brought to you by TPS
Europe
- Bulgaria's ambition to join the “Rich Club” in 2025 – click here;
- UK: New TP doc requirements for UK MNEs – click here or here;
- Poland: Guidance on resale price method – click here;
- UK: Mandatory disclosure rules (DAC6) effective – click here;
- Greece: No WHT due on service fees paid to certain domestic branches of foreign entities – click here;
- During the last 2 weeks 4 European jurisdictions released draft legislation to implement a minimum tax for large multinationals (and large domestic groups) – click here;
Global
- OECD (2023), Manual on Handling Multilateral MAPs and APAs – click here;
- Seven new peer review reports on tax transparency and information exchange issued - click here;
- Tax and the ESG phenomenon – click here;
- Countries disagree on the UN's role in taxes – click here;
- Transfer Pricing Brief: April 2023 – click here;
- Brazil: Provisional measure introducing new TP rules – click here or here;
- US APA report for 2022 shows sharp decrease in executed APAs, but strong increase in requests filed – click here or here;
- US IRS considers Section 482 regulation for implicit support in pricing intercompany loans – click here;
- Canada: Preparing for excessive interest and financing expenses limitation (EIFEL) legislation – click here;
- Bahamas: Economic substance legislation and guidance notes introduced – click here;
- Australia: Draft legislation denying large multinationals deductions for low-taxed related-party intangibles payments – click here.
Romania
- Chamber of Tax Consultants: Certification of tax returns must be taken into account in tax risk analysis, an issue that Order 2017/2022 ommited (RO) – click here;
- What NAFA did when found that some taxpayers encountered issues paying their taxes (RO) – click here;
- NAFA: Calendar of tax obligations for April 2023 (RO) – click here;
- Suspension of tax inspection and taxpayers' right of access to justice (RO) – click here;
- NAFA contributed RON 3 billion (3.4%) less to Romania’s annual budget than initially planned (RO) – click here;
- The micro-enterprises tax regime is losing its attractiveness. Of the more than 900,000 micro-enterprises, 80% have zero employees (RO) – click here;
- Romania implemented the EU Country-by-Country Reporting Directive (RO) – click here;
- Study. Organisations are preparing for new tax risks and increased tax inspections after the pandemic pause. The autumn period from 2022 has brought an intensification of tax inspections in Romania too (RO) – click here or here;
- What are the advantages of reporting profits as a tax group and why do Romanian companies do not use this method? (RO) – click here;
