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Europe
- Germany: Back to square one? Latest news regarding the proposed German interest cap rules – click here;
- Greece: Ministry of Finance issues list of noncooperative jurisdictions for FY 2022 – click here;
- Greece issues a draft bill on CbC reporting requirements for public consultation – click here;
- Albania: New law on income tax significantly amends corporate, individual, and withholding tax – click here;
- Belgium: Commission refers Belgium to CJEU for incorrect transposition of ATAD CFC provisions – click here;
- Belgium: Overview of major business tax measures in Budget 2024 – click here;
- Belgium: Tax proposals in budget 2024 include real estate VAT changes, mandatory e-invoicing, stricter CFC rules – click here;
- Belgium: FAQ on new obligations of digital platform operators (DAC7) – click here;
- Ireland: Finance (No. 2) Bill 2023 published – click here;
- Ireland: Tax proposals in Finance bill 2023 include implementation of Pillar Two global minimum tax – click here;
- EU adopts Directive introducing tax transparency rules for crypto assets (DAC8) – click here and here;
- KPMG: E-News from the EU Tax Centre – click here;
Global
- Mexico: Transfer Pricing and Customs Rules Impact MNEs Moving to Mexico – click here;
- USA: IRS touts new programs to curb tax avoidance by large foreign-based corporations – click here;
- USA: Pillar One treaty process will spill over into 2024, US Treasury secretary says – click here;
- Brazil: New Transfer Pricing Regulation in Brazil Receives Mixed Response from Tax Experts – click here;
- Australia: Extended due date for filing country-by-country (CbC) reports, Master and Local files – click here;
- Ethiopia issues a Directive to regulate the opening and operations of offshore foreign-exchange accounts – click here;
- Qatar removed from EU ‘grey list’ – click here;
- OECD: Updated FAQs released on model reporting rules for digital platforms – click here;
- OECD Forum on Tax Administration agrees on action to support continued digital transformation, delivering Pillar Two and capacity building – click here;
Romania
- Taxes increase and new ones appear: Iohannis promulgated the law assumed by Ciolacu / What tax changes will take place and from when (RO) – click here;
- NAFA sends notices to taxpayers with outstanding tax liabilities. What are the risks assumed by those who do NOT pay their taxes and contributions on time (RO) – click here;
- NAFA Bulletin: four tax news published in the Official Gazette at the beginning of October 2023 (RO) – click here;
- List of contraventions that will be removed from the Prevention Law (RO) – click here;
- From the 1st of January 2024 a 1% turnover tax might be applied. Over 1,000 companies will be affected (RO) – click here;
- The Foreign Investors Council is concerned about the impact of the tax on turnover. The Foreign Investors Council’s president Daniel Anghel: "In most countries, this approach does not exist" (RO) – click here;
- Deloitte: The effective tax rate will increase considerably to 20%-30% after the new regulations come into force. The most affected industries are technology and telecoms, automotive and retail (RO) – click here;
- Daniel Anghel, PwC: Romania, once again with the biggest VAT gap in the EU. Uncollected VAT amounts to half of the budget deficit in 2021 (RO) – click here;
Webinars
- Country-by-Country Report Webinar – click here to read the presentation;
TP Cases
- Korea: Services fee arrangement satisfied arm’s length principle (Tax Tribunal decision) – click here;
- Korea: “Transfer pricing adjustment” under supply contract not “subsequent proceeds” for customs purposes – click here.
