The proposal, called “Business in Europe: Framework for Income Taxation” (BEFIT), will make life easier for both businesses and tax authorities by introducing a new, single set of rules to determine the tax base of groups of companies.
Commission adopts detailed reporting rules for the Carbon Border Adjustment Mechanism’s transitional phase
On 17 August 2023, the European Commission adopted the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October 2023 and runs until the end of 2025.
An updated consolidation of the national planning information from Member States has been published. The planning relates to the IT systems required under the Union Customs Code (UCC). This information is collected and published by the Commission under Article 278a(4) of the UCC.
200 participants from 45 countries gathered in Berlin this month to share their experience and discuss current and future challenges faced by customs laboratories.
The EU-Central America Association council has adopted on 29 June 2023 the Decision No 1/2023 modifying the list of working or processing required to be carried out on non-originating materials in order that the product manufactured can obtain originating status.
For this month’s interview, we spoke to Marc Clercx and to Lourdes Bustos, the TAXUD officials who helped design the new procedures, and asked them to explain why the new rules were needed and how they will help businesses and tax administrations.
EU VAT rules for e-commerce two years on: Updated revenue figures point again to a successful implementation
New figures indicate that Member States collected €20 billion in VAT revenues in 2022 via new systems introduced two years ago as part of efforts to ensure a more level playing field for all businesses.
The European Commission has today proposed new rules to make withholding tax procedures in the EU more efficient and secure for investors, financial intermediaries (e.g. banks) and Member State tax administrations.
On 13 June 2023, the European Commission published a first call for feedback on the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase.
For our May newsletter interview, we asked Henrik Paulander, the responsible Head of Sector in DG TAXUD’s Administrative Cooperation Unit, to help us understand how the new so-called 'DAC8' rules will help to increase tax transparency in the crypto assets sector.