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On March 16, 2017 the Court of Justice of the European Union (CJEU) judged in Case C-47/16, Valsts ieņēmumu dienests versus Veloserviss SIA (ECLI:EU:C:2017:220).
This request for a preliminary ruling concerns the interpretation of Article 220(2)(b) of Council Regulation (EEC) No 2913/92 of 12 October 1992 establishing the Community Customs Code as amended by Regulation (EC) No 2700/2000 of the European Parliament and of the Council of 16 November 2000 (‘the Customs Code’).
The request has been made in proceedings between the Valsts ieņēmumu dienests (the Latvian tax authority) (‘the tax authority’) and ‘Veloserviss’ SIA concerning the charging of import duties and value added tax (VAT), together with interest for late payment, during a post-clearance examination of a customs declaration.
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On March 15, 2017 the European Parliament’s Committee of inquiry to investigate alleged contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and tax evasion (Hereafter: PANA) released an ex-post impact assessment of the cooperation between Financial Intelligence Units in fighting tax crimes.
The Directorate-General for Parliamentary Research Services (DG EPRS) Ex-post Assessment Unit (IMPT) was requested, by a PANA Coordinators’ decision of 12 October 2016, to provide a study on: Fighting tax crime: ex-post evaluation of the cooperation between Financial Intelligence Units (FIUs) at the European and international level.
The study is divided in two parts:
(1) an opening analysis prepared in-house by the DG EPRS Ex-post Assessment Unit (IMPT) that covers EU FIUs and the EU legal framework; and
(2) an outsourced comparative analysis that focuses on FIUs in Canada, France, Switzerland and the UK.
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On March 13, 2017 the Competent Authorities of Singapore and Denmark concluded an Agreement on the Automatic Exchange of Financial Account Information to Improve International Tax Compliance (Hereafter: The Agreement).
Singapore and Denmark will commence the Automatic Exchange of Information under the CRS by September 2018. The first year for which information will be exchanged under the Agreement is 2017.
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In the Official Journal of the European Union of March 13, 2017 the pleas of Hungary in its case against the European Commission’s decision of November 4, 2016 in which the European Commission decided that the Hungarian taxation of advertisement turnover constitutes illegal state aid were published.
In its action Hungary claims that the Court should:
· Annul Commission Decision C(2016) 6929 final of 4 November 2016 on the measure SA.39235 (2015/C) (ex 2015/NN) implemented by Hungary on the taxation of advertisement turnover;
· In the alternative, annul the part of the contested decision which classifies the version of the legislation following the amendment of 2015 as unlawful State aid;
· Order the Commission to pay the costs.
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On March 13, 2017 the Inland Revenue Authority of Singapore announced that the Competent Authorities of Singapore concluded Agreements on the Automatic Exchange of Financial Account Information to Improve International Tax Compliance with the competent authorities of Belgium and Luxembourg.
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