EU Mandatory Disclosure Requirements - An Update

Mandatory disclosure requirements (MDR) for intermediaries and relevant taxpayers entered into force in EU on 25 June 2018 and must be implemented by all Member States before 31 December 2019. The new rules will apply as from 1 July 2020.

The Protocol to the Cyprus / Ukraine Double Tax Treaty Has Now Been Ratified

The Protocol was agreed in 2015 and was ratified by the Cypriot Government on 11 December 2015. On 30 October 2019, the Ukrainian parliament approved the ratification of the protocol.

Malta introduces the Patent Box Deduction

Malta recently introduced the Patent Box Deduction rules, which allow taxpayers actively involved in the development and exploitation of IP to opt for the application of special rules on calculating deductions.

Automatic Exchange of Information (CRS) – Status of Implementation

Status of Implementation.

The EU General Court Issues Decision on Starbucks and Fiat Cases

The EU general court rejected on 24 September 2019 the European Commission’s decision that Starbucks had enjoyed a selective advantage in the Netherlands but confirmed assessment that Fiat had benefited from an unlawful tax ruling in Luxembourg.

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