View All Comment Letters and Position Papers

Pending Comment Letters

Your comments are extremely important to us to provide the best response by WOCCU to these regulatory proposals.

Listed below are all pending regulatory actions for which WOCCU intends to submit a Comment Letter. The listed date is the date by which Comments are due to the respective agency.  All Comment Letters filed by WOCCU can be viewed on the Comments & Position Papers tab. Comments filed by the European Network of Credit Unions can be found here.

Please be sure to provide us with your comments in advance of the Due Date so that we may include them in our Comment Letter.

Agency Pending Comment Letters Due Date

Recent News on our Competent Authorities


European Commission Proposes Head Office Tax System for SME’s

European Commission

The European Commission has proposed giving small and medium enterprises (SMEs) the ability to interact with a single Head Office tax authority. The Commission is making this proposal to alleviate the complexity and compliance costs of cross border operations when operating with a permanent establishment in more than one member state. SMEs would have the opportunity to calculate their tax liability based only on the tax rules of the Member State allowing them to file one tax return. 

The proposal contains detailed provisions to streamline the tax process and allow small businesses to grow and develop. If an SME meets the proposed criteria businesses will have the choice to file under a single Head Office and will remain under that same Head Office system for five years. 

Further details of the streamlined tax option as part of a larger SME Relief Package can be found in the full text of the proposal.

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