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26 Feb
instant payments

Council adopts regulation on instant payments

The Council adopted today (26 February 2024) a regulation that willmake instant payments fully available in euro to consumers and businesses in the EU and in EEA countries. The new rules will improve the strategic autonomy of the European economic and financial sector as they will help reduce any excessive reliance on third-country financial institutions and infrastructures. Improving […]

25 Jan
instant payments

Anti-money laundering: Council and Parliament strike deal on stricter rules

The Council and Parliament found (18 January 2024) a provisional agreement on parts of the anti-money laundering package that aims to protect EU citizens and the EU’s financial system against money laundering and terrorist financing. The provisional agreement on an anti-money laundering regulation will, for the first time, exhaustively harmonise rules throughout the EU, closing […]

11 Dec

Artificial intelligence act: Council and Parliament strike a deal on the first rules for AI in the world (9 December 2023)

The Council presidency and the European Parliament’s negotiators have reached a provisional agreement (9 December 2023) on the proposal on harmonised rules on artificial intelligence (AI), the so-called artificial intelligence act. he draft regulation aims to ensure that AI systems placed on the European market and used in the EU are safe and respect fundamental rights and EU […]

24 Nov
Disability Rights Week

European Parliament organises its first Disability Rights Week

First Disability Rights Week. From 27 November to 4 December, the Week aims to raise awareness and enhance the public debate to ensure all people with disabilities can exercise their rights. Organised around the International Day of Persons with Disabilities on 3 December, the Disability Rights Week will see several parliamentary committees voting, debating and […]

17 Oct
DAC 8

Council adopts directive to boost cooperation between national taxation authorities (DAC8)

Today (17 October 2023), the Council adopted a directive amending EU rules on administrative cooperation in the area of taxation. The amendments mainly concern the reporting and automatic exchange of information on revenues from transactions in crypto-assets and on advance tax rulings for the wealthiest (high-net-worth) individuals. The aim of the Directive is to strengthen […]

20 Jun
DAC 8

A common EU digital tax residence certificate (European Commission

The European Commission has proposed (19 June 2023) new rules to make withholding tax procedures in the EU more efficient and secure for investors, financial intermediaries (e.g. banks) and Member State tax administrations. Key actions proposed today will make life easier for investors, financial intermediaries and national tax authorities: A common EU digital tax residence […]

16 Jun
European union

Council and European Parliament agree on rules to digitalise the visa procedure

Council negotiators and the European Parliament have provisionally agreed on rules to digitalise the visa procedure (13 June 2023). The regulation introduces the possibility to apply for a visa online and replaces the current visa sticker with a digital visa. The goal of the proposal is twofold: to make the visa application procedure more efficient […]

23 May
EU cripto assets

The Council formally approved the Regulation on Markets in Crypto-Assets (MiCA)

On 16 May 2023, the Council formally approved the Regulation on Markets in Crypto-Assets (MiCA), which establishes a harmonised regulatory framework for crypto-assets at EU level. The new rules aim to better protect consumers and investors and regulate risks by safeguards against financial crime and market manipulation. The regulation is set to contribute to financial […]

03 May
European union

EU workers: 7% worked long hours in 2022 (Eurostat figures)

In the EU, 7% of employed people worked long hours (working usually 49 hours or more per week) in their main job in 2022, according to the last figures released by Eurostat. A higher rate of self-employed people worked long hours (30% of total self-employed people) compared with employees (4% of total employees). Furthermore, long […]

25 Apr
gender pay european parliament

Gender pay gap: Council adopts new rules on pay transparency

The Council has adopted (24 April 2023) new rules to combat pay discrimination and help close the gender pay gap in the EU. The new directive also includes provisions on compensation for victims of pay discrimination and penalties, including fines, for employers who break the rules. Under the pay transparency directive, EU companies will be […]

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Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.

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