brought to you by TPS
Europe
- Germany: Parliament approves legislation introducing e-invoicing mandate – click here;
- Ireland: Tax changes for the asset management and funds industry, including Pillar Two rules – click here;
- Luxembourg: Guidance under Pillar Two law relating to inclusion of deferred tax assets and liabilities in computing ETR – click here;
- Poland: Parliament passes public CbC reporting legislation – click here;
- Ukraine revises form and procedures for country-by-country (CbC) reports – click here;
Global
- Global Forum Publishes Eight New Peer Review Reports on Transparency and Exchange of Information on Request - click here;
- Colombia: CUP method valid for commodity transactions without quoted prices – click here;
- Ethiopia Updates Transfer Pricing Directive – click here;
- Panama Publishes List of Participating Jurisdictions Under common reporting standard (CRS) – click here;
Romania
- NAFA: Announcement on the communication of notices for the application of / withdrawal from the taxation system for micro-enterprises (RO) – click here;
- NAFA: Announcement regarding the submission of financial statements by micro-enterprises (RO) – click here;
- Small & Medium Sized Companies representatives reject the decision to decrease the micro-enterprises classification related threshold from EUR 500,000 to EUR 100,000 (RO) – click here;
- Companies that have not used E-Invoice so far have started receiving notifications from NAFA (RO) – click here;
- New E-Invoice sanctions deadline. Until 31st May 2024 no fines will be applied for not submitting invoices (RO) – click here;
- NAFA’s Calendar 2024: List of April’s tax obligations for companies and other taxpayers (RO) – click here;
- Digitisation of tax reporting – stages established for 2024. What are the changes in relation to E-Invoice? (RO) – click here;
- The first change to the Tax Code during this year, published in the Official Gazette. What's new (RO) – click here;
- The reclassification of consultancy and management expenses remains the challenge for closing the year 2023 (RO) – click here;
- A new important tax solution: The General Directorate for the Settlement of Appeals of the Ministry of Finance cancels a tax decision because the re-inspection was unlawful (RO) – click here;
TP Cases
- French Court rules on transfer pricing issue concerning a financial transaction – click here;
- Netherlands: Interest deduction denied under fraud provision of corporate income tax law (Supreme Court decision) – click here;
- South Africa: Comparable uncontrolled price method held most reliable method (court decision) – click here.
