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Europe
- E-News from KPMG's EU Tax Centre – click here;
- Austria approves public CbC reporting – click here;
- Switzerland and Hungary sign protocol to update double taxation agreement – click here;
- Belgium further enhances its transfer pricing documentation and filing requirements – click here;
Global
- OECD: Selection documentation package requirements for International Compliance Assurance Programme (ICAP) – click here;
- Transfer pricing Q2 briefing – click here;
- Taiwan: Companies should calculate interest income from loans to others in accordance with the income tax act – click here;
- Bangladesh passes Finance Act 2024 – click here;
- Argentina updates list of non-cooperative tax jurisdictions – click here;
- Turkey proposes draft bill amending tax laws for corporations and individuals – click here;
- Turkey proposes to introduce Pillar Two rules to be effective from 2024 – click here;
Romania
- Small business SAF-T implementation: Taxpayers should not rely on a postponement, but should start preparations already (RO) – click here;
- The e-Transport system is available in the App Store and Google Play (RO) – click here;
- Draft: The date of submission of the recapitulative statement on intra-community supplies/ purchases/ services has been set (RO) – click here;
- The Ministry of Finance intends to update the size criteria for reporting entities (RO) – click here;
- The dispute between fixed and permanent establishment controversy from a VAT perspective continues. How to avoid the risks of taxation by NAFA? Which industries are targeted? (RO) – click here;
- e-VAT: If the explanatory notes provided by taxpayers are not understood, the tax authorities may initiate a tax inspection or issue tax assessment decisions (RO) – click here;
- The relationship between experts from the Ministry of Finance and external experts has been blocked / Dan Schwartz (Managing Partner RSM): Instead of queuing up to submit a form at a NAFA counter, we queue up online (RO) – click here;
- Can the economy sustain more tax increases? A Tax Council's expert tells us how the data looks like and what distorts the Laffer Curve; underground economy probably exceeds 20% of GDP (RO) – click here;
- Order 3100/2024. The deadline for filing accounting reports as of June 30, 2024 is August 19, 2024 (RO) – click here;
TP Cases
- Supreme Court dismisses Centrica’s appeal on management expenses – click here;
- Canada: Only Federal Court can review discretionary decisions of tax authority in transfer pricing matters – click here.
