OECD & IF Members Postpone Freeze on National DSTs Until End-2024 138 Members of the BEPS Inclusive Framework postponed the freeze on imposition of national digital services tax (DST) until the end of 2024, which allows more time for an international agreement on reallocation of digital economy taxing rights under Pillar 1 to be reached. Some countries, […]

European Commission Publishes ‘FASTER’ Proposal – New Rules for Withholding Taxes in the EU The European Commission has published a proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes (FASTER), setting out proposed new rules for withholding taxes in the EU. The proposed legislation aims to simplify cross-border investment and taxation in the EU […]

EU Parliament Hearing on Empowering Tax Authorities On 25 April the European Parliament’s Permanent Subcommittee on Tax Matters held a hearing on the topic of “The Work of National Tax Authorities: Resources, Strategies, Cooperation”. At the hearing, speakers from Portugal’s Tax and Customs Authority, the Union of Finance Personnel in Europe, the Intra-European Organisation of Tax […]

CFE Tax Advisers Europe’s 2023 Forum will take place on Thursday 20 April 2023 in Brussels on the topic of “Towards a More Cohesive European Fiscal Union?  Minimum Tax & VAT in the Digital Age“. These two key European Commission projects mark another milestone in the deepening of EU fiscal integration. The Directive on Minimum Tax which […]

EU Calls on UN to Support OECD Efforts on International Taxation  The European Union and its Member states have submitted a joint response to the Note Verbale related to the United Nations (UN) resolution on promoting inclusive and effective international cooperation on tax matters at UN level. Whilst welcoming the UN efforts to contribute to more effective international cooperation on […]

EU List of Non-Cooperative Jurisdictions for Ta Purposes Updated The Council of the EU has added the jurisdictions of the British Virgin Islands, Costa Rica, Marshall Islands and Russia to the so-called “Blacklist”, the List of Non-Cooperative Jurisdictions for Taxation Purposes. The British Virgin Islands were added to the list for not sufficiently complying with the OECD standard on […]

ECOFIN: Swedish Presidency Priorities At the first meeting of the Economic and Financial Affairs Council for 2023, Finance Ministers discussed the priorities for the Swedish Presidency of the Council of the European Union from 1 January until 30 June 2023. The Swedish Presidency priorities as concerns taxation are as follows: A review of the Energy Taxation Directive is under […]

BRUSSELS | 12 DECEMBER 2022  ECJ: Certain Elements of DAC6 Incompatible with Primary EU Law  The Court of Justice of the European Union found certain elements of the Directive on Administrative Cooperation to be incompatible with primary EU law, i.e. the Charter of Fundamental Rights. EU courts are empowered to invalidate secondary EU law (such as directives) […]