Your Single Source for Global Tax
TaxSpoc Logo

European Union | VAT | Withholding Taxes

May 10, 2024

European Union: ViDA and Withholding Taxes Take a Central Stage in the Upcoming ECOFIN Meeting Agenda

ECOFIN Council Meeting of May 14, 2024 has 2 Tax related topics on Agenda

European Union: ViDA and Withholding Taxes Take a Central Stage in the Upcoming ECOFIN Meeting Agenda

Agenda highlights of Economic and Financial Affairs Council, 14 May 2024

 

Withholding taxes

The Council will seek a political agreement on a proposal to make the relief of excess withholding taxes faster and safer (FASTER). This initiative aims to help fight tax abuse and to contribute to completing the EU capital markets union by encouraging cross-border investment.

 

VAT in the digital age

The Council will seek a political agreement on the value added tax (VAT) in the digital age package. The package consists of three proposals that set out to tackle VAT fraud, support businesses and promote digitalisation.

 

Source:

 

About Authors:

Egypt | VAT

Egyptian Tax Authority (ETA) Rolls Out a Transparent, Hassle-Free VAT System for Global Providers of Digital and Remote Services.

Italy | VAT

Italy Seeks Nearly €1 Billion in VAT payments from Meta, X, and LinkedIn, Targeting Transactions from 2015 to 2022

Egypt | Tax Policy

Fostering Trust, Partnership, and Business Confidence Through Fair and Efficient Tax Services

EU | Customs

The European Commission extends tariff suspension on U.S. imports until April 14, 2025, aiming to resolve trade tensions and avoid escalation

OECD BEPS | Turkey

Amount B will not be applied to transactions involving distributors, sales agents, and brokers operating in Turkey

Saudi Arabia | Big 4

The ban could lead Saudi authorities to implement stricter compliance regulations for consulting firms

EU | Transfer Pricing

MNEs will be required to submit their first top-up tax information return by 30 June 2026, tax authorities will need to exchange this information by 31 December 2026

EU | Tax Policy

Focus on Green Transition, Addressing the VAT gap, and Commitment to Global Tax Reform are some of the priorities

Reach your target audience

Contact us at hello@taxspoc.com

TaxSpoc Logo

Follow Us:

Taxspoc, UAB 2024. The Taxspoc is not responsible for the content of external sites.