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.

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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.

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