The European Commission on February 11, 2025, published its work program 2025.
Key takeaways include:
- Announcement of a so-called “Omnibus simplification packages” aiming to reduce reporting burdens by 25% for all companies and 35% for small and medium-sized enterprises (SMEs)
- Announcement of a proposal for a so-called "28th legal regime," which would allow innovative companies to operate across the EU under a single set of rules, simplifying corporate law, insolvency, labor law, and also taxation
- Finalization of the Anti-Tax Avoidance Directive (ATAD) evaluation is expected in the fourth quarter of 2025
- Previous Directive proposals including DAC 9, BEFIT, Transfer Pricing Directive, debt-equity bias reduction allowance (DEBRA), “Unshell,” digital services tax proposal, significant digital presence proposal, and the financial transaction tax continue to be listed as pending files
Read a February 2025 report prepared by KPMG’s EU Tax Centre