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Europe
- First Look: Luxembourg and Amazon win tax-related state aid dispute, EU prevails in Engie – click here
- Luxembourg: Tax rulings provided no selective advantage (EU General Court) – click here
- Amazon wins bid to overturn EU state aid ruling – click here
- ECJ to this week hear Luxembourg’s appeal of the General Court’s decision in Fiat which approved the Commission’s use of the arm’s length principle to determine if a tax ruling gives rise to State aid: Seán McCárthaigh / Irish Times – click here
- Proposed rules would allow EU to block acquisitions by foreign companies receiving tax benefits – click here
- EU: Update on initiatives for public and non-public country-by-country reporting – click here
- Bulgaria: Transfer pricing documentation; Local file for 2020 required by 30 June 2021 – click here
Global
- The UN transfer pricing manual’s guidance on intercompany interest rates in the extractive sector – click here
- Legislative update: Proposal to require country-by-country reporting of pre-tax profits, taxes paid – click here
- OECD recommends revenue-seeking governments to increase inheritance taxes (RO) – click here
- Canada improves completion time for advance pricing agreements – click here
- Dominican Republic modifies transfer pricing rules – click here
- Excess cash highlights Australia’s 2021 budget – click here
- Singapore: Transfer pricing guide for multinational entity headquarters – click here
- India sets thresholds for non-resident tax nexus based on economic presence – click here
- Taiwan: Rules allowing one-time transfer pricing adjustment – click here
- Qatar releases transfer pricing FAQs – click here
- Mongolia rejects mining company’s tax claims in international dispute, seeks damages – click here
- Axne, Van Hollen Introduce Bicameral Legislation to Provide Transparency on Corporate Use of Tax Havens, Offshoring of Jobs – click here
DAC6
- Changes to the Romanian DAC6 legislation – click here
- Romania amended DAC6 legislation – click here
- 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
Romania
- NBR maintains the key interest rate at 1.25% per annum (RO) – click here
- Net nominal average earnings increased (RO) – click here
- The European Commission has strongly increased the forecast for the growth of the Romanian economy. The deficit will decrease (RO) – click here
- Inflation, even painful for many, is a sign of the economic recovery. Romania imports inflation. Inflation in April was at its highest since the beginning of the crisis (RO) – click here
- Romania collects the lowest revenues from taxes in the EU. Where does most of the money come from? (RO) – click here
