brought to you by TPS
Europe
- EU leaders to call for harmonisation of insolvency and corporate tax laws – click here;
- E-News from the EU Tax Centre – click here;
- VAT and Transfer Pricing interaction to be considered by the CJEU – click here;
- Luxembourg tax administration publishes FAQs on Pillar Two clarifying disclosure requirements for deferred taxes – click here;
- Hungary’s 2024 Tax Audit Agenda Centers on Transfer Pricing – click here;
- The Dutch government has opened a consultation regarding adjustment of the division exemption in the transfer tax – click here;
Global
- KPMG report: Transfer pricing and ESG—improving governance by operationalizing transfer pricing – click here;
- Global Tax Policy and Controversy Watch | April 2024 edition – click here;
- Global Tax Shifts: Aligning Transfer Pricing with Evolving Business Models – click here;
- Bahrain: Deadline for country-by-country reporting filings for FY 2023 is 31 December 2024 – click here;
- Korea: Guidance regarding amendments to Pillar Two rules – click here;
- Report on recent US international tax developments – click here;
Romania
- Why NAFA is inefficient, even though it sits on a "mountain" of data / Future government will tax all of us who already pay (RO) – click here;
- April 15th, 2024: Deadline for submitting Declaration 700 to NAFA for exiting the micro-enterprises taxation system (RO) – click here;
- Related companies: what does indirect ownership mean in the context of the application of the micro-enterprises taxation system (RO) – click here or here or here;
- Suspended micro-enterprises. When they resume their activity can they remain in the micro-enterprises taxation system? (RO) – click here;
- Microenterprises in 2024. Tax rates are 1% or 3%, depending on turnover and/or field of activity (RO) – click here;
- NAFA’s information on the changes brought by GEO (Government Emergency Ordinance) 31/2024 to corporate income tax, micro-enterprises taxation system and VAT (RO) – click here;
- Progressive taxation in Romania, closer than you think. New warning from the government, "tax differentiation exists worldwide" (RO) – click here;
- Invoicing in E-Invoice: Chamber of Tax Consultant asks for clarification on the issuing of invoices by taxable persons with cancelled VAT code (RO) – click here;
- Cross-border payments: model and content of form 396, under public consultation of NAFA. Here are the instructions for completing it! (RO) – click here;
TP Cases
- The Advocate General (AG) proposes the CJEU to annul the EC’s decision that the special rule for certain financing income as in included in the CFC regime as applicable in the UK between 2013 and 2018 constituted illegal State Aid – click here.
