ATAD II adopted by the Council of the EU under the Maltese Presidency

Deloitte Malta Tax Alert

On 29 May 2017, the Council of the European Union under the Maltese Presidency adopted a directive amending Council Directive (EU) 2016/1146 of 12 July 2016 as regards hybrid mismatches with third countries (ATAD II). 

According to the press release, ATAD II was adopted at a meeting of the Competitiveness Council, without discussion. This follows an agreement at a meeting on 21 February 2017. The European Parliament gave its opinion on 27 April 2017.

Member States will have until 1 January 2020 to transpose ATAD II into national laws and regulations (1 January 2022 for one specific provision).

We will provide further details of ATAD II, once its official text is publicly available.

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