Menu

Blog
SK EN FR DE
download the presidency
calendar
Economic and Financial Affairs Council (ECOFIN)
8.
November
00:00
Brussels, Belgium
Economy and finance
Meetings of the Council of the EU
8 November 2016

Economic and Financial Affairs Council (ECOFIN)

Agenda highlights

Corporate taxation

The Council will hear a presentation by the European Commission on its new package of proposals for 'building a fair, competitive and stable corporate tax system for the EU'. The Council will then exchange views on the proposals.

Taxation: criteria and process for establishing a list of non-cooperative jurisdictions

The Council is expected to discuss the adoption of conclusions approving the criteria for screening non-EU jurisdictions, the list of jurisdictions to be screened, and the procedural guidelines on how such screening should be conducted. 

The conclusions are part of the Council's response to the January 2016 package of European Commission proposals to tackle corporate tax avoidance.

Packaged retail and insurance-based investment products (PRIIPs)

The Commission will brief the Council on its plans concerning the possible postponement of the date of application of the PRIIPs regulation, and on the latest developments relating to the delegated act on key information documents.

Updated EU fiscal governance rules

The Council is expected to endorse, without discussion, an amendment to the code of conduct for the implementation of the EU's fiscal governance rules.

The amendment specifies that euro area member states have to submit their draft budgetary plans for the following year to the European Commission between 1 and 15 October each year.

These deadlines also apply to countries where a government does not have full budgetary powers at the time when the draft budget law is submitted to their national parliaments - for example, countries with a caretaker government. Such countries should submit a draft budgetary plan prepared on a no-policy-change basis.

Value added tax (VAT)

The Council is expected to adopt, without discussion, conclusions on improvements to VAT rules for cross-border transactions. The conclusions come in response to VAT-related issues raised in the VAT action plan by the European Commission, issued in April 2016, and as a follow-up to the May 2016 Council conclusions on the VAT action plan.

Fighting tax evasion and fraud: access to information on beneficial ownership

The Council is expected to agree a general approach without discussion on a proposal for a directive that would grant access for tax authorities to information held by authorities with responsibility for the prevention of money laundering. Access would be specifically granted to information on the beneficial ownership of companies.

The rules aim to help authorities prevent tax evasion and tax fraud. They will apply from 1 January 2018.

Health systems and fiscal sustainability

The Council is expected to adopt, without discussion, conclusions on the challenges that healthcare policies may cause to fiscal sustainability in the EU.

The conclusions follow a recent report on healthcare and long-term care systems in the member states, drafted by the Economic Policy Committee together with the European Commission.

Other items on the agenda

The Council will be briefed on current financial services legislative proposals, and on the ongoing implementation of the banking union legislation.

It will take note of the state of play on the negotiations for an agreement between the European Union and Norway on administrative cooperation, combating fraud and recovery of claims in the field of value-added tax and of the text of the draft agreement.

The Council is also expected to exchange views on the European Court of Auditors' annual report on the implementation of the budget of the European Union for the financial year 2015 and to adopt conclusions on the state of play, achievements and prospects for European cooperation on statistics.

Latest news

4 November 2016
Jordan: Council agrees to €200m in loans
Brussels (4 November) - On 4 November 2016, the Permanent Representatives Committee endorsed, on behalf of the Council, a decision to provide €200 million in macro-financial assistance to Jordan.
More
3 November 2016
Joint debate on research and innovation in the Danube region
This morning, within the framework of the 5th Annual Forum of the EU Strategy for the Danube Region (Danube Strategy), ministers and their representatives responsible for research and innovation, together with the European Commission, met to discuss how to coordinate investment activities in the field of research and how to prevent the brain drain from the region.
More
28 October 2016
EU-Canada trade agreement: Council adopts decision to sign CETA
Brussels (28 October) - On 28 October, the Council adopted by written procedure a package of decisions on the comprehensive economic and trade agreement with Canada (CETA), including:
More
27 October 2016
'Bratislava Agenda' – a new impetus for European industry
More
23 August 2016
Joint Statement: Ministerial Conference on the European Day of Remembrance for Victims of Totalitarian Regimes
(Bratislava, 23 August 2016)
More
12 July 2016
Speech by Foreign Minister M. Lajčák at the EP Committee AFET
More
12 July 2016
Speech by Finance Minister P. Kažimír at the conference "Feasibility and Added Value of a European Unemployment Benefits Scheme"
More
6 July 2016
Speech by Slovak Prime Minister Robert Fico in the European Parliament
More
7 October 2016
2 climate weeks: „small step for humanity, giant leap for Slovak Presidency“
More
19 October 2016
Notice: Prime Minister Robert Fico to attend a summit of EU leaders in Brussels
The Slovak Prime Minister, Robert Fico, together with the Slovak Minister for Labour, Social Affairs and the Family, Ján Richter, will attend the Tripartite Social Summit and a regular session of the European Council in Brussels on 19-21 October 2016. On this occasion, Mr Fico will meet the prime ministers of the Visegrad Four countries, the President of the European Parliament, Martin Schulz, and the leaders of fellow EU member states.
More
17 October 2016
Notice: Slovak PM Robert Fico and Social Minister Ján Richter to participate in a Tripartite Social Summit in Brussels
More
16 October 2016
Notice: EU trade ministers meet to discuss CETA between the EU and Canada
On Tuesday 18 October, Slovak Minister of Economy Peter Žiga will chair the trade segment of the Foreign Affairs Council (FAC Trade) in Luxembourg. The extraordinary meeting was called by the Presidency to discuss the comprehensive economic and trade agreement with Canada (CETA).
More
16 October 2016
Notice: First ever Eastern Partnership meeting on climate and environment
More
23 June 2016
Presidency glossary
More
23 June 2016
Slovak Presidency Website eu2016.sk
More
22 June 2016
Accreditation and registration
More
5 May 2016
Presidency in Figures
More
19 July 2016
Council conclusions on Venezuela
More
19 July 2016
Council conclusions on EU strategy on China
More
19 July 2016
Council conclusions on Turkey
More
19 July 2016
EU priorities at the United Nations and the 71st UNGA
More
+

By type

select all

By date

select all
from
to

By topic

select all

BY PLACE

select all

By date

select all
from
to

By type

select all

By date

select all
from
to

By topic

select all