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Tax News Flash - Europe 2018

Tax News Flash - Europe 2018

Tax News Flash - Europe 2018

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2018 Articles

December 2018

21 Dec - Gibraltar: Anti-tax avoidance measures concerning interest limitation, CFCs, hybrid mismatches

21 Dec - Gibraltar: Corporate tax exemption regime for interest and royalties, EC state aid investigation

21 Dec - Serbia: Tax law measures enacted for 2019

20 Dec - France: Revenue from tax proposals to finance new social measures

20 Dec - Italy: Proposal for “web tax” on electronically supplied services

20 Dec - Netherlands: Consultation on directive for disclosure of cross-border tax arrangements

19 Dec - Czech Republic: Changes to VAT law proposed for 2019

19 Dec - Czech Republic: Reminder of deadline to register beneficial owners

19 Dec - Luxembourg: Refund claims for withholding tax on dividends, new opportunity

19 Dec - Luxembourg: Updates on ATAD 1, interest limitation, MLI and tax treaty

18 Dec - Netherlands: Costs related to acquisition or disposal of participations (Dutch Supreme Court judgment)

18 Dec - Poland: VAT and commercial real estate transactions

12 Dec  - UK: Tax proposals in Scottish government budget for 2019/20

12 Dec - Ireland: VAT provisions in Finance Bill

12 Dec - Malta: Anti-tax avoidance measures concerning interest limitation, exit tax, CFCs 

13 Dec - Serbia: Law regulating, unifying fees and charges for use of public resources

11 Dec - France: Expanded anti-tax fraud procedures and CFC rules

11 Dec - Austria: CFC tax rules addressed in draft regulation

10 Dec - Serbia: Tax legislative changes include rules for assessments when no return is filed

10 Dec - Netherlands: Annual adjustment, salary of “highly skilled migrant workers”

7 Dec - Luxembourg: Updates on ATAD 1 transposition, tax treaty with France ratification; future tax under political coalition agreement

7 Dec - Netherlands: VAT exemption available, individuals’ investment management for pooled funds

7 Dec - UK: Change in functional currency, intra-group reorganisation resulting in foreign exchange losses

7 Dec - UK: VAT and excise tax guidance intended to help businesses prepare for a “no deal” Brexit

6 Dec - UK: Court decision could affect pension obligations

6 Dec - EU: Update on status of mandatory disclosure requirements

5 Dec - Bulgaria: Interest deduction limitation rule, taxation of CFC profits

5 Dec - Bulgaria: VAT changes relating to vouchers, VAT deferral, online sales

4 Dec - EU: Proposal to limit scope of digital services tax considered by ECOFIN

November 2018

30 Nov - EU: "Code of Conduct" report on harmful tax practices, preferential tax regimes, "blacklist"

30 Nov - Poland: Mandatory disclosure rules, cross-border tax planning arrangements

30 Nov - UK: Impact of Brexit on business

30 Nov - UK: Status update, tax measures as Finance Bill moves through Parliament

28 Nov - Luxembourg: Expanded scope, occupational pension scheme for self-employed workers

28 Nov - Switzerland: Changes concerning treatment of principal companies, finance branches

26 Nov - France: ATAD and possible loosening of new interest limitation

26 Nov - Netherlands: Updated, stricter requirements for tax rulings with international character

26 Nov - Netherlands: VAT “zero rate” seagoing vessels, changes in 2019

23 Nov - Croatia: Tax legislative changes for corporate and individual income taxes, VAT and indirect taxes

23 Nov - Hungary: Tax legislative changes concerning corporate and individual taxpayers, VAT

23 Nov - UK: Businesses may be required to report ethnicity “pay gap”

23 Nov - UK: HMRC updates “no deal” guidance; practical considerations for businesses

23 Nov - UK: “Off-payroll” rules extend to private sector (April 2020); current action steps

23 Nov - UK: Updated “profit fragmentation” rules affecting UK business (Finance Bill)

22 Nov - France: Withholding tax on dividends from French companies to non-resident loss-making companies (CJEU judgment)

