On 20 April 2017, the EU Council published specific provisions for evaluating the impact on national tax revenues of the proposed directive on a Common Corporate Tax Base (CCTB).
The key provisions of the CCTB proposal which will be observed are: whether or not the scope of EUR 750 million is maintained (Article 2), whether a qualifying subsidiary should have a right to exercise more than 50 % of the voting rights (Article 3), certain definition in Article 4, elements of the tax base in Article 7, the revenues which are exempted from the taxation (Article 8), the items which are considered as tax deductible/non-deductible (Articles 10 a 12) and the assets which may be depreciated individually (Article 33). The evaluation of the observation will take place throughout 2018 by member states with technical assistance from the European Commission services.
The article is part of dReport – June 2018, Tax news; Grants and investment Incentives
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