On Wednesday 10 April, the European Parliament adopted (by 443 votes in favour, 110 against and 51 abstentions) its opinion on the HOT Directive aimed at simplifying the taxation of European small and medium-sized enterprises (SMEs). In particular, it calls for the implementation of this text to be accelerated from 1 January 2025, instead of 2026.
Under this text, the profits of SMEs would be taxed entirely in the country where they are based, rather than in all the Member States to which...