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Image header Agence Europe
Europe Daily Bulletin No. 13227
Contents Publication in full By article 42 / 47
NEWS BRIEFS / Taxation

European Commission sends letter of formal notice to 17 Member States on tax transparency

20/07/2023 (Agence Europe)On Thursday 20 July, the European Commission sent a letter of formal notice to 17 Member States for failing to notify it of national measures to fully transpose the directive aimed at increasing public country-by-country reporting (CbCR). Belgium, Bulgaria, Estonia, Greece, Croatia, Italy, Cyprus, Latvia, the Czech Republic, Luxembourg, Malta, the Netherlands, Austria, Poland, Portugal, Slovenia and Finland have not yet implemented the directive, the deadline for which was Thursday 22 June 2023. At the same time, the Commission took the initiative of sending the other Member States an information letter aimed at avoiding over-regulation (‘gold plating’). This approach was the subject of a debate with the European Parliament during the plenary session in Strasbourg on Thursday 13 July (see EUROPE 13223/8). (AD)

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