Amendment to the Parent-Subsidiary Directive

The EU Council approved the inclusion of a binding minimum anti-abuse clause into the Parent-Subsidiary Directive. The clause will be adopted in a forthcoming Council session, without further discussion.

OECD – Aggressive tax planning

The draft, for discussion, of “Action 4” – Deduction  of interest and other financial payments – of the Base Erosion and Profit Shifting (“BEPS”) Action Plan was published for discussion.

Public discussion will be open until 6 February 2015. On 17 February 2015 will be held in Paris, at the OECD Conference Centre, the public consultation meeting on “Action 4”.

OECD – Settlement of disputes

The draft, for discussion, of “Action 14” – Making dispute resolution mechanisms more effective – of the BEPS Action Plan was published.

Public discussion will be open until 16 January 2015. On 23 January 2015 will be held in Paris, at the OECD Conference Centre, the public consultation meeting on “Action 14”.

OECD – Excise tax

The draft, for discussion, of two new elements of the OECD International VAT/GST Guidelines which address the issue of neutrality was published .

Public discussion will be open until 20 February 2015. On 25 February 2015 will be held in Paris, at the OECD Conference Centre, the public consultation meeting on the above mentioned subject.

OECD – Transfer pricing

The draft, for discussion, of the revisions to Chapter I of the OECD Transfer Pricing Guidelines which address risk, re-characterisation and special measures was published.

Public discussion will be open until 6 February 2015. On 19 and 20 March 2015 will be held in Paris, at the OECD Conference Centre, the public consultation meeting on the revisions.

European Commission – Telecommunication, broadcasting and television and electronic services

The European Commission reminds that the new VAT rules applicable to telecommunica- tions, broadcasting and television and services supplied electronically, enter ed into force on 1 January 2015.

European Commission – VAT legislation on public bodies and tax exemptions in public interest

Public discussion of VAT legislation on public bodies and tax exemptions in the public interest will be open until 25 April 2015.

In the interest of transparency, the European Commission invites all entities who wish to take part on the consultation (non-government organisations, chambers of commerce and commercial companies) to provide to the public with information on their activities, by joining the Interest Representative Register and subscribing to its Code of Conduct.