Skip to content
How a Leading Pharmaceutical Company Unified Tax Operations with OrbitaxHow AMG Brought Pillar Two Compliance In-House with Orbitax
EYEY

EU Member States give final approval to Foreign Subsidies Regulation

|Tax Alerts, Legislation & Policy, National/Federal Taxation|European Union
European Union

  • The European Union (EU) formally adopted the new Regulation on foreign subsidies distorting the internal market which is expected to become applicable in Q2 2023.

  • In essence, the Regulation partly extends the EU’s State aid prohibition to State aid provided by third countries, focusing on large public procurement procedures and merger and acquisition (M&A) transactions that take place in the EU.

  • Further guidance on the governance of the Regulation by the European Commission is expected soon. …

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.