brought to you by TPS
Global
- Australia consults on tax and transfer pricing effects of inter-bank offered rate reforms – click here
- China simplifies application procedure for unilateral advance pricing arrangements – click here
- India: Tax relief, computation when book profit increase due to APA or secondary adjustments – click here
- South America: Winds of change in the world of tax – click here
- Brazil: The increase of TP adjustments and the alternatives available to taxpayers – click here
- Mexico and Central America: Considering the impact of new TP requirements – click here
- Andean States: TP methodologies step up formalisation – click here
- Barbados joins agreement to address the tax challenges arising from the digitalisation of the economy – click here
- Morocco publishes mutual agreement procedure guide for resolving tax disputes – click here
- Share of profits shifted to tax havens remained roughly constant globally (9%–10%) in latest data (2018) despite OECD BEPS implementation and increased in US (19%–23%) despite enactment of 2017 tax law: Thomas Tørsløv, Ludvig Wier & Gabriel Zucman / Missing Profits – click here
- Tax is ‘a bigger corporate risk than ever’ due to enhanced country-by-country reporting and ongoing global tax talks, investors should be wary of companies that are not transparent about tax dealings: Richard Murphy / International Investment – click here
- Gulf Cooperation Council countries and businesses prepare for global minimum tax – click here
- Japan releases study group report on international taxation in the digital economy – click here
Europe
- Czech Republic: Transfer pricing issues remain under scrutiny – click here
- Gibraltar announces that the increase in corporate tax rate applies to profits from 1 August 2021 – click here
Romania
- From the interesting figure of 1% (salaries of EUR 3,000 to the new and complex D406 (also called SAF-T) (RO) – click here
- Another 10 countries are on the list of reporting jurisdictions with which ANAF will automatically exchange information (RO) – click here
- The NNDKP team formed by Ciprian Paun and Diana Feldrihan obtained a solution of total cancelling the fiscal obligations supplementary established by the Fiscal Authorities in a transfer pricing case (RO) – click here
- PwC CEO Survey: Digital transformation climbs to first place in top investment priorities of CEOs in Romania after pandemic (RO) – click here
- ANAF updates the technical documentation for SAF-T (RO) – click here
DAC6
- The Irish Tax Authorities announced the updated Filing Guidelines for DAC6 – click here
- The Netherlands updated DAC6 XML Schema – 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