21 Nov - Poland: Income tax legislation enacted

16 Nov - Netherlands: Update on 2019 Tax Plan package and ATAD1 bill

16 Nov - Spain: Draft bill for financial transactions tax

16 Nov - UK: Status of Finance Bill 2018-19, related consultations

15 Nov - Germany: VAT treatment of consignment stock, deadline extended through 2019

14 Nov - Czech Republic: High court decision, interpreting tax treaty provisions

14 Nov - Czech Republic: Provisions similar to income tax treaty with Taiwan

14 Nov - Ireland: Consultation on cross-border hybrid mismatches, interest limitation

14 Nov - Switzerland: Corporate tax rate reduction, other measures proposed for Geneva

13 Nov - Italy: Withholding tax on interest, Swiss bank’s loan to individual

12 Nov - Denmark: Purpose of sale of shares may limit VAT refund (CJEU judgment)

9 Nov - UK: Finance Bill 2018-19, tax provisions and related consultations

9 Nov - Italy: Tax ruling clarifies research and development (R&D) tax credit

8 Nov - Italy: VAT grouping regime, clarifying guidance from tax authority

8 Nov - Portugal: Tax relief for repatriating individuals

8 Nov - Netherlands: Update on “emergency repair of fiscal unity” bill

6 Nov - Poland: New withholding tax rules pending enactment; cash flow implications

6 Nov - EU: Update on digital services tax; ECOFIN negotiations for sunset clause and limited scope 

6 Nov - EU: Revised “blacklist” of non-cooperative jurisdictions; Namibia removed from list

2 Nov - EU: Update of tax developments, CJEU judgments with potential domestic and cross-border implications 

2 Nov - Malta: Tax treatment of transactions related to “digital ledger technology”

1 Nov - Netherlands: Hybrid mismatches, update on bill for implementing ATAD2

1 Nov - Norway: Budget 2019—reduced corporate tax rate, amended earnings stripping rules

October 2018

31 Oct - France: Withholding tax on wages, new rules effective 2019

31 Oct - Italy: Tax amnesty, penalty and interest relief

31 Oct - Italy: Tax-exemption requirements, proceeds from real estate investment funds

31 Oct - Serbia: Deductible expenditures for cultural investments, including movies and software

30 Oct - Netherlands: Tax plan update, “emergency repair” of fiscal unity rule

29 Oct - Northern Ireland: Overview of key announcements in UK Autumn Budget 2018

29 Oct - UK: Digital services tax, corporate intangibles de-grouping, rules on goodwill in Autumn Budget 2018

29 Oct - UK: Releases about tax measures in Autumn Budget 2018

29 Oct - UK: Autumn Budget 2018, “on a page” summary

26 Oct - Ireland: Pension update, auto-enrolment and tax implications

25 Oct - Italy: VAT measures concerning format, recording of invoices

25 Oct - Serbia: Amendments to Central European Free Trade Agreement (CEFTA)

23 Oct - Malta: Tax provisions in 2019 budget

22 Oct - UK: Partial VAT recovery, costs related to hire-purchase agreements (CJEU judgment)

19 Oct - Netherlands: Dutch Supreme Court follows CJEU in “per element” approach

19 Oct - Austria: Tax internal control system requirements; other recent developments

18 Oct - EU: VAT and the digital economy; certain measures effective 1 January 2019

18 Oct - France: VAT and software and cash desk systems conformity, update

18 Oct - Germany: Referral to CJEU, VAT liability of EU subsidies

18 Oct - Ireland: VAT recovery also permissible for unsuccessful acquisition (CJEU judgment)

18 Oct - Italy: Tax rulings, court decision address tax issues in M&As

18 Oct - UK: Potential tax items for Autumn Budget 2018, set for 29 October

16 Oct - Netherlands: Corporate tax measures proposed to improve business environment

16 Oct - EU: Update of tax developments, CJEU judgments with potential domestic and cross-border implications

15 Oct - Switzerland: VAT changes for imports of low-value goods, effective 2019

12 Oct - Ireland: Measures in budget 2019 affecting farmers

12 Oct - Serbia: Property tax, determining the tax base for real estate

10 Oct - EU: Transition measures, short-term adjustments for new “definitive” VAT system

10 Oct - EU: VAT rate on e-books, “quick fixes” and reverse-charge mechanism

9 Oct - Ireland: Tax provisions in budget 2019

9 Oct - Norway: State budget 2019, proposals under petroleum tax regime

5 Oct - EU: Rules to harmonize VAT treatment of vouchers across EU Member States, effective 2019

5 Oct - UK: Disclosed tax arrangement, deduction claimed for debit arising from partial derecognition of financial assets relating to derivative contracts

4 Oct - Finland: Proposed amendments, interest deduction limitation rules

4 Oct - France: Compatibility with EU law, refunds of tax paid by French companies receiving dividends from non-resident subsidiaries (CJEU judgment)

4 Oct - France: VAT cross-border pro rata, costs incurred by fixed establishment (CJEU Advocate General opinion)

3 Oct - Belgium: Optional VAT regime for business-related real estate rentals, effective 1 January 2019

3 Oct - Netherlands: VAT cost-sharing exemption continues for financial services sector

2 Oct - Switzerland: Update on tax reform legislation

2 Oct - Italy: Bill to transpose EU anti-tax avoidance directives into Italian law

2 Oct - Estonia: VAT changes for transfers of land, effective October 2018

2 Oct - EU: “Blacklist” of non-cooperative jurisdictions revised, only six jurisdictions

1 Oct - EU: Summary of tax developments involving EC, CJEU, local laws and regulations (September 2018)

September 2018

28 Sep - France: Draft budget for 2019 unveiled, includes tax proposals

28 Sep - UK: Autumn Budget 2018 confirmed for 29 October

26 Sep - Netherlands: Tax treaty policy, designation of low-taxed states for consultation

25 Sep - Bulgaria: Administrative procedural changes effective 2019

21 Sep - EU: Implementation of VAT action plan in January 2019

21 Sep - Sweden: Effective date postponed, tax rules relating to temporary employment

21 Sep - UK: Tax considerations for asset managers after “Brexit”

21 Sep - UK: VAT implications for businesses affected by “making tax digital” measures in April 2019

20 Sep - Germany: Participation exemption regime for dividends originating in third countries is contrary to EU law (CJEU judgment)

