EU: European Commission puts forward proposal (DAC9) to simplify Pillar 2 implementation

The European Commission has proposed amendments to the European Union (“EU”) Directive on administrative cooperation in taxation (“DAC9”). These changes aim to facilitate the exchange of top-up tax information between Member States and allow multinational enterprises to switch from local to central filing.

Once adopted by the Council of the EU and the EU Parliament, governments have until 31 December 2025 to implement DAC9. Thus, multinational enterprises and large domestic groups will be able to file a single top-up tax information return in one EU Member State instead of multiple filings across different Member States.

8 August 2024

ASIA: India has no plans to regulate crypto sales and purchases

Despite tightening measures against money laundering and terrorism financing, India has no immediate plans to regulate cryptocurrency transactions. The Indian government revealed it has no immediate

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13 March 2024

EU: EU Seeks New Ways to Help Ukraine

The European Union is moving forward on various fronts to maintain support for Ukraine, but the bloc’s attempts have fallen short in the face of the increasingly challenging situation on the battlefield

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14 February 2024

SINGAPORE: Singapore’s carbon tax hike will drive innovation

Last month’s steep increase in Singapore’s carbon tax illustrates the commitment the country has made to bringing about a carbon-neutral future. Without government intervention and regulation,

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1 February 2024

EUROPE: Incoming ESG data reforms “a big task” for European banks

European financial institutions will have to assess whether ESG risks could threaten their business models and risk profiles under draft rules tabled by the EU’s top banking regulator. The European

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