EU to increase state support for businesses hit by energy crisis

The European Commission has extended the Temporary Crisis Framework allowing direct subsidies or other forms of state aid for businesses affected by the energy crisis to mitigate the negative economic impact.

EC's landmark decision blocks merger of companies below turnover threshold

In a breakthrough decision, the European Commission has prohibited the merger of two US companies, Illumina and Grail, operating in the European biotechnology market. For the first time ever, the Commission did not allow a merger to proceed even…

Social security perspective on cross-border work from home and remote work

During the pandemic, to allow some sectors to operate without major restrictions, employees often had to work from home or remotely. Working from home (including cross-border) has thus become a common part of working life, even in ‘post-covid’ times…

Women on Boards: quotas to increase gender balance in corporations

After almost a decade of debate on the EU platform, a provisional political agreement has been reached on a proposal for a directive to promote a more balanced gender representation on corporate boards.

CJEU limits processing air passengers’ personal data

The beginning of the summer holidays was marked by the Court of Justice of the EU (CJEU) ruling concerning air travel, passengers' personal data, and prevention of terrorism. The CJEU primarily addressed the validity of the Passenger Name Record …

Draft DEBRA directive allows deducting notional interest on equity financing

The European Commission has published a proposal for a directive that should balance the tax disadvantages of equity financing compared to debt financing (debt-equity bias) by allowing taxpayers to deduct from the tax base notional interest on newly…

VAT system fit for digital age now within reach

The forthcoming reform of the VAT system is intended to improve the efficiency, fairness, and collection of tax and reduce VAT fraud. The European Commission is currently preparing concrete proposals on digital reporting, the application of VAT to…

One-stop-shop and VAT in the digital age

The Council of the EU and the European Commission are preparing further steps on VAT to simplify cross-border transactions and the import of goods into the EU for end consumers. The digitisation of VAT reports, electronic invoicing and harmonisation…

European Commission: progress in VAT system digitisation

In January this year, the European Commission launched a comment procedure to collect views on the digitisation of the VAT system in the member states, as it believes that the digitisation and automation in applying VAT across the EU will help…

Reform of reduced VAT rates in EU

The current EU rules on VAT rates for goods and services were set almost 30 years ago and need to be modernised to correspond to developments in EU legislation. In 2018, the European Commission therefore proposed a reform of VAT rates, and an…

Commission clamps down on shell companies

The European Commission released its first proposal for a directive aiming to prevent the misuse of shell entities for tax purposes. Companies without sufficient economic substance will be denied benefits ensuing from double taxation treaties and…

EU to strengthen protection for Uber and other internet platform workers

Over 28 million people in the EU work for internet platforms such as Uber, Wolt and Dáme jídlo. It is estimated that by 2025 this number could increase to 43 million. Internet platform workers are mostly hired as self-employed persons, although they…