World news
16 February 2018

EU removes eight countries from its blacklist

At its January session, ECOFIN crossed off eight countries from the EU tax haven blacklist: South Korea, the United Arab Emirates, Panama, Barbados, Grenada, Macao, Mongolia and Tunisia were grey listed instead.

World news
16 February 2018

OECD proposes new disclosure rules

The Common Reporting Standard (CRS) is an approved global standard for the automatic exchange of information between tax authorities of individual states. It aims to prevent tax evasion and money laundering. Within the CRS, selected information on…

World news
16 February 2018

Can we look forward to new VAT rates?

In mid-January, the European Commission submitted a proposal to amend VAT rate rules and adopt a number of VAT measures that should help small and medium-size businesses reduce their administrative burden in connection with cross-border transactions…

World news
17 January 2018

SAC: VAT cannot be levied twice on the same transaction

The Supreme Administrative Court (SAC) granted many VAT payers’ Christmas wishes by its favourable ruling regarding the fight against tax fraud. In the FAU case, attracting considerable media attention, the court said no to the concurrence of…

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