The EU Council has agreed on a proposal for the FASTER Directive to streamline the procedures for withholding tax relief in EU countries. The OECD published a consolidated commentary on the Second Pillar rules.…
The Greek Parliament passes a law implementing the EU Pillar Two Directive into Greek law. In France, the first quarterly cap on interest rates for 2024 was published. The German Federal Tax Court allowed the t…
The UK has introduced rules against the abuse of the transitional safe harbour measure under Pillar 2. Germany has updated its compliance guidelines for virtual currency transactions, along with guidance on the…
In January, we passed the first deadline for filing the DAC 7 report. Many companies are still figuring out how to create the mandatory XML file, as converting the data is not exactly easy. The tax administrati…
The Supreme Administrative Court of the Czech Republic recently ruled on the tax assessment of a payment for leasing an unequipped aircraft to a non-resident. Italy and Switzerland have enacted specific regulat…
At the end of last year, a new Act on Top-Up Taxes for large multinational groups and large domestic groups was published in the Collection of Laws, which introduces the global OECD rules, also known as Pillar …
We have stepped into the new year and with it approaches the deadline for the first report under the reporting obligation for digital platform operators. The deadline is 31 January 2024. If you are a platform t…
On 8 November 2023, the amendments to IAS 12 Income Taxes titled International Tax Reform – Pillar Two Model Rules were endorsed by the European Commission for use in the European Union. The EU effective date i…
On 27 October 2023, the Chamber of Deputies approved the draft of the new Czech Top-Up Taxes Act (Parliamentary Document No. 515) in its third reading. Some minor legislative and technical changes were made to …