On Thursday 29 February, Roel de Vries, Managing Director, Nick Crama, Senior Director Tax and Rasmus Steiness, Senior Director Transfer Pricing at Alvarez & Marsal presented how the EU's BEFIT and TP Directives impact real estate investments funds.
Here are some of the key points discussed in the briefing:
- The BEFIT package, its component directives, key rules and practical implications for real estate fund investing in Europe, along with the current state of play in the legislative process
- BEFIT and TP Directive propose a simplified set of rules to determine the tax base of groups of companies in the EU and reduce compliance costs for cross-border businesses
- By streamlining tax processes, BEFIT aims to encourage cross-border investment, level the playing field for EU businesses and foster global competitiveness