• Proposed EU Directive to prevent the misuse of shell entities for tax purposes

    Entities that do not fulfil basic economic substance indicators, would then be prevented from receiving a tax residence certificate, and other tax relief and tax advantages designed to support actual businesses performing real economic activity.

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Proposed EU Directive to prevent the misuse of shell entities for tax purposes

08 February 2022

The proposed new measures will establish transparency around the use of shell entities, so that their abuse can be more easily detected and tackled by tax authorities. Using a number of objective indicators related to income, staff and premises, the proposal will help national tax authorities to detect entities that exist merely on paper.

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