brought to you by TPS
Europe
- Germany: Government approves draft legislation to implement EU Pillar Two directive – click here or here;
- UK tax advisers hail transfer pricing, diverted profits tax reform – click here;
- The District Court of Luxembourg (Belgium) lodged an interesting request for a preliminary ruling regarding the conditions authorities can set for a MAP to be finalized – click here;
Global
- IMF: International Tax Spillovers and Tangible Investments – click here;
- UN: Report of the Secretary General on Promoting Inclusive Tax Cooperation – click here;
- Korea: Proposed amendments to transfer pricing and Pillar Two rules – click here;
- Israel: Guidance on competent authority, mutual agreement, and bilateral APA procedures – click here;
- Tunisia deposited its instrument of ratification for the MLI – click here or here;
- Indonesia calls global minimum tax a ‘trick’ by developed nations – click here;
- Canada releases further revisions to EIFEL proposals – click here or here;
- Canada: Global Minimum Tax Act released for public comment – click here;
- Australia: Corporate tax transparency data check – click here;
- Egypt: Egypt's Transfer Pricing Laws: Balancing Fairness And Compliance – click here;
- Recent Development in Transfer Pricing Legislation in UK, Brazil, and Canada – click here;
Romania
- Special status at NAFA? God help us! (RO) – click here;
- Opinion Adrian Luca, founding partner Transfer Pricing Services: We pretend we don't see it, but there is a "less full" part of turnover taxation (RO) – click here;
- Multinationals to pay 1% tax / How the state taxes you if you make investments (RO) – click here or here;
- NAFA has started with tax inspections on companies: sanctions of almost RON 17 million in July 2023 (RO) – click here or here;
- NAFA's tax inspection strategy has been reconsidered. How companies are checked now (RO) – click here;
- E-Invoice - the next step towards tax digitalization in Romania (RO) – click here;
- NAFA will carry out tax inspections on online platform operators to verify compliance with the DAC7 reporting obligation (RO) – click here;
- How NAFA inspectors will present their badges during tax inspections / What happens if you refuse the video recording / Order, in the Official Gazette (RO) – click here;
- NAFA lagged behind of plan, with RON 10 billion for the first half of the year. It collected less for the budget in June (RO) – click here;
- New compliance obligations for companies applicable from 2024 and new reporting obligations with first due date in 2024 (RO) – click here;
Webinars
- Challenges of SAF-T reporting, e-Invoice & e-Transport, September 15th 2023 – click here;
- Podcast: Pillar Two spotlight series—The multistate tax perspective – click here.
