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.

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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

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