Austria Gazettes Law For New Interest Deduction Limitation

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 1, 2021

Austrian lawmakers have signed off on the introduction of new limits on the deductibility of interest expenses for multinational corporations. Read Full Story

EU Seeking Sanctions Against UK Over Tax Rules On Marked Fuels

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The EU has referred the UK to the Court of Justice over its failure to comply with EU rules on marked fuel. Read Full Story

EU Pressures Italy To End Tax Exemptions For Ports

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

On December 4, 2020, the European Commission said that Italy must abolish its corporate tax exemptions for ports in order to align its tax regime with EU state aid rules. Read Full Story

ECJ AG Urges Ruling Against Belgian 'Excess Profit' Ruling System

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

European Court of Justice (ECJ) Advocate General Juliane Kokott has opined that the Commission was right to consider that the Belgian practice of making downward adjustments to profits of undertakings forming part of multinational groups, under the "excess profit" ruling scheme, constituted an aid scheme. Read Full Story

EU Eyeing 2023 Start Date For DAC7

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The EU has agreed new rules that will see member states automatically exchange information on income earned by sellers on digital platforms from 2023. Read Full Story

EU To Challenge Dutch Pension Tax Rules Before ECJ

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 10, 2020

The European Commission has referred the Netherlands to the Court of Justice for its rules on the cross-border transfer of pension capital and cross-border provision of pensions. Read Full Story

Belgium Taken To Task For Three Tax Regime Features

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 10, 2020

The European Commission is undertaking infringement proceedings against Belgium regarding the taxation of shares held by life insurance companies, the taxation of income from savings deposits, and the deductibility of alimony payments. Read Full Story

UAE Explains Updated Economic Substance Rules

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, October 5, 2020

The United Arab Emirates Ministry of Finance has highlighted changes made to the territory's rules on economic substance. Read Full Story

Germany Issues EU Presidency Tax Priorities

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 29, 2020

On September 22, 2020, Germany provided further details about the government's tax policy priorities for its presidency of the European Union. Read Full Story

EU Expecting COVID-19 Dent In 2020 VAT Collections

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 22, 2020

The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. Read Full Story

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