If you have operations in the European Union, the new EU Anti-Tax Avoidance Directive might well affect you. Most of the new rules apply as of 1 January 2019, so it’s time to consider their impact and take the necessary steps.
The EU Anti-Tax Avoidance Directive (ATAD I & II "ATAD") forms part of a larger anti-tax avoidance package adopted by the European Union (EU) in response to the OECD’s Base Erosion and Profit Shifting (BEPS) action plan. Designed to tackle tax avoidance practices, ATAD lays down minimum standards for EU Member States, requiring them to change their corporate tax laws in certain areas and within specific timelines.
Most of the new rules apply as of January 1st, 2019 and may have a potential impact on cross-border transactions involving an EU entity. A country-specific analysis is required here since some countries may impose stricter rules or decide on earlier implementation. Our PwC EU tax specialists are constantly monitoring the implementation process across the EU and in particular its potential impact on Swiss-EU cross border structures.
ATAD will apply to all taxpayers (including EU permanent establishments of non-EU companies) that are subject to corporate tax in EU. In any given state it does not extend to transparent entities that are not subject to tax in that state.
ATAD forms part of a larger anti-tax avoidance package adopted by the EU in response to the OECD’s BEPS action plan.
ATAD contains the following five legally binding anti-abuse measures
Starting 1 January, the following measures have to be put into effect in the EU over the subsequent years. Earlier implementation is also possible.
As part of this series, PwC specialists from our international tax practice will walk through practical examples and highlight the significant areas of impact of ATAD in each local jurisdiction. Additionally, you will have the chance to raise questions directly to our specialists.
The Dutch government has issued the draft implementation bill on Tuesday 2 July 2019. The developments as a result of the draft bill will also be discussed during the webinar.
Episode Five: France and Belgium
Wednesday, 24 April 2019, 15:00 - 16:00 CET
Episode Four: Ireland and Spain
Wednesday, 3 April 2019, 15:00 – 16:00 CET
Episode Three: UK and Swiss Tax Reform
Wednesday, 13 March 2019, 15:00 – 16:00 CET
Episode Two: Netherlands and Italy
Thursday, 28 February 2019, 15:00 – 16:00 CET
For further information, talk to our experts:
This is all urgent and it is therefore crucial to comply with the new rules. We are reviewing the practical impact of the directive including working closely with our client and our PwC network colleagues in EU member states.
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