20 Sep - Netherlands: Tax plan 2019 presented on “Budget Day”

20 Sep - Netherlands: Payroll tax changes proposed in 2019 tax plan

19 Sep - Belgium: Parliament approves deduction for innovation income

19 Sep - Luxembourg: Non-taxation of U.S. multinational corporation not illegal state aid (EC investigation)

18 Sep - Belgium: Register for “ultimate beneficial owners”

17 Sep - Czech Republic: Documentation of services received for tax deduction purposes

17 Sep - Czech Republic: New income tax treaty with Korea

17 Sep - EU: Infringement procedures and referrals to CJEU, other tax developments

14 Sep - Turkey: Limits on use of foreign currency by residents

14 Sep - UK: Date of Autumn Budget 2018 not yet announced; preparations are underway

13 Sep - Belgium: Notional interest deduction rate for assessment year 2020—0.726%

13 Sep - Ireland: Request for comments, proposed controlled foreign company (CFC) regime 

11 Sep - EU: ECOFIN considers proposals for digital services tax

11 Sep - Netherlands: VAT recovery, professional expenses for sale of a participation (CJEU Advocate General opinion in Danish case)

11 Sep - Poland: Intellectual property (IP) box, proposal for preferential tax regime

11 Sep - Poland: Proposal for “exit tax”

11 Sep - Poland: Proposals for amending corporate income tax law

11 Sep - Poland: Proposals for taxation of cryptocurrency transactions

11 Sep - Sweden: Proposed changes to CFC rules

10 Sep - Germany: Court’s revised position, invoice requirement for input VAT deduction

6 Sep - Italy: Tax measures enacted under “dignity decree” legislation

6 Sep - France: Possible corporate tax changes expected in Finance Bill, 2019

5 Sep - Ireland: Department of Finance's “roadmap” on future of Irish corporation tax regime

5 Sep - OECD: Report on tax reforms reflects lower corporate tax rates

4 Sep - France: VAT collection updated guidelines, software and cash desk systems

August 2018

29 Aug - Isle of Man: Substance requirements for certain tax resident companies

29 Aug - Romania: Overview of tax system

24 Aug - Luxembourg: Tax treatment of income from virtual currency transactions

22 Aug - Serbia: Amended rules for employing foreigners, foreign temporary work assignments

21 Aug - Czech Republic: Burden of proof, VAT exemption on cross-border supplies (Supreme Administrative Court decision)

21 Aug - Czech Republic: Proposed rules for corporate representatives, transparency measures

21 Aug - Czech Republic: VAT amendments effective 2019; pending questions and issues

17 Aug - UK: Regulatory system in the event of “no deal” Brexit

17 Aug - EU: Summary of CJEU actions, EC infringement proceedings (August 2018)

16 Aug - Sweden: Proposal regarding taxation of temporary work

13 Aug - Austria: Court decisions on tax groups, loss recognition, VAT

10 Aug - Poland: Draft measures on taxpayer rights, tax collection efforts

10 Aug - UK: Tribunal decision, capital allowances and meaning of "plant"

10 Aug - UK: Deadline for individual taxpayers to review, correct offshore issues is 30 September 2018

8 Aug - France: Withholding tax on dividends paid to non-resident loss-making companies, not compatible with EU law (CJEU Advocate General opinion)

7 Aug - Belgium: Relief from certain penalties under new VAT penalty policy

7 Aug - Cyprus: Tax law changes concerning capital gains, carried interest, funds

3 Aug - UK: HMRC report on transfer pricing and diverted profits tax (DPT) statistics for 2017-2018

3 Aug - UK: “Bridging software” for preparing VAT returns by April 2019 deadline

3 Aug - UK: Proposal for register of beneficial owners of overseas entities owning UK land

2 Aug - Greece: Changes to income tax, VAT, real estate tax laws

2 Aug - Ireland: VAT treatment of services in connection with immovable property

July 2018

30 Jul - Italy: Measures concerning tax benefits provided relocating entities, bonus depreciation, R&D tax credit

27 Jul - Luxembourg: VAT group regime, effective 1 August 2018

27 Jul - UK: Tax on overseas portfolio dividends and compound interest (Supreme Court case on CFC and dividends)

26 Jul - Serbia: Income tax, social security obligations for unpaid corporate directors

25 Jul - Spain: Tax lease system, maritime shipping (CJEU judgment)

24 Jul - EU: Update of EU tax developments, domestic and cross-border implications; summaries of CJEU judgments and implications for taxpayers

