The Irish Department of Finance published a proposed legislative approach to implement the EU Minimum Tax Directive
- Details
As follow-up to its public consultation of May 2022, on March 31, 2023 the Irish Department of Finance launched a Feedback Statement on the transposition of the EU Minimum Tax Directive (the Pillar Two Directive). The consultation period will run to close of business on Monday May 8, 2023. Considering the role that Irish entities play in many international structures, it is certainly worth taking notice of the legislative approach to implement the EU Minimum Tax Directive as proposed by the Irish Department of Finance.
The CJEU ruled in the Cases C-612/21 & C-615/21 whether in the underlying cases the activities by a municipality are to be considered to constitute an economic activity performed by a taxable person for VAT purposes or not?
- Details
On March 30, 2023 on the website of the Court of Justice of the European Union (CJEU) 2 judgments of the Seventh Chamber of the CJEU were published. Both the judgments regard the question whether in the underlying cases the activities by a municipality are to be considered to constitute an economic activity performed by a taxable person for VAT purposes or not?
Besluit van de staatssecretaris van Besluit van 21 maart 2023, nr. 2023-14431 inzake inkomstenbelasting, vennootschapsbelasting. Totaalwinst (Besluit Totaalwinst)
- Details
Op 30 maart 2023 is in de Staatscourant het besluit van de staatssecretaris van Besluit van 21 maart 2023, nr. 2023-14431 inzake inkomstenbelasting, vennootschapsbelasting. Totaalwinst (Besluit Totaalwinst) gepubliceerd.
The Government of Liechtenstein opened a consultation on draft legislation to implement Pillar 2
- Details
On March 29, 2023 the Government of Liechtenstein announced that it opened a consultation on draft legislation to implement a global minimum taxation of large multinationals and large Liechtenstein domestic groups (Pillar 2 of the Two-Pillar solution). The consultation period ends on June 2, 2023. The consultation report and the law proposal are to be discussed in parliament in the beginning of September 2023.
The Global Forum published seven new peer review reports on transparency and EOIR
- Details
On March 28, 2023 the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) published seven new second round peer review reports on transparency and exchange of information on request (EOIR), for six of its members (Albania, the Czech Republic, Mexico, Nigeria, Saint Lucia and Togo) and one non-member, which had previously been deemed of relevance to its work on EOIR (Nicaragua).
The Dutch Ministry of Finance updated the list of published synthesized texts of ‘Dutch’ DTAs to which the MLI applies
- Details
On March 28, 2023 the Dutch Ministry of Finance updated the list of published synthesized texts of DTAs the Netherlands concluded with other jurisdiction to which the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (The MLI). Currently the synthesized texts of the following 22 DTAs the Netherlands has concluded with other jurisdictions have been made available:
Advocaat-Generaal Wattel is duidelijk geen fan van een loterij zonder nieten bij ongerealiseerde koersresultaten
- Details
Op 17 maart 2023 is op rechtspraak.nl de zeer interessante conclusie van Advocaat-Generaal Wattel in de gevoegde zaken met Zaaknummers 22/01909 en 22/03307 (ECLI:NL:PHR:2023:226) gepubliceerd. De gevoegde zaken betreft de boekjaren 2012 en 2013. Een zaak die als de Hoge Raad de conclusie van de Advocaat-Generaal volgt grote gevolgen kan hebben voor belastingplichtigen die internationaal actief zijn en die vorderingen en schulden hebben in dezelfde buitenlandse valuta’s. In beide jaren handelt het om de volgende twee geschilpunten: (i) is voor verplichte samenhangende waardering van USD-vorderingen en -schulden een feitelijk zeer effectieve hedge voldoende, of is daarnaast een hedging-oogmerk of bedrijfseconomisch verband tussen vordering en schuld vereist? (ii) leiden de supply en distribution agreements tussen [D] en een Zwitserse groepsvennootschap (AG) tot onzakelijke winstverschuiving die gecorrigeerd moet worden ex art. 8b Wet Vpb?
De staatssecretaris van financiën presenteert een aanvullend plan van aanpak mbt de no-cure-no-pay-problematiek inzake de BPM en WOZ
- Details
Op 23 maart 2023 heeft staatssecretaris van Rij naar aanleiding van diverse signalen die hij heeft ontvangen vanuit de Belastingdienst, de Vereniging van Nederlandse Gemeenten, gemeentelijke uitvoeringsorganisaties en de rechtspraak een brief aan de Voorzitter van de Tweede Kamer der Staten-Generaal gestuurd waarin hij een aanvullend plan van aanpak inzake tot de no-cure-no-pay-problematiek (ncnp problematiek) met betrekking tot de BPM en WOZ uiteenzet.
2023 Spring Finance Bill and the accompanying Explanatory Notes have been published on the website of the UK Parliament
- Details
On March 23, 2023 the Spring Finance Bill and the accompanying Explanatory Notes have been published on the website of the UK Parliament. For international tax specialists the Bill as introduced in the House of Commons for a first reading is very interesting because it contains draft legislation to implement Pillar 2 (ensuring that large multinational enterprises pay a minimum level of tax) in the UK.
