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European Commission calls on Bulgaria, Cyprus, and Portugal to Implement Tax Ruling Exchange Rules

14 July 2017

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Proposed Changes

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European Union-Bulgaria-Cyprus-Portugal

In its recently published July infringements package on legal action pursued against EU Member States, the European Commission has announced that it has sent reasoned opinions to Bulgaria, Cyprus, and Portugal as these Member States have failed to communicate the transposition of new measures on the automatic exchange of tax rulings between EU tax authorities (Council Directive (EU) 2015/2376). Legislation for the exchange rules is currently pending approval in the respective parliaments of Bulgaria ({News-2017-03-28/P/2-previous coverage}) and Portugal ({News-2017-04-25/P/3-previous coverage}). The status of the rules in Cyprus is unknown.