#France: Political agreement on the draft VAT Directive “VAT in the digital age” (ViDA) At the ECOFIN Council meeting on 5 November 2024, EU Member States finally reached political agreement on the draft Directive ViDA . The draft is only marginally modified from the version presented at the ECOFIN meeting of 14 May 2024, to which Estonia had refused to give its agreement. Estonia was opposed to the mechanism for making platforms liable to pay VAT when they connect a service provider and his customer for the supply of accommodation or road transport services. With the exception of the digital transaction reporting mechanism, the implementation of the changes provided for in the draft has once again been postponed for a year. Here is a brief summary, prepared by Elisabeth Ashworth (CMS Francis Lefebvre Avocats), of the measures contained in the draft that businesses will need to prepare for, as the principle of adoption has now been established. #CMSlegal #Tax #VAT https://lnkd.in/ezuXX_nT
CMS Tax Group
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About us
Over 500 tax lawyers are supported by strong technical tax intelligence teams that identify developments in tax law and policy affecting your business.
- Website
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https://cms.law/en/INT/global-reach/International/CMS-INT/Tax
External link for CMS Tax Group
- Industry
- Legal Services
- Company size
- 5,001-10,000 employees
- Headquarters
- Global, Global
- Founded
- 1999
- Specialties
- Transfer Pricing, Mergers & Acquisitions, VAT, EU and Treaty Tax Law, Dispute Resolution, Private Clients, and International Taxation
Updates
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#UK: The 2024 Autumn Budget has been one of the most anticipated fiscal events in recent years. Not only is it a post-election Budget – the Labour Party’s first Budget in almost fifteen years – but the length of the period that has elapsed since the election, the Government’s discovery of a £22bn “black hole” in the public finances, and the broad commitments contained in Labour’s manifesto have all contributed to a lengthy period of intense speculation. A summary of the principal changes in Wednesday's Budget announcements, both headline-grabbing announcements and technical developments, can be found here: https://lnkd.in/ekbURP3s Contact Elizabeth Sherwood or Hannah Jones (both CMS UK) to find out more. #CMSlaw #AutumnBudget #Budget2024 #tax #Labour CMS Tax Group
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#UK: Autumn Budget 2024 – Key Tax Announcements The Autumn Budget 2024 unveils significant tax changes that will impact businesses and individuals across the UK. Dive into CMS’s expert analysis to understand how these updates may affect you and your organization. CMS Tax Group CMS UK https://lnkd.in/ec8y77Kx
Autumn Budget 2024 – key tax announcements
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Happening now: Vittoria Segre, Tax partner CMS Adonnino Ascoli & Cavasola Scamoni, is moderating the panel „Increased scrutiny with TP audits - recent experiences in the market“ at ITR (International Tax Review)‘s TP Forum 2024 discussing key trends in tax audits, navigating different approaches across jurisdictions, and how to effectively use tools to manage the growing number of audits. The discussion also covers transfer pricing (TP) developments, tax authorities' positions, and strategies to defend your TP stance. #CMSlaw #TaxAudits #TransferPricing #GlobalTax #AuditStrategy #TaxConference CMS Tax Group
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DAY 1 of ITR (International Tax Review) TP Forum 2024 is underway. We just finished the panel on "TP and Valuations of Intangible Property" which provided valuable insights into the complexities of IP ownership and development, approaches for determining an Arm’s Length Exit Charge, and best practices for handling the sale of IP. Understanding these key areas is crucial for navigating the challenges of transfer pricing and ensuring compliance in today's global tax environment. Thank you Dr. Mohamed Haj-Taieb (CMS Francis Lefebvre Avocats) for participating and contributing. One and a half days left in Amsterdam to go to network, exchange and build relationships. Let's go! Vittoria Segre Tobias Schneider Tanja Schaub Imelda Navarro Arroyo Andréa Rizk Juanita De Francisco Baquero Saverio Brocchi Jan L. Hay CMS Tax Group
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#Italy: New Investment Management Exemption regime in Italy - Scope and comparative aspects with the United Kingdom, Germany and France Italy recently introduced an Investment Management Exemption regime (IME) which provides a protective framework to ensure that foreign investment vehicles (and directly or indirectly controlled entities) do not trigger a permanent establishment (“PE”) where their investment manager, operating in Italy on their behalf or for their benefit, can be assumed to be acting independently. The protective regime eventually became fully operational on 28 February 2024 with the publication of guidelines by the Italian Tax Authorities. In the article, the editorial team outlines the rationale behind this new exemption regime, the requirements to be met and its interaction with general transfer pricing principles. Also the IME is compared with the UK rules, where a protective regime was introduced almost 30 years ago, and the French and German rules, where no protective regime has yet been introduced. Read all the article here: https://lnkd.in/ew9Qx_ET In case of any questions, please feel free to contact the authors: Vittoria Segre Dr. Yvonne Hohler Sebastian Boyxen Howard Mayers Saverio Brocchi CMS Tax Group
New Investment Management Exemption regime in Italy - Scope and comparative aspects with the United Kingdom, Germany and France
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Join our great tax team in Brussels! https://lnkd.in/evJDYt2U #CMSlaw #Tax #hiring CMS Tax Group
Are you a senior tax lawyer with at least 7 years' experience? Join CMS, a fast-growing international law firm! The position is based in Brussels 📍 🚀 Your tasks: You will handle both Belgian and international cases, providing clients with expert tax law advice while collaborating with international firms and local departments. You'll play a key role in cases, working independently under the guidance of a tax partner. 🔎 Profile we are looking for: ➡️ Belgian degrees in law and tax law ➡️ Minimum 7 years' experience in tax law ➡️ Excellent command of French or Dutch and English ➡️ Precision, rigour and initiative ➡️ Managerial skills appreciated Apply here ⬇️ https://lnkd.in/ePDqQdpm #Recruitment #Taxlaw #Brussels #cmslaw
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CMS continued on growth path in 2023: Today, CMS announced revenues for the financial year January-December 2023 of 1.957 billion euros (USD 2.116bn). Read more: https://lnkd.in/ekprfEWc #CMSLaw #Tax #futurefacing CMS Tax Group
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Discover how the #Netherlands treats #cryptoassets as sources of income, with a focus on personal income #tax. With the rapid growth and increasing popularity of #digitalassets, understanding the tax implications of crypto-assets is more important than ever. Our Expert Guide on Taxation of Crypto-Assets will ensure you stay compliant while optimising your financial planning in the world of virtual currencies. By understanding the specific tax rates applicable to crypto-assets and the concept of withholding tax, you can make informed decisions and meet your tax obligations with confidence. Access our Guide here: https://lnkd.in/ep3qkX6C Niels Sopar Stefano Giuliano Dr. Martin Friedberg Dr. Hendrik Arendt CMS Tax Group CMS Netherlands #CMSLaw #CMSTax #incometax #futurefacing
CMS Expert Guide on Taxation of Crypto-Assets
cms.law
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#SouthAfrica: 2024 Draft Tax Legislation National Treasury and the South African Revenue Service released the following draft tax bills and tax regulations: https://lnkd.in/dqCJuZ_W Shaheed Patel and Naledi Mdingi from our Tax team in South Africa are happy to assist you with any queries or comments that you may have in relation to the proposed draft legislation. #cms #cmslaw #tax #exchangecontrol #taxlegislation #nationaltreasury #sars #taxbill #transformtheordinary https://lnkd.in/gvNfsXWA
2024 Draft Tax Legislation
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