20 Jul - UK: Tax implications of government’s “Brexit” white paper

20 Jul - UK: HMRC guidance; VAT digital records and returns using functional compatible software

20 Jul - UK: Tribunal decision; meaning of “loan relationship” when amounts advanced to company in which lender had 50% ownership interest

20 Jul - UK: Executive remuneration in new Corporate Governance Code

19 Jul - Romania: Reduced VAT rate for water and sewer services, agricultural irrigation

19 Jul - Serbia: VAT amendments, customs duties on imported equipment

18 Jul - Germany: VAT changes proposed in annual tax legislation

17 Jul - Germany: VAT liability proposed for online marketplaces

16 Jul - Malta: Flat 15% tax on employment income for individuals operating in maritime, offshore oil and gas industries

13 Jul - Netherlands: Unemployment contributions, sector classification changes

13 Jul - Poland: “Exit tax” when business is transferred to another country

13 Jul - UK: Measures included in draft Finance Bill 2018/19

13 Jul - UK: Proposed amendments to corporate interest reduction (CIR) rules would extend deadline for “reporting company” designation

13 Jul - UK: Proposed anti-avoidance legislation, business diverting profits to overseas territories

12 Jul - Czech Republic: Changes to taxation of listed investment funds

12 Jul - Czech Republic: Proposed VAT amendments for 2019

11 Jul - Luxembourg: Bill to ratify multilateral instrument (MLI) into domestic law

9 Jul - Malta: Tax credit for certain quarry permit holders accepting construction waste, demolition materials

6 Jul - Italy: Review of R&D tax credit

6 Jul - UK: HMRC international manual, updated controlled foreign companies section and finance company exemptions

5 Jul - Denmark: Losses from permanent establishment with non-Danish head office (CJEU judgment)  

3 Jul - Italy: Guidance clarifying mandatory “e-invoicing” and rules for VAT-registered persons

June 2018

29 Jun - Germany: Tax loss carryforward allowed companies in financial difficulties (CJEU judgment holds not state aid)

29 Jun - UK: Certain loans made to employees and outstanding 5 April 2019 are subject to PAYE, NIC, other levies

29 Jun - UK: Tax-advantaged share plans registration required by 6 July 2018, employment-related securities

29 Jun - Italy: Mandatory e-invoice delayed to 2019, business-to-business fuel supplies

29 Jun - Luxembourg: Guidance concerning input VAT deduction for “partial taxpayers”

29 Jun - Netherlands: Severance package vs. taxation of early retirement scheme (RVU)

28 Jun - France: Basis for local taxation (CVAE) includes transfer pricing re-assessments

28 Jun - Hungary: Proposed legislative changes, corporate and individual income tax

28 Jun - OECD: Database of comparable tax revenue data

27 Jun - EU: ECOFIN adopts conclusions of Code of Conduct Group’s activities, first half 2018

26 Jun - Switzerland: Pension funds may unnecessarily be paying VAT

25 Jun - EU: Certain annual VAT recovery rate adjustments for 2017 due by 23 July 2018

25 Jun - Germany: Input VAT deduction, court decision on timing of supply

25 Jun - Ireland: AEO may mitigate customs clearance and tariff requirements as “Brexit” process continues

25 Jun - Poland: VAT “split payment” mechanism effective 1 July 2018

25 Jun - Serbia: New procedures, rules added to law governing companies

22 Jun - UK: Company must withhold tax on interest paid to non-resident entity (Court of Appeal)

22 Jun - UK: Waiver of loans to directors of “close” companies taxed as earnings

22 Jun - Denmark: Withholding tax on dividends paid to foreign investment funds (CJEU judgment)

22 Jun - EU: Reminder, extra customs duties U.S. imports beginning 22 June; UK publishes list of U.S. products

22 Jun - EU: France and Germany agree on common position paper, CCCTB

22 Jun - EU: New measures to address VAT fraud

21 Jun - Belgium: Reminder of corporate tax return, estimated payment due dates

21 Jun - Serbia: “Ultimate beneficial owners” measures are enacted

21 Jun - Luxembourg: Bill for transposing EU Anti-Tax Avoidance Directive (ATAD 1) into domestic tax law

20 Jun - Luxembourg: EC finds illegal tax benefits granted in tax rulings

20 Jun - EU: Additional customs duty, reaction to U.S. steel, aluminum tariffs

20 Jun - Ireland: Updated guidance clarifies operation of “pay as you earn” (PAYE) tax for short-term business visitors

18 Jun - Austria: Draft bill, transposing Anti-Tax Avoidance Directive (ATAD) into law

18 Jun - Luxembourg: First steps in process to transpose EU Anti-Tax Avoidance Directive (ATAD 1), to ratify multilateral instrument (MLI)

