Europe

  • EU unlikely to reach agreement on new tax rules by end of year, says Italian economy minister – click here;
  • E-News from the EU Tax Centre – click here;
  • Malta: Transfer Pricing Rules 2022 – Legal Notice 284 Of 2022 – click here;
  • Malta: Update of the Guidelines on the reporting obligations of Digital Platform Operators (DAC 7) – click here;
  • UK transfer pricing documentation: New law comes into force, guidance issued – click here;
  • UK: New offense of failure to prevent the facilitation of tax evasion created – click here;
  • UK Calls for Reversal of Tax Treaty Suspension: Diplomatic Standoff with Russia – click here;
  • Germany: MOF advisory board issues statement on EU debt-equity bias proposal – click here;
  • Finland Paves the Way for Global Minimum Tax Implementation – click here;
  • Portugal: Public country-by-country reporting legislation approved – click here;

Global

  • Tax treaty round up (August 2023) – click here;
  • Tax Transformation Trends 2023 Executive Summary Report available – click here;
  • Tax Functions Should Transform to Tackle Pillar Two and ESG – click here;
  • US: KPMG report: Potential U.S. tax implications of proposed Bermuda corporate income tax – click here;
  • New Zealand will bring digital services tax if global agreement fails – click here and here;

Romania

  • The Chamber of Tax Consultants on the taxation of multinationals: Businesses involving a production chain are discriminated against / "Turnover": a blind indicator (RO) – click here;
  • ZF Live. Adrian Luca, Transfer Pricing Services: the government needs to do sectoral profitability analyses before taxing large companies on their turnover. This whole tax system seems more like a purely administrative, purely political measure that includes a populist component (RO) – click here;
  • NAFA's tax inspectors have a target to fulfill regarding the additional amounts to be imposed to companies during tax inspections. If they don’t reach the set target, they get a low score (RO) – click here and here;
  • SME representatives believe that any tax changes should NOT be made before January 1, 2024 (RO) – click here;
  • The taxation of the turnover of large companies raises several questions: is it or is it not legal for the government to tax the turnover only of those companies with a business of more than EUR 50/100 million and to have this tax linked to profits? (RO) – click here;
  • Foreign investors warn: the introduction of a tax as a percentage of the turnover can lead to a slowdown or even contraction of the economy (RO) – click here;
  • What the Prime Minister Marcel Ciolacu wants to achieve in Brussels: there are signs that the European Commission will recognise our financial efforts for Ukraine and the Republic of Moldova (RO) – click here;
  • Tax increases and cuts in public expenditures have not convinced the European Commission. Officials in Brussels have suggested increasing the VAT standard rate by two points. Decisive negotiations (RO) – click here and here;
  • Ciolacu does not agree with the VAT increase demanded by Brussels. The numbers he's taking to the EC to negotiate the increase of Romania’s budget deficit (RO) – click here and here;
  • The EC disagrees with the government's plans for fiscal-budgetary reform (RO) – click here;
  • Protests at the Ministry of Finance - NAFA: Three questions the trade unionists are asking (RO) – click here;
  • Dorin Modure, President of the Tax Administration Unions: "We should not reduce revenues, we should not overtax small businesses, we should reduce the tax evasion a bit" (RO) – click here;
  • The national recovery and resilience plan is not about cutting ribbons, but about what? (RO) – click here;

Webinars

  • Webinar Series on Navigating Pillar Two – Pillar Two and its Implications on Tax Accounting, September 13th 2023 – click here;
  • Webinar Series on Navigating Pillar Two – Pillar Two’s impact on business models and data management solutions, September 27th 2023 – click here.

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Note: Please note that TPS could not be held responsible for the content and accuracy of the information obtained by accessing these websites, nor for the consequences resulted from any activities one performs based on this information. Even though we are monitoring the outbound links, we do not have control over the availability of the information offered by external references or how often the information is updated.

Contacts

email: letstalk@transferpricing.global 

phone: 0040 742 159 142

 

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