May ECOFIN: digital taxation and changes to black list
At its May 2019 session, the Economic and Financial Affairs Council approved changes to the EU black list. Ministers also exchanged opinions on the taxation of the digital economy before the upcoming debate at the G20 summit in June.
Decision on digital services tax postponed
The Economic and Financial Affairs Council (ECOFIN) did not pass the draft directive on digital services tax at its meeting on 4 December 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…
Latest news - November 2018
Last month’s tax and legal news in a few sentences.
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.
Latest news - August 2018
Last month’s tax and legal news in a few sentences.
The end of the present EU VAT system approaching?
Late in May this year, the European Commission submitted a proposal to amend the VAT Directive, outlining the definitive (final) VAT system. The new system should unify the principles applicable in the VAT area across the European Union, simplify…
Tax planning may be subject to reporting duty
In mid-March, the ECOFIN Council reached political agreement on the rules requiring intermediaries (tax advisors, attorneys, other advisors) or taxpayers to disclose information on potentially aggressive cross-border tax planning arrangements. This…