European Council

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European Council reaches agreement on updated rules for VAT rates

The European Council reached agreement on a proposal to update EU rules on rates of value added tax (VAT). The new rules reflect member states’ current needs and the ... Read More
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EU removes Belize from its Tax Haven Blacklist

The European Council agreed to remove Belize from the EU’s list of non-cooperative tax jurisdictions. North Macedonia meets commitments. Belize has passed the necessary reforms to improve its tax ... Read More

All you need to know about Article 50 and the Brexit process

The formal two-year process governing Britain’s departure from the European Union (EU) begins when Article 50 of the Treaty of Lisbon, which became law in 2009, is triggered on ... Read More
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European Council Endorses Exchange Of Beneficial Ownership Data

The European Council has endorsed a proposal to grant tax authorities access to information held by authorities responsible for the prevention of money laundering. Where a financial account holder ... Read More

EU Agrees Criteria for the establishement of ‘Tax Haven’ Blacklist

Taxation: European Council agrees criteria for the screening of third country jurisdictions On 8 November 2016, the Council agreed on the criteria and the process for the establishment of ... Read More
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European Council approves VAT rules on vouchers

On 27 June 2016, the Council adopted a directive aimed at increasing legal certainty for transactions involving vouchers by harmonising national VAT rules in this area. The directive sets out ... Read More
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Better law-making agreement adopted by the Council

The Council, the European Parliament and the Commission will cooperate more closely to ensure a better delivery to European citizens and businesses. That is the main purpose of a ... Read More

ECOFIN: Main results on Tax Rulings

The Council took a number of decisions on corporate taxation. It adopted a directive on cross-border tax rulings, which will improve transparency on tax rulings given by member states to ... Read More
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EU finances the Single Resolution Fund

ECOFIN Ministers reaffirm the importance of deepening the Banking Union in the context of a well-functioning Economic and Monetary Union. Following the successful establishment of the Single Supervisory Mechanism ... Read More
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Eurogroup statement on Cyprus, 18 June 2015

The Eurogroup welcomes the institutions’ conclusion following the sixth review mission that Cyprus‘ adjustment programme has been brought back on track. The fiscal performance continues to be solid, the ... Read More
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