The Council of the EU adopted, on 17 October 2023, a Directive amending the EU rules on administrative cooperation in the area of taxation (DAC8). The amendments primarily pertain to the reporting and automatic exchange of information on certain revenues from crypto asset transactions and the provision of advance tax rulings for the wealthiest (high net worth) individuals. The Directive aims to strengthen the existing legislative framework by broadening the scope for registration and reporting obligations and improving overall administrative cooperation between tax administrations.
Source PwC
Latest Posts in "European Union"
- EU Eyes Green VAT Reforms to Boost Donations and Circular Economy
- New EU Guidelines Clarify VAT and Union Status Rules for Boat Owners
- ECJ Rules on Spanish VAT Deduction Limits for Client Gifts
- Senator Calls for Zero VAT on Sunscreen Amid Skin Cancer Concerns
- Stellantis Case Update: Transfer Pricing Adjustments Not Always Subject to VAT
