brought to you by TPS
Europe
- Luxembourg: Draft legislation to modernize current investment tax credit published – click here;
- Cyprus: Tax authorities issue transfer pricing guidance on the pricing of 'back-to-back' financing transactions – click here;
- Cyprus: introduces 3% VAT rate and adds goods to 0% VAT list – click here;
- Germany: Federal Ministry of Finance publishes draft decree regarding the application of anti-hybrid rules – click here;
- Estonia: Significant tax changes in 2024 and 2025 – click here;
- Poland: Preferential corporate rate; residential depreciation repeal; deductibility of certain expenses – click here;
- UK and Turkey to negotiate new trade deal – click here;
- Turkey: New law increasing the corporation tax rates enters into force – click here;
Global
- Pillar Two: OECD Pillar Two updates – click here;
- OECD Pillar One: Amount B report and public consultation – click here;
- OECD/G20 Inclusive Framework releases documents on Pillars One and Two: First Impressions – click here;
- OECD Reports Significant Progress to G20 on International Tax Reforms – click here;
- Understanding Global Value Chains: How Businesses Operate in Interconnected Networks Across Borders and Why It Matters for Tax and Transfer Pricing – click here;
- Navigating Carbon Trading and Transfer Pricing: Considerations for Multinational Corporations – click here;
- Achieving Global Tax Equity: Unveiling the Historic Global Tax Deal – click here;
- The OECD released a GloBE Information Return & explanatory guidance as well as a second set of Agreed Administrative Guidance items – click here;
- The Latest on BEPS and Beyond | July 2023 edition – click here;
- Australia: Capital gains tax – click here;
- US: Transfer pricing and stock-based compensation – click here;
- Gibraltar to implement global minimum tax from 2025 – click here;
- Dominican Republic: Draft law modifying tax assessment, audit and payment procedures – click here;
- Bahrain: Introduction of corporate income tax confirmed – click here;
- Nigeria: Current development on taxation of nonresident companies engaged in shipping business – click here;
Romania
- The procedure for the determination and regularization of the corporate income tax/micro income tax differences being additionally redirected has been approved (RO) – click here;
- The options proposed by social democratic and national liberal parties to cover the budget gap. Which are the differences between their "visions", and what they agreed on (RO) – click here;
- From where the Coalition gets inspiration for tax hikes: the World Bank report / What the document states (RO) – click here;
- Gabriel Biris: The budget gap does not actually exist. The mistakes in the state budget law must be fixed (RO) – click here;
- What the business community wants: The Government should present the tax measures set so we can discuss it (RO) – click here;
- Nearing deadline in relation to SAF-T reporting for medium-sized taxpayers. Practicalities for medium-sized taxpayers (RO) – click here;
- Legislation, differences and implications in transfer pricing area from Romania, compared to other European countries (RO) – click here;
- Tax litigation: Although new grounds of illegality can be raised in court, they can only relate to tax obligations contested in the administrative phase (RO) – click here;
- BEPS 2.0. The end of tax incentives as we know them today? (RO) – click here;
- A new opportunity for the professional activity development of tax consultants who opted to perform legal tax expertise activities - expert advisor of the Romanian tax administration (RO) – click here;
