Commission launches public consultation on regulating tax advice
The consultation was launched on 6 July with a 12 October deadline. It gathers stakeholder input to inform a proposal, currently scheduled for early 2023, to limit the provision of ‘aggressive tax planning’ advice by enablers.
The consultation’s questions ask, notably:
- what criteria could be used to determine whether a company structure might result in aggressive tax planning
- views on possible policy options, including whether a soft or hard law instrument would be in order
- whether to introduce an EU database, code of conduct or self-assessment due diligence on enablers
- how to enforce the possible rules.
VAT in the digital age and DAC 8 scheduled for November
According to the EC’s internal planning, both the Directive on administrative cooperation (DAC 8 covering crypto-assets and e-money) as well as the Value-Added Tax (VAT) in the digital proposal are scheduled for 16 November. The former will further expand the existing exchange of tax information between EU tax administrations. The latter, for its part, will propose measures to adapt the EU VAT rules to the realities of e-commerce and digitalization.
ECON adopts position on taxation of cryptoassets
MEPs adopted on 30 June a non-binding resolution calling for a better use of blockchain to fight tax evasion and for Member States to coordinate more on the taxing of crypto assets.
The resolution, drafted by MEP Lídia Pereira (EPP/Portugal), was adopted by the Committee on Economic and Monetary Affairs (ECON) with 40 votes in favor and 1 abstention. It sets out a framework through which both goals of using blockchain in taxation and better taxing crypto assets can be achieved.
It calls on the Commission to assess how different Member States tax crypto assets and identify different national policies to fight against tax evasion in crypto assets. The resolution also calls for a clear definition of crypto assets and what constitutes a taxable event. It also calls on the Commission to better integrate the use of blockchain into different fora and programmes dealing with taxation and cooperation, and for Member States to modernise their tax administrations.
A final vote in Plenary is currently scheduled for 12 September.
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European Commission launches public consultation on tax advice regulation
Top Level Seminar ‘EU VAT: Recent Developments and Outlook’ (in English) – EFS, Erasmus University Rotterdam
- Dates: 28, 29 and 30 September 2022