Podcast on “The European Commission tax package for fair and simple taxation”
On July 15 the European Commission adopted its tax package for fair and simple taxation. Listen to our podcast to get all the insights: The tax package is a response to the dual challenge of the current crisis: supporting a swift and sustainable economic recovery and ensuring sufficient public revenue in the EU. It contains
Late corporate tax filings trigger notification of ex-officio assessment: mind and manage the adverse tax consequences
We noticed that lately the Tax authorities, in a coordinated effort, addressed notifications of ex-officio assessment to corporate taxpayers that did not yet file the corporate income tax return for Assessment year 2019 or that filed the return late. If no return has been filed yet, the company can be assessed on a lump sum
New Circular letter – Home working expense allowance
As working from home will be the new normal for many companies, the Belgian tax authorities released a circular letter including guidelines for the application of a lump sum allowance for home office expenses. If the home working is done in a structured and recurring manner an amount of up to EUR 129,48 per month (as from 1
General Court of the EU annuls the EC’s decision in Apple
On 15 July 2020, the General Court of the European Union (‘GC’), annulled the final State aid decision of the European Commission (‘EC’), based on the argument that the EC did not demonstrate the existence of a selective economic advantage within the meaning of the State aid rules. It remains to be seen whether the
Circular containing technical clarifications regarding the 30% EBITDA rule
On 10 July 2020 a new Circular letter was published regarding the 30% EBITDA regulation (Dutch/French version).The Circular is intended to provide some additional clarifications on remaining ambiguities on the 30% EBITDA regulation, as contained in Article 198/1 BITC 92 and Article 73 RD/BITC. These clarifications are highly technical in nature and underscore again that
PwC EUDTG Newsalert – 10 July 2020 (Non-confidential version of the EC’s State aid decision to extend proceedings in Inter IKEA)
On 2 July 2020, the public version of the State aid decision of the European Commission (EC) to extend the State aid investigation into the Netherlands’ tax treatment of Inter IKEA Systems BV (Systems) was made available. In its decision to extend proceedings, the EC preliminarily concludes that the contested measures (the 2006 and 2011
Spanish Central Administrative Tribunal‘s decision to apply the CJEU’s Danish cases to deny the withholding tax exemption on dividends
The Central Administrative Tribunal (i.e., administrative body) has recently published a ruling in which it applies the doctrine from the ECJ in the Danish cases to a Spanish case denying the withholding tax exemption on dividend payments to EU parent companies. For more information, please see enclosed PwC’s EU Direct Tax Group (EUDTG)’s Newsalert on:
Data automation and XML conversion for the social passive exemption
The introduction of the unified employment status as from 1 January 2014 results generally in increased dismissal costs for employers. To support employers in dealing with these increased costs of dismissal, the legislator introduced the so-called ‘Exemption for social passive’. See one of our previous posts for more detail on the “corporate tax exemption for
