It was floated before, but now it’s official: the 🇪🇺European Commission has withdrawn its proposal for a 'Definitive VAT system', after years of debate on cross-border VAT reform. eur-lex.europa.eu/legal-content/… #VAT

Traditional tax rules struggle to keep pace with new business models and technologies We take a look at the challenges of taxing the digital economy 🔎wp.me/p2qdgs-iFh FISC Committee Press Pasquale Tridico Kira M. Peter-Hansen Regina Doherty MEP Markus Ferber Matthias Ecke 🇪🇺 🌹

🔴🇪🇺The European Commission announces the withdrawal of the Financial Transaction Tax (FTT), Unshell, DEBRA and the transfer pricing harmonisation directive. commission.europa.eu/publications/2…

ETACA - the 🇪🇺EU's Cooperative Tax Compliance project - is entering into its second pilot phase! Interested companies can contact their tax administration if they would like to participate. See for more information: taxation-customs.ec.europa.eu/eu-cooperative… EU Tax & Customs 🇪🇺

The overall tax-to-GDP ratio stood at 40.4% in the EU and 40.9% in the euro area in 2024. Highest in: 🇩🇰 Denmark (45.8%) 🇫🇷 France (45.3%) Lowest in: 🇮🇪 Ireland (22.4%) 🇷🇴 Romania (28.8%) Learn more👉 link.europa.eu/bTYKkk

To combat menstrual poverty, the EU VAT Directive now allows Member States to apply reduced or zero VAT rates to menstrual products 👉 link.europa.eu/NpVbmm #EUGenderEqualityWeek Lina Gálvez Muñoz FEMM Committee Press @eurogender

European SMEs, are you unsure if your small business qualifies for the VAT exemption scheme? 🧮 Use the simulator to check your eligibility, based on your EU-wide turnover ✅ It’s available in almost all EU countries 🔍 Start here: link.europa.eu/Nt8wBy #VATExemption

Een kleine reminder: een speciaal BTW tarief voor luxeproducten is niet mogelijk onder de huidige EU regels. #begroting

The 🇪🇺EU’s VAT One Stop Shop lets businesses handle #VAT for all their EU sales in one place — a big step for the single market. But can it go further? My new briefing looks at possible next steps for VAT simplification. europarl.europa.eu/thinktank/en/d… European Parliamentary Research Service EU Tax & Customs 🇪🇺

The EU’s VAT one-stop shop lets businesses declare their EU-wide sales through a single tax return so they don’t have to VAT register in multiple Member States How could this framework be further improved? 👉 link.europa.eu/XVpW6N FISC Committee Press Pasquale Tridico Kira M. Peter-Hansen Regina Doherty MEP

Discover latest developments in international tax co-operation incl. the status of the Pillar Two global minimum tax, tax transparency efforts, tax certainty and simplification, & more in the 🆕 report by OECD SG Mathias Cormann to G20 United States. ➡️ brnw.ch/21wXLBI

On Thursday, the FISC Committee Press Committee will hold a public hearing on the taxation of ultra-high-net-worth-individuals, with speakers from EU Tax & Customs 🇪🇺, Tax Foundation, OECD Tax and International Tax Observatory.

And here it is: The Side-by-Side Package (alongside new safe harbors!). #PillarTwo #MinimumTax

Reaction 🇪🇺European Commission to OECD Inclusive Framework's Side-by-Side agreement.

The 🇪🇺European Commission published this morning a notice acknowledging last week's OECD/Inclusive Framework's Side-by-Side agreement. A revision of the Pillar Two Council Directive is not needed. op.europa.eu/en/publication…

Reduced #VAT rates are widely used across the 🇪🇺EU — but are they effective and at what cost? This new briefing by European Parliamentary Research Service explores how EU VAT rate rules work, why non-standard rates exist, and the challenges they create. europarl.europa.eu/thinktank/en/d… #tax

Missing trader VAT fraud costs the 🇪🇺EU € billions each year. The VAT Directive's Articles 199a & 199b introduce optional reverse charge mechanisms to tackle this. How effective are they? Find out in our latest briefing. #VAT #TaxFraud #EU europarl.europa.eu/thinktank/en/d…

Belgian Ministry of Finance starts public consultation to simplify Pillar 2's Income Inclusion Rule tax return

The Council and European Parliament have reached an agreement on reforming EU customs rules. The new framework will give customs authorities across the EU a more modern toolbox to keep pace with today’s trade volumes and challenges. Find out more ➡️link.europa.eu/vyc6yp