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On July 18, 2016 the OECD released a public discussion draft titled: “BEPS Action 4 - discussion draft Approaches to address BEPS involving interest in the Banking and Insurance sectors”. Interested parties had until September 8, 2016 to submit their comments. The OECD has now published the comments it received on the document.
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On September 15, 2016 the European Commission issued a press release announcing it launched work to create the first common EU list of non-cooperative tax jurisdictions. At the same time the European Commission also released a so-called Scoreboard.
In the press release the European Commission states that it is forging ahead with work to draw up a first common EU list of non-cooperative tax jurisdictions by presenting a pre-assessment ('scoreboard of indicators') of all third countries according to key indicators.
According to the press release the aim is to publish the definitive list of non-cooperative jurisdictions by the end of 2017.
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On September 15, 2016 the Court of Justice of the European Union (CJEU) judged in Case C-518/14 Senatex GmbH versus Finanzamt Hannover-Nord (ECLI:EU:C:2016:691).
This request for a preliminary ruling concerns the interpretation of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (OJ 2006 L 347, p. 1).
The request has been made in proceedings between Senatex GmbH and the Finanzamt Hannover-Nord (Hannover-Nord Tax Office, Germany, ‘the tax office’) concerning the tax office’s refusal to allow the deduction of input value added tax (VAT) paid by Senatex for the years in which the invoices held by Senatex were issued, on the ground that in their original form they did not satisfy the requirements of national tax legislation.
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On September 15, 2016 the Court of Justice of the European Union (CJEU) judged in Case C-516/14 Barlis 06 — Investimentos Imobiliários e Turísticos SA versus Autoridade Tributária e Aduaneira (ECLI:EU:C:2016:690).
This request for a preliminary ruling concerns the interpretation of Article 178(a) and Article 226(6) of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (OJ 2006 L 347, p. 1).
The request has been made in proceedings between Barlis 06 — Investimentos Imobiliários e Turísticos SA (‘Barlis’) and the Autoridade Tributária e Aduaneira (Tax and Customs Authority, Portugal) concerning the authority’s refusal to allow the deduction of input value added tax (VAT) paid by Barlis as the recipient of legal services rendered by a firm of lawyers, on the ground that the invoices issued by them did not satisfy the formal requirements laid down by national legislation.
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On September 14, 2016 the OECD published a press release announcing that on that same date Pakistan signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Therewith the total number of signatories to the convention comes to 104.
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