brought to you by TPS
Europe
- Belgium: Draft bill to implement EU Pillar Two directive submitted to parliament – click here;
- Germany: Law implementing Pillar Two global minimum tax passed by lower house of Parliament – click here;
- Poland: Extended deadlines for transfer pricing reporting – click here;
- Switzerland: Obtaining transfer pricing certainty important under Pillar Two rules – click here;
- Tax treaty between Czech Republic and Kosovo will apply as from 1 January 2024 – click here;
- Croatia-Cyprus tax treaty signed and published – click here;
- Netherlands Honored by OECD for Efficient Resolution of Transfer Pricing Cases – click here;
Global
- OECD releases information and statistics on Mutual Agreement Procedures – click here;
- Barbados: Proposed rules to implement Pillar Two global minimum tax – click here;
- Bermuda: Third public consultation related to proposed corporate income tax – click here;
- Brazil: Modification of multiple-year data table under new transfer pricing rules – click here;
- Fiji joins global forum on tax transparency – click here;
- Kuwait joins the Inclusive Framework on BEPS and joins in the agreement to implement the Two-Pillar Solution – click here;
- South Africa: SARS issues updated guide on taxation – click here;
Romania
- New accounting rules: A sustainability report will be introduced for large and medium-sized companies in order to replace the non-financial statement (RO) – click here;
- Anti-money laundering: From 22 th November 2023 reports are sent via the new ONPCSB IT system (RO) – click here;
- European Commission significantly revises forecast for Romania: economic growth is slowing down, budget gap will be much higher than estimated a few months ago (RO) – click here;
- The e-Invoice regulation is not complete: double invoices, unlimited fine value, some taxpayers will be penalised twice / Chamber of Tax Consultants requests explanations (RO) – click here;
- Between taxation and tax seizure: increased tax on unjustified income (RO) – click here;
- The Ministry of Finance expects to collect more than RON 7 billion from turnover tax over the next three years. More than 400 companies - affected and other 600 already paying higher corporate tax (RO) – click here;
- NAFA is preparing to update the large and medium taxpayers lists (RO) – click here;
- Minimum turnover tax: who is required to pay it, calculation formula and deductions from minimum tax (RO) – click here;
Webinars
- Creating Comprehensive Audit Trails for DAC6 in Transfer Pricing Engagements – 29 th November 2023 – click here;
- Webinar KPMG in Romania: Taxation of the purchase of services from non-resident providers and permanent establishments – 29 th November 2023 – click here.
