World news
7 February 2019

EU-Japan Economic Partnership Agreement

The EU and Japan's Economic Partnership Agreement entered into force on 1 February 2019, eliminating the majority of existing tariff and non-tariff measures pertaining to the delivery of goods and the provision of services, enhancing mutual…

World news
10 January 2019

Brexit: time for a deal running short

Although the exit agreement between the United Kingdom and the EU is ready, it has not yet been ratified. The key vote in the British parliament lies ahead: if the deal is not passed, there will most likely be a no-deal Brexit. In this uncertain…

World news
7 November 2018

October ECOFIN meeting: quick VAT fixes

In addition to the generalised reverse charge mechanism, other important VAT changes were agreed on at the October meeting of the Economic and Financial Affairs Council (ECOFIN). These involve quick fixes and the application of a reduced rate to e…

World news
9 October 2018

Clearer rules for cross-border tax dispute resolution

In the autumn of 2017, the long-awaited EU directive on tax dispute resolution mechanisms in the European Union was passed. It aims to unify international cooperation in the resolution of tax disputes mainly arising from interpretation ambiguities…

World news
9 October 2018

Generally applicable reverse charge mechanism

At its October session, the Economic and Financial Affairs Council (ECOFIN) approved a proposal allowing the EU member states to temporarily implement a generalised reverse charge mechanism until 2022.

World news
5 September 2018

Brexit: What happens if UK leaves the EU with no deal?

In mid-July, the UK government published more than a hundred-page-long document called the UK-EU Future Relationship White Paper, providing information on how the relationships between the UK and the EU should look like with respect to the economy,…

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