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EU proposes tax reform to cut business costs by €8 billion a year

Politiko 2026-06-25 10:50:06

EU proposes tax reform to cut business costs by €8 billion a year

The European Commission (EC) presented a new tax simplification package on Wednesday, which is expected to save EU businesses €8 billion a year, including €3.3 billion in administrative costs.

The two proposed laws aim to reduce bureaucracy in an overall effort to make Europe a more attractive place for businesses to flourish.

"By removing preliminary procedural requirements and simplifying reimbursement processes, the measure will facilitate financing, encourage investment and increase competitiveness," the Commission said in a statement.

The biggest measure proposed in the package is the exemption from withholding tax on all cross-border payments of dividends, interest and royalties between EU companies.

"This measure alone should bring EU taxpayers savings and benefits of around €5.3 billion per year," the statement said.

In addition, the package will introduce a common minimum standard for the tax treatment of research and development investments to make Europe more attractive for investment. The Commission estimates that this could increase EU GDP by around 0.2 percent per year.

The framework is another step in the bloc's evolving efforts to improve the EU's economic competitiveness, something that Commission President Ursula von der Leyen has made a top priority.

It will now be up to the European Parliament and member states in the European Council to continue negotiations on the new proposal.

Once the two co-legislators adopt their positions on the package, the three institutions can start interinstitutional negotiations and work towards a joint text.

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