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Common Consolidated Corporate Tax Base (CCCTB)

In October 2016, the Commission proposed to re-launch the Common Consolidated Corporate Tax Base.

What is the Common Consolidated Corporate Tax Base (CCCTB)?

The Common Consolidated Corporate Tax Base (CCCTB) is a single set of rules to calculate companies’ taxable profits in the EU.

With the CCCTB, cross-border companies will only have to comply with one, single EU system for computing their taxable income, rather than many different national rulebooks.

Companies can file one tax return for all of their EU activities, and offset losses in one Member State against profits in another.

The consolidated taxable profits will be shared between the Member States in which the group is active, using an apportionment formula. Each Member State will then tax its share of the profits at its own national tax rate. Read more

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Fair Taxation of the Digital Economy

On 21 March 2018, the European Commission proposed new rules to ensure that digital business activities are taxed in a fair and growth-friendly way in the EU.

  • Proposal for a COUNCIL DIRECTIVE laying down rules relating to the corporate taxation of a significant digital presence.
    • Annexes to the Proposal
  • Proposal for a COUNCIL DIRECTIVE on the common system of a digital services tax on revenues resulting from the provision of certain digital services.
  • Impact Assessment
  • Summary of the Impact Assessment
  • Commission Recommendation relating to the corporate taxation of a significant digital presence.
  • Communication from the Commission
    • Annex to the Communication

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The Anti Tax Avoidance Directive

On 28 January 2016 the Commission presented its proposal for an Anti-Tax Avoidance Directive as part of the Anti-Tax Avoidance Package. On 20 June 2016 the Council adopted the Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market.

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The Greek Golden Visa Program: Residence Permit by Investment

The most attractive sectors for investments in Greece include the sectors in which Greece has competitive advantages under international standards. Taking into consideration the current financial situation and traditional strengths of the Greek economy, one could mention among others: tourism and real estate, food and agriculture, renewable energy sources, technology and ICT, environmental management, export oriented manufacturing and life sciences.
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Deduction coefficient of VAT on gasoline from 2018

Article 31 of the Finance Act for 2017 (Law No. 2016-1917 of 29 December 2016), modified the deduction coefficient of French VAT on gasoline consumed for business purpose to 20% for 2018 including for commercial vehicles and other vehicles eligible for VAT recovery, whereas no VAT deduction on gasoline was possible for these vehicles until now. Read more