18 Jun - OECD: Developing countries, mining investors and tax incentives

18 Jun - Sweden: Update on interest deduction, corporate tax rate reduction legislation

15 Jun - UK: Draft Finance bill to be published before the Autumn Budget

15 Jun - UK: Liability for stamp duty land tax (SDLT) despite claims of alternative financing arrangements

14 Jun - Netherlands: Standard securitization transactions, advance tax rulings no longer available

14 Jun - Switzerland: Update on status of corporate tax reform proposals

13 Jun - Denmark: Deductibility of losses from certain foreign permanent establishments (CJEU judgment)

13 Jun - EU: “Taxation trends” report for 2018

12 Jun - Czech Republic: Amendments to VAT law expected to advance

12 Jun - Czech Republic: Proposal to require reporting of income transferred abroad, 2019 tax package

12 Jun - Czech Republic: Proposals to limit interest deductions, revise CFC rules

11 Jun - Bulgaria: “Tax card” for 2018, quick reference tax guide

11 Jun - Germany: Controlled foreign corporation (CFC) rules, interaction with “Standstill Clause” (CJEU Advocate General opinion)

11 Jun - UK: Certain VAT-registered businesses must maintain digital records, effective April 2019

8 Jun - EU: Customs program to foster cooperation among customs authorities

8 Jun - Netherlands: Bill to amend fiscal unity regime, corporate income tax

8 Jun - Sweden: Gambling tax measure enacted

5 Jun - EU: New mandatory disclosure requirements for intermediaries and taxpayers, effective 25 June 2018

5 Jun - Ireland: VAT updates (June 2018)

1 Jun - Serbia: Measures to encourage investments

May 2018

31 May - UK: HMRC confirms tax treatment of enterprise management incentive (EMI) options

28 May - Malta: New rules for VAT grouping

25 May - UK: Consultation on off-payroll working in private sector

25 May - UK: Deadline is 30 June 2018, for group to appoint reporting company for corporate interest restriction (CIR) purposes

25 May - EU: Bahamas, Saint Kitts and Nevis removed from EU “blacklist”

25 May - EU: Proposal for new single VAT system

25 May - EU: Proposed changes to excise tax on alcohol

25 May - EU: Update on mandatory disclosure requirements for intermediaries, taxpayers (effective June 2018)

24 May - Czech Republic: Proposed VAT rate reduction, certain goods and services

24 May - Czech Republic: Taxpayer compliance with R&D administrative formalities is required

24 May - Germany: Input VAT deduction following an audit

24 May - Turkey: Tax amnesty for repatriation of capital, certain receivables

23 May - Austria: “Ultimate beneficial owner” registration, deadline 1 June 2018

22 May - Bulgaria: Electronic documentation rules for employee files

22 May - Serbia: Legislation revising control of foreign currency transactions

21 May - Italy: Administrative guidance, court cases clarifying definition of permanent establishment

21 May - Turkey: General tax amnesty also applies for customs duties

18 May - Czech Republic: Activities give rise to “dependent agent” permanent establishment

18 May - EU: Outlook for digital tax proposals

18 May - UK: Consultation, short-term business visitors from overseas branches

18 May - UK: Upper tribunal decision in test case, withholding tax refunds on “manufactured overseas dividends”

16 May - Netherlands: Update on earnings stripping, ATAD1, fiscal unity proposals

15 May - EU: Special VAT regime for tax agents; possibilities for reform

15 May - UK: Tax competitiveness, survey results

11 May - UK: Companies, individuals have until 30 September 2018 to address offshore non-compliance

11 May - UK: Consultation on addressing misuse of limited partnerships

10 May - Poland: Limited tax deductibility of certain intangible service fees, royalties

9 May - Luxembourg: Transactions involving “non-cooperative jurisdictions” (EU "blacklist"); increased tax audit risk, reporting and documentation

9 May - Serbia: Tax procedure measures enacted in new tax law

9 May - Serbia: VAT legislative changes effective July 2018

7 May - Ireland: Is VAT on share acquisitions deductible? (CJEU Advocate General opinion)

4 May - EU: Directive (DAC 6) requiring disclosure of cross-border arrangements; publication expected May or June 2018

4 May - Netherlands: VAT applies to loan under hire-purchase agreement (CJEU Advocate General’s opinion)

4 May - UK: Implications of court decision on UK mergers

4 May - UK: Update on HMRC “Making Tax Digital” program

2 May - Turkey: VAT registration, business-to-customer (B2C) sales of “e-services”

April 2018

30 Apr - Cyprus: Tax card for 2018

27 Apr - UK: Court of Appeal, late claim for refund of overpaid tax denied

26 Apr - EU: European Commission proposes new rules on protection of whistleblowers

26 Apr - Slovakia: Tax treatment of virtual currencies

26 Apr - Spain: Regional taxes on large retail establishments compatible with EU law (CJEU judgment)

25 Apr - EU: New company law rules proposed; easier to merge, divide or move within EU

25 Apr - France: Anti-avoidance tax provision (“Charasse amendement”) held constitutional

25 Apr - Netherlands: “Ultimate beneficial owner” register implementation is postponed

25 Apr - Sweden: Final bill regarding the re-regulation of gambling market

24 Apr - Ireland: EC approves Ireland’s sugar-sweetened drinks tax

24 Apr - Italy: Income tax treaties with Barbados and Panama

23 Apr - Malta: New tax measures enacted, including provisions for reduced PE threshold, notional interest deduction computation, other items 

