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…
On 12 December 2022, EU member states finally reached an agreement to implement the minimum taxation component at the EU level, known as OECD Pillar Two. The ambassadors of EU member states decided to advise th…
The EU has announced initiatives in the field of tax policy planned for the end of 2021 and beyond. Here is a short summary.
The EUROMED Community aims to promote economic integration across EU states, their neighbours, North Africa as well as Middle Eastern countries. With effect from September, the “transitional rules of origin” ha…