On July 1st, Czechia assumed the rotating Council of the EU Presidency from France. The country will chair Council meetings and represent the Council in relations with other European Union institutions until the end of 2022. There are many tax-related files that remain in the legislative pipeline from the French Presidency that Czechia will need to manage including;
- the EU’s Pillar Two Directive implementing a part of the 2021 Organisation for Economic Co-operation and Development (OECD) Inclusive Framework agreement,
- the possible introduction of the EU’s Pillar One implementing Directive,
- the Emissions Trading System (ETS) reform and complementary Carbon Border Adjustment Mechanism (CBAM),
- tax compliance issues,
- the debt-equity bias reduction allowance proposal (DEBRA), and
- managing economic impacts of REPower EU.
Source Tax Foundation
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