brought to you by TPS
Europe
- VAT: New e-commerce rules in the EU will simplify life for traders and introduce more transparency for consumers – click here
- Taxation trends in the European Union – click here
- Dutch report on international tax and transfer pricing rulings reflects new ruling practice – click here
- Denmark publishes draft bill relaxing transfer pricing documentation requirements in relation to domestic controlled transactions – click here
- Germany: Provisions amending arm’s length principle, transfer pricing – click here
- Spain amends MAP rules for tax and transfer pricing disputes – click here
Global
- Taiwan transfer pricing decree on bilateral APAs takes sensible approach – click here
- Australian R&D tax incentive draft ruling clarifies ‘at risk’ rule – click here
- Singapore: GST implications of common transfer pricing adjustments – click here
- South Africa: Transfer pricing adjustments and implications for VAT purposes – click here
- Argentina issues new transfer pricing regulations – click here
- Argentina’s Economy Minister says 15% rate for global minimum corporate tax is too low, seeks rate of 21%–25%: Buenos Aires Times – click here
- 130 countries and jurisdictions join bold new framework for international tax reform – click here
- Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalisation of the Economy – 1 July 2021 – click here
- Minimum profit tax of at least 15% and "fair distribution". The main points of the agreement concluded at the OECD (RO) – click here
- G7 global minimum tax deal leaves open questions – click here
- US tells EU countries digital levy could jeopardize global tax talks – click here
- Philippines to be removed from OECD harmful tax regimes list in January 2022 following enactment of legislation eliminating preferential tax rates for regional operating headquarters: Philippines Department of Finance – click here
- Germany: Merger of profit company into loss company; intercorporate dividend relief on share acquisitions – click here
- EU and OECD half-measures fail to detect Luxembourg’s shadow tax rulings – click here
Romania
- NATIONAL REFORM PROGRAM 2021 (RO) – click here
- The procedure for the realization of the fiscal groups, under debate at NAFA. Advantages and disadvantages of tax consolidation at group level (RO) – click here
- VAT on online commerce: What changes from July 1, 2021 (RO) – click here
- How much does the pandemic cost us? NBR concludes: According to the results of the stress test exercise, banks will have in addition over 3.5 billion euros in non-performing loans in balance sheets. The NPL rate rises to 10% in 2022 (RO) – click here
- What penalties do you risk if you do not declare your income? (RO) – click here
DAC6
- French Supreme Administrative Court refers the challenge to DAC6 to the Court of Justice of the EU! – click here
- For the latest developments and news concerning DAC6 – 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/
