Commission proposals published in April 2018 on reforming and digitalising EU company law in order to make it easier for companies to merge, divide or move within the EU Single Market, whilst preventing fraud and abusive behaviour in cross-border operations, have been adopted by the EU Parliament, with 522 votes in favour, 54 opposed and 16 abstentions. The rules allow Seguir leyendo

Following up on the VAT Action Plan of April 2016, the European Commission published a comprehensive proposal aimed at adopting a definitive VAT system for intra-EU cross border trade based on the “destination principle”, i.e. taxation in the Member State of destination of the goods. The definitive VAT system shall replace the transitional VAT system of 1993, which is no Seguir leyendo

Value Added Tax (VAT) Purchase and sale of bitcoins and other virtual currencies against conventional currencies is according to the sale of legal tender currencies VAT free. This is a result of a decision by the European Court of Justice Rs C-264/15 Hedqvist dated 22nd Oct 2015. Up to now it is not clear whether the exchange of one virtual Seguir leyendo

Inicio empresarial. Usted está empezando? le ayudamos con decisión del tipo de empresa a crear preguntas acerca de licencia correspondiente decisiones sobre recursos humanos presupuestos y otras previsiones cálculos de costo/beneficio para inversiones con subvenciones públicas contabilidad en general Concertar una cita! Image © Adam Gregor

The Italian Tax Authorities released a publication ; confirming their Intention to remove taxpayers from the  VAT Information Exchange System (VIES) , who have not submitted Intrastat declarations since the first quarter of 2016 and therefore appear to be inactive from the Italian Tax Authorities perspective. A taxable person intending to trade within EU is obliged to request the Italian Seguir leyendo

Panama commissions international panel to improve financial transparency Following the ‘Panama Papers’ revelations and the leak of 11.5 million documents from a prominent lawfirm, Panama has embarked on an ambitious project to regain its international reputation. The government of Panama plans to commission international committee of experts that would recommend a modality of improving transparency in Panama’s financial industry. According Seguir leyendo

The OECD announced that on 24 November 2016, the members of the ad hoc Group on the Multilateral Instrument implementing BEPS measures concluded the negotiations on the text of the Multilateral Convention.  More than 100 jurisdictions signed the multilateral instrument, including most European countries, the United States, Australia, Canada, Brazil, China, Russia, and India, to name but a few. [Reference: Seguir leyendo

On October 25th the European Commission released its “Corporate Tax Reform Package” which includes a proposal on the Common Consolidated Corporate Tax Base (CCCTB): Corporate Tax Reform PACKAGE Corporate Tax Reform FACTSHEET