European Commission News

Cyprus Receives EU Approval For Angel Investor Tax Breaks
by Jason Gorringe, Tax-News.com, London
Wednesday, February 16, 2022
The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs. Read Full Story

EU Seeks Input On New Withholding Tax Directive
by Ulrika Lomas, Tax-News.com, Brussels
Monday, October 4, 2021
On September 28, 2021, the European Commission launched a consultation on a proposed Directive that would obligate member states to introduce the same rules regarding withholding tax on dividend and interest payments. Read Full Story

EU To Table A Digital Tax Proposal In October
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, September 15, 2021
The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world's largest firms. Read Full Story

EFTA States' Tax Rulings Receive The All-Clear
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, June 9, 2021
The EFTA Surveillance Authority has closed its investigations into the tax ruling practices of Iceland, Liechtenstein, and Norway, without finding any evidence of state aid infringements. Read Full Story

EU Kick-starts Review Of Financial Services VAT Rules
by Ulrika Lomas, Tax-News.com, Brussels
Monday, February 15, 2021
On February 8, 2021, the European Commission launched a consultation on a review of the VAT rules for financial and insurance services. Read Full Story

MEPs Call For EU Carbon Border Adjustment Mechanism
by Ulrika Lomas, Tax-News.com, Brussels
Monday, February 15, 2021
Lawmakers sitting on an EU parliament climate committee have called for the introduction of a carbon border adjustment mechanism. Read Full Story

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

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 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
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