brought to you by TPS
Europe
- Germany: The Ministry of Finance (MOF) publishes final guidance on Tax Haven Defense Act – click here;
- Germany approves Act to apply BEPS MLI to nine tax treaties – click here;
- Italy proposes draft public CbCR legislative decree – click here;
- Czech Republic updates jurisdictions list for automatic exchange of financial account information – click here;
- CFE’s Tax Top 5 – 24 June 2024 – click here;
- Conclusions of June 21 ECOFIN meeting – click here for the press release and here for the report;
Global
- OECD: Resource guide on the OECD's Pillar One Amount B report – click here;
- Navigating Transfer Pricing vis-à-vis Environmental, Social, and Governance (ESG) norms – click here;
- Accounting for income tax implications of Pillar Two GloBE top-up taxes – click here for the press release and here for the report;
- United States: KPMG report: Treasury and IRS guidance on partnership “basis shifting” transactions – click here for the press release and here for the report;
- Switzerland and the United States agree on a mutual exchange of financial account data that is expected to apply from 2027 – click here;
- Canada: Outstanding tax measures enacted, including Pillar Two, EIFEL, hybrid mismatch, clean economy, and GAAR – click here for the press release and here for the report;
- Australia: Global and domestic minimum tax – click here;
- Mexico: Uncertainty remains regarding deductibility of net interest at group level – click here;
- Singapore: IRAS publishes the seventh edition of the e-tax guide on transfer pricing – click here;
- Chile extends deadline for transfer pricing tax forms submission – click here;
- Azerbaijan publishes law ratifying BEPS MLI – click here;
- Algeria signs BEPS MLI – click here;
Romania
- Real time tax reporting – major objective at EU level, including in Romania (RO) – click here;
- New regulation expands e-invoicing mandate to B2C transactions (RO) – click here;
- Avalanche of fiscal changes from July 1st. What are the new rules that companies need to apply regarding e-Invoice, e-Transport and e-VAT (RO) – click here;
- Members of the Organization of Women Entrepreneurs (OWE) within the General Union of Industrialists in Romania (GUIR) demand the Government to abandon e-VAT and the extension of e-Invoice (RO) – click here;
- Fiscal measures document: changes applied to e-VAT. The compliance notice will be submitted in 20 days – project draft (RO) – click here for the press release and here for the Government Emergency Ordinance (GEO) project;
- Scenarios under discussion – The increase of the VAT rate to 22% and the increase of the income tax rate to 16%. Budget spendings frozen for 2 years (RO) – click here and here;
TP Cases
- Full Federal Court rules in favour of PepsiCo / Australia vs PepsiCo, Inc., June 2024, Full Federal Court, Case No [2024] FCAFC 86 – click here and here.
