Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » EU to put off new tax rules due to coronavirus crisis

    EU to put off new tax rules due to coronavirus crisis

    npsBy nps12 May 2020Updated:25 June 2024 No Comments2 Mins Read
    — Filed under: EU News Headline1 SMEs Tax
    Share
    Facebook Twitter LinkedIn Pinterest Email
    EU to put off new tax rules due to coronavirus crisis

    Tax calculator

    (BRUSSELS) – The EU Commission decided Friday to postpone entry into force of two EU taxation measures to take account of difficulties businesses and Member States are currently facing with the coronavirus crisis.

    First, the Commission proposed to postpone the entry into application of the VAT e-commerce package by 6 months.

    These rules will now apply as of 1 July 2021 instead of 1 January 2021, giving Member States and businesses more time to prepare for the new VAT e-commerce rules.

    Second, the Commission decided to propose deferring certain deadlines for filing and exchanging information under the Directive on Administrative Cooperation (DAC).

    Based on the proposed changes, EU Member States will have three additional months to exchange information on financial accounts of which the beneficiaries are tax residents in another Member State.

    Similarly, Member States will have three additional months to exchange information on certain cross-border tax planning arrangements.

    The Commission says it remains committed to fighting against tax evasion and avoidance. Both the European Parliament and the Council have been informed about these proposals.

    The EU executive adds that it counts on both institutions to adopt these proposals as soon as possible in order to provide legal certainty to all stakeholders.

    VAT e-commerce

    Administrative cooperation in (direct) taxation in the EU

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Sustainable finance - Image by Nattanan Kanchanaprat from Pixabay

    Brussels eases corporate sustainability reporting requirements

    Tochytskyi - Micallef - Ukraine Recovery Conference - Photo © European Union 2025

    EU offers support for Ukraine culture and heritage

    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Poor GDP performance marks end of tough week for the Pound – Euro currency news daily

    Ukraine Recovery Conference - Photo © European Union 2025

    EU announces EUR 2.3 billion package for Ukraine recovery

    Ecommerce - Photo by AS Photography on Pexels

    Euro-Parliament moves to stop sub-standard products from outside EU

    Deforestation - Image by Robert Jones from Pixabay

    EUDR saga: Parliament votes to undermine enforcement and EU credibility

    Sponsor: WWF European Policy Office9 July 2025
    LATEST EU NEWS
    Sustainable finance - Image by Nattanan Kanchanaprat from Pixabay

    Brussels eases corporate sustainability reporting requirements

    11 July 2025
    Tochytskyi - Micallef - Ukraine Recovery Conference - Photo © European Union 2025

    EU offers support for Ukraine culture and heritage

    11 July 2025
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Poor GDP performance marks end of tough week for the Pound – Euro currency news daily

    11 July 2025
    Ukraine Recovery Conference - Photo © European Union 2025

    EU announces EUR 2.3 billion package for Ukraine recovery

    10 July 2025
    Ecommerce - Photo by AS Photography on Pexels

    Euro-Parliament moves to stop sub-standard products from outside EU

    10 July 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Design and developed by : 

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?