Companies preparing for the European Union’s implementation of the global minimum tax should be aware of a number of provisions in other EU laws that could affect the calculation of the effective tax rate, the business group Accountancy Europe said Wednesday.
Examples include double tax-relief provisions for dividends in the EU Parent-Subsidiary Directive (2011/96/EU), asset-valuation rules in the Anti-Tax Avoidance Directive ((EU) 2016/1164), and an EU plan to create a tax allowance for equity investment, the group said in a fact sheet issued.
It is “uncertain” how the EU’s implementation of the minimum tax would ...