On June 18, 2022, the EU Finance Ministers met to agree a new compromise text covering the introduction of a minimum taxation proposal by the EU Member States. No political agreement to the text has been reached, on the basis that unanimous approval for the proposal was not forthcoming. According to the French Finance Minister Bruno le Maire, and agreed by Poland, who until today remained the only country to oppose the proposal, all conditions were met to reach unanimous support. However, as was widely anticipated in the days before the meeting took place, Hungary declined to approve the compromise text, thereby revoking its previous support for the proposal.
Source PwC
Latest Posts in "European Union"
- CJEU Confirms TP Adjustments as VAT-Applicable Services, Requires Supporting Documentation
- Court of Justice Rules on VAT for Intra-Group Services and Evidence Requirements for Deductions
- ECJ Rules Compensation Payments in Transfer Pricing as Taxable Supply for VAT Purposes
- ECJ Rules Non-Transactional Profit Adjustments by Principal Are VAT-Applicable Services in Arcomet Case
- Understanding VAT Implications on Transfer Pricing: Insights from Arcomet Case C-726/23
