No Match Found
Switzerland and the EU did not reach a consensus on the negotiations of the Institutional Framework Agreement.
Borders entry rules are changing fast and understanding how rules for immigration, COVID-19 and airline policies work together can be difficult. In this article, we provide clear explanations.
The G20 Finance Ministers and Central Bank Governors gathered in Venice on 9/10 July, where they continued their discussions on issues related notably to global economy and health, efforts to address climate change, international tax issues and policy options on digital transformation and production recovery.
On July 1st OECD/G20 Inclusive Framework (“IF”) published a statement on the proposed agreement surrounding the key parameters and intended timeline for the two pillars solution to addressing the tax challenges arising from the digitalisation of the economy (popularly referred to as “BEPS 2.0”). The announcement comes ahead of the expected mid-July communication of proposed technical package for the two pillars, which was to be announced following the meeting of G20 Finance Ministers on 9/10 July 2021.
Committees of the European Parliament and the Council of the EU have agreed to compromise text on a Directive on public country-by-country reporting (‘Public CbCR’). The text will amend Directive 2013/34/EU, which deals with financial reporting of certain types of undertakings (the Accounting Directive).
The Administrative Court of Geneva has recently issued a verdict about the change of the management company in a contractual real estate fund from a real estate transfer tax (RETT) perspective. It disagrees with the Geneva Tax Administration that the transfer was subject to RETT, and thus confirms that this tax is not due in this specific situation.
This bi-monthly newsletter is prepared by members of PwC’s pan-European EU Direct Tax Group (EUDTG) network.
On 1 June 2021, negotiators for the European Parliament and the Portuguese EU Council Presidency, on behalf of the Council of the EU (EU-27 Member States), provisionally reached a compromise deal on the EU’s draft Directive on public country-by-country reporting (‘Public CbCR’) for big multinational groups, according to a Council of the EU’s press release.
Following the publication by the OECD Secretariat of two blueprints on the architecture of BEPS 2.0 and a public consultation at the end of last year, all eyes were turned towards the incoming Biden administration to gauge the chances of a multilateral deal on international taxation to be reached by the extended deadline of July 2021.
Due to the extraordinary situation, taxpayers do not have to declare an input VAT reduction when they receive COVID-19 contributions from the public sector, although the contributions continue to qualify as subsidies. The FTA published this in its practice specification on May 7, 2021 - contrary to the draft publication.
The elimination of trade barriers and restrictions in international trade is a key element for a flourishing economy. As a result, numerous countries have concluded free trade agreements (FTA) with other countries and regions around the world to stimulate the economy by creating the conditions for a single market.
The first exchange of information between EU Member States for the DAC6 mandatory tax disclosure regime looks set to go ahead on 30 April 2021. In this blog post we look at why, if you have not already done so, it’s time to seriously consider implementing internal processes to identify potential DAC6 exposures and coordinate the filing of reportable arrangements within the 30-day window.