News › Weekly Alert Article

Agreement reached on BEPS implementation

Luxembourg

Taxand Luxembourg looks at the agreement finally reached on BEPS implementation at EU level.

Following 2 ECOFIN meetings on 25 May 2016 and 17 June 2016, the EU Ministers were not able to reach an agreement on any of the compromise texts of th Anti-Tax-Avoidance Directive (ATAD) proposal presented by the Dutch Presidency.

However, in a final Cinderella-like flourish, on the stroke of midnight on 20 June, the amended proposal produced over the weekend was transformed, deemed to have recieved political agreement.

Following a few procedure steps, the directive should be adopted by the EU Council shortly. 

Discover more: Agreement reached on BEPS implementation


Your Taxand contacts for further queries are:
Keith O’Donnell
T. +352 26 940 257 
E. keith.odonnell@atoz.lu

Oliver R. Hoor
T. +352 26 940 646 
E. oliver.hoor@atoz.lu

Samantha Schmitz-Merle
T. +352 26 940 235 
E. samantha.merle@atoz.lu

Quality tax advice, globally

 

Taxand's Take

While the implementation date is two and a half years away, businesses should start reviewing potential impacts now. 

Taxand's Take Author

Keith O'Donnell
Taxand Board member & Taxand global real estate tax service line leader
Luxembourg

Access Taxand's Take

Access Taxand's Take

Register to receive Taxand’s latest opinion on topical tax news