BRUSSELS | 26 NOVEMBER 2024   Revised EU Energy Taxation Directive: Presidency Progress  The Hungarian Presidency of the Council of the European Union has advanced negotiations on the revision of the Energy Taxation Directive (ETD), a key part of the EU’s Fit for 55 package aimed at reducing emissions by 55% by 2030 and achieving climate […]

BRUSSELS | 28 OCTOBER 2024   EU Commission Publishes DAC9 Proposal for a Central Filing Mechanism for Pillar 2 Reporting The European Commission has today published a “DAC9” proposal to amend the Directive on administrative cooperation in the field of taxation (Directive 2011/16/EU) and harmonise the reporting process in the EU for the OECD/G20 Base Erosion and Profit Shifting (BEPS) Pillar Two […]

BRUSSELS | 9 SEPTEMBER 2024   European Commission Strategic Report on Future of Europe’s Competitiveness  The European Commission have published the long-awaited strategic report on the future of the Single Market and Europe’s competitiveness. “The future of European competitiveness – A competitiveness strategy for Europe” is a report prepared by former European Central Bank President and pre-eminent economist Mario Draghi, […]

BRUSSELS | 12 AUGUST 2024   CJEU: DAC6 Mandatory Reporting Waiver Applies to Lawyers Only In the judgment of the Court of Justice of the European Union (CJEU) in case C-623/22 (Belgian Association of Tax Lawyers and Others), concerning the validity of Council Directive 2011/16/EU of 15 February 2011 on administrative cooperation in the field of taxation and […]

BRUSSELS | 29 JULY 2024   OECD Secretary-General Tax Report to G20  The Taxation Report of the Secretary-General of OECD was presented to Finance Ministers and Central Bank Governors at the G20 meeting held in Rio de Janeiro in Brazil from 25 to 26 July 2024, setting out key developments in international tax since February 2024. The report was presented together […]

BRUSSELS | 24 JUNE 2024   ECOFIN: No Agreement on ViDA at Final Belgian Presidency Meeting Economic and Finance Ministers met on 21 June 2024 for the final meeting in their ECOFIN configuration under the Belgian Presidency of the Council of the EU. Belgium hands over the Presidency to Hungary next Monday on 1 July 2024. At the […]

BRUSSELS | 28 MAY 2024   EU Council of Ministers Approves FASTER Directive  The Council of the EU, in composition of EU’s finance ministers (ECOFIN), approved the European Commission proposal on a directive establishing faster withholding tax relief (WHT) procedures and common tax residency certificate (eTRC) from 1 January 2030. CFE Tax Advisers Europe welcomed this initiative of the […]

“EU – US AI Research Alliance & Report on “AI For Public Good” The EU and US reaffirmed their common commitment to a risk-based approach to artificial intelligence (AI) and support for reliable AI technology in the framework of the EU-US Trade and Technology Council (TTC) meeting held in Leuven, Belgium. As a key forum for transatlantic cooperation on trade […]