TAX SPOC

📢 European Union: Council Adopts New Withholding Tax Procedures via FASTER Directive The EU takes a major step in simplifying cross-border investments and fighting tax fraud. The FASTER directive introduces a digital tax residence certificate (eTRC), fast-track tax relief, and standardized reporting for financial intermediaries. New rules to take effect from January 1, 2030. 🌐 Boosting cross-border investment. Simplifying tax relief. Combating fraud.   🔗 Read the full article on Taxspoc page: https://lnkd.in/dnEp6v6q   #EU #Finance #TaxPolicy #WithholdingTax #CrossBorderInvestment #TaxRelief #FASTERDirective #DigitalTransformation #Taxes #TaxNews

In response to Russia’s ongoing war against Ukraine, the EU has adopted its 15th sanctions package, intensifying trade restrictions and targeting sanctions evasion. The new measures include expanded export restrictions, anti-suit injunctions, and efforts to safeguard European businesses from legal risks. With a focus on curbing Russia’s access to critical resources, these actions aim to disrupt Russia’s war economy and protect the EU market’s integrity. Read more of TAXSPOC: https://lnkd.in/dYgpjaWN #EUSanctions #Russia #Ukraine #TradeRestrictions #EconomicMeasures #SanctionsEvasion #GeopoliticalStrategy

The UAE Ministry of Finance has announced significant updates to the corporate tax law, introducing a Top-up Tax aimed at multinational enterprises (MNEs) to align with global tax standards, including the OECD Pillar Two rules. This reform seeks to enhance tax transparency and fairness while improving the UAE's business environment.   Read more at TAXSPOC portal: https://lnkd.in/dbtiJBad   #UAE #CorporateTax #OECD #TaxCompliance #GlobalTaxStandards #TopUpTax #OECDPillarTwo #TaxTransparency #Taxes

The European Union Council introduces a new directive for an electronic VAT exemption certificate, streamlining procedures and reducing administrative burdens. This move is part of the VAT in the Digital Age (VIDA) package, aligning with modernization goals. 🔗 Read more: https://lnkd.in/dNzvMv78 #EU #VAT #Directive #Digitalization #Efficiency #TaxPolicy #Taxes #VIDA #Embassies #ArmedForces #Modernization #DigitalAge

U.S. Strengthens Export Controls on Semiconductor Technology! The Biden Administration announces sweeping measures to curb China’s access to advanced semiconductor technology, safeguarding national security and limiting military modernization. Learn about the new export controls, the Entity List updates, and their global implications.   🔗 Read the full article here: https://lnkd.in/dRzgKuB9 #Semiconductors #ExportControls #NationalSecurity #Technology #AI #Customs

📊 Transfer Pricing and Tax Compliance in #Morocco Dr. Hassane EDDASSI PhD, MA, MBA., Economist and Head of a Regional Tax Department at Morocco’s Ministry of Finance, explores Morocco's evolving transfer pricing framework, its alignment with #OECD guidelines, and the real-world implications for multinational businesses navigating this tax landscape. Key highlights include: ✅The evolution of Morocco’s transfer pricing laws ✅Adoption of OECD BEPS standards and compliance requirements ✅Challenges businesses face and the role of technology in ensuring compliance Stay informed on the critical developments impacting businesses operating in Morocco. 🔗 Read more:https://lnkd.in/d9nv9Ckh #TaxCompliance #TransferPricing #InternationalTax #BEPS #Taxes

🇪🇺 The EU’s VAT gap reached €89.3 billion in 2022 – a stark reminder of the need for tighter compliance measures to recover lost revenue. #TaxNews #VAT #TaxCompliance #Taxes

#China Implements New Export Control Regulations China’s updated Export Control Regulations on Dual-Use Items, effective December 1, 2024, introduce sweeping changes. These regulations streamline licensing systems, tighten end-user controls, and consolidate control lists. High-tech industries, including semiconductors, AI, and quantum computing, face increased scrutiny.   Compliance is non-negotiable, with fines up to RMB 3 million for violations. Businesses must proactively manage risks, adopt robust compliance practices, and stay ahead of changes.   Get the full analysis on TAXSPOC: https://lnkd.in/dUnpBdRe   #ExportControl #Compliance #DualUseItems #HighTech #Regulations

EU Abstains on UN Tax Cooperation Resolution   The European Union and its Member States have abstained from voting on the UN General Assembly 2nd Committee resolution on tax cooperation, voicing “serious outstanding reservations.” Key concerns include the lack of transparency and emphasis on consensus-based decision-making.   While expressing commitment to fostering international tax cooperation, the EU highlighted reservations about specific provisions and the resolution’s drafting process. Conditional engagement remains on the table as the Union calls for a framework rooted in fairness and inclusivity.   Read the full story on Taxspoc: https://lnkd.in/dbmDrsVf   #EU #UN #GlobalGovernance #InternationalTax #TaxPolicy #Taxes

🌍 OECD Tax Revenue Trends for 2023 Discover the latest insights from the OECD’s Revenue Statistics 2024 and Consumption Tax Trends 2024. Key highlights include stable tax-to-GDP ratios, the growing role of VAT revenues, and reforms to address digital economy challenges. 🌐 Read more on the evolving landscape of global tax policy: https://lnkd.in/dSCpzgR2 #OECD #TaxPolicy #VAT #HealthTaxes #GlobalEconomy #TaxReforms