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Tax

Navigating EU BT 21

The European Commission’s ambitious package for tax reform “Business Taxation for the 21st Century” (BT 21) sets out a framework for transforming the tax system over the coming years, as well as mechanisms for enabling “fair and sustainable” growth.

Against the backdrop of ongoing global discussions proposing wide-reaching tax reform, we expect tax to continue to be headline news.

With major changes to the tax landscape on the horizon, our team can help you navigate through the developments as they unfold.

Tap the panels to read more.

Transforming taxation for MNEs

Sustainability



MAY
2021



Publication of EU BT 21

Commission publishes recommendation on losses

Publication of EU BT 21



JULY
2021



Proposal for a new 'own resources' decision

CBAM proposal

Proposal to revise Emission Trading System

Proposal to amend Energy Taxation Directive



Q3
2021



 

DAC 8 proposal due to be adopted*



Q4
2021



Digital levy proposal to be reviewed

ATAD 3 (shell companies) proposal



2022



DEBRA proposal

OECD Pillar 1 Directive proposal

OECD Pillar 2 Directive proposal

Proposal for changes to Interest and Royalties Directive

Symposium on Changing EU Tax Mix on road to 2050

Proposal for publishing effective tax rates



2023



BEFIT proposal

Proposal to amend VAT Directive (maritime and air passenger transport)*

DAC 7 rules take effect*



2024



Proposal for additonal new 'own resources': potential Financial Transactions Tax and/or Corporate Sector 'own resource'

First Public Country-by-Country reports*

 

Changing tax framework for multinationals

 

Supporting recovery and strengthening the single market

 

Transparency and trust

 

Going green

 

*Indicates measures outside the BT 21 package.
Please note that all dates are indicative only.