brought to you by TPS
Europe
- Bulgaria: Public consultation on proposed amendments to Pillar Two rules – click here;
- Netherlands: 2025 Tax Plan includes proposed amendments to Pillar Two rules – click here;
- Slovakia: Draft legislation amending Pillar Two rules submitted to Parliament – click here;
- Lithuania: Public consultation on draft legislation fully implementing Pillar Two rules – click here;
- France: Finance Bill 2025 includes proposed retroactive tax increases for large corporations and individuals, updates to Pillar Two rules – click here;
- Cyprus revises transfer pricing FAQs – click here;
- Isle of Man Implementing Pillar 2 Qualified Domestic Minimum Top-up Tax and Income Inclusion Rule – click here;
- Czech Republic: New Tax Treaty between the Czech Republic and Sri Lanka has Entered into Force – click here;
- Czech Republic Publishes Bulletin on Impact of BEPS MLI on Tax Treaty with Albania – click here;
Global
- OECD: BEPS Actions 5 and 14 peer reviews – click here;
- UN committee mulls TP paper on pharma industry – click here;
- Australia: Guidance on compliance approach to restructuring transactions in response to new thin capitalization rules – click here;
- Brazil's Adoption of OECD Pillar Two Rules Raises Questions on Timing and Compliance – click here;
- Peru approves retroactive application of APAs – click here;
- Navigating Development, Enhancement, Maintenