brought to you by TPS
Europe
- European Union: European Union Commission opens consultation on BEFIT proposal – click here;
- New EU Proposal for a Transfer Pricing Directive – click here;
- German Tax Authorities' Aggressive Stance on Transfer Pricing – click here;
- Poland: Look-through approach for dividend exemption; tax treatment of losses incurred by Romanian branch – click here;
- Poland: Amendments to decrees on transfer pricing reporting now effective – click here;
- UK: HMRC collects £70m from multinationals via profit diversion compliance facility – click here;
Global
- The shifting tides of TP: a closer look at tax controversy driving legislative changes – click here;
- Progress continues in strengthening tax transparency through Country-by-Country reporting– click here;
- Considerations in deciding to pursue a unilateral or bilateral advance pricing agreement – click here;
- OECD: MLI signed (Eswatini); instrument of ratification of MLI deposited (Armenia and Côte d'Ivoire) – click here;
- Egypt issues further guidance on the application of TP rules – click here;
- Ghana: Beneficial Ownership to address transparency in extractive licensing procedures – click here;
- Philippines: Transfer pricing rules for manufacturers – click here;
- Tanzania: Dissecting tax ambiguity in intragroup financing interest – click here;
- How Malaysia’s Transfer Pricing Rules Make Compliance Tougher – click here;
- Korea: Fee paid to foreign parent company was royalty subject to withholding tax (Tax Tribunal decision) – click here;
Romania
- NAFA warns! There is a campaign of FALSE messages on behalf of the institution, requesting the payment of the tax for the year 2022 (RO) – click here;
- The government approved the new fiscal measures, with small amendments. What provisions have been modified (RO) – click here;
- Shock and horror for the business environment. The most aggressive tax package in decades is set to become law this week. What will follow? (RO) – click here;
- Emanuel Bancila, EY: Since 2015, NAFA has focused its attention on the pharmaceutical industry, and the amounts imposed are very high. The main area of interest was the registration of fixed places of business and permanent establishments for companies in the field (RO) – click here;
- The stake of the turnover tax imposed on large companies: additional amounts of RON 6.2 billion from 756 companies, out of which 20 are banks. PwC: "The changes were not accompanied by an impact analysis. Energy, tobacco, pharma and construction are important sectors, already overtaxed” (RO) – click here;
- Project: Bonuses for corporate income taxpayers who pay on time and have no outstanding tax obligations (RO) – click here;
Webinars
- Clearing the hurdles of pillar two: your questions answered – 17 October 2023 | 3:30 pm – click here;
- Quantera Global 10 years webinar series: UAE – 12 October 2023 | 13:00 – 14:00 CET – click here.
