brought to you by TPS
Europe
- The new Italian transfer pricing documentation – click here
- Clarification on TP documentation in Italy starts moving forward – click here
- Italy-France tax treaty’s interaction with parent-subsidiary EU directive – click here
- France amends rules regarding withholding tax calculation for dividends – click here
- This week in tax: EU set to fast-track minimum tax plan – click here
- Ministry: Minimum tax won't lead to massive exodus of large companies from Estonia – click here
- European digital services taxes to stay for now, with offsetting credits, countries agree – click here
Global
- Developing countries need transfer pricing rule simplifications, OECD advises G20 – click here
- What is in store for US TP in the 2021–22 priority guidance plan? – click here
- Platform for Collaboration on Tax shifts priorities in response to global tax deal – click here
- Double tax treaty concluded between Colombia and Italy will be effective 1 January 2022 – click here
- Bahrain: Updated guidance on mutual agreement procedures – click here
- Panama court upholds transfer pricing penalty on operations within special tax-exempt area – click here
- Thailand clarifies its transfer pricing documentation requirements – click here
- Brazil, China, Russia MAP tax dispute resolutions could improve, peer reviews show – click here
- Country-by-country reporting adopted in more than 100 jurisdictions, OECD reports – click here
- Country-by-Country Reporting – Compilation of 2021 Peer Review Reports – click here
- Progress continues in making tax dispute resolution more effective and in improving tax transparency through Country-by-Country reporting – click here
- OECD: Status update on BEPS Action 13 (country-by-country reporting) and Action 14 (mutual agreement procedure) – click here
- Cyprus: Arrangement with United States for exchange of country-by-country reports – click here
- Dominican Republic issues regulations on country-by-country reporting – click here
- Thailand: Transfer pricing requirements and country-by-country reporting, effective 2021 – click here
- G20 Finance Ministers endorse key components of the two pillars – click here
- Global tax deal could drive changes in Democrats’ budget plan – click here
- Bermuda (Re)Insurer Benefits to Narrow Amid 15% Global Minimum Tax – click here
- Report on recent US international tax developments – 15 October 2021 – click here
- Hong Kong reiterates its commitment to BEPS 2.0 project – click here
- S. Treasury statement regarding digital services taxes imposed by Austria, France, Italy, Spain, United Kingdom – click here
Romania
- The question of this interesting day (RO) – click here
- NAFA has started controls on large taxpayers. Companies that did not connect their electronic fiscal cash registers with electronic log were fined (RO) – click here
- Moody's has improved Romania's outlook from negative to stable. Standard & Poor's has reconfirmed its sovereign rating. However, Romania's relatively low vaccination rate may hinder economic performance (RO) – click here
- NAFA strategy in the middle of the health crisis - the expected transformations regarding the tax inspections (RO) – click here
- Unexpected decision: NBR changes lending conditions. The down payment increases from 15% to 25% for real estate investment loans in RON, to 35% for those in EUR and to 50% for those in other currencies. The calculation for the maximum degree of indebtedness is also modified (RO) – click here
DAC6
- Ireland updated the DAC6 Filling Guidelines – 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
