On 12 September 2018, European Commission President Jean-Claude Juncker delivered the annual State of the Union Address. With respect to taxation, a letter of intent published in relation to the address includes priority initiatives for delivery before the European Parliament elections (expected May 2019), including the adoption of the proposals on:
Tag - European Union
The EU cross-border VAT rulings project has been extended from 30 September 2018 until 30 September 2022.
Responding to a proposal from the European Commission, the Council has adopted a directive making the 15% minimum standard rate a permanent feature of a new VAT system. The full press release can be read here.
On 22 June 2018, the Council agreed on measures to strengthen administrative cooperation in order to improve the prevention of VAT fraud. You can read the full press release here.
June 8th 2018 saw the European Commission release proposed measures for the next long-term EU budget 2021-2027. You can read the full press release here.
We posted an article in October concerning proposals for an overhaul of the current European VAT system and the introduction of a single EU VAT area. The European Commission has now published proposals for the detailed technical amendments that will accompany the overall plan to make the VAT system more fraud-resilient.
March 21st 2018 saw the European Commission release two proposed amendments to international tax rules to ensure digital business activities are taxed correctly and fairly.
The EU VAT Forum Group have published a report on Cooperation between Member States and Businesses in in the field of modern day commerce and specifically E-Commerce.
Further to last week’s bulletin we can bring you news that the European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions.
The EU Commission took tentative steps toward reducing harmful tax competition among EU member countries on March 7th 2018, publishing European Semester country reports that identify seven EU countries as potentially facilitating tax avoidance by multinationals.
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