Recording available: BEFIT Webinar
On 26 June, DG TAXUD organised a webinar to answers the most frequently asked questions about the Commissions “Business in Europe: Framework for Taxation (BEFIT)” proposal which lays down a new, single set of rules to determine the tax base of groups of companies in the EU. Currently, large cross-border groups must comply with up to 27 different national tax systems in the EU, making it difficult and costly for them to do business across the Union. This complexity creates an uneven playing field and increases tax uncertainty and tax compliance costs for businesses operating in more than one Member State and discourages cross-border investments..
Watch it here
Watch it back: CBAM Info Session
Since the entry into application of the CBAM regulation in its transitional phase in October 2023 and the parallel launch of the CBAM communications campaign, a large variety of stakeholders operating at European, international, and national levels in all CBAM sectors and goods, have been interested in participating in info sessions, meetings, and webinars to receive first-hand information on CBAM related matters. DG TAXUD organised an informative presentation on 19 June.
Watch it here
Electronic version of the VAT exemption certificate
The European Commission adopted a legislative package on 8 July proposing to amend Council Directive 2006/112/EC (the VAT Directive) and Council Implementing Regulation (EU) No 282/2011 (the VAT Implementing Regulation). The proposal includes implementing measures laying down the technical details and specifications concerning the applicable electronic format of the certificate and the way in which it is to be processed electronically. This solution will include an e-form in PDF format and the electronic procedure for the VAT exemption certificate, which will also allow the use of advanced electronic signatures. The initiative also aligns with the area of excise duties, where a legal basis for an electronic solution already exists.
Have your say by 13 September!
Anti-tax Avoidance Directive (ATAD)
The Commission evaluates the Anti-Tax Avoidance Directive (‘the ATAD’). The ATAD lays down minimum standard rules to address the most common forms of aggressive tax planning and tax avoidance practices that directly affect the functioning of the internal market. Under Article 10 of the Directive, the Commission must evaluate the implementation of the ATAD, and report to the Council afterwards.
Have your say until 11 September!
Tax paid by multinationals – template and electronic formats for ‘country by country’ reports
Large multinational corporations operating in the EU must disclose information on the corporate taxes they pay, including contextual information, in the form of annual ‘country by country’ reports. This initiative introduces a common template and electronic formats for these reports.
Have your say by 29 August!
