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Common Consolidated Corporate Tax Base (CCCTB)

On 25 October 2016 the European Commission presented a package for a major corporate tax reform for the EU. The package includes a proposal for a Council Directive on a Common Corporate Tax Base (“CCTB”) and a Council Directive on a Common Consolidated Corporate Tax Base (“CCCTB”). The CCTB-proposal contains detailed rules establishing a harmonised EU-wide corporate tax base.

The CCTB is mandatory and applies to all groups of companies with a total annual turnover in excess of EUR 750 million and conducting business activities in the internal market through a taxable presence in an EU Member State.

The CCCTB-proposal foresees a harmonised EU-wide tax consolidation regime and a tax base apportionment mechanism, as well as an accompanying tax administration system for these groups of companies. The CCTB proposal and the CCCTB proposal, once adopted, will have a huge impact on both multinationals and tax authorities in the EU. Our team will help you to determine the impact on your business.

Our CCTB team

If adopted, a CCTB - and possibly a CCCTB - would mean a revolutionary change to the way corporate income tax is levied on MNEs with a taxable presence in the EU. Our CCTB team advises you as a MNE on the potential consequences that an introduction of a CCTB/CCCTB might have on your corporate tax position in the EU.