brought to you by TPS
Europe
- Northern Ireland: A new tax haven? The European country that wants to sharply lower income tax to attract companies and investors – click here;
- Norway: Tax authorities provide updates at annual transfer pricing seminar – click here;
- Hungary: Navigating Hungary’s Pillar Two: Accessing Transitional Safe Harbor for Businesses – click here;
- Belgium Adopts Amendments to Pillar Two Global Minimum Tax Rules – click here;
- Estonia aligns tax laws with EU directives – click here;
Global
- United States: 2023 a great year for APAs in the US – click here and here;
- Costa Rica announces consultation on draft legislation for reporting on digital platform operators – click here;
- Canada: Transfer Pricing 2024 – click here;
- Kenya: Tax proposals in Finance Bill, 2024 include implementation of Pillar Two global minimum tax – click here;
- Ghana mandates transfer pricing compliance in CbC reporting – click here;
- Malaysia: Updated advance pricing arrangement guidelines – click here and here;
- The impact of transfer pricing on multinational enterprises (MNES) in the Middle East – click here;
- OECD Tax Talks: Urgency Mounts as Deadline Looms for Pillar One Progress – click here;
- Statement from OECD 2024 Ministerial Council Meeting covers topics including tax, AI – click here;
Romania
- Controversial law that amnesties the evasion under €1 million published in the Official Gazette (Law 126/2024) (RO) – click here to read the article and click here to read the law;
- The new offence criminalised by Law 126/2024 / What is the penalty and what problems arise in practice (RO) – click here;
- Law on combating tax evasion, amended by Law 126/2024. What are the changes (RO) – click here;
- Prison for e-Invoice: What Law 126/2024 says (RO) – click here;
- Adrian Caciu, Minister for European Investments and Projects: "We have very high tax evasion. EUR 32-33 billion are lost annually" (RO) – click here and here;
- Government Emergency Ordinance 43/2024. ALL tax changes to the Tax Code explained in a comparison table (RO) – click here;
- When will the National Bank of Romania lower the key interest rate? (RO) – click here and here and here;
- Given that in the first quarter of 2024 we had an economic growth of only 0.1%, well below expectations, are we close to recession? Mugur Isarescu, National Bank of Romania: We do not take it in consideration (RO) – click here;
- The European Commission has significantly worsened its forecast for Romania's budget deficit in 2024 (RO) – click here;
- The tax authorities have published the lists of taxpayers with outstanding tax liabilities as of 31 March 2024 (RO) – click here and here;
- NAFA carried out 7,300 tax checks and anti-fraud checks on companies in April 2024 (RO) – click here and here;
- NAFA calendar: 10 tax declarations that must be submitted by 27 May 2024 (RO) – click here;
- Reminder! What is the deadline for filing the annual financial statements in 2024 (RO) – click here;
TP Cases
- UK Tax Round Up - April 2024 – click here;
- UK: A Kwik decision from the Court of Appeal – click here;
- Italian Supreme Court decision confirms stance on intercompany services – click here;
- Czech Republic: Transfer prices for advertising expenses; statutory rate of interest on retained VAT deductions upheld – click here;
Webinars
- Today’s challenges in tax disputes – the art of staying out of trouble, June 7 2024 – click here.
