European Union (EU) 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 Finance Ministers Agree Landmark VAT Rate Rule Changes
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, January 5, 2022
EU finance ministers have agreed an update to the rules governing value-added tax rates for goods and services. 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

EU Committed To Boosting Tax Take From Digital Economy
by Ulrika Lomas, Tax-News.com, Brussels
Friday, March 19, 2021
The EU is willing to move ahead with its own proposals on taxing the digital economy if an agreement is not reached at an international level, according to the current EU Council presidency. Read Full Story

Seychelles Hoping For EU Tax Blacklist Removal This Year
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, February 22, 2021
The Seychelles Ministry of Finance has said it is confident that it will be removed from the EU's list of non-cooperative jurisdictions when it is next reviewed. Read Full Story

EU Sizes Up Impact Of New UK Free Trade Deal
by Jason Gorringe, Tax-News.com, London
Monday, February 15, 2021
The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties. 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

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

UK, Mexico Sign Continuity Trade Deal
by Jason Gorringe, Tax-News.com, London
Tuesday, December 22, 2020
On December 15, 2020, the UK and Mexico signed a trade continuity agreement that will apply when the Brexit transition period ends. Read Full Story
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