brought to you by TPS
Europe
- E-News from the EU Tax Centre – click here;
- KPMG report: Transfer pricing implications of Pillar Two minimum tax rules – click here;
- Netherlands: 2024 Tax Plan package and law implementing Pillar Two global minimum tax enacted – click here or here;
- Luxembourg: Law implementing Pillar Two global minimum tax enacted – click here;
- Belgium: Pillar Two global minimum tax rules adopted by Parliament – click here or here;
- Hungary enacts local legislation on BEPS 2.0 Pillar Two – click here;
- Ireland: Legislation implementing Pillar Two signed into law – click here;
- CJEU Judgment: Luxembourg State Aid Case – click here;
- Spain: Requirements for billing systems as of July 1st, 2025 – click here;
- Estonia: Board member liable for taxes; Finnish tax liability collectible (Circuit Court decisions) – click here;
- Luxembourg: Overview of certain tax developments for 2024 – click here;
- Poland B2B KSeF E-Invoices – click here;
Global
- The OECD released further technical guidance to assist governments with the implementation of the global minimum tax under Pillar Two – click here or here;
- The Latest on BEPS and Beyond – click here;
- Hong Kong: Update on implementation of Pillar Two global minimum tax – click here;
- Saudi Arabia: Zakat treatment of related-party transactions; thresholds for transfer pricing documentation – click here;
- Kazakhstan’s Transfer Pricing Legislative Amendments 2023 – click here;
- Russia announces transfer pricing changes from 2024 – click here;
- Costa Rica announces CIT brackets for 2024 – click here;
- United States Treasury provides guidance on the creditability of Pillar Two taxes, grants relief for pre-GloBE DCLs and extends temporary relief from FTC regulations – click here;
- United States Treasury announces entry into force of the United States-Chile tax treaty – click here;
- Notice 2024-7: Relief from additions to tax for failure to pay with respect to certain 2020 and 2021 income tax returns (COVID-19) – click here;
Romania
- Minimum turnover tax: what challenges face in companies when applying it (RO) – click here;
- Minimum turnover tax: its application is complex and requires rules from tax authorities (RO) – click here;
- Do you own a micro-enterprise? What changes does the GEO 115/2023 bring you? (RO) – click here;
- How much does it cost the qualified digital certificate used to submit e-Invoice to NAFA from January 1st, 2024 (RO) – click here;
- Six main steps for offsetting amounts recovered in court by taxpayers from local authorities against taxes due to the state budget. What uncertainties remain? (RO) – click here;
- Companies that don't file their annual financial statements on time lose their micro-enterprise status starting on 2024 (RO) – click here;
- The fines established by Law 82/1991 were increased according to GEO 115/2023 (RO) – click here;
- Medium-sized taxpayers 2024. List of medium-sized taxpayers and useful case studies (RO) – click here;
- NAFA debts verification (white list vs debtors list). How to check if your business partners owe debts to NAFA (RO) – click here;
- Micro-enterprise in 2024: Under what conditions could companies with 6920 NACE code switch to paying the micro-enterprise tax? (RO) – click here;
TP Cases
- Cabot Transfer Pricing wins an appeal against a tax decision worth RON one million – click here.
