OECD announces new signatories to the Multilateral Competent Authority Agreement. The DAC 7 Directive is being implemented into the domestic law of several countries. You can find more detailed information on t…
The OECD publishes a new report regarding automatic exchange of information. Cypriot and US amendments to the tax legislation soon to come into force. You can find more detailed information on these issues and …
On 13 October 2022, the EU Commission launched a public consultation on the Business in Europe: Framework for Income Taxation (BEFIT) in accordance with which the Commission aims to propose a directive by the t…
As the year draws to a close, we bring you an update on double taxation treaties. From 1 January 2023, the provisions of the new treaties with San Marino, Qatar, and Senegal will be implemented.
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…
The OECD publishes progress reports on BEPS, as well as several pieces of guidance aimed at the further improvement of global tax transparency. Luxembourg and Spain introduced temporary VAT reduction. Greece in…
The OECD makes significant progress on Pillar One. EU member states aim for consensus in relation to Pillar Two. The US introduces a massive tax-and-spending plan. You can find more detailed information on thes…
During a 17 June 2022 vote at a meeting of EU finance ministers (ECOFIN), Hungary surprisingly exercised its veto on EU draft implementation of Pillar Two of the 2021 global tax agreement through the OECD, whic…
The OECD continues to address the tax challenges arising from the interconnected digital world. Germany issues a decree on the income tax treatment of virtual currencies, while Sweden reconsiders its position o…