The Recovery Package in the context of tax changes
Following the Government announcement on the Recovery Package, the related amendment to the tax regulations was published. Below we summarise a selection of the most important changes in this area.
In 2020, substantial parts of regulations defining the provision of public support shall become ineffective.
These regulations contribute to a faster and simpler application of rules for providing public support by individual EU member states. Nevertheless, the European Commission shall extend the effectiveness of those regulations by two years. Simultaneously, the assessment of those regulations will commence in the form of “fitness check”, facilitating the European Commission’s decision as to requiring further updates of those rules. The extension primarily relates to the General Block Exemption Regulation (GBER), the De Minimis Regulation and Guidance on State Aid for 2014-2020.
The article is part of dReport – January 2019, Tax news; Grants and investment Incentives.
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