1. European Commission proposes modernising VAT rules to support e-commerce and online business in the EU On 1 December 2016 the European Commission published a series of measures aimed at improving the operation of VAT rules for online business in the EU. It is hoped that the new rules will simplify VAT Compliance, particularly for […]

1. European Commission hosts joint conference with IMF to coincide with publication of new report on the performance of EU Member States’ tax systemsThe European Commission published a new report examining how tax systems of the Member States are performing against the taxation priorities of efficiency and fairness. The report is predicated on the notion […]

OECD multilateral convention to amend more than 2000 tax treaties  The OECD announced that on 24 November 2016, the members of the ad hoc Group on the Multilateral Instrument implementing BEPS measures concluded the negotiations on the text of the Multilateral Convention.  More than 100 jurisdictions signed the multilateral instrument, including most European countries, the United States, […]

1. European Commission opens public consultation on introducing effective disincentives for tax advisors involved in tax evasion and tax avoidanceEuropean Commission published on 10 November 2016 a public consultation on the initiative to introduce effective disincentives for tax advisors and intermediaries for potentially aggressive tax planning schemes.According to the European Commission, the consultation aims to […]

7 November 20161. Leading U.K. tax and accountancy bodies introduce updated national codes of conduct for tax advisers aimed at discouraging of avoidance schemes.The seven leading UK accountancy and tax professional bodies have published updated guidance on the standards expected of tax advisers and agents. The updated Professional Conduct in Relation to Tax (PCRT) guidance […]

Adunarea Generală a CFE a ales un nou consiliu executiv și pe Piergiorgio Valente în calitate de Președinte. Pe data de 23 septembrie 2016, Adunarea Generală a CFE l-a ales pe Piergiorgio Valente (Italia), în calitate de nou Președinte al CFE pentru un mandat de doi ani, începând de la 1 ianuarie 2017. Acesta va […]

1. EU Finance Ministers settle on pilot project for the automatic exchange of information on ultimate beneficial owners Ministers at the informal ECOFIN Council on 22 April 2016 agreed to enter into a pilot project for the automatic exchange of information on ultimate beneficial owners as a follow-up to last week’s letter by the so-called […]

1. CFE Forum 2016: „Rebuilding the international tax system: How to square the circle?” on 21 April The finalisation of the BEPS project has provided governments with materials, tools and blueprints for reapplying the basic principles of international taxation like economic substance, permanent establishment and value creation. Yet it is far from clear how this large-scale […]