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In this edition: IFRS – IFRS Taxonomy 2016 Update for Disclosure Initiative (Amendments to IAS 7); European Commission – New EU rules for a simpler, faster and safer Customs Union come into force on 1st May; Australia – Provision of general purpose financial statements by significant global entities; United Kingdom – Automatic Exchange of Information: introduction; Luxembourg – Newsletter du 29 avril 2016 - Norme commune de déclaration (NCD) ou Common Reporting Standard (CRS); The Netherlands – Dividendbelasting; Inkomstenbelasting; Vennootschapsbelasting; EU-recht (Besluit van de staatssecretaris)
Read more: International Tax Plaza’s Quick News from April 30, 2016
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On April 28, 2016 the European Parliament’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE 2) had an interesting meeting/workshop with 4 external experts (Prof. dr. Elly Van de Velde, John Vella, Prof. dr. Raymond Luja and Karel Volckaert). During the meeting these external experts presented 4 studies they have prepared on request of TAXE 2. But it was also a meeting during which some of the external experts did not refrain from placing some critical notes with respect to the work undertaken so far on combating tax avoidance by multinationals.
Read more: TAXE 2’s interesting meeting with external experts from April 28, 2016
European Commission requests Germany to amend its VAT rules on cross-border road passenger transport
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On April 28, 2016 the European Commission released its “The April infringements' package: key decisions”. One of the key decisions is the Commission’s request to Germany to amend its VAT rules on cross-border road passenger transport.
On April 28, 2016 the European Commission formally requested Germany to amend its value added tax (VAT) rules on cross-border road passenger transport. According to the European Commission Germany currently applies VAT rules that treat short cross-border passenger transport services (less than 10km) as a foreign service for tax purposes, meaning that these services are not taxable in Germany.
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On April 28, 2016 the European Commission published its “The April infringements' package: key decisions”. One of the key decisions is the Commission’s request that France ends the discriminatory tax treatment of dividends from non-resident subsidiaries.
On April 28, 2016 the European Commission has requested that France fully complies with the judgment of the Court of Justice of the European Union in Case C-310/09, Accor SA (ECLI:EU:C:2011:58)1 delivered by the Court of Justice of the European Union (CJEU) on September 15, 2011.
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On April 28, 2016 the European Commission issued a press release announcing that it refers Germany to Court for failing to amend VAT rules for travel agents. According to the press release the reason herefor is Germany’s failure to properly apply the special value added tax (VAT) scheme for travel agents, as provided for in the VAT Directive (Council Directive 2006/112/EC).
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