On 10 July 2026, the European Securities and Markets Authority published the first set of market capitalisation figures and ratios for EU Member States under the FASTER Directive, Council Directive (EU) 2025/50. The figures cover reference years 2024 and 2025, and they start a multi-year clock that will decide which national markets have to build…
The first thing a reporting team does wrong with the EU tax simplification package is treat it as a deadline. It is not. On 24 June 2026 the European Commission published two proposals, a Direct Taxation Omnibus and a recast of the Directive on Administrative Cooperation, and a proposal changes nothing about what you file…
Get CBAM indirect emissions wrong and the error does not show up as a rejected file. It shows up later, as a number on a CBAM declaration that you cannot defend, or as a default value you paid for because the supplier data never arrived. The Carbon Border Adjustment Mechanism has moved from its quiet…
Miss a DAC6 filing in Luxembourg and the Administration des contributions directes (ACD) can impose penalties of up to EUR 250,000. The ACD has been reviewing filings since the regime went live, including cross-border arrangements falling within the initial retroactive lookback period. For tax advisers, law firms, banks, and fund administrators in Luxembourg, DAC6 is…
Introduction The Crypto-Asset Reporting Framework (CARF) represents a fundamental shift in how crypto-asset transactions are reported across borders for tax purposes. Developed by the OECD and endorsed by the G20, CARF establishes a common standard for automatic exchange of information about crypto-asset transactions – similar in scope to the Common Reporting Standard (CRS) that transformed…