Europe

  • European Commission and Council release statements on BEPS 2.0 progress – click here;
  • European Commission Adjusts Phase-Out of State Aid Temporary Crisis and Transition Framework – click here;
  • Czech Parliament Approves Law Containing Various Budget and Tax Reform Measures for 2024 Including Corporate Tax Rate Increase and Public CbC Reporting – click here;
  • Finland Publishes Synthesized Text of Tax Treaty with Romania as Impacted by the BEPS MLI – click here;
  • Italian Government Empowered to Implement Incentives Reform – click here;
  • Luxembourg updates draft legislation on implementation of the EU Minimum Tax Directive – click here;
  • Moldova Regulates Implementation of Automatic Exchange of Financial Account Information – click here;
  • Norway Publishes Synthesized Text of Tax Treaty with the UK as Impacted by the BEPS MLI – click here;
  • Spain Publishes Synthesized Text of Tax Treaty with Vietnam as Impacted by BEPS MLI – click here;

Global

  • Multinational enterprises continue reporting low-taxed profit, even in jurisdictions with high corporate tax rates, underlining need for global tax reform – click here;
  • Corporate Tax Statistics 2023 – click here;
  • Statutory Corporate Income Tax Rates – click here;
  • OECD: Aggregated country-by-country reporting data – click here;
  • The OECD released the Corporate Tax Statistics 2023 and the accompanying working paper “New evidence on global low-taxed profit” – click here;
  • KPMG report: Pillar Two implications for “U.S. sandwich structures” – click here;
  • ITR Awards 2024 opens for nominations – click here;
  • Platform for Collaboration on Tax Releases Progress Report 2023 – click here;
  • Indo-Pacific Economic Framework For Prosperity Partners Sign Supply Chain Agreement – click here;
  • Canada's new trust reporting requirements apply for first time to 2023 tax year – click here;
  • Fiji Joins Global Forum on Transparency and Exchange of Information for Tax Purposes – click here;
  • Taiwan Notice on Payment of Assessed Provisional Enterprise Income Tax – click here;
  • Barbados to levy 9% corporate tax, adopt global minimum tax – click here;
  • Indian Supreme Court urged to review MFN tax ruling – click here;
  • Russia Introducing List of Jurisdictions Not Exchanging Country-by-Country Reports – click here;
  • Azerbaijan Signs BEPS MLI – click here;
  • Bermuda government releases draft legislation for adoption of a 15% corporate income tax – click here;
  • Bermuda Launches Third Consultation on Corporate Income Tax Regime for Large MNEs in Response to Pillar 2 Global Minimum Tax – click here;

Romania

  • Officials of the Directorate General for Tax Fraud do not use the NAFA Call Center in dealing with taxpayers (RO) – click here;
  • From 1 July 2024 the tax rate for income that cannot be substantiated increases to 70% (RO) – click here;
  • Stopping tax evasion: Romanians who report tax evaders could receive 1% of the value of the fraud, announces Marcel Bolos (RO) – click here;
  • Deloitte assisted NAFA in the project to amend the tax inspection legislation. Dan Badin, partner: The completion of this project is a step forward in the modernization of the inspection activity, but it represents only one stage of the reform process, which must continue with the implementation of a modern integrated risk management system (RO) – click here;
  • Budget forecast for FY 2024. Budget revenues increase by 9% to RON 536 billion, but there are many unknowns in the budget equation (RO) – click here;
  • Flat rate of 16% with no exceptions or progressive tax? Marcel Bolos: We are waiting for the budgetary impact of the tax measures. Today we took out RON 13.6 billion from the Reserve Fund (RO) – click here;
  • Transfer pricing among cross-border expansion challenges for IT start-ups (RO) – click here;
  • The Prime Minister will decide on changes at the top of the institutions with audit and control attributions under the Ministry of Finance (RO) – click here;
  • Clear signals from the NBR that new tax hikes are expected. Economy slows more than expected and will grow below potential (RO) – click here;
  • Proposal to return to half payment of fines in 15 days for contraventions of the Accounting Act, Tax Code, Tax Procedure Code. PNL wants to repeal a provision it introduced in coalition with PSD (RO) – click here;
  • Changes for individuals. Documents in a foreign language may be submitted to NAFA only with a certified translation (RO) – click here;
  • Anti-fraud inspections: fines of over RON 8.3 million imposed by General Anti-Fraud Directorate inspectors (RO) – click here;

Webinars

  • Creating Comprehensive Audit Trails for DAC6 in Transfer Pricing Engagements | November 29 @ 4:00 pm - 5:00 pm – click here;
  • Quantera Global 10 years webinar series: Financial Transactions | Thursday 30 November, 2023 – click here;
  • Quantera Global 10 years webinar series: Scandinavia | Thursday 14 December, 2023 – 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.

Contacts

email: letstalk@transferpricing.global 

phone: 0040 742 159 142

 

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