23 Apr - Netherlands: “30% ruling” shortened to five years, effective 1 January 2019

23 Apr - EU: New trade agreement with Mexico

20 Apr - EU: VAT on telecommunications, broadcasting, and electronic services

20 Apr - UK: Employment related-trusts must correct by 30 September 2018

20 Apr - UK: Reminder of tax changes affecting individuals for 2018-2019

20 Apr - UK: Tribunal decision, permanent establishments trading as partnerships ineligible for amortisation of assets

19 Apr - Czech Republic: Brokerage fee held not deductible, burden of proof not satisfied

19 Apr - Czech Republic: Electronic reporting of sales and VAT proposals

18 Apr - Germany: VAT treatment of bitcoin, virtual currencies and transactions

17 Apr - Sweden: Interest limitation rules expected for corporate sector

16 Apr - EU: Summaries of CJEU judgments, state aid proceedings, rulings from EC and other institutions

16 Apr - Finland: Insurance premium tax; question on location of risk posed to CJEU

16 Apr -  Luxembourg: Proposed VAT group regime, would be effective 31 July 2018

16 Apr - Netherlands: Draft decree to implement “ultimate beneficial owner” rules

13 Apr - Italy: Input VAT on fuel purchases; VAT grouping rule decree

13 Apr - UK: HMRC letters to businesses about CIR, hybrid mismatches, loss reform measures affecting their tax positions

13 Apr - UK: Proposals on profit fragmentation, addressing avoidance arrangements

13 Apr - UK: Upper Tribunal decision, payments made to acquire partnership interests held “trading in nature”

12 Apr - Austria: Proposed administrative tax law changes, “horizontal monitoring” and advance rulings

12 Apr - Ireland: Modernisation of PAYE reporting, effective 1 January 2019

12 Apr - Slovakia: Tax on sold or unused greenhouse gas emissions (CJEU judgment)

11 Apr - Austria: Ministerial draft to introduce CFC rules

11 Apr - Sweden: Proposals to regulate gaming industry include tax measures

9 Apr - Malta: Tonnage tax regime, update

6 Apr - France: Software and cash-desk conformity measures, VAT collection and reporting

6 Apr - Belgium: Social security rules for cross-border workers

6 Apr - Portugal: EC approves tonnage tax regime

6 Apr - UK: Changes to tax treatment of certain termination payments, effective 6 April 2018

6 Apr - UK: Possible application of proposed extension of offshore time limits to corporations, not just individuals

6 Apr - UK: Reminder of filing deadline for employment-related securities annual returns, due 6 July 2018

6 Apr - UK: Tonnage tax “flagging rules” lifted for FY 2018

5 Apr - UK: Update on Brexit negotiations; tax and customs implications

4 Apr - EU: Proposals to allow EU Member States to apply reduced VAT rates; summary of VAT-related developments

4 Apr - Luxembourg: Ratification of BEPS multilateral instrument expected in 2018

3 Apr - Italy: Overview of tax system

2 Apr - Lithuania: Interest on refunds of VAT overpayments

2 Apr - Slovakia: Tax calendar for April 2018, certain key dates

March 2018

29 Mar - Malta: Reduced rate of tax (duty) extended through September 2018, transfers of family businesses

29 Mar - Netherlands: Evaluation of work-related costs, reimbursements

27 Mar - Belgium: Optional VAT regime for leases of real estate used for business purposes (generally effective 1 October 2018)

27 Mar - Bulgaria: New definition of “beneficial owner” and disclosure requirements

27 Mar - Malta: Update on notional interest deduction

23 Mar - Netherlands: VAT exemption not applicable on instruction to transfer money (CJEU Advocate General opinion)

23 Mar - UK: HMRC response to consultation on risk review process for large businesses

23 Mar - UK: Taxpayer group’s claimed deduction for reduction in fair value of shareholding in group company, asserted to represent a loan relationship

23 Mar - Belgium: Corporate income tax reform, changes to prepayments

23 Mar - France: Compatibility of French tax deferral rules of capital gains with EU Merger Directive (CJEU judgment)

23 Mar - Luxembourg: New intellectual property tax regime is effective 1 January 2018

23 Mar - OECD: Multilateral BEPS convention (MLI) entry into force 1 July 2018 (Slovenia, Austria, Isle of Man, Jersey, Poland)

