament Members Discuss Intra-EU Harmful Tax Competition Tax...

Annual Report on Taxation 2021

The European Commission published the 2021 Annual Report on Taxation, which is an annual review of Member States’ tax policies and their contribution to the priorities of the EU. The report describes and assesses Member States' progress in bringing their tax policies in line with the...

Co-operation with Other Jurisdictions on Tax Matters Regulations amended

The Co-operation with Other Jurisdictions on Tax Matters Regulations (SL 123.127) have been revised. LN 213 of 2021 has introduced the following changes: an amendment to the definition of "Beneficial Owner" a change to Regulation 4 concerning the availability of ownership information of bodies of...

Business Taxation for the 21st Century

The European Commission has adopted a Communication on Business Taxation for the 21st century to promote a robust, efficient and fair business tax system in the European Union. The Communication sets out both a long-term and short-term vision to support Europe’s recovery from the COVID-19 pandemic...

CFE Tax Top 5 (17 May 2021)

This week's edition of the CFE Tax Top 5 looks at the following: European Parliament Calls For Swift Reform of International Tax Rules General Courts Confirms EU’s State Aid Assessment in Engie, Dismisses Amazon Case in Luxembourg EU Commission Confirms No Delays in New VAT...

CFE Tax Top 5 (10 May 2021)

This week's edition of the CFE Tax Top 5 looks at the following: OECD to Introduce Cryptocurrency reporting by the end of 2021 EU Commission Proposes New Regulation to Address Distortion by Foreign Subsidies in Single Market CFE Statement on EU Consultation on Insurance & Financial...