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.

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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.

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