BRUSSELS I 23 JULY 2018   1.G20 Communiqué Reaffirms OECD’s Tax Agenda G20 finance ministers reiterated their support for the OECD tax agenda at this weekend’s meeting in Buenos Aires, Argentina. The final Communiqué urges a consensus-based solution to the tax challenges of the digital economy as well as stricter criteria to identify non-cooperative jurisdictions […]

BRUSSELS I 16 JULY 201   5th Anti-Money Laundering Directive Enters Into Force On 9 July, the 5th Anti-Money Laundering Directive entered into force, following publication in the EU Official Journal. Member States now have to implement these new rules into their national legislation before 10 January 2020.   The Directive introduces increased transparency requirements, […]

BRUSSELS I 9 JULY 2018   ECOFIN Agenda & Tax Policy Progress Report The Council of the EU will discuss the working programme of the Austrian EU presidency at the next ECOFIN meeting scheduled for 13 July. Ministers are also expected to discuss the progress on the VAT reverse charge mechanism.    The Council of […]

BRUSSELS I JUNE 2018     OECD Releases Guidance on Intangibles and Profit Split Method Under BEPS Actions 8 & 10 The OECD has released two reports setting out guidance on the following matters: Guidance for Tax Administration on the Application of Approach to Hard-to-Value Intangibles under BEPS Action 8, and Revised Guidance on the […]

BRUSSELS I 25 JUNE 2018 1.EU Council Agree VAT Proposals On 22 June the Council of the EU, at its Economic and Financial Affairs meeting, agreed the following VAT proposals: Proposal for amending Council Regulation (EU) No 904/2010 as regards measures to strengthen administrative cooperation in the field of value added tax. This regulationforms part […]

BRUSSELS 18 JUNE 2018 1.EU Publishes 2018 Taxation Trends Report The European Commission has published a report setting out an analysis of taxation trends observed within the European Union, Iceland and Norway, based on statistical and economic analysis of the tax systems within these countries. Key taxation indicators were examined for the purposes of the […]

BRUSSELS , 11 JUNE 2018   1.Tax Intermediaries Directive (Mandatory Disclosure Rules) DAC6 The Council Directive (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (commonly referred to as DAC6), has been published in the Official Journal […]

Brussels, 14 May 2018 1.OECD Consultation on Revising Transfer Pricing Guidelines The OECD has invited public comments on two projects being considered for implementation that would revise certain chapters of the OECD Transfer Pricing Guidelines. Comments have been invited concerning the following proposed revisions to the guidelines: