Europe

  • The European Commission Vows to ‘Bring Structure to Chaos’ with Transfer Pricing Directive – click here;
  • CFE Tax Advisers Europe: Opinion Statement FC 5/2024 – Evaluation of the EU Anti-Tax Avoidance Directive (ATAD) – click here for the press release and here for the document;
  • Germany: the German Ministry of Finance (MOF) issues draft transfer pricing guidance for intercompany financing arrangements – click here;
  • United Kingdom: HM Revenue & Customs (HMRC) consults on further draft Pillar Two guidance – click here;
  • The Netherlands: The Dutch Ministry of Finance publishes tax plan for 2025 – click here and here;
  • Switzerland updates list of jurisdictions under Multilateral Competent Authority Agreement (MCAA) for country-by-country (CbC) reporting – click here;
  • Italy issues decree on public country-by-country (CbC) reporting – click here;
  • Sweden: Proposed amendments to Pillar Two global minimum tax rules – click here;
  • Finland: Consultation on proposed amendments to Pillar Two global minimum tax rules – click here;
  • Albania: Country-by-country reporting legislation implemented – click here and here;

Global

  • OECD: New treaty advances Pillar Two global minimum tax Subject to Tax Rule designed to protect tax bases in developing countries – click here;
  • OECD/G20 Inclusive Framework on BEPS shows progress in making dispute resolution more effective and in improving tax transparency through Country-by-Country reporting – click here;
  • OECD: Template released for International Compliance Assurance Programme (ICAP) outcome letters – click here;
  • OECD: First reports resulting from BEPS action 14 simplified peer review process released – click here;
  • OECD: Annual peer review of BEPS Action 13 minimum standard on country-by-country reporting – click here and here for the press releases and here for the report;
  • United States: House Republican leadership, Ways and Means members express opposition to Pillar Two deal in letter to OECD – click here for the press release and here for the document;
  • Russia: Federal Tax Service (FTS) issues new transfer pricing reporting requirements – click here;
  • Turkey updates country-by-country (CbC) reporting deadline – click here;
  • Peru: Import and export of commodities subject to transfer pricing regulations – click here and here;
  • Egypt: Overview of changes to permanent establishment provisions – click here;
  • Egypt: OECD Report on Simplified Peer Review of Egypt under BEPS Action 14 – click here;
  • Nigeria: OECD Report on Simplified Peer Review of Nigeria under BEPS Action 14 – click here;
  • Kenya: Parliament approves the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (BEPS MLI) – click here;

Romania

  • Fiscal Gazette: Essential fiscal news published between August 25 and September 10 (RO) – click here;
  • The Chamber of Fiscal Consultants (CFC) organizes an admission exam for the profession of tax consultant or assistant tax consultant - Session of November 9th, 2024 (RO) – click here;
  • Details about the admission exam organized by The Body of Expert and Licensed Accountants of Romania (RO) – click here and here;
  • The Ministry of Finance proposes the extension of fiscal incentives for investments in research and development activities (RO) – click here and here;
  • The state is not able to collect RON 37.4 billion expected from VAT, but hopes that the e-VAT will solve the problem starting with 2025 – click here; Also, guides regarding the pre-filled RO e-VAT statement and the e-Transport Application are available - click here and here; Clarifications and postponement of certain deadlines for 'RO e-VAT compliance notification' issued (RO) - click here;
  • Project: The amnesty application procedure introduced by The Government Emergency Ordinance (GEO) 107/2024 (RO) – click here and here;
  • Tax amnesty: The steps you must follow to benefit from the tax facilities (RO) – click here, and here;
  • More than 5,000 companies in Romania must prepare sustainability reports in 2025-2026. What do these reporting requirements entail? (RO) – click here;

TP Cases

  • United Kingdom: European Commission’s finding of unlawful State aid annulled, judgment of General Court set aside (Court of Justice of the European Union judgment) – click here and here;
  • Ireland: The Court of Justice of the European Union (CJEU) overturns General Court ruling in Irish state aid case – click here;

Webinars

  • Arm’s Length Wrestling | Round 4 | European Commission vs Ireland and Apple, October 22nd, 2024, 4:00 PM - 5:00 PM GMT+3 – click here for the press release and here for the registration form;
  • TPA Global: Building Awareness with your Tax Team on the Digital Transformation Journey, September 25th, 2024, 16:00 – 17:00 CET – click here for the press release and here for the registration form.

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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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