brought to you by TPS
Europe
- The German and French finance ministers support the idea of a minimum 21% tax on corporate profits, a proposal launched by the US government, Reuters reports (RO) – click here
- EU preferential regimes and Code of Conduct Group: state of play – click here
- Switzerland fears impact of minimum corporate tax rate – click here
- Switzerland: New income tax treaty with Brazil – click here
- Spanish guidance clarifies transfer pricing arm’s length range – click here
- Hungary says global minimum tax would violate sovereignty, refuses to consent: Budapest Times – click here
- A closer look at TP documentation in Cyprus – click here
Global
- UN updates transfer pricing manual for developing countries – click here
- Practical Manual on Transfer Pricing for Developing Countries (2021) – click here
- OECD releases Israel Stage 2 peer review report on implementation of Action 14 minimum standard – click here
- Google UK reports its 2020 financials: the transfer pricing implications – click here
- Survey: Environmental tax in a post-COVID world – click here
- US IRS extends time for submitting APA and MAP requests with e-signatures – click here
- Canada issues Federal budget 2021-22: A recovery plan for jobs, growth and resilience – click here
- Dominican Republic issues amendments to transfer pricing regulations – click here
- Brazil’s Supreme Court addresses software taxation – click here
- Tax treatment of cloud computing services in Chile – click here
- Bangladesh: Guidance simplifying procedures for paying royalties and technical fees – click here
- Japan: Guidance on tax treatment of carried interest – click here
Romania
- A “first” in Romania: Tax decision for the reclassification of daily/ per diem allowances into salary income, annulled by NAFA as part of the administrative tax appeal process (RO) – click here
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