The German Government released a discussion draft for a law implementing the Directive to ensure a global minimum taxation for multinational corporate groups and large domestic groups in the EU
- Details
On March 20, 2023, the German Federal Ministry of Finance published a discussion draft for a law implementing the directive to ensure a global minimum taxation for multinational corporate groups and large domestic groups in the European Union. The interested professional public is given the opportunity to comment on the discussion draft. The consultation period runs until April 21, 2023. Interested parties can send their input to the following e-mail address This email address is being protected from spambots. You need JavaScript enabled to view it..
Replay of the OECD’s public consultation meeting of March 16, 2023 on compliance and tax certainty aspects of global minimum tax is available
- Details
On March 16, 2023 a virtual public consultation meeting on compliance and tax certainty aspects of global minimum tax was held. The meeting was held via zoom and for being able to participate one had to register upfront.
The opinion of the AG in the joined Cases C-508/21 P & C-509/21 P, Commission v Dansk Erhverv (State aid – VAT – Sale of beverages in non-reusable containers by border shops in Germany to Danish and Swedish residents)
- Details
On March 16, 2023 on the website of the Court of Justice of the European Union (CJEU) the opinion of Advocate General Collins in the joined Cases C-508/21 P (the European Commission versus Dansk Erhverv) and C-509/21 P (Interessengemeinschaft der Grenzhändler (IGG) Dansk Erhverv and the European Commission), ECLI:EU:C:2023:224, was published.
Mexico deposited its instrument for the ratification of the Multilateral BEPS Convention
- Details
On March 15, 2023 the United Mexican States has deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (The BEPS Convention). The BEPS Convention will enter into force on July 1, 2023 for Mexico.
When dual residency and the use of a trust office turns into a tax adviser’s nightmare
- Details
As a tax adviser I have never been a big fan of structures that include a dual resident entity and in general I would not advise a client to use dual residency in a structure. I might consider using a dual resident entity if the entity would have a certain minimum presence in the jurisdiction that it was relocated to and if next to that its board of directors would consists out of qualified experienced individuals of which a majority would be a residing in the jurisdiction to which the entity moved would want to move its (tax) residency. This to minimize the risk that tax authorities might question where the place of effective management of the entity is located. For the same reason I have never been a big fan of using trust offices or their employees as directors of group entities.
The CJEU ruled in Case C-239/22, Belgian State and Promo 54 (VAT – Supply of a building or parts of a building and of the land on which the building stands before first occupation)
- Details
On March 9, 2023 on the website of the Court of Justice of the European Union (CJEU) the judgment of the CJEU in Case C-239/22, État belge versus Promo 54 SA and Promo 54 SA versus État belge, ECLI:EU:C:2023:181, was published.
The CJEU ruled in Case C-42/22, Generali Seguros (VAT – Resale to third parties of parts from written-off motor vehicles purchased from insured persons by an insurance undertaking)
- Details
On March 9, 2023 on the website of the Court of Justice of the European Union (CJEU) the judgment of the CJEU in Case C-42/22, Generali Seguros SA (formerly Global – Companhia de Seguros, SA) versus Autoridade Tributária e Aduaneira, ECLI:EU:C:2023:183, was published.
4 years after the CJEU annulled the EC’s decision not to order Italy to recover the illegal state aid it provided in the form of a real estate tax exemption, the EC has ordered Italy to recover his illegal aid
- Details
On March 3, 2023 the European Commission issued a press release announcing that it ordered has ordered Italy to recover illegal State aid granted to certain non-commercial entities in the form of a real estate tax exemption. This order is the latest development in a case that started already in 2010 (13 years ago). A case in which in 2012 the European Commission concluded that in this specific case, recovery would be absolutely impossible and that it therefore did not order Italy to recover the aid from the beneficiaries. A decision that was subsequently annulled by the Court of Justice of the European Union (CJEU) in 2018.
The CJEU ruled in Case C-16/22, Staatsanwaltschaft Graz (Service des affaires fiscales pénales de Düsseldorf): (European Investigation Order – Concept of ‘judicial authority’ – Concept of ‘issuing authority’)
- Details
On March 2, 2023 on the website of the Court of Justice of the European Union (CJEU) the judgment of the CJEU in Case C-16/22, MS with other as parties Staatsanwaltschaft Graz and Finanzamt für Steuerstrafsachen und Steuerfahndung Düsseldorf, ECLI:EU:C:2023:148, was published.
The CJEU ruled in Case C-695/20, Fenix International (VAT – Provider of services by electronic means – Taxable person, acting in his or her own name but on behalf of another person)
- Details
On February 28, 2023 on the website of the Court of Justice of the European Union (CJEU) the interesting judgment of the CJEU in Case C-695/20, Fenix International Ltd versus Commissioners for Her Majesty’s Revenue and Customs, ECLI:EU:C:2023:127, was published.
