brought to you by TPS
DAC6
- Access the DAC6 Comparison Tool App that allows the user to make instant comparisons among DAC6 provisions in different countries. Plus, it offers direct links to each local legislation and guidelines and shows you how to perform the MBT test – click https://comparison.dac6guide.eu/
- For the latest developments and news concerning DAC6 – click here
- Spain issued DAC6 law on the Official Gazette – click here
Global
- The IMF (i.e. International Monetary Fund) is in favor of a minimum global tax for multinationals (RO) – click here
- OECD Secretary-General report to G20 ministers includes overview of 66 countries’ tax policy responses to COVID-19 – click here
- Tax Treaty Entitlement and Fiscally Transparent Entities: Improvements or Unnecessary Complications? – click here
- G20 ministers renew call for consensus over MNE taxation – click here
- Insight into the Platform for Collaboration on Tax’s toolkit on transfer pricing documentation – click here. The Practical Toolkit can be found here
- Database: Country tax measures during the COVID-19 pandemic – for the information click here
- Countries continue to permit tax treaty shopping despite BEPS promises – click here
- Multinationals shifted $1 trillion offshore, stripping countries of billions in tax revenues – click here
- UN tax committee releases updated model treaty language on automated digital services – click here
- US offers new “Pillar One” compromise plan for taxing large multinationals – click here
- US: Senators Wyden, Brown, Warner release International Tax Framework – click here
- Brazilian Federal Supreme Court unravels the levy of taxes on software licensing – click here
- Costa Rica: Advance pricing agreements, implementing guidance – click here
- China enhances R&D super deduction for manufacturing, extends multiple tax breaks for doing business in China – click here
- Peru tax authority addresses appropriate method for intra-group services under prior law – click here
Europe
- Ireland may not agree to global minimum tax, minister says – click here
- Luxembourg tax guidance addresses new interest limitation rule – click here
- Polish Supreme Court confirms findings of CJEU Danske Bank case are applicable to VAT settlements of Polish branches – click here
- UK issues new consultation on transfer pricing documentation – click here
Romania
- The IMF (i.e. International Monetary Fund) significantly improves the forecast for Romania. The economy is expected to register a 6% GDP growth in 2021, the second largest in the EU (RO) – click here
- Black and white with the annual declaration regarding the real beneficiary (RO) – click here
- Lack of clarity of the legislation regarding the fiscal treatment of gift vouchers leads to unfair competition on fiscal criteria (Coalition for the Development of Romania) (RO) – click here
