brought to you by TPS
Europe
- Euro tax flash from EU Tax Centre – click here;
- Italy shortens deadlines for preparing transfer pricing documentation – click here;
- Italy issues ministerial decree providing implementation rules for Investment Management Exemption regime – click here;
- Spain: Digital platform operators must file returns under DAC7 by 8 April 2024 – click here;
- Poland announces date of the planned implementation of Global Minimum Tax (Pillar 2) – click here;
- France: Updated FATCA (Foreign account tax compliance act) reporting technical guidance – click here;
Global
- G20 Finance Ministers continue focus on finalizing the BEPS 2.0 project – click here;
- OECD: Secretary General’s tax report to G20 Finance Ministers – click here;
- KPMG report: Taxpayer options for fixing federal tax return mistakes – click here;
- Australia: KPMG comments on revised draft legislation implementing public country-by-country reporting – click here;
- Australian businesses face growing transfer pricing uncertainty – click here;
- Canada: OECD releases transfer pricing guidance on a simplified and streamlined approach (Amount B of Pillar One) – click here;
- Cambodia: Market interest rate for related party loans; incentives for voluntary amendment of tax declarations – click here;
- Colombia: Corporate compliance for legal entities with presence in Colombia for FY 2024 – click here;
- Vietnam clarifies application of Double Tax Treaty – click here;
- India: Centralization of FATCA and CRS (Common reporting standard) self-certifications – click here;
Romania
- E-Invoice: the Ministry of Finance releases the simplified version of the application. Since when can it be used (RO) – click here and here;
- E-Invoice | the Minister of Finance: Deadline for non-enforcement of fines could be extended until the end of June (RO) – click here and here;
- You haven't used e-Invoice? NAFA will send you notifications (RO) – click here;
- PwC Romania video tax conference | Legislative changes and tax reporting: what are the practical implications of the new taxes for companies, the restriction of facilities for employees, e-Invoice and e-Transport? (RO) – click here;
- NAFA clarifications regarding the filing and submission of the annual corporate income tax return (RO) – click here;
- NAFA modifies several tax returns: D101, D101 for Tax Group, D301, D307, D311 and form 710 (RO) – click here;
- Romania's economic increase is expected to accelerate to 2.9% in FY 2024 and inflation will decrease (RO) – click here;
- First test for the FY 2024 state budget. Delayed expenses at the end of FY 2023 can be seen in January 2024: budget deficit has doubled (RO) – click here;
- Deloitte CFO Summit 2024. Alexandru Reff, Country Managing Partner at Deloitte Romania and Moldova: FY 2024 will be a better economic year than FY 2023. Chief financial officers are more prudent because they manage risks and costs (RO) – click here;
- The Minister of Finance, Marcel Bolos: Fitch decision reconfirms that the Romanian Government has taken the right and necessary measures (RO) – click here;
- NAFA collected more than estimated in February, a month historically considered to bring the lowest revenues of the year to the state budget (RO) – click here;
- The government had a huge deficit in February, with large sums used for the army. The deficit for the first two months of 2024 has already reached a record level (RO) – click here;
- NAFA - General Directorate for Tax Anti-Fraud's activity will become more efficient through digitalization (RO) – click here;
- Clarifications made by Minister Bolos regarding related enterprises in the case of married persons (RO) – click here;
TP Cases
- Peru's Tax Court confirms withholding on deemed dividends Peruvian branches pay to Andean Community parent – click here;
- Medtronic transfer pricing dispute: IRS vs. taxpayer methods on trial – click here;
Webinars
- How AI benchmarks save 80% of time for transfer pricing advisors – click here.
