The European Commission just proposed a tax simplification package. Here's what it means for cross-border businesses operating in the EU.
1️⃣ European Commission — European Commission proposes tax simplification package to streamline compliance and boost competitiveness
The Commission has introduced a legislative proposal aimed at reducing the administrative burden of direct taxation through improved cooperation.
The measure hits businesses operating across multiple EU jurisdictions that have historically struggled with inconsistent withholding tax procedures and reporting requirements.
Member states must now evaluate the proposal to determine how to integrate these simplified procedures into their existing national fiscal frameworks.
2️⃣ European Securities and Markets Authority (ESMA) — ESMA calls on unlicensed crypto-asset service providers to cease operations correctly
The pan-European regulator issued a stern statement directing all crypto-asset service providers currently operating without a license to cease their activities.
This move hits firms that have not yet secured authorization under the Markets in Crypto-Assets regulation but continue to offer services to EU residents.
Affected entities are required to immediately communicate their exit strategies to customers and ensure the full protection of client assets during the wind-down.
3️⃣ Directorate-General for Trade and Economic Security — Commission imposes anti-dumping duties on imports of BDO from three countries
The EU executive has formally adopted an implementing regulation that introduces defensive duties on imports of 1,4-butanediol from specific global exporters.
This trade defense measure hits industrial manufacturers who must now account for higher import costs when sourcing raw materials within the European Single Market.
Customs agencies across the bloc will apply these new rates at the border to protect the domestic chemical industry from unfair pricing practices.
4️⃣ Swiss Federal Council — Automatic exchange of information between Switzerland and EU: Federal Council adopts dispatch on Protocol of Amendment
The Swiss executive body has moved forward with a dispatch regarding the protocol of amendment for the automatic exchange of information with the European Union.
The development hits financial intermediaries and high-net-worth individuals who must comply with updated OECD standards for tax transparency and VAT recovery.
The protocol will now undergo legislative review in the Swiss Parliament to align national law with international tax cooperation requirements.
5️⃣ Ministry of Trade — Regulation on the Prevention of Unfair Competition in Imports (No: 2026/23)
The Turkish government has finalized a new regulation focused on anti-dumping measures specifically targeting the import of aluminum frames and photovoltaic panels.
This regulation hits importers and construction firms utilizing solar technology who face new barriers to prevent unfair competition and ensure commercial disclosure.
Market participants must review their supply chains to ensure compliance with the updated import restrictions and potential duty obligations.
Full analysis in the attached RegNext Daily Europe Radar carousel.
— Elena Navarro · Managing Editor, RegNext
Daily Europe Radar · Wednesday 24 Jun 2026
#EURegulation #UKRegulation #FinancialRegulation #ComplianceIntelligence
