World news
UK introduces ETA
The UK continues to digitise its border controls and is introducing ETA, a new electronic travel authorisation system. The system, which is similar to the US’ ESTA, will be mandatory from April 2025 for citizens of the European Union who want to…
Pillar Two: Exchange of information on information returns within EU (DAC 9)
The European Commission is proposing a single framework for exchanging information on top-up tax information returns, which would allow the filing of a single information return within the EU. The proposal includes a single format for information…
Planned Slovak VAT innovations
The Slovak Ministry of Finance has prepared a draft amendment to the VAT Act. The amendment should enter into force on 1 January 2025 (some parts on 1 July 2025). The most important changes are summarised in this article.
VAT perspective on e-invoicing in EU
The digitisation of the tax agenda and the related introduction of electronic invoicing (in the form of e-invoicing) is becoming increasingly relevant. During its EU presidency, Belgium pushed forward negotiations with other member states and…
CBAM: end of default values
In its Implementing Regulation of August 2023, the European Commission in certain cases allowed the reporting of emissions for the purpose of filing Carbon Border Adjustment Mechanism (CBAM) reports based on calculations using published default…
News in international taxation
The KPMG EU Tax Centre regularly summarises European and global changes in direct taxes that may affect your business.
Pillar Two: Further administrative guidance released
The OECD's Inclusive Framework has issued its fourth administrative guidance on the implementation of the model global minimum tax rules and information on the process of recognising the qualified status of domestic top-up tax.
Current developments on Pillar One
The OECD has published additional guidance on setting arm’s-length prices of marketing and distribution activities (Amount B) in low-capacity countries (jurisdictions with limited resources and data). The timing of the signing of the multilateral…
International taxation news
KPMG’s EU Tax Centre prepares regular summaries of changes to direct taxes in the EU and internationally that may affect your business.
What’s in the revised ViDA proposal?
On 8 May 2024, the European Commission published an updated proposal for the VAT in the Digital Age (ViDA) package, to be discussed at the June ECOFIN meeting with the aim to reach an agreement during the Belgian Presidency of the EU Council. The…
Pillar 2: Registration obligations in Belgium and UK
Work on the introduction of a global minimum tax under Pillar 2 is gaining momentum. In this context, we bring to your attention new registration obligations in Belgium and the UK.
New withholding tax rules
The Council of the EU has approved new rules on the application of withholding tax on dividends and interest (the FASTER Directive), but their effectiveness has been postponed until 2030.