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Europe
- Italy: Italian Revenue Agency issues clarifications regarding TP adjustments and DAC6 – click here
- Luxembourg: ATAD III: comments on Luxembourg’s view of the draft anti-tax avoidance directive – click here
- Spain: Lessons learned from Spain’s denial of withholding tax exemption on interest payments to EU residents based on GAAR – click here
- Switzerland likely to change its constitution because of Pillar Two global minimum tax plan – click here
- UK suspends tax co-operation with Russia – click here
- ECOFIN Council fails to reach agreement on a revised proposal for an EU Minimum Tax Directive – click here
- EU Finance Ministers do not reach unanimous support for proposed Pillar Two Directive – will try again 5 April – click here
- Global minimum tax hits roadblock as EU states disagree on directive – click here
Global
- OECD releases detailed technical guidance on the Pillar Two model rules for 15% global minimum tax – click here
- How Global Tax Administrations are Using Blockchain Technology – click here
- Proposal for a United Nations Convention on Tax: need new rules for tax transparency, elimination of the arm’s length principle: Tove Ryding / European Network on Debt and Development / Global Alliance for Tax Justice - click here
- Tax Advisory Services Market Procurement Intelligence Valued at USD 32 Billion in 2020 and It Is Expected To Grow at a CAGR of 9% from 2020 To 2027 | Grand View Research, Inc - click here
- Canada announces update to sanctions related to Russia – click here
- Canada releases draft legislative proposals on excessive interest and financing expenses limitation rules for public comment – click here
- US: Recent changes to section 174 of the US Internal Revenue Code – click here
- US: This week in tax: Russian tax treaties in doubt? – click here
- US: Report on recent US international tax developments – 11 March 2022 – click here
- US. Tax Court: Compute foreign tax credit using same method that CFC used to apportion interest expense - click here
- Barbados: Tax Measures in 2022 Budget – click here
- Chile: New procedures for simplified VAT regime for digital services – click here
- Colombia and the Netherlands sign double tax treaty – click here
- Costa Rica enacts law simplifying tax obligations for inactive entities and extending due date for simplified income tax return – click here
- Mexico: Tax measures included in second resolution of modifications to miscellaneous tax resolution 2022 – click here
- Peru: Peruvian Tax Court addresses how to determine if payments to foreign entities qualify as payments for digital services – click here
- Jordan publishes formal transfer pricing compliance forms – click here
- Ecuador: Ecuadorian President proposes bill to attract new investments – click here
- Australia: Get ready for fringe benefits tax time 2022 – click here
- Tax challenges of digitalization: OECD invites public input on the Implementation Framework of the global minimum tax - click here
- Israel: Israeli Parliament Discusses Master File and CbCR implementation - click here
Romania
- Fitch downgraded the BICE rating, in which Romania is a shareholder along with Russia (RO) – click here
- NAFA amends Declaration 101 to highlight the reduction of the profit tax according to GEO 153/2020 (RO) – click here
- NAFA has now a database on the risk management of undue VAT refunds. How can a company get there? (RO) – click here
- Study: The state taxed 78% of Romanian offshore gas production in Q4 of 2021 (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
