EU ”Package for fair and simple taxation” – Status at the end of 2020

In July 2020, the European Commission a so-called ”Package for fair and simple taxation”, including action plans on both direct and indirect taxation which will be worked in 2 phases. First phase will be 2020 and 2021, second phase is for 2022-2023

See European Commission issued Package for fair and simple taxation – VAT priorities ….. have a look!!

At the end of 2020, following actions have been taken:

• Action #10: Roadmap has been publised on ”Update the directive on administrative cooperation” – Public consultation will take place First Quarter of 2021
  • EU – Tax fraud & evasion – strengthening rules on administrative cooperation and expanding the exchange of information – Feedback on Roadmap published
• Action #17: Public consultation has been launched on ”Charter on taxpayer’s rights”. Input from 2 organizations has been published. We assume more input received will be published soon
  • EU taxpayers’ rights in the single market – public consultation
  • EU taxpayers’ rights – simplified procedures for better tax compliance (Recommendation) – Public consultation
• Action #18: Update VAT rules on Financial Services: Public consultation has taken place and results are publicly available
  • EU VAT Action Plan – VAT rules for financial and insurance services – Comments of public consultation published
• Action #19: Transforming the status of the VAT Committee
  • One December 18, 2020, theEuropean Commission adopted proposal to adapt decision-making process for interpreting certain VAT concepts (VAT Committee) – Commission Adoption is open for feedback.