brought to you by TPS
Europe
- Commission to evaluate functioning of Anti-tax Avoidance Directive – click here;
- CFE’s Tax Top 5 – 29 July 2024 – click here;
- CFE’s Global Tax Top 10 – July 2024 – click here;
- Tax implications of recent elections in Europe – click here;
- UK: Pillar Two: CbCR safe harbour anti-arbitrage rule draft legislation – click here;
- Belgium Enhances Transfer Pricing Documentation and Filing Requirements – click here and here;
- Austria: Public country-by-country reporting implemented, draft amendments to transfer pricing guidelines – click here;
- Luxembourg: Reduction in corporate and individual tax rates proposed – click here;
- Poland: Domestic rules implementing DAC6 unconstitutional to extent tax advisors obliged to violate professional secrecy – click here;
- Bulgaria approves pending CbC report exchange agreement with the US – click here;
Global
- Committed to compliance: Preparing for Pillar Two report available – click here;
- OECD: Updates to G20 finance ministers cover topics including international tax reform – click here;
- OECD: Beneficial Ownership and Tax Transparency – Implementation and Remaining Challenges – click here;
- Report on the twenty-eighth session Committee of Experts on International Cooperation in Tax Matters – click here;
- United Nations: Revised terms of reference for framework on international tax cooperation released – click here;
- Australia: 2024 Completed issues – (This page will display a list of completed public advice and guidance issues for the 2024 year) – click here;
- Australia: Pillar Two Global and Domestic Minimum Tax Working Group – click here;
- Mexico: Qualified Maquiladora Approach for 2020-2024 maquiladora APA program renewed – click here and here and here;
- Singapore: Analysis of latest transfer pricing updates and developments – click here and here;
- India: Tax residency certificate presumptive proof of business activity for purposes of India-Mauritius treaty – click here for the release and here for the report;
- Kuwait: Government enacts decree endorsing tax treaty with UAE – click here;
- Colombia: the National Tax Authority addresses concept of beneficial owners of income in tax treaties – click here;
- Guatemala: The Guatemalan Superintendency of Tax Administration (SAT) has been scrutinizing certain transactions between domestic related parties – click here;
- Bahamas: Amendments to the Automatic Exchange of Information (AEOI) regulations – click here;
Romania
- Ten questions and answers related to the application of the global minimum tax in Romania (RO) – click here;
- Taxation of the multinational companies in Romania (RO) – click here;
- The Ministry of Finance proposes 6 important changes in the Fiscal Procedure Code (RO) – click here for the press release and here for the Government Ordinance;
- NAFA - record tax collections in July. The syncope of June was recovered and the total collected amount is RON 2 billion in addition to the initial planned amount (RO) – click here;
- It's official: NAFA has published the "white list" and "list of shame" for the second quarter of 2024 (RO) – click here and here for the press releases, here and here for reading the lists;
- Marcel Ciolacu, the Romanian Prime Minister, announces a new stage in the digitization project of the National Trade Register Office (NTRO): We are reducing the time required to set up a company from 72 hours to just 24 hours (RO) – click here;
- Accountants complain about the way the new platform from the National Trade Register Office works/ They say they can't upload documents, they don't have access to the history or they receive meaningless requests (RO) – click here;
- Pre-filled e-VAT statement. The model of the form was approved by Order 3775/2024 (RO) – click here and here;
- The Accountants' Association requests an end to the chaotic regulations in the Romanian e-VAT system (RO) – click here;
- News related to the procedure for the operation of the Romanian e-Transport system (RO) – click here;
- Why is the housing tax at risk of tripling from next year / How will e-Property work, the new calculation mechanism (RO) – click here and here;
- Fiscal consultants ask additional clarifications from the Ministry of Finance: Do companies with cancelled VAT codes have the obligation to issue invoices using the e-Invoice system? (RO) – click here and here;
- What does the digital Personal Numeric Code (PNC) mean: a Unique Identification Code (UIC) for individuals. Individuals who send tax documents to NAFA will be able to use a unique tax identification code instead of the PNC (RO) – click here and here for the press releases and here to read the Government Ordinance;
TP Cases
- Belgium: CJEU rules that DAC 6 is valid and may remain in force – click here and here;
- The Netherlands: Recent Dutch case law on two transfer pricing disputes (on a transfer pricing dispute regarding a transfer of business and corresponding valuation and on the deductibility of interest expenses of a shareholder loan) – click here and here;
Webinars
- Attention, taxpayers: This month's NAFA webinar schedule – click here for the press release and here for details and sign-up forms.
