International tax advice infringements will affect 8 of the EU Member States
The European Commission has already released the infringement package for the month of May. Through this document, the body may take legal action against member states that have failed to comply with the regulations of the European Union (EU).
Ireland, the Czech Republic, Luxembourg, Austria, Poland, Estonia, Greece or the United Kingdom have been some countries that have already received the Commission's letter for non-compliance with the Fifth Directive against Money Laundering. These countries may notify the Commission of the transposition of the Directive within two months. Otherwise, the Commission will send a reasoned opinion to these countries.
In the case of Luxembourg and Portugal, they have received a letter of formal notice for the sole purpose of correctly transposing the limitation on interests rule of the Anti-Tax Avoidance Directive (Council Directive (EU) 2016/1164). In addition, a report has been sent to Romania to provide adequate information technology systems for monitoring products subject to excise duties (tobacco, alcohol, energy) within the EU.
Finally, the Netherlands has been denounced before the Court of Justice for the breach of the fundamental freedoms of the EU. More specifically, this country has taxed the transfer of pension capital to other Member States, but this has not been the case for national transfers.
B Law & Tax
International Tax & Legal Advisors.