On July 19, 2016 the Council Directive (EU) 2016/1164 of 12 July 2016 laying down rules against tax avoidance practices that directly affect the functioning of the internal market was published in the Official Journal of the European Union (Volume 59).
The Directive contains measures against tax avoidance in the areas of:
· An interest limitation rule
· An exit taxation
· A general anti-abuse rule
· A controlled foreign company rule
· Hybrid mismatches
The EU Member States have until December 31, 2018 to adopt and publish the laws, regulations and administrative provisions necessary to comply with this Directive. They shall apply those provisions from January 1, 2019.
Click here to be forwarded to the text of Council Directive (EU) 2016/1164 of 12 July 2016 laying down rules against tax avoidance practices that directly affect the functioning of the internal market.
If you are interested in quickly finding the texts of other Directives then check our section European Union. Soon we will also add the text of this Directive to that section.
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