CFE’s Tax Top 5 – 27 JUNE 2022

BRUSSELS | 27 JUNE 2022 CFE Opinion Statement on Introducing a Common EU-wide System for Withholding Taxes The CFE has issued an Opinion Statement in relation to the European Commission’s public consultation on introducing an EU-wide system on withholding taxes. The CFE Tax Advisers Europe is supportive of the initiative to introduce an EU-wide system for relief at [...]

CFE’s Tax Top 5 – 20 JUNE 2022

BRUSSELS | 20 JUNE 2022 Professional Regulation of Tax Advisers in the EU: Commission Consultation to be Launched in July/h3> The European Commission will not propose amendments to the existing rules on professional regulation of tax advisers, according to reports from various events and meetings held last week. Due to the complexity and diversity of [...]

CFE’s Tax Top 5 – 13 JUNE 2022

BRUSSELS | 13 JUNE 2022 ECOFIN to Vote on Minimum Tax Directive Finance Ministers from the Council of the European Union will this week again vote on the directive on the implementation of Pillar 2 into the EU legal order. Poland’s Finance minister Magdalena Rzeczkowska maintained veto over the compromise directive as agreed by the rest of the [...]

CFE’s Tax Top 5 – 30 MAY 2022

BRUSSELS | 30 MAY 2022 EU EU Tables Minimum Tax Directive Vote for June The French Presidency of the Council of the European Union tabled the discussion on the directive on the implementation of Pillar 2 into the EU legal order for the 17 June ministers’ of finance meeting, facing opposition from Poland. Poland’s Finance minister Magdalena Rzeczkowska [...]

CFE’s Tax Top 5 – 23 MAY 2022

BRUSSELS | 23 MAY 2022 EU Commission Publishes Equity Allowance Proposal On 11 May 2022, the European Commission published a proposal for a directive laying down rules on a debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purposes (“DEBRA”). These measures seek to equalise the tax treatment of debt and equity by way [...]

CFE’s Tax Top 5 – 9 MAY 2022

BRUSSELS | 9 MAY 2022 CFE Opinion Statement on the EU Commission VAT in the Digital Age Consultation On 5 May 2022, CFE Tax Advisers Europe issued an Opinion Statement on the EU VAT in the Digital Age Consultation. CFE welcomes the work of the European Commission in seeking to review the appropriateness of current VAT rules [...]

CFE’s Tax Top 5 – 2 MAY 2022

BRUSSELS | 2 MAY 2022 CFE Opinion Statement on OECD Public Consultation on a Crypto-Asset Reporting Framework On 29 April 2022, CFE issued an Opinion Statement on the OECD public consultation on a Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard. CFE recognises the need to understand and meet the challenges presented by the crypto revolution. [...]

CFE’s Tax Top 5 – 26 APRIL 2022

BRUSSELS | 26 APRIL 2022 EU Parliament Tax Subcommittee: Hearing on Regulating Intermediaries On 25 April 2022, the European Parliament’s Permanent Subcommittee on Tax Matters held a hearing concerning regulation of the provision of tax advice across the European Union, “How to reinforce the regulation of intermediaries to create an intermediary sector that ensures a fair and user-friendly [...]

CFE’s Tax Top 5 – 19 APRIL 2022

BRUSSELS | 19 APRIL 2022 EU Commission Latest EU Law Infringement Package The European Commission has issued a number of infringement decisions or letters of formal notice addressed to Member states for breach of their legal obligations under EU law. Germany received a letter of formal notice concerning discriminatory withholding taxation of dividends/ interest to charitable organisations [...]