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On December 14, 2021 the OECD/G20 Inclusive Framework on BEPS released the 2020 Peer Review Reports on the Exchange of Information on Tax Rulings (Inclusive Framework on BEPS: Action 5). The report contains the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings.
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On December 16, 2021 the Advocate General to the CJEU is expected to deliver 2 opinions on appeals that were filed against the judgment of the General Court of September 24, 2019 in the joined Cases T-755/15 and T-759/15 (Luxembourg and Fiat Chrysler Finance Europe versus the European Commission).
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On December 13, 2021 the OECD released the second batch of updated transfer pricing country profiles for Austria, Belgium, Bulgaria, France, Georgia, Germany, Indonesia, Ireland, Italy, Latvia, Malaysia, Mexico, Peru, Poland, Seychelles, Singapore, South Africa and Sweden. Today’s release also includes for the first time country profiles for Albania, Kenya and the Maldives, bringing the total number of countries covered to 63.
Read more: The OECD releases 3 new and 18 updated updated transfer pricing country profiles
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On November 15, 2021 we reported that on that same date Royal Dutch Shell issued a press release announcing that it during its General Shareholders Meeting of December 10, 2021 Royal Dutch Shell seeks shareholder approval to change its Articles of Association to allow the simplification of the company’s structure.
The proposed simplification of the company’s structure a.o. includes:
· The proposal will establish a single line of shares to eliminate the complexity of Shell’s A/B share structure.
· The proposal will also align Shell’s tax residence with its country of incorporation in the UK, where it will hold Board and Executive Committee meetings, and locate its chief executive and chief financial officer.
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Occasionally one stumbles over a court case that makes one wonder how it is possible that the case ended up in court. This week I had that when I stumbled over a judgement of the District Court of The Hague in a case in which the Dutch tax authorities accused a ‘multinational group’ of establishing a group structure with as main purpose to avoid taxes. In its judgment the District Court of The Hague amongst others ruled that in the underlying case a later change in regulations do not allow an avoidance motive to arise with retroactive effect.
Read more: How the hell did this ‘international tax avoidance’ case end up in court?
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Op 9 december 2021 heeft de Nederlandse overheid een openbare consultatie geopend met betrekking tot het conceptwetsvoorstel: Wet implementatie betalingsdienstverleners. De consultatieperiode tot en met 20 januari 2022. Reacties zullen worden gepubliceerd tijdens de loop van de consultatie en alleen die reacties worden gepubliceerd waarvan door de inzender is aangeven dat deze openbaar mogen zijn.
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Op 9 december 2021 heeft de Nederlandse overheid een openbare consultatie geopend met betrekking tot het conceptwetsvoorstel: Wet implementatie richtlijn kleineondernemersregeling. De consultatieperiode tot en met 20 januari 2022. Reacties zullen worden gepubliceerd tijdens de loop van de consultatie en alleen die reacties worden gepubliceerd waarvan door de inzender is aangeven dat deze openbaar mogen zijn.
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Op 9 december 2021 heeft de Nederlandse overheid 2 openbare consultaties geopend met betrekking tot 2 wetsvoorstellen die fiscale impact hebben. De eerste consultatie betreft een conceptwetsvoorstel: “Wet implementatie betalingsdienstverleners”. De tweede consultatie betreft een conceptwetsvoorstel: “Wet implementatie richtlijn kleineondernemersregeling”. Voor beide consultaties loopt de consultatieperiode tot en met 20 januari 2022. Voor beide consultaties geldt dat reacties worden gepubliceerd tijdens de loop van de consultatie en dat alleen die reacties worden gepubliceerd waarvan is aangeven, door de inzender, dat deze openbaar mogen zijn.
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On December 9, 2021, on the website of the Court of Justice of the European Union (CJEU) the judgment of the Court in Case C- 154/20 Kemwater ProChemie s. r. o. versus Odvolací finanční ředitelství (Appellate Tax Directorate, Czech Republic) (ECLI:EU:C:2021:989), was published.
Introduction
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 Kemwater ProChemie s. r. o. and the Odvolací finanční ředitelství (Appellate Tax Directorate, Czech Republic) (‘the Tax Directorate’) concerning the refusal of the right to deduct input value added tax (VAT) paid in respect of the supply of advertising services carried out in 2010 and 2011.
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On December 7, 2021 the Swiss State Secretariat for International Finance issued a press release announcing that the protocols amending Switzerland's double taxation agreements (DTAs) with Cyprus, Malta and Liechtenstein have entered into force. Most of the provisions of these amending protocols will apply from January 1, 2022, although some provisions are applicable from the date of entry into force.
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