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Feed/CNS2023/0321(CNS)Finance & Budget

Business in Europe: Framework for Income Taxation (BEFIT)

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 26d ago
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This procedure aims to create a common set of rules for calculating the taxable income of companies operating in the EU. It seeks to simplify tax compliance and reduce tax-related disputes for businesses with cross-border activities.

The BEFIT directive will affect companies operating in multiple EU member states. It aims to establish a single set of rules for determining taxable profits, potentially impacting how businesses are taxed across the Union.