brought to you by TPS
Europe
- Albania introduces new income tax framework, bringing significant changes from 2024 – click here;
- Belgium: IPT proposals would create new obligations for intermediaries and beneficiaries – click here;
- Cyprus: EU Updates List of Non-Cooperative Countries for Tax Purposes: Implications for Cyprus Businesses – click here;
- Germany’s New Transfer Pricing Laws – click here;
- Hungary's draft legislation on BEPS 2.0 Pillar Two introduced to Parliament – click here;
- Ireland: Judgment of General Court regarding tax rulings issued to multinational group must be set aside – click here;
- Italy: Government approves draft decree including significant international tax measures – click here;
- Sweden: Final legislative proposal to implement EU Pillar Two directive released – click here;
- EU Parliament Delegation Discusses OECD Two-Pillar Solution and Other Matters with U.S. Representatives – click here;
- How to manage ESG, value chains, and transfer pricing considerations – click here;
- ECOFIN Council and European Commission endorse progress made by the Inclusive Framework in respect of Pillar One and Pillar Two – click here;
- New transfer pricing rules to make life easier for businesses in the EU – click here;
- Transfer Pricing Reforms in the EU through BEFIT proposal – click here;
Global
- The Changing Landscape of International Tax Evasion and the Quest for Tax Justice – click here;
- Global Forum publishes eight new peer review reports on transparency and exchange of information on request – click here;
- Public consultation on additional toolkit to support developing countries in addressing BEPS risks when pricing minerals – click here and here;
- Transfer Pricing Brief: November 2023 – click here;
- Australia: Updated practice compliance guideline on simplified transfer pricing record-keeping options, new safe harbor – click here;
- Panama: Removal from anti-money laundering “grey list” – click here;
Romania
- The Fiscal Code, amended by Law 296/202. What changes have been made to taxes and duties (RO) – click here;
- From 5 November 2023 taxpayers will NO longer receive a warning, but directly a fine, for certain violations of the Fiscal Procedure Code (RO) – click here;
- 12 essential questions about D406 (RO) – click here;
- Microenterprises in 2024: Can a company switch to micro tax if it has one employee with “IEC – Individual Employment Contract” but not working full time? (RO) – click here;
- The law is in the Official Gazette, but consultants still don't know exactly how the 1% turnover tax on large companies will apply. " Any company with a profit rate above 6% has no problems." Alex Milcev, EY Romania: There are still many uncertainties in the tax package. We are waiting for clarification (RO) – click here;
- Why the Government might scrap the turnover tax for large companies: OECD forces us to transpose a directive (RO) – click here;
- Attention to e-Invoice from 2024: the fine will be equal to the VAT / Who is responsible for the e-Invoice data: the accountant or the entrepreneur? What Dan Manolescu says (RO) – click here;
- Anti-fraud inspectors check the application of the Government Emergency Ordinance 67/2023. Fines up to RON 2 million have been imposed on taxpayers (RO) – click here;
- By 1 January 2024 the taxpayer lists will be updated. NAFA proposes new rules for companies administration (RO) – click here;
TP Cases
- U.S. Tax Court: Brazilian legal restriction not taken into account in determining arm’s length transfer price under section 482 – click here;
Webinars
- How to navigate FTTP Controversy, 30 th November 2023 – click here.
