14 MARCH 2022 | TAX NEWS
The European Parliament voted on 10 March 2022 to adopt two reports containing recommendations on reforming withholding taxes and simplifying tax systems in the EU.
Members welcomed the Commission’s intention to present, by the end of 2022, a proposal establishing a common and standardized system for withholding taxes, accompanied by a mechanism for the exchange of information and cooperation among tax administrations of Member States. They urged the Commission, with full respect for EU competences, to strive also to tackle divergences in withholding taxes in the EU.
The Commission is called on to:
Members welcomed the Commission’s proposed option to establish a fully fledged common EU relief-at-source system, which could be a reliable solution in the long term.