News Europe
France Amends Its 2019 Budget Bill To Reduce Capital Gain Tax On Cryptocurrencies
; posted on
November 20th, 2018
The National Assembly of France has passed a bill to lower the capital gains tax on cryptocurrency profits as part of 2019 budget bill. The proposed bill aims to establish France as a major cryptocurrency hub with an attractive and comprehensive framework in taxation.
Germany Explores GLOBE Proposal To Tax Digital Economy
; posted on
November 15th, 2018
German Finance Minister, Olaf Scholz, endorsed the global anti-base-erosion (GLOBE) proposal, which includes a tax on base-eroding outbound payments, as a long-term approach to tax the digital economy.
The GLOBE Proposal .
Spanish Clothing Giant Drops Irish Unit Linked to Aggressive Tax Policy
; posted on
November 15th, 2018
Inditex, the company that operates Zara and several other clothing stores is closing an Irish subsidiary that has been criticized for its role in allowing the group to pay less tax elsewhere in Europe. The company made a request to be voluntarily taken off the register to Ireland’s Companies Registration Office.
The Netherlands Amends Decree On The Silent Return Arrangement Of A Private Limited Liability (BV or NV)
; posted on
November 13th, 2018
Decree No. 2018/99281 of 2 October 2018 on the tax-neutral return from a private limited liability (BV) or public (NV) company to a business undertaken in unincorporated form was published in Official Gazette No. 62988.
Background .
Netherlands To Introduce Withholding Tax On Royalties And Interest To Tackle 22 Billion Euros Tax Avoidance
; posted on
November 8th, 2018
The Dutch Amsterdam Research Bureau SEO, commissioned by the Dutch Ministry of Finance, released a report regarding capital flows through the Netherlands. The report revealed that multinationals moved some €22bn in royalties and interest through the Netherlands in 2016 to avoid tax.
ECOFIN - Italy And Germany Compromise Digital Services Tax
; posted on
November 8th, 2018
The European Economic and Financial Affairs Council (ECOFIN) met to discuss various issues, including the European Commission's proposed digital services tax.
DST Key Issues .
Malta Introduces Income Tax Treatment Guideline On Scope of Digital Ledger Technology
; posted on
November 6th, 2018
The Maltese Commissioner for Revenue has issued three sets of guidelines on transactions involving DLT, which includes the income tax treatment guideline.
Scope of Digital Ledger Technology (DLT) .
Finland Broadens The Scope Of CFC Under The Amended CFC Rules
; posted on
November 6th, 2018
Finland submitted the amendment of controlled foreign company (CFC) rules to the Finnish legislation. The proposal, which amends the CFC Law (Laki ulkomaisten väliyhteisöjen osakkaiden verotuksesta), will apply from 1 January 2019.
UK Takes Lead In Digital Tax (DST) But Diverts From EU Plan
; posted on
November 1st, 2018
The UK government remains committed to reform of the international corporate tax framework for digital businesses. The OECD and G20 did not reach global consensus yet, therefore on 29 October, UK took the initiative to introduce a two percent digital services tax (DST).
UK Budget 2018 Delivered To Parliament - Several Tax Measures Including Digital Services Tax
; posted on
October 30th, 2018
UK Chancellor of the Exchequer Philip Hammond delivered the Budget 2018 to Parliament. The Budget introduced measures to reaffirm the UK’s international competitiveness, including a new measure to impose digital service tax for certain digital activities.
Dutch Government Proposes Anti-Hybrid Rules To Comply With EU's ATAD2
; posted on
October 30th, 2018
The Dutch government published a preliminary proposal implementing rules on hybrid mismatches as required under the amended EU Anti-Tax Avoidance Directive (ATAD2). The implementation of ATAD2 in the Dutch legislation will lead to changes in the 1969 Corporate Income Tax Act.
Jersey Lodges Draft Law On Economic ‘Substance’ Measures To Avoid EU Black List
; posted on
October 25th, 2018
According to a government announcement on 23 October 2018, Minister for External Relations Ian Gorst lodged a draft economic substance law for debate by Jersey’s States Assembly. The Law has been designed to address concerns of the EU Code of Conduct Group on Business Taxation about the need for relevant businesses to demonstrate adequate economic substance in the Island.
Dutch Supreme Court Confirms CJEU Decision in Fiscal Unity Cases
; posted on
October 23rd, 2018
The Dutch Supreme Court issued decisions in case no.15/00194 and no. 15/00878 related to interest deduction limitation and the (non-) deductibility of currency losses on certain participations.
Tax Highlights Of Italian Budget 2019
; posted on
October 18th, 2018
The Italian Council of Ministers approved the bill concerning the 2019 state budget. On the same day, respecting the deadline set for all European Member States, the draft Budget was submitted to the EU Commission.
Spain - Draft Budget 2019 Submitted To European Commission
; posted on
October 18th, 2018
The Spanish government submitted its Budget Plan for 2019 to the European Commission. The Budget Plan includes tax measures that mainly focused on generating revenue.
Dutch Tax Plan 2019 - Government Amends Several Measures
; posted on
October 16th, 2018
The State Secretary for Finance published a letter regarding amendments to the Tax Plan 2019 (the tax plan), to strengthen the business climate in the Netherlands.
These are the following adjustments to the corporate income tax measures:.
Ireland Announces Budget 2019: Government Introduces Tax On Assets Exiting State
; posted on
October 12th, 2018
Ireland’s Minister for Finance and Public Expenditure and Reform announced Budget 2019. A new tax charge on multinational companies moving assets out of Ireland was introduced as a feature in the budget.
Switzerland Exchanges Financial Accounts Data With International Partners For First Time
; posted on
October 12th, 2018
As part of a new international initiative, the Swiss Federal Tax Administration has for the first time exchanged information on around 2 million financial accounts. The exchanged information aims to ease the cantonal tax authorities to verify whether taxpayers have correctly declared their financial accounts abroad in their tax returns.
Dutch Cabinet To Reconsider Scrapping Dividend Tax After Unilever Pull Out
; posted on
October 12th, 2018
On 5 October, Unilever scrapped the planned move of its head office to Rotterdam due to growing protest from British shareholders. Later on the same day, Prime Minister Mark Rutte announced that the government would reconsider the abolition of the dividend tax.
The Norwegian Government Proposed Changes To The Rules On Interest Limitation And Corporate Tax Residency
; posted on
October 9th, 2018
The Norwegian Government presented its proposal for the 2019 state budget on October 8, which includes the proposal to change the rules on interest limitation and corporate tax residency.
Corporate Tax Residence .

Copyright © 2018
Transfer Pricing Associates BV.
All rights reserved.
 

H.J.E. Wenckebachweg 210
1096 AS Amsterdam
T: +31 20 462 3530
E: info@tpa-global.com
I: www.tpa-global.com