23 Mar - Sweden: Proposals for interest deduction limitation rules, and proposed corporate tax rate reduction

22 Mar - Switzerland: Update on Tax Proposal 17; Federal Council action

22 Mar - EU: Guidelines from European Commission, avoid channeling EU funds through non-cooperative tax jurisdictions (EU “blacklist”)

22 Mar - Germany: VAT on outsourced banking services, referral to CJEU

22 Mar - OECD: Additional guidance on attribution of profits to permanent establishments (BEPS Action 7)

22 Mar - Russia: New VAT rules for e-services, effective 2019

21 Mar - Luxembourg: New income tax treaty signed with France

21 Mar - EU: Proposals for taxation of digital businesses

21 Mar - Serbia: VAT refunds are available, 30 June 2018 

21 Mar - Spain: Electronic reporting system for VAT

20 Mar - Ireland: Employee share incentives; considerations for offering tax savings to employees

19 Mar - Austria: Tax treatment of “contributions in kind” and of losses

16 Mar - Romania: VAT payable-related accounts, domestic transactions and imports

16 Mar - UK: Descriptions of tax consultations in Spring Statement

16 Mar - UK: Finance Bill 2018 received Royal Assent, and enacted as Finance Act 2018

15 Mar - Czech Republic: Burden of proof when VAT fraud asserted

15 Mar - Czech Republic: Liability of supply recipient for unpaid VAT

15 Mar - Czech Republic: Retroactive application of exemption of withholding tax for interest, royalties

15 Mar - Montenegro: VAT refund requests for 2017 due by end of June 2018

14 Mar - Sweden: Changes to “chemical tax” being considered

13 Mar - UK: No new tax measures introduced in Spring Statement; consultations include taxation of digital economy

13 Mar - EU: Changes to list of “non-cooperative jurisdictions” in tax matters (“blacklist”)

13 Mar - EU: Disclosure rules, reportable cross-border arrangements by tax advisers

12 Mar - EU: VAT treatment of certain UK commodity markets

9 Mar - UK: Could Spring Statement focus on taxation of the digital economy?

9 Mar - UK: Tribunal refused tax deductions for partnership’s payments, found primarily made for tax arrangements

9 Mar - UK: Tribunal rejected taxpayer’s claim for capital losses, arrangements involving conversion and repurchase of shares

8 Mar - France: Court decision, criteria for finding permanent establishment

8 Mar - EU: Infringement procedures against Cyprus, Greece, Malta; VAT on yachts

6 Mar - EU: Economic operators registration and identification number

5 Mar - EU: Customs electronic systems update

2 Mar - Belgium: Constitutional Court’s decision on the “fairness tax"

2 Mar - Denmark: “Beneficial owner” when back-to-back financing by non-resident parent company (CJEU Advocate General opinion in joined cases)

2 Mar - EU: European Parliament addresses “blacklist” of non-cooperative countries, mandatory disclosure, C(C)CTB

2 Mar - Turkey: Draft law changes for VAT; electronically supplied services

2 Mar - UK: Employee incentive arrangements; de facto loans not “reasonable”

2 Mar - UK: Final guidance on the corporate interest restriction (CIR) regime; how to file certain documents

2 Mar - UK: Leasing tax reform; IFRS 16 approaches and new tax regime

February 2018

27 Feb - Netherlands: Insight into Finance Ministry’s tax plans

27 Feb - San Marino: Overview of tax system

27 Feb - Ireland: New employee share option regime, aimed at SMEs

26 Feb - Ireland: VAT updates

26 Feb - Romania: Electronic filing of environmental fund declarations

23 Feb - Netherlands: Dutch Cabinet responds to CJEU “per element” approach

23 Feb - UK: No tax changes expected at Spring Statement from the Chancellor

23 Feb - UK: Government review of corporate intangible fixed asset regime  

23 Feb - UK: HMRC guidance on end-use relief; imported goods when use or end destination is unknown

22 Feb - Denmark: Deductibility of losses from Danish permanent establishment when head office not Danish tax resident (CJEU Advocate General opinion)

