Europe News

UAE Introduces CbC Reporting, Economic Substance Rules

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, July 16, 2019

The UAE has recently passed legislation to introduce new country-by-country reporting requirements and new economic substance requirements. Read Full Story

EU Agrees Largest Ever Trade Deal, With Mercosur Bloc

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 5, 2019

The EU and Mercosur have reached a political agreement on a new trade agreement that will save EU businesses an estimated EUR4bn (USD4.5bn) worth of duties a year. Read Full Story

New EU Dispute Resolution Rules Enter Into Force

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 5, 2019

The EU's new directive on tax dispute resolution mechanisms entered into force on July 1. Read Full Story

Sweden To Make Marketplaces Liable For Evaded VAT

by Ulrika Lomas, Tax-News.con, Brussels

Friday, July 5, 2019

On June 28, 2019, the Swedish Government announced that it has begun the legislative process to implement European Union e-commerce value-added tax reforms. Read Full Story

EU Court Rules For Hungary In Advertising Tax Dispute

by Ulrika Lomas, Tax-News.con, Brussels

Friday, July 5, 2019

On June 27, 2019, the General Court of the European Union annuled a decision by the European Commission which found that the Hungarian advertisement tax was incompatible with the EU state aid rules. Read Full Story

French Lawmakers Agree Digital Tax Law

by Ulrika Lomas, Tax-News.con, Brussels

Friday, July 5, 2019

A joint committee of lawmakers from the French House of Representatives and the Senate has agreed on a bill to introduce a digital services tax in France. Read Full Story

Finland Launches Consultation On EU Exit Tax

by Ulrika Lomas, Tax-News.con, Brussels

Friday, June 21, 2019

On June 14, 2019, the Finnish Ministry of Finance launched a consultation on draft exit tax legislation. Read Full Story

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

Luxembourg Ministers Endorse EU VAT 'Quick Fixes'

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

Luxembourg's Government Council, comprising government ministers, has approved legislative changes to the territory's VAT regime to introduce the four quick fixes to improve the functioning of VAT rules in the European Union. Read Full Story

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