Europe

  • Cyprus: Draft legislation implementing Pillar Two global minimum tax rules – click here;
  • Cyprus announces 2024 reference rates for notional interest deduction – click here;
  • Cyprus: Navigating Cyprus' Transfer Pricing Landscape: Updated Thresholds – click here;
  • Italy: Transfer pricing requirements for investment manager exemption – click here;
  • Malta: Guidance on implementation of Pillar Two global minimum tax – click here;

Global

  • US: Amounts B and B-plus? – click here;
  • United States and Turkey announce updated digital services tax agreement – click here;
  • EY Global Tax Controversy Flash Newsletter (Issue 67) | Transfer pricing and customs valuation – a hot topic in Asia-Pacific – click here;
  • Recent Korean TP precedents: insights into strategic tax audits and appeal preparation – click here;
  • KPMG report: New beneficial ownership information reporting requirements – click here;
  • A closer look at the simplified and streamlined approach (Amount B) – click here;

Romania

  • The Government approved the establishment in 2025 of some county structures of the General Anti-Tax Fraud Directorate within NAFA, in an attempt to eliminate tax evasion and increase the revenues collected at the state budget (RO) – click here and here;
  • PwC Romania's opinion on tax inspections: The major areas of interest have generally remained the same, but NAFA's approaches have become innovative and more complex. A few warnings for taxpayers (RO) – click here;
  • The paradigm of tax inspections in the field of transfer pricing is changing. What's next and what do large companies with operations in Romania need to know? (RO) – click here;
  • Large taxpayers paid RON 180 billion to NAFA last year, an increase of 2.9% compared to 2022, the amounts collected from these companies representing almost half of the total revenues of the Agency (RO) – click here and here;
  • The extended e-Invoice application is available also in English, but not also the related documentation / Non-resident taxpayers have compliance issues (RO) – click here;
  • Do you have several companies and exceed cumulatively EUR 500,000 revenue? None of them can be on the micro regime anymore / The new clarifications of the Ministry of Finance (RO) – click here and here;
  • The EUR 100,000 threshold for micro-enterprises to be discussed with the European Commission by the Ministry of Finance. European Commission representatives are coming to Bucharest on 18th of March (RO) – click here;

TP Cases

  • Australia vs Singapore Telecom Australia Investments Pty Ltd, March 2024, Full Federal Court of Australia, Case No [2024] FCAFC 29 – click here;
  • India: Tested Party Normally Should Be Least Complex Party To Controlled Transaction, Reiterates Calcutta High Court – click here;
  • Hierarchy of TP methods: practical learnings from a Swiss case – click here;

Webinars

  • Quantera Global webinar: Transfer Pricing for Scale-ups | Thursday 27 March, 2024 – 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.

Contacts

email: letstalk@transferpricing.global 

phone: 0040 742 159 142

 

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