22 Feb - Netherlands: Interest deduction limitations and foreign exchange losses in EU participations (CJEU judgment)

21 Feb - Belgium: Worker’s stand-by time when required to respond to employer’s calls is “working time” (CJEU judgment)

21 Feb - France: Decision expected to address constitutionality of anti-avoidance tax provision

21 Feb - Germany: Anticipated VAT legislation concerning online trading

21 Feb - Isle of Man: Tax provisions in 2018 budget

20 Feb - Czech Republic: Changes in VAT law expected in 2019

20 Feb - Czech Republic: Proposed changes to income tax law for 2019

16 Feb - UK: Deadline for actions under new corporate interest restriction (CIR) regime is 31 March 2018

15 Feb - Austria: Treatment of tax loss carryforwards, change in organizational structure

14 Feb - Netherlands: Delay concerning employment relationships deregulation law

14 Feb - OECD: Better use of energy taxation to address climate change

9 Feb - UK: HMRC guidance, inheritance tax rules for UK residential property of non-domiciles

9 Feb - UK: HMRC interpretation of termination payment rules

8 Feb - Cyprus: VAT regime for tour operators

8 Feb - Germany: Participation exemption, dividends originating in third countries (CJEU Advocate General opinion)

8 Feb - Italy: New tax law measures affecting individuals, including capital gains and dividends taxation

7 Feb - Croatia: Tax measures effective in 2018

7 Feb - Netherlands: Update, definitions of “ultimate beneficial owner”

6 Feb - Sweden: Government’s proposal for new gambling regulations

5 Feb - Cyprus: VAT on support services for ships

2 Feb - Belgium: New tax on securities accounts of individual taxpayers

2 Feb - Switzerland: Update concerning “Tax Proposal 17” 

2 Feb - UK: HMRC guidance, changes to rules for non-doms, offshore trusts, business investment relief

2 Feb - UK: Updated HMRC guidance, hybrid and other mismatch legislation

2 Feb - UK: Tax rates, bands in Scottish draft budget for 2018

1 Feb - Serbia: Individual income tax returns, deadline is 15 May 2018

January 2018

31 Jan - Austria: Claw-back of foreign tax losses, tax group dissolution

31 Jan - Netherlands: Bonus shares not under fixed exemption as work-related costs (Amsterdam Court of Appeals decision)

30 Jan - Finland: Proposed changes to interest deduction limitation rules

26 Jan - Cyprus: Guidance on VAT treatment of holding companies

26 Jan - Turkey: Rules of origin for EU-originated goods, customs duties (effective February 2018)

26 Jan - UK: Court of Appeal decision, redomination of qualifying corporate bonds

26 Jan - UK: Tribunal decision, loan notes received by employees not restricted securities

26 Jan - UK: Tribunal decision, proposed profit apportionment of taxpayer in oil and gas sector

23 Jan - EU: Eight countries removed from EU "blacklist" of non-cooperative jurisdictions

23 Jan - Romania: Salary tax exemption, university students working for software companies

22 Jan - Czech Republic: VAT penalty relief, electronic reporting of sales

22 Jan - Malta: Registers of beneficial owners for trusts, foundations, associations, corporations

19 Jan - Croatia: Tax law changes, effective in 2018

19 Jan - Czech Republic: VAT refund opportunities for real property acquisitions

19 Jan - Italy: New rules, VAT on pharmaceutical “paybacks”

19 Jan - UK Finance Bill 2018 update; Committee Stage completed, Report Stage and Third Reading next

19 Jan - UK: HMRC policy change, penalties for inaccuracies in returns and documents

18 Jan - Bulgaria: Excise tax measures effective beginning 2018

18 Jan - Denmark: Cross-border loss relief rules; deductibility of losses from foreign permanent establishments (CJEU Advocate General opinion)

18 Jan - EU: Proposals for VAT rates, rules to help small businesses with cross-border transactions

18 Jan - Hungary: Online invoicing takes effect 1 July 2018

17 Jan - Belgium: Corporate tax measures effective beginning 2020

17 Jan - EU: Review of CJEU judgments, CJEU Advocate General opinions, infringement procedures and referrals

16 Jan - France: Tax waiver on capital reclassification held “state aid” (General Court of European Union judgment)

16 Jan - Italy: New corporate income tax, regional tax measures enacted

15 Jan - Sweden: New deductible amounts for business, promotional gifts

15 Jan - Poland: EC opens investigation of tax incentive for Polish shipyards

12 Jan - Iceland: Overview of tax system

12 Jan - Macedonia: Calculating and paying advance individual (personal) income tax

12 Jan - UK: Deduction of statutory interest paid to creditors in insolvency proceedings following “Lehman Brothers” (Court of Appeal decision)

10 Jan - Belgium: Corporate income tax reform enacted; implications for deferred taxes

9 Jan - Belgium: Tax consolidation and anti-tax avoidance measures, effective beginning 2019

9 Jan - Kosovo: Customs and excise duties exemptions for certain manufacturers

8 Jan - Cyprus: VAT on leasing of immovable property

5 Jan - France: Corporate, individual tax measures in newly enacted laws

5 Jan - Latvia: VAT applied on construction industry

5 Jan - UK: Draft VAT “making tax digital” regulations, consultation

5 Jan - UK: HMRC overview of groups’ compliance obligations under new corporate interest restriction regime

5 Jan - UK: Upper Tribunal decision, income tax relief allowed, PE’s trading losses against non-PE letting income

4 Jan - Albania: Tax measures effective in 2018

4 Jan - Italy: New VAT measures, effective beginning 2018

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