Update

Tax Policy

 Cannot read this email? Open in your browser.April 2020 
 

Tax Policy Update

23 March - 3 April

 
 
 
 

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Coronavirus resources for European accountants

 
 
 

Our online hub gathers resources and initiatives on coronavirus across the EU.

 
 
 
 

EU Developments

 
 
 
 

European Commission


EU to suspend tariffs, VAT on medical equipment to fight Covid-19

The European Commission has proposed to temporarily allow EU member states to suspend tariffs and VAT on imported protective medical equipment in response to the worsening Covid-19 crisis.

The Commission decision will be applicable from 30 January 2020 until 31 July 2020. This allows imports carried out during the incipient phase of the outbreak to also benefit from the exemption.

The move comes after several EU governments asked the commission to authorize the suspension of both levies at the national level. Read more

European Commission calls for applications to expert group on exchange of payment data to combat VAT fraud

The European Commission has opened a call for candidates to a new expert group it is setting up on the exchange and transmit of payment data to combat VAT fraud.

The group’s tasks shall be to assist DG TAXUD in the implementation of article 24c of the amended Regulation (EU) 904/2010 on administrative cooperation and combating VAT fraud, and in the implementation of the legislative package introducing transmission and exchange of payment data to fight VAT fraud and the development of the Central Electronic System of Payment information (“CESOP”).

The deadline for applications is 24 April. Read more 

 
 
 
 
 

International Developments

 
 
 
 

OECD proposes emergency tax measures to help curtail corona virus impact

The OECD has published a number of recommendations and best practices for governments’ tax measures to help alleviate the economic impact of the corona crisis.

Moreover, the OECD’s Forum on Tax Administration has published a compilation of measures that tax administrations could consider adopting and adapting to their national context.

US Treasury shows no signs of addressing EU’s FATCA concerns

The US Treasury is showing no signs of providing alleviations or further guidance to so-called ‘accidental Americans’ that must comply with the provisions of FATCA.

In a recent letter sent to the EU, the Treasury Department gives no indications of plans to relax foreign banks’ obligation to report information about US account holders, despite EU leaders expressing concerns about this. Read more

 
 
 
 
 

Other news

 
 
International
 
OECD releases second peer review report on preventing treaty shopping
 
International
 
EESC issues position on taxation and Sustainable Development Goals
 
International
 
What can EU learn from Swiss and Scandinavian carbon tax policies?
 
International
 
Platform for Collaboration on Tax: International organisations move to help developing countries improve tax systems
 
International
 
OECD publishes compilation of measures taken by tax administrations to tackle corona virus
 
International
 
OECD publishes database of tax alleviation measures take by countries to tackle corona virus
 
National
 
France suspends airline tax
 

This curated content was brought to you by Johan Barros, Accountancy Europe policy manager since 2015. You can send him tips by email, follow him on Twitter and connect with him on LinkedIn.

 
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