On 18 February 2020, the EU Council adopted a legislative package relating to the transmission and exchange of payment data in order to improve the fight against e-commerce VAT Fraud. This legislative package creates new reporting obligations for EU payment service providers, which will require them...
This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes EU Coordinated Response to Coronavirus Outbreak; OECD Publishes Responses to CbCR Consultation; UK to Proceed with Digital Tax; EU Publishes Industrial Policy Package; In Memoriam: Former CFE President Professor...
In recognition of the fact that the COVID-19 developments may impact the ability of Subject Persons to meet their reporting obligations in a timely manner, the FIAU has announced that: the late submission penalty fee of EUR 100, which would have been applicable in the...
In a press conference held earlier today, the Prime Minister announced that a package of measures will be introduced to address the impact of COVID-19 on the economy. The first set of measures are intended to assist with managing cash-flow and will apply to the sectors most impacted...
In a statement issued earlier today the EU Commission highlighted that EU State aid rules enable Member States to take action to support citizens and businesses, in particular SMEs, who are facing economic difficulties due to the COVID-19 outbreak. Measures which are compatible with State Aid rules: Examples...
The Malta Business Registry has announced that, in view of the current situation, its offices will be closed to the public until further notice. They will however continue to provide services in accordance with the procedures set out below: Registration of documents through online services...
This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes Tax Evasion & Tax Simplification Roadmap; Turnover Taxes Not Discriminatory: ECJ Decisions in Tesco & Vodafone; EU Green Deal – Energy Taxation & Carbon Border Adjustment Inception Impact Assessments; ...
Further to the consultation on the revised Risk Evaluation questionnaires (REQs) held earlier this year, the FIAU has published the 2020 REQs on its website. Subject Persons, which includes Tax Advisors, are required to complete and submit the respective REQ via the CASPAR system. Guidance on the...
This week's edition of the CFE Tax Top 5 looks at the following: Vestager: Member States’ Digital Taxes Not State Aid; European Semester Reports: Overview of Key Socio-Economic Parameters; ECJ Revisits ‘Final Losses’ Doctrine in Case C-405/18 AURES; OECD Publishes Dispute Resolution Reports; Taxpayers’ Rights:...
