EU Finance Ministers agree on Code of Conduct mandate reform

European Union Finance Ministers have agreed on revisions of the mandate of the Code of Conduct for Business Taxation.

The revisions will apply to tax features which are introduced or modified on or after 1 January 2023 and create opportunities for double non-taxation or that can lead to the double or multiple use of tax benefits for the same amount of income.

Businesses should closely monitor the work of the COCG and assess the impact of the revised mandate.