On 8 December 2022 the European Commission proposed new amendments to the Directive on Administrative Cooperation to include exchange of information on crypto-assets (DAC8). The proposed revised Directive contains rules for reporting and exchange of information on crypto-assets for direct tax purposes applicable to service providers facilitating...
The CJEU has found, in case C-694/20 delivered on 8 December 2022, that Article 8ab(5) of Directive 2011/16, as amended, infringes the right to respect for communications between a lawyer and his or her client, guaranteed in Article 7 of the Charter of Fundamental Rights, in so...
On 1 December 2022, the MIT hosted an online event for Members - 2022: the Year in Review, during which representatives from the MIT's technical committees, Sarah Cassar Torregiani and Steve Gingell, took participants through the tax legislative highlights of 2022 and the work of...
The CJEU has ruled in joined cases C-37/20 & C-601/20 WM and Sovim SA v Luxembourg Business Registers that the amendment to the AML Directive (Directive 2015/849 as amended by Directive 2018/843) pursuant to which Member States must ensure that Beneficial Ownership information is made accessible to...
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...
The anticipated proposal for legislative developments addressing VAT in the Digital Age was published on 8 December 2022. The VIDA package puts forward measures for addressing: real-time reporting of intra-EU transactions the rules for passenger transport and accommodation platforms single VAT registration in the EU The proposed...
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...
The Exemption from Tax on Property Transfers (Set-off of Tax Arrears) Rules, which were introduced in 2021 (See MIT News 10 November 2021) have been revised by LN 311 of 2022 amending Rule 4 to permit the transfer of tax arrears between related companies and between...
This week's edition of the CFE Tax Top 5 looks at the following: EU Adopts Revised Code of Conduct on Business Taxation ECJ Delivers Judgment in Fiscal State Aid Case Fiat Finance CFE Conference “Targeting the “Bad Apples”: Enablers of Tax Avoidance”; Zagreb, 2 December 2022 OECD’s Warns...
