Ebba Perman Borg
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Stockholm
Newsletter
by Ebba Perman Borg, Victor Elovsson and Maria Ström
Published:
On 12 September 2023, the European Commission presented its proposals for common rules on determining the corporate tax base for certain EU-based entities, and common rules for determining the transfer pricing approach for certain EU-based entities.
The proposed Business in Europe: Framework for Income Taxation (BEFIT) Directive aims to standardise how corporate tax bases are determined for EU-based entities that are part of a group with global consolidated revenues above a certain threshold. Profits will be allocated to Member States and taxed at their respective rates.
Some of the key points of the BEFIT proposal include:
The Transfer Pricing Directive (TP Directive) aims to align the EU with OECD principles, introducing uniform rules for determining transfer pricing methods with the aim to harmonise and reduce compliance costs for businesses.
Some of the key points of the TP Directive proposal include:
The European Commission intends to initiate public consultation processes for the two proposals, allowing stakeholders to provide feedback.
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