- EU finance ministers reached preliminary agreement on law for cross-border withholding tax refund procedures
- New law will streamline tax refund systems for cross-border dividend and interest payments
- Czechia initially opposed the law but withdrew objections
- Countries with smaller capital markets can opt out if they have efficient systems
- European Parliament must review the law again due to significant amendments
- Estonia blocked VAT update, particularly opposing deemed supplier status for online platforms
- VAT package includes digital reporting and e-invoicing, needs further discussion.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- CJEU 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
- VAT Implications on Transfer Pricing Adjustments: Insights from Acromet Towercranes Case
- CJEU Ruling: Transfer Pricing Adjustments Impact VAT in Arcomet Case (C-726/23)
- EU Court of Justice Rules Transfer Pricing Payments Subject to VAT in Arcomet Case
