The European Commission adopted a tax simplification package on June 24 2026 to reduce compliance burdens for businesses operating across the EU. The package, made up of the Taxation Omnibus and a recast of the Directive on Administrative Cooperation, aims to streamline rules and improve legal certainty while keeping strong safeguards against fraud and evasion. Key measures include an exemption from withholding tax on cross‑border dividends, interest and royalties, expected to save €5.3 billion a year; simplification of financing rules and interest limits, projected to cut compliance costs by over €500 million; and removal of reporting requirements for certain multinational groups, saving about €300 million annually. The overall package could reduce administrative costs by €3.3 billion, delivering roughly €8 billion in total annual savings for EU businesses.
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