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European Union News - Business, Taxation & Offshore


New EU Requirements For IFRS Financial Statements From 2020

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

The European Commission has announced that listed companies that prepare consolidated financial statements using IFRS Standards will be required to tag their primary financial statements using the IFRS Taxonomy for financial years starting on or after January 1, 2020.Read Full Story


EU Takes Action Against Spain Over Rules On Reporting Of Assets

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad. Read Full Story


IMF Advises Luxembourg On Coping With International Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base.Read Full Story


Switzerland Consults On Trade Agreement With UK

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The Swiss Federal Council has launched a public consultation on an agreement that will govern trade relations with the UK after Brexit.Read Full Story


EU Launches New System For Tackling VAT Fraud

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 21, 2019

The European Commission has announced the launch of the Transaction Network Analysis tool, a new system to enable EU member states to rapidly exchange and jointly process VAT data. Read Full Story


Germany Legislates To Improve Tax Dispute Resolution

by Ulrika Lomas, Tax-News.com, Brussels

Monday, April 29, 2019

On April 16, Germany's Ministry of Finance published a draft law that would transpose into German law the requirements of the European Union directive on tax dispute settlement mechanisms.Read Full Story














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