Tax & Accounting Blog

Austrian Ministry of Finance Issues Draft Transfer Pricing Documentation Legislation

Austrian Ministry of Finance Issues Draft Transfer Pricing Documentation Legislation

On May 11, 2016, the Austrian Ministry of Finance published a draft version of the EU Tax Amendment Act 2016 (EU-Abgabenänderungsgesetz 2016) and submitted it for approval. The draft bill provides for the implementation of country-by-country reporting (CbCR), as recommended by OECD BEPS Action 13 and the implementation of the Directive … Read More

Greek Parliament Approves VAT Changes

Greek Parliament Approves VAT Changes

Late last Sunday night the Greek Parliament approved a new Bill aimed to comply with fiscal targets agreed with its creditors. On negotiations held last month Greece and the representatives of the institutional creditors (European Commission, European Central Bank, International Monetary Fund and European Stability Mechanism) agreed on different measures worth 2.7 billion … Read More

EU VAT Compliance: How Many Boxes does a VAT Return Need?

EU VAT Compliance: How Many Boxes does a VAT Return Need?

In 2013 the European Commission (the Commission) announced a plan to standardize and simplify the VAT returns amongst the Member States in order to diminish the administrative burden faced by the businesses in the European Union (EU) by establishing a uniform set of rules for filling VAT returns. However, after years of discussion, the Commission … Read More