World news
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.
New OECD report on Pillar One – Amount B
The OECD’s Pillar I and Pillar II initiatives to reform international taxation aim to address tax challenges arising from the digitisation of the economy and ensure a fairer distribution of profits and taxing rights among countries in the globalised…
Development of administrative practice in VAT treatment of fuel cards
The application of VAT on fuel cards has been a highly scrutinised topic. Fuel cards are often used by vehicle operators for refuelling. In September this year, the VAT Committee issued new guidance after re-visiting the EU Court of Justice's ruling…
Pillar 1: first draft of multilateral convention
The OECD has published the first draft of a multilateral convention to implement the rules for the reallocation of a portion of profits (Amount A) of large multinational groups to countries where their end customers or service users are located (the…
Impact of sanctions against Russia on importers of iron and steel products
From 30 September 2023, importers of iron and steel products into the EU are newly obliged to prove that they did not use iron or steel of Russian origin in their production. The measure is part of a package of sanctions against Russia that had been…
ViDA and its impact on platform economy
The draft VAT in the Digital Age (ViDA) Directive promises to modernise the VAT system across the European Union. The aim is to increase EU tax revenues, digitalise reporting, defend against tax fraud more effectively, and move towards a definitive…
BEFIT: Another step towards uniform income taxation rules in EU
The European Commission has published its draft BEFIT (Business in Europe: Framework for Income Taxation) directive, which proposes a uniform approach to the taxation of large multinational groups in the EU and is the result of the EC's continuing…
Proposal for transfer pricing directive
The European Commission has published a proposal for a transfer pricing directive to unify procedures for the application of EU transfer pricing rules regarding the definition of related parties and the setting of arm’s length prices.
CJEU issues another judgment on fixed establishments for VAT purposes
The Court of Justice of the European Union (CJEU) has held that where a customer receives services based on an exclusive contract for the provision of services in a state other than the state in which their business is located, the resources of the…
Minimum tax: current OECD and Czech developments
In July, the OECD published details on the content of the top-up tax information return, and additions to the administrative guidance. The Czech Ministry of Finance then published the outcome of the comments filed during the comment procedure and…