Germany has tightened the rules on transfer pricing documentation. The United Kingdom is about to implement the OECD model rules on mandatory disclosure while the European Commission intends to introduce an inf…
Amendments to the draft EU Directive on the minimum requirements for the economic substance of entities (undertakings) established in the EU (the “Directive”), which were approved by the European Parliament in …
The Carbon Border Adjustment Mechanism (CBAM) is the European Union’s instrument for setting a fair price for the carbon released in the production of goods imported into the EU while promoting cleaner industri…
As we have informed you in the past, some countries within the EUROMED region (Europe and the Mediterranean region), which allow each other zero-duty trade on the basis of preferential origin, are adopting more…
On 4 October 2022, the EU Council decided within a regular ECOFIN meeting to add Anguilla, The Bahamas and the Turks and Caicos Islands to the EU list of non-cooperative jurisdictions for tax purposes. With the…
At the end of April 2022, the European Commission announced an ambitious plan to digitalise the process of Schengen visa applications. The main change consists in the fact that the entire application process, t…
On 22 February 2022, the OECD published the comments on a consultation document regarding the draft model rules for nexus and revenue sourcing under Pillar One “Amount A”. The public comments shall assist an in…
This year, the European Union allows for small and medium-sized enterprises to receive an Intellectual Property Rights allowance. The MSP Ideas Powered for Business grant programme will distribute up to €16 mil…
On 22 December 2021, The European Commission published a proposal for a new directive laying down rules to prevent the misuse of so called “shell” entities (empty shells without economic substance) for tax purp…