Draft EU Directive on mandatory automatic exchange of tax rulings

On 18 March 2015, the European Commission published a proposal for a Council Directive (the “Proposal”) amending the current Directive 2011/16/EU as amended by Directive 2014/107/EU on administrative cooperation in the field of taxation (the “Administrative Cooperation Directive”).

If adopted, the Proposal will provide for a specific requirement for Member States to automatically communicate, on a quarterly basis and following a standard format, a predefined set of information on all of their advance cross-border tax rulings and advance pricing arrangements, including those which were issued during the last 10 years but remain valid on 1 January 2016.

Click
here to read more on the potential impact of the directive on the Belgian Market.

For more information, please contact Henk Vanhulle (+32 2 501 91 58) or Nicolas Lippens (+32 2 501 90 94).