- The European Commission adopted Implementing Regulation 2025/648/EU to support Directive 2025/872/EU on administrative cooperation in taxation.
- The regulation enhances automatic exchange of information and improves coordination among EU Member States.
- A standardized format is introduced for exchanging top-up tax return data among EU countries.
- A common IT schema aligned with OECD standards is adopted to facilitate structured data exchange.
- EU countries must submit an annual information report by April 1 each year.
- The regulation aligns the EU’s tax cooperation framework with international tax reform efforts.
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.
