brought to you by TPS
Europe
- Tax evasion & aggressive tax planning in the EU – tackling the role of enablers – click here
- Cyprus: The New Transfer Pricing (TP) Legislation In Cyprus & Its Expected Impact – click here
- Czech Republic: Tax priorities of the Czech EU Presidency – click here
- German Federal Ministry of Finance requires disclosure in cases of licensing of IP registered in Germany – click here
- Greece: Legislation incorporating ATAD measures for reverse hybrid instruments – click here
- Italy: Italian Revenue Agency issues clarifications on arm’s-length range – click here
- Luxembourg: VAT Deduction Right Of Holding Companies: Important Judgement Of The Court Of Cassation – click here
- Netherlands: New Dutch Transfer Pricing Guidance Focuses on Financial Transactions – click here
- UK: Draft legislation to implement Pillar Two published – click here
- UK: Multinational top-up tax: UK adoption of Organization for Economic Co-operation and Development Pillar 2 – click here
- UK: Transfer pricing documentation - click here
Global
- Transfer-pricing changes for multinational groups – opinion – click here
- Tax Matters – Avoid abusing transfer pricing to shelter profits – click here
- Armenia: Corporate Tax Comparative Guide – click here
- Australia: Rio Tinto settles all tax disputes with Australian Tax Office – click here
- Israel adopts BEPS Action 13 principles – click here
- Pakistan: Pakistan court rules on taxability of EPC contracts – click here
- Philippine: Mapping out Philippine transfer pricing regulations – click here
- South Africa: Commission flags ‘tax exploits’ by companies operating in South Africa – click here
- US & Hungary: Tax treaty update: United States terminates treaty with Hungary – click here
- US: Report on recent US international tax developments – 15 July 2022 – click here
- Pillar Two: Why Has The The EU Directive Proposal On Global Minimum Tax Not Yet Been Adopted? – click here
Romania
- Six fiscal measures that will come into effect starting August 1st: from overtaxing part-time work, to lowering the threshold for construction and agricultural facilities (RO) – click here
- GO 16/2022: Microenterprises without employees are mandatory to pay corporate tax; they will no longer pay 3% tax (RO) – click here and here
- Official amendments in the Tax Code. The new Tax Code requests efforts from accountants and tax consultants. What are the main changes (RO) – click here
- Iohannis resubmits in the Parliament, due to uncertainties, the law that solves the fiscal problem of gift vouchers and cancels the amounts already imposed by NAFA following controls (RO) – click here
- NAFA inspectors carried out controls in June on over 4,200 taxpayers (RO) – click here
- Mazars: VAT is the main source of income for the budgets of central and eastern European countries, but the trend could reverse due to the economic recession caused by the pandemic and the war in Ukraine (RO) – click here
- The government has become more optimistic and is expecting a 3.5% growth of the Romanian economy in 2022. The forecast has been revised upwards (RO) – click here
- Changing taxes on buildings has an impact on the entire population and the entire business environment (RO) – click here
- DOCUMENT DECISION New tax on gambling advertising and increases to existing taxes on gambling operators. The government wants an additional 500 million lei in 2022 and 2023 (RO) – click here
- DECISION: The contribution to the mandatory pensions in Pillar II increases only to 4.75%, in 2024. Pillar II administrators demanded two-stage growth, to 4.25% in 2023 and 4.75% in 2024 (RO) – click here
- Minister of Labour relapses: Romania must not accept that the total pensions fall within 9.4% of GDP (as we assumed through the PNRR) (RO) – click here
- OECD: Romania is the European country where people have multiplied the hours worked weekly the most, in the last 5 years / Europeans work less and less, Americans more and more (RO) – click here
DAC6
- 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/
