Europe
- OECD: Comments on public consultation document on Amount B under Pillar One – click here;
- Dutch Tax Plan for 2024: Key Highlights and Policy Changes – click here;
- Netherlands budget proposals: Key legislative developments for 2024 and 2025, including Pillar Two minimum tax – click here and here;
- Belgium: Tax exemptions granted on certain “excess” profits constitute unlawful State aid (CJEU judgment) – click here;
- Denmark: Transfer pricing adjustments on intercompany transactions upheld (Supreme Court decision) – click here;
- Italy: Draft law implementing Pillar Two global minimum tax – click here;
- Sweden: Draft law implementing Pillar Two global minimum tax – click here;
- Finland Consulting on European Commission Proposals for BEFIT, Harmonized Transfer Pricing, and Head Office Taxation – click here;
Global
- Brazil’s Tax Landscape Transformation: INE Deductions, Investment Fund Reforms, and Tax Rate Options – click here;
- Saudi Arabia approves amendments to Income Tax Bylaws and Zakat Regulations – click here;
- Hong Kong and Bangladesh sign comprehensive double taxation arrangement – click here;
- Kenya: Public consultation on draft transfer pricing rules – click here;
- New Zealand introduces the digital services tax bill into the Parliament – click here;
- Vietnam: BEPS MLI enters into force – click here;
- Papua New Guinea deposits its instrument for the ratification of BEPS MLI – click here;
- Armenia Approves Multilateral Agreement on Automatic Exchange of Financial Account Information – click here;
Romania
- Reference ruling for inter-state mutual agreement procedures for the avoidance of double taxation: High Court of Cassation and Justice ordered NAFA to start MAP procedure with 8 other jurisdictions (RO) – click here;
- Microenterprises in 2024: Micro-companies exceeding the EUR 60,000 threshold will pay a 3% tax on incomes (RO) – click here;
- Problems identified by NAFA in the first 6 months of the year as a result of tax inspections carried out (RO) – click here;
- The stakes of the tax increases for micro-enterprises: RON 6.6 billion more for the state budget. Liviu Sav, FCCA, co-founder of Bridge-to-Information: "The SMEs affected by this measure employ over 700,000 people out of the 4 million working in the private sector". (RO) – click here;
- OFFICIAL: What tax increases the PSD-PNL Coalition assumes. What the draft document looks like (RO) – click here;
- Taxpayers will no longer be able to pay only half of the fines established by NAFA (RO) – click here;
- The Ministry of Finance proposes an ordinance increasing fiscal unpredictability / To introduce new taxes and increase existing ones whenever they want (RO) – click here;
- VIDEO PwC Tax Conference - A large tax burden suddenly placed on business in an otherwise fragile environment risks slowing the economy further. Our estimate: turnover tax will bring around RON 6.2 billion to the budget (RO) – click here;
- Daniel Anghel (PwC Romania): It is impossible to be prepared for what is about to happen. Other surprises or emergency ordinances will follow in the coming days (RO) – click here;
- Florin Rizea (PwC Romania): A working group for the implementation of the Pillar II Directive has been formed at the Ministry of Finance (RO) – click here;
DAC6
- Belgium: Requirement under DAC6 for intermediaries to notify other intermediaries of their reporting obligation is invalid (Constitutional Court decision) – click here;
Webinars
- Webinar Series on Navigating Pillar Two – Pillar Two’s impact on business models and data management solutions – 27 September 2023 | 4:00 pm - 5:00 pm – click here.