European Union: Inward/ Foreign Investment

The tax reform that came into effect in January exemplifies how legal change can simplify, clarify, and enhance certainty without fundamentally altering the system. The reform addressed key areas where uncertainty had previously existed, particularly in relation to corporate tax treatment and compliance expectations, providing clarity on grey areas that could create doubt for companies operating on the island. Rather than overhauling the entire tax system, the reform focuses on certainty and reliability.

The European Commission’s proposal for an Industrial Accelerator Act is intended to strengthen the EU’s industrial competitiveness, stimulate decarbonisation, and reduce strategic supply-chain dependencies.

The European Commission published Guidelines on Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market.