brought to you by TPS
Europe
- Germany: Updated transfer pricing guidelines; U.S. agreement on automatic exchange of country-by-country reporting – click here;
- Denmark postpones deadlines for certain annual corporate income tax returns and transfer pricing documentation – click here;
- Denmark: Public consultation on draft bill to implement Pillar Two global minimum tax – click here and here;
- UK: Trimming the thicket: TP, PE and DPT reform – click here;
- Draft guidance published - HMRC unpacks the UK’s Pillar Two rules – click here;
- So you dislike the OECD global minimum corporate tax? Tough. The UK now has to implement it, or we’ll lose out – click here;
- Switzerland approves implementation of Global Minimum Tax and BEPS 2.0 Project – click here;
- Ireland gazettes public country-by-country tax reporting – click here;
- Latvia updates tax havens list – click here;
- Lithuania: Country-by-country reporting directive transposed into domestic law – click here;
- Malta: Guidelines on the reporting obligations of Digital Platform Operators (DAC 7) – click here;
- E-News from the EU Tax Centre – click here;
Global
- Australia: Delay in implementation of public country-by-country (CbC) reporting – click here and here;
- A 'thin new world' part 2 - proposed changes to Australia's thin capitalization provisions – click here;
- Deadline Extensions for Transfer Pricing Documentation in Chile and Denmark – click here and here;
- Brazil Embraces New OECD-Based Transfer Pricing Rules: A Shift with Major Global Impact – click here;
- Japan promulgates 2023 tax reform enforcement order to implement IIR to align with OECD BEPS 2.0 Pillar Two – click here;
- Transfer pricing rules in UAE explained – click here;
- Hong Kong, Mauritius tax treaty in force – click here;
- KPMG report: Europe, Middle East, and Africa (EMA) transfer pricing insights (June 2023) – click here;
- KPMG report: Transfer pricing methods for asset management sub-advisers – click here;
- OECD notes progress on harmful tax practices work – click here;
- Chambers Global Practice Guides: Transfer pricing 2023 – click here;
- Transfer Pricing Guidelines Country Summaries – click here;
Romania
- The decision of the HCCJ on the annulment of tax documents in court has become binding. What grounds of illegality can taxpayers invoke (RO) – click here;
- Digitalization of litigation – a step forward for the judiciary or a challenge for legal advisers? (RO) – click here;
- New amendments to the fight against tax evasion – implications and issues to be clarified (RO) – click here;
- Romania: Amendments to public country-by-country reporting rules (RO) – click here and here;
- Cross-border conversions, mergers and divisions: draft law also adopted by the Chamber of Deputies (RO) – click here;
- Restructuring of outstanding budgetary obligations. Minister of Finance amends and completes the Procedure (RO) – click here;
- The E-Invoice system will no longer be introduced in stages, but generalized, from January 1st , 2024 (RO) – click here;
- Accounting reports due on June 30th, 2023 can be submitted by economic operators until August 16th, 2023 (Draft Order) (RO) – click here;
- What is the Advance Tax Ruling, who benefits from it, and why are improvements necessary? (RO) – click here.
