brought to you by TPS
Europe
- Dutch Senate Approves 2024 Tax Plans: Reviewing Key Amendments – click here;
- Swiss BEPS 2.0 Pillar Two implementation – Switzerland to apply QDMTT beginning 1 January 2024; IIR and UTPR delayed – click here;
- France: Tax-related provisions in finance law for 2024 – click here;
- Greece enacts legislation to implement Public Country-by-Country Reporting Directive – click here;
- Greece: Tax provisions in new law – click here;
- Poland: Refusal to apply preferential withholding tax treatment; R&D conducted by contractor treated as carried out by taxpayer – click here;
- Bulgaria: Amendments to VAT law effective 1 January 2024 – click here;
- Spain: Issues to be considered by financial, insurance industries when calculating VAT pro-rata for 2023 – click here;
- Sweden: Revaluation of tax base for VAT purposes for group-wide services – click here;
- North Macedonia: New rulebook on VAT registration of foreign taxpayers through a tax representative – click here;
- Serbia: Amendments to rulebook on e-invoicing adopted – click here;
- Cyprus: Registration in tax registry must be done electronically through taxpayer portal – click here;
- KPMG responds to European Commission public consultation on Transfer Pricing proposal – click here;
Global
- Effect of group membership on arm’s length interest rate on intragroup loans – click here and here;
- The Global Minimum Tax and the taxation of MNE profit – click here;
- Unveiling the Global Minimum Tax: Shaping Corporate Taxation – click here;
- Effect of group membership on arm’s length interest rate on intragroup loans – click here and here;
- Report on recent US international tax developments - 5 January 2024 – click here;
- Peru's Congress amends Tax Code rules on interest for refunds and penalties – click here;
- Accounting for income taxes considerations for the implementation of the Bermuda corporate income tax – click here;
- Bolivia: Certain taxpayers to implement online billing modality – click here;
- Malaysia: New indirect tax guidance effective 1 January 2024 – click here;
- Philippines: New law includes income tax, business tax, and VAT measures – click here;
Romania
- 2024 brings increased taxes by the Government (e.g. turnover tax, tougher restrictions on micro-enterprises, VAT and excise duties) (RO) – click here;
- The new tax measures could lead to higher inflation in 2024 (RO) – click here and here;
- Multinational companies present in Romania will pay additional tax from 2024 (RO) – click here;
- The RO e-Invoice system: Companies issue both physical and digital invoices in a hybrid system for transactions with other companies, but from the middle of 2024 invoices will only be issued digitally through NAFA (RO) – click here;
- Ministry of Finance: 5 million invoices registered in the e-Invoice system, with a total worth of RON 25 billion (RO) – click here;
- e-Invoice problems: It's not the taxpayers' fault. Accounting software indicate a number of important errors (RO) – click here and here;
- What you need to know about e-Invoice fines (RO) – click here;
- NAFA has carried out 87,000 tax inspections on Romanian companies in one year (RO) – click here;
- The Minister of Finance: We are all reaping the rewards of the common tax rate (RO) – click here;
- Bolos will propose appointments for the positions of vice-presidents and general secretary of NAFA (RO) – click here;
Webinars
- Webinar: Update of the economic impact assessment of the Global Minimum Tax – click here to watch it;
TP Cases
- Tax Cases to Watch in 2024: Microsoft, Freshfields Partner, Apple, and SKAT – click here.
