Proposed Directive laying down rules to prevent the misuse of shell entities for tax purposes

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 any tax advantages.

Once adopted by Member States, the proposal should come into force as of 1 January 2024.

 

source: ec.europa.eu
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