The Office of the CfR has informed Reporting Malta Financial Institutions that version 4.2 of the AEOI Implementing Guidelines has been published. The updates are indicated in section 1.4 and refer to section 14.1 (Relief for reporting on certain pre-existing accounts that are U.S. reportable...
This week's edition of the CFE Tax Top 5 looks at the following: Rentrée 2023: Anticipated EU Tax Developments in 2023 OECD Appoints New Director of Centre for Tax Policy & Administration EU Adopts Minimum Tax Directive ECJ: Airbnb Ireland & Airbnb Payments UK – Case C-83/21 ...
This week's edition of the CFE Tax Top 5 looks at the following: EU Adopts Minimum Tax Directive EU Progressed Landmark Agreement on Carbon Leakage Prevention OECD Publishes 2021 Peer Review Reports on the Exchange of Information on Tax Rulings OECD CFE Opinion Statement on Case C-538/20 (W...
In its final step in the legislative process, the EU Council has formally adopted a directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union (Pillar 2). Source: consilium.europa.eu...
At its meeting of 15 December 2022 the Council of the European Union recalled the European Union’s determination to have both Pillar 1 and Pillar 2 implemented and called on the Commission to "monitor ongoing negotiations of the multilateral convention (MLC) on Pillar 1 and to...
The OECD has launched a public consultation on on the main design elements of Amount B under Pillar One in the context of the ongoing work of the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) to implement the Two-Pillar Solution to Address the Tax Challenges Arising...
The Czech Presidency of the EU has announced the unanimous agreement of the Member States to approve the Commission's proposal for a Directive ensuring a minimum effective tax rate for large multinational groups. The proposed Directive will be formally adopted by written procedure. source: ec.europa.eu...
This week's edition of the CFE Tax Top 5 looks at the following: EU Seeks to Define Aggressive Tax Planning ECJ Rules Public Access to Beneficial Ownership Registry Information Invalid Hungary Continues to Oppose Minimum Tax at EU Level OECD Publishes Updated Mutual Agreement Procedure...
This week's edition of the CFE Tax Top 5 looks at the following: ECJ Rules Public Access to Beneficial Ownership Registry Information Invalid – Joined Cases C-37/20 & C-601/20 G20 Summit Leaders’ Declaration on OECD’s Two-Pillar Solution EU Commission Publishes Customs 2020 Evaluation Report OECD...
