The European Commission will publish imminently a roadmap to amend the Directive on administrative cooperation on tax (DAC) to include within its scope alternative means of payment and investment (e.g. crypto-assets, e-money). The Commission fears that they may threaten to undermine progress made on tax transparency and pose substantial risks for tax evasion.
Stakeholders will be able to provide feedback on the Roadmap. A formal public consultation is scheduled for first quarter of 2021, and a legislative proposal in third quarter of 2021
Source ec.europa.eu
Latest Posts in "European Union"
- Electricity Breakdown at Customs: HS 8502 or HS 8504 – 0% or 10% Duty?
- Conference Vienna University: Court of Justice of the European Union: Recent VAT Case Law (March 10-12)
- Comments EGC T-643/24: Unauthorised Music Use Qualifies as VAT-Taxable Service
- EU Approves Updated E-Invoicing Standard EN 16931-1 for B2B and 2030 Digital Reporting
- EPPO Uncovers €11.3M Customs Fraud in Antwerp Steamboat Probe; Three Arrested
