brought to you by TPS
Europe
- E-News from the EU Tax Centre – click here;
- EY Global Tax Controversy Flash Newsletter (Issue 65) | Organisation for Economic Co-operation Development expresses support for ICAP program – click here;
- Moldova: Public country-by-country reporting implemented – click here;
- Turkiye proposes a draft law amending various tax laws affecting corporations and individuals doing business abroad – click here;
- Belgium: Draft law proposes new stricter CFC rules – click here;
Global
- Transfer Pricing Brief: December 2023 – click here;
- Tax Bites Podcast – How to get Pillar 2 ready: a step-by-step approach – click here;
- Australia: Judgment on embedded royalties and application of DPT publicly released (Federal Court decision) – click here;
- Australia to negotiate new tax treaties with Ukraine and Brazil – click here;
- Brazil tax reform brings challenges to service sectors – click here;
- Costa Rica: Updated tax brackets for 2024 – click here;
- Thailand: Required reporting by digital platform operators – click here;
- Ecuador: Tax Authority issues new transfer pricing regulations – click here;
Romania
- The nominal list of large taxpayers to be administered by the General Directorate of Administration of Large Taxpayers starting from January 1, 2024 (RO) – click here and here;
- Tax changes in 2024: The taxation regime of micro-enterprises will be modified again by the Ministry of Finance (RO) – click here;
- Tax changes in 2024: The Ministry of Finance proposes new changes to corporate tax, micro-enterprises income tax, VAT, but also for payroll taxes (RO) – click here;
- The 1% or 3% rates for micro-enterprises will not be set taking into account the incomes registered at 31st December, 2023 (RO) – click here;
- E-invoicing updates for established persons and nonresident VAT payers (RO) – click here and here;
- This year, the deadline for filing the tax obligations for November is December 21, 2023 (RO) – click here;
- D101 filing. The Form for the last quarter of 2023 can be submitted to NAFA until June 25, 2024 (RO) – click here and here;
- Late submission of tax returns: penalties for failure to meet the deadlines (RO) – click here;
- NAFA actions for revenue collection: 4,000 tax inspection and tax decisions of RON 446 million in November 2023 (RO) – click here;
- Fiscal Council: 2024 budget deficit likely to significantly exceed 2023 budget deficit (RO) – click here;
- The government adopted the budget for 2024, with a deficit of 5% of GDP (RO) – click here and here;
- Using tax incentives: what do Romania, Poland, Czech Republic and Hungary offer? (RO) – click here;
- Three different taxes for companies from 2024. Which one will they pay? (RO) – click here;
TP Cases
- Luxembourg: EC erred in finding grant of State aid based on OECD Transfer Pricing Guidelines (CJEU judgment) – click here.
