ECOFIN agrees to the proposed amendments to Parent-Subsidiary Directive

ECOFIN agrees to the proposed amendments to Parent-Subsidiary Directive

During the European Union’s Economic and Financial Affairs Council (ECOFIN) meeting in Brussels on 6 May 2014, it was suggested to split the proposed amendment relating to hybrid loans and general anti-avoidance rule (GAAR) in order to achieve progress faster and to introduce an antihybrid rule into the parent-subsidiary directive (PSD)at the next council’s meeting on 20 June 2014.


And indeed, on 20 June 2014, ECOFIN reached political agreement on a proposed amendment to the PSD. This amendment is targeted at cross-border hybrid loans and aims at neutralizing international mismatches that may arise due to international qualification differences of such loans. It is anticipated that the Member States implement the amendments in their domestic tax laws by 31 December 2015 at the latest.

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004


tel +357 25 731-042


11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714


52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved