Last month, the European Court of Justice ruled that EU member states must require employers to systematically record the amount of time worked by each employee on a daily basis.
The EU Joint Transfer Pricing Forum (JTPF) has finalized a report titled A Coordinated Approach to Transfer Pricing Controls Within the EU. This report consists of a proposed framework and guidelines for coordinating transfer pricing controls within EU member states. It is likely to prove influential in shaping future EU transfer pricing policy.
Amendments and guidelines were recently published regarding the two new corporate income tax surtaxes for large companies.
Simplified valued added tax regulations for e-commerce have been adopted by the Council of the European Union.
Parliament has passed the European Union (Withdrawal) Bill.
Employers with a headcount under 20 are now able to negotiate a collective bargaining agreement.
On September 21, 2017, the European Commission (EC) released a paper on the fair taxation of the digital economy.
On April 26, 2017, the lower house of the Dutch parliament adopted a bill implementing EU directive 2016/881
On May 7, 2017, France elected a new president, Emmanuel Macron.
The UK government published a white paper, ”The Great Repeal Bill,” which will have the effect of transferring EU laws, which the UK is currently bound by, into UK law once the UK leaves the EU.
The Cyprus tax authority announced that the previously agreed minimum profit margins on back-to-back intragroup financing will cease to apply from July 1, 2017.
On Wednesday, March 29, British prime minister Theresa May delivered (via the UK’s EU representative Sir Tim Barrow) a letter to the president of the European Council of EU leaders.