EU hits US, Chinese chemicals with heavy duties amid wave of future controls
Regulatory activity in the European Union this week was marked by a dual-pronged tightening of trade policy. The most immediate impact came from the imposition of severe new anti-dumping duties on key chemicals imported from the United States,
See MoreEU adopts regulation reducing tariffs on selected US imports
The EU has adopted Regulation (EU) 2026/1455 on 25 June 2026, introducing reduced customs duties on a wide range of goods originating from the US to support stronger bilateral trade relations. The regulation reduces the Common Customs Tariff to
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European Commission releases final report on ATAD evaluation
The European Commission has published its final evaluation report on the Anti-Tax Avoidance Directive (ATAD) on 25 June 2026, covering the period from 1 January 2019 to mid-2025. The report assesses the effectiveness of ATAD in meeting its
See MoreEC proposes tax simplification package to streamline compliance, boost competitiveness
The European Commission adopted an ambitious tax simplification package on 24 June 2026, that includes two legislative proposals aimed at simplifying EU tax rules: reducing compliance burdens for businesses, and strengthening the competitiveness of
See MoreEU reportedly considers tariffs on Chinese hybrid vehicles amid trade tensions
The European Commission is preparing additional trade duties targeting Chinese-made plug-in hybrid vehicles, according to a report by the German business publication Handelsblatt on 19 June 2026. The announcement comes as EU leaders intensify
See MoreCJEU Advocate General supports Luxembourg’s ATAD transposition on securitisation entities from interest limitation rules
The Advocate General (AG) Juliane Kokott of the Court of Justice of the European Union (CJEU) has issued her opinion in Case C-138/24, involving an infringement claim by the European Commission against the Grand Duchy of Luxembourg on 18 June
See MoreEU issues Pillar Two compliance manual for 14 member states
The European Commission released a country-by-country compliance guide for multinationals navigating the EU's new global minimum tax framework on 10 June 2026. The “Manual for MNE Groups on Global Minimum Tax (Pillar Two) Compliance
See MoreEU, Korea (Rep.) sign digital trade agreement
The EU and Korea (Rep.) signed a Digital Trade Agreement (DTA) during the EU-Korea (Rep.) Summit held in Brussels on 10 June 2026. This DTA demonstrates the shared commitment to promote open, transparent, and rules-based trade. It is also in line
See MoreEU issues implementing regulation introducing interim flat-rate customs duty on low-value parcels
The EU has published the Commission Implementing Regulation (EU) 2026/1200 of 5 June 2026, which has been published in the Official Journal of the European Union, setting out measures to introduce an interim flat-rate customs duty of EUR 3 on goods
See MoreEuropean Commission announces 2026 ViDA work programme availability
The European Commission announced, on 22 May 2026, that it has published the work programme for VAT in the Digital Age (ViDA), covering implementation activities planned for 2026. The programme builds on the implementation strategy released in
See MoreEU, Mexico sign Modernised Global Agreement (MGA) and interim Trade Agreement (iTA)
The EU and Mexico have taken a major step forward in their partnership by signing the Modernised Global Agreement (MGA) and interim Trade Agreement (iTA) on 22 May 2026 At the 8th EU-Mexico Summit in Mexico City, both sides agreed to deepen their
See MoreEU finalises trade deal with US under Trump’s July deadline threat
The European Union reached a provisional agreement on Wednesday, 20 May 2026, to eliminate import duties on US goods, moving to avert threatened American tariffs after months of tense negotiations. European Commission President Ursula von der
See MoreEU: Court rules transfer pricing profit adjustments fall outside VAT scope
The Court of Justice of the European Union (CJEU) delivered its judgment on 13 May 2026 in Stellantis Portugal, S.A. v Autoridade Tributária e Aduaneira (Case C-603/24) concerning whether intra-group transfer pricing adjustments are subject to
See MoreEuropean Commission endorses VFX uplift tax credit for Ireland
The European Commission has approved Ireland’s enhancement of the Section 481 Film Tax Credit, known as the Visual Effects (VFX) Uplift, via a State aid authorisation published in the Official Journal of the European Union on 12 May 2026. The
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EU faces Chinese WTO challenge over EV tariffs, USTR announces similar measures
According to a post by the United States Trade Representative (USTR), China initiated formal proceedings at the World Trade Organisation (WTO) on 4 November 2024, challenging the European Union's imposition of definitive countervailing duties on
See MoreEU: Economic and Financial Affairs Council agrees to strengthen cooperation with EU investigative bodies to combat VAT fraud
The EU Economic and Financial Affairs Council provisionally agreed on new rules to strengthen the fight against value added tax (VAT) fraud in the EU by ramping up cooperation between member states, the European Public Prosecutor’s Office (EPPO)
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US confirms 25% tariff on EU car imports as trade tensions escalate
The US is proceeding with plans to increase tariffs on European Union automobile imports to 25%, US Trade Representative Jamieson Greer confirmed during an interview with CNBC Monday, 4 May 2026. Greer said he had discussions with EU and German
See MoreUS: Trump Administration to raise EU auto tariffs to 25% amid trade deal dispute
US President Donald Trump announced on Friday, 1 May 2026, that he will increase tariffs on European Union automobiles and trucks to 25% next week, up from the previously agreed 15%, citing the bloc's failure to comply with their bilateral trade
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