The Council of the European Union formally adopted, on Wednesday 24 June, the amendment to the 2011 Directive on administrative cooperation which defers certain time limits for the filing and exchange of information in the field of taxation due to the Covid-19 pandemic (see EUROPE 12483/7).
Member States have chosen to defer the time limits proposed by the Commission by 3 months each time, i.e. 6 months later than the time limits under the 2011 Directive (see EUROPE 12496/13).
They retain the possibility of extending the proposed periods once and for a maximum of three additional months by a unanimous EU Council implementing decision.
See adopted text: https://bit.ly/2NpucUp
VAT. On the same day, Member States' Ambassadors to the EU (Coreper) agreed to the Commission's proposal to postpone the entry into force of the legislative package on the modernisation of VAT for cross-border e-commerce (see EUROPE 11919/3) for 6 months, again because of the Covid-19 pandemic (see EUROPE 12505/6).
The new rules will apply from 1 July 2021 instead of 1 January 2021. The text still needs to be formally adopted by the EU Council. (Original version in French by Marion Fontana)