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On its website the OECD has published a jurisdiction-specific overview of the steps taken and choices made by jurisdictions in the context of implementing the Common Reporting Standard (CRS). Based on what the OECD has stated, it seems that the overview will be updated on regular basis. Therefore every international tax specialists should consider bookmarking and regularly checking the schedule.
Read more: A must read! The jurisdiction-specific overview of the steps taken and choices made by...
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On November 12, 2015 Germany and Australia concluded a new agreement for the elimination of double taxation with respect to taxes on income and on capital and the prevention of fiscal evasion and avoidance (Hereafter: the DTA). When entering into force this new DTA will replace the existing Double Taxation Agreement (stemming from 1972) that currently is in place between Germany and Australia.
Although the new DTA has been signed, it has not yet entered into force. For the DTA to enter into force, the respective ratification procedures have to have been finalized in both countries.
Below we will discuss a selection of provisions included in the DTA of which we think they might interest our readers.
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The list of Guidelines resulting from meetings of the VAT Committee as published on the website of the European Commission has been updated. On November 11, 2015 a Guideline on the VAT treatment of crowdfunding stemming from the 102th meeting of the VAT Committee (the meeting was held on March 30, 2015) was added to the list.
Read more: EU VAT Committee has agreed on guidelines on the VAT treatment of crowdfunding
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On November 10, 2015 the German Ministry of Finance sent a letter to the highest financial authorities of the German federal states regarding the application of the Tax Information Exchange Agreements (TIEAs) the German Federal Republic has concluded with other jurisdictions.
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On November 12, 2015 the Court of Justice of the European Union (CJEU) judged in Case C‑198/14 Valev Visnapuu versus Kihlakunnansyyttäjä and Suomen valtio — Tullihallitus (ECLI:EU:C:2015:751).
Article 110 TFEU and Articles 1(1), 7 and 15 of European Parliament and Council Directive 94/62/EC of 20 December 1994 on packaging and packaging waste must be interpreted as not precluding legislation of a Member State, such as that at issue in the main proceedings, which imposes an excise duty on certain beverage packaging, but lays down an exemption for packaging integrated into a functioning return system.
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