Commission welcomes entry into force of new transparency rules for tax rulings

On the 3 January 2017, the Commission welcomed the entry into force of new rules to ensure that Member States have all the information they need on tax rulings given to multinational companies in other EU countries.

As of 1 January 2017, Member States are obliged to automatically exchange information on all new cross-border tax rulings that they issue. Every six months national tax authorities would send a report to the depository, listing all the cross-border tax rulings that they have issued. Other Member States would then be able to check those lists and to ask the issuing Member State for more detailed information on a particular ruling.

• Primary Source

ESO: Background information: Tax transparency: Commission welcomes agreement reached by Member States on the automatic exchange of information on tax rulings http://www.europeansources.info/record/press-release-tax-transparency-commission-welcomes-agreement-reached-by-member-states-on-the-automatic-exchange-of-information-on-tax-rulings/

ESO: Background information: Cross-border tax rulings: transparency rules adopted http://www.europeansources.info/record/press-release-cross-border-tax-rulings-transparency-rules-adopted/

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