News Europe
Finnish Parliament Considering Bill To Transpose EU Directive On Dispute Resolution
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January 22nd, 2019
The Finnish Parliament is currently considering Bill HE 308/2018, which provides for the transposition of Council Directive (EU) 2017/1852. In addition the bill addresses certain other tax dispute resolution mechanisms related to the interpretation of tax treaties.
EU Proposes Change In Decision Making Process For Tax Issues
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January 18th, 2019
The European Commission announced the publication of communication on a roadmap for a progressive and targeted transition to qualified majority voting (QMV) under the ordinary legislative procedure in certain areas of shared EU taxation policy. The roadmap includes gradual, four-step progression towards decision-making based on QMV as described below.
Austria Officially Introduces Digital Tax In Its Tax Reform Plans
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January 18th, 2019
The Austrian Government has issued a release on its tax reform plans, including measures for the taxation of the digital economy, which include a 3% tax on revenue from online advertising and reporting obligations for online intermediary platforms.
Background .
EU Opens Investigation Into Dutch Tax Ruling Of US Sportswear Giant
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January 15th, 2019
The European Commission has opened an investigation into the tax treatment of US sportswear company Nike Inc in the Netherlands. The investigation aims to examine whether five tax rulings granted by the Dutch tax authorities to two Nike group companies based in the Netherlands (Nike European Operations Netherlands BV and Converse Netherlands BV) between 2006 and 2015 gave the company an unfair advantage over its competitors, potentially in breach of EU State aid rules.
Kazakhstan and The Netherlands Sign MOU On Exchange Of Information
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January 14th, 2019
The Netherlands has published the Memorandum of Understanding (MoU) signed with Kazakhstan on the automatic exchange of information under the Mutual Assistance Convention and the 1996 Dutch-Kazakhstan tax treaty. The MoU was signed by Kazakhstan and the Netherlands on 5 November 2018 and 9 December 2018, respectively, and sets out the scope of information on individuals and legal persons to be exchanged automatically, the timing of exchange, and other related matters.
Poland Releases Interest Safe Harbor Notice Following The Transfer Pricing Reforms
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January 8th, 2019
Following the government’s release on transfer pricing and mutual agreement procedure rules, the Polish government has issued a notice on the new intragroup interest rate safe harbor.
The Scope of Safe Harbor Application .
The Netherlands Publishes Own List Of Low-Tax Jurisdictions In Fight Against Tax Avoidance
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January 3rd, 2019
The Dutch Ministry of Finance has announced the publication of the list of Low-Tax jurisdictions. Transactions or structures involving the countries on the blacklist will be subject to new anti-tax-avoidance measures that take effect in 2019 and 2021.
Estonia Implements EU Anti-Tax Avoidance Directive Measures
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January 3rd, 2019
Estonia published the Income Tax Amendment Act in the Official Gazette. The main measures of the Act provide the implementation of the EU Anti-Tax Avoidance Directive (ATAD) as urged by the European Commission.
Austria To Implement Digital Service Tax Unilaterally
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January 3rd, 2019
In the waning days of its EU presidency, the Austrian government said it would introduce a domestic version of the digital services tax (DST). The unilateral plan is following France's new levy on the so-called GAFA companies: Google, Apple, Facebook, and Amazon.
Luxembourg Parliament Adopts Legislation Implementing EU Anti-Tax Avoidance Directive
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December 20th, 2018
The Luxembourg parliament voted to approve Bill No. 7318, which includes measures for the implementation of the EU Anti-Tax Avoidance Directive (ATAD).
France Not Waiting On EU To Implement Digital Services Tax
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December 20th, 2018
French Finance Minister Bruno Le Maire announced on 17 December 2018 that France will not be waiting for an agreement on a digital services tax in the EU and is planning to introduce its own tax targeting Google, Apple, Facebook, and Amazon (GAFA).
France Initiative to Introduce Its Own Tax .
EU Commission Urges Member States To Improve The Way How To Collect And Exploit Data Exchange
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December 18th, 2018
On 17 December 2018, the European Commission presented the first report on the overview and assessment of the statistics and information on the automatic exchanges in the field of direct taxation. The European Commission through the report urges Members States to improve the way they collect and exploit the data they exchange.
The Netherlands Launches Consultation On Implementation of Fifth Anti-Money Laundering Directive
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December 13th, 2018
The Dutch Ministry of Finance announced, by way of a press release, that it had launched a public (internet) consultation on draft legislation implementing Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU (the Fifth AMLD).
The Highlight of the Directive .
The Netherlands Launches Consultation On Implementation of Fifth Anti-Money Laundering Directive
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December 13th, 2018
The Dutch Ministry of Finance announced, by way of a press release, that it had launched a public (internet) consultation on draft legislation implementing Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU (the Fifth AMLD ).
The Highlight of the Directive .
Switzerland Initiates Consultation On Introduction Of Automatic Exchange Of Information With 18 Further States
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December 11th, 2018
The Swiss Federal Council announced the launch of a public consultation on the introduction of the automatic exchange of financial account information (AEOI) with 18 further states and territories. By expanding its AEOI network accordingly, Switzerland is underlining that it is implementing its international obligations, as OECD requires that individual states and territories complement their AEOI network with all partner states that have an interest in the AEOI.
ECOFIN Fails to Reach Agreement on EU Digital Services, France and German Propose New Bill
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December 6th, 2018
Despite hopes that agreement could be reached on the EU's proposed digital services tax (DST) before the end of the year, a compromise proposal that was put forward during the 4 December meeting of the Economic and Financial Affairs Council, did not gain the necessary support and was not discussed in detail. Amidst the failure in reaching the agreement on DST, France and German proposed new stripped-down version of digital services tax.
Ireland And Malta Reach An Agreement To Prevent 'Single Malt' Structure
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November 30th, 2018
Ireland's Department of Finance has announced the signing of a competent authority agreement between the Revenue Commissioners and the Maltese tax authority to prevent ‘Single Malt’ structures. This Agreement will ensure that the Treaty does not enable that aggressive structure.
EU Tax Committee Presents First Draft Report On Tax Avoidance And Evasion
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November 30th, 2018
The EU tax committee has presented the report on tax avoidance and evasion. The report, which was drafted on November 14, contains numerous proposals and recommendations to EU Member States and the European Commission to help them face the challenges linked to tax fraud and financial crime such as money laundering.
The Netherlands Announces Stricter Requirement For International Tax Ruling
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November 27th, 2018
The Dutch Ministry of Finance has announced that from 1 July 2019, stricter requirements will be put in place for the issuance of advance tax rulings with an international character. The proposal aims to prevent the Netherlands from being used as a conduit to tax havens where a company with undesired international structures (e.
Money Laundering In EU Banks - In The Spotlight Of Special Tax Committee
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November 22nd, 2018
In light of the recent serious allegations of money laundering involving some EU financial institutions, particularly Danske Bank and ING Groep, the TAX3 Committee has decided to hold a hearing on money laundering in banks on 21 November 2018 with a view to improving the financial supervisory system.
Money Laundering Scandal in EU Banks .

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