Europe

  • Ireland: Updated Automatic Exchange of Information (AEOI) guidance – click here for the press release and here for the report; click here to read the guide;
  • Ukraine: Multilateral Competent Authority Agreement (MCAA) for financial data exchange enters into force – click here and here;
  • Liechtenstein: Automatic Exchange of Information (AEOI) reports for the Maldives must be resubmitted by September 15, 2024 – click here for the press release and here for the report;

Global

  • OECD: Toolkit for developing countries regarding pricing of lithium published – click here and here for the press release and here for the OECD publication;
  • OECD: Second Revised Draft Terms of Reference for a UN Framework Convention on International Tax Released – click here;
  • United States of America: Jersey - Draft legislation to implement Pillar Two framework issued – click here;
  • United States of America: Proposed regulations address certain issues under dual consolidated loss rules – click here;
  • United States of America: After 70 Years, It’s Time to Rethink the Foreign Withholding Tax – click here;
  • Uruguay approves tax information exchange agreement with the US – click here;
  • Australia: ATO releases corporate plan for 2024-2025 – click here for the press release and here for the plan;
  • Korea: Proposed Amendments to Korean Pillar Two Rules: An Overview – click here;
  • Vietnam: Proposed amendments to corporate income tax law – click here for the press release and here for the report;

Romania

  • The government intends to suspend the Double Taxation Treaty between Romania and the Russian Federation, after the latter decided to partially suspend the agreement due to Romania's "unfriendly actions" (RO) – click here and here;
  • The Minister of Finance announces: We determine which tax declarations we eliminate. On August 20, we send compliance notices to some companies (RO) – click here;
  • NAFA Bulletin: 6 fiscal novelties published in the Official Gazette between July 29 - August 2, 2024 (RO) – click here;
  • The government wants NAFA to collect RON 193 billion in the last months of the year, with RON 5 billion more than planned. Expenditure on goods and services should be reduced by another RON 5 billion (RO) – click here;
  • What if the supplier has billed incorrectly? NAFA's answers from the recent e-Invoice webinar (RO) – click here;
  • What happens if invoices are not received through the e-Invoice system? Recommendations from the Ministry of Finance (RO) – click here;
  • Is it mandatory to register all the received invoices in the Virtual Private Space (VPS)? / 5 questions and answers from NAFA (RO) – click here;
  • How to calculate the invoice transmission deadline in the national RO e-invoice system (RO) – click here;
  • RO e-Invoice: 4 solutions for problems encountered in practice (RO) – click here;

TP Cases

  • Switzerland: Federal Supreme Court further clarifies application of safe harbor interest rates – click here;
  • Australia: Victorian Court of Appeal dismisses taxpayer’s appeal in Oliver Hume – click here;
  • Italy: Italian Supreme Court Affirms Inclusion of Loss-Making Entities in Transfer Pricing Comparability Analysis – click here;

Webinars

  • National Conference on Taxation and Accounting – e-Invoice, e-Transport, e-VAT; 12th September 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

email: letstalk@transferpricing.global 

phone: 0040 742 159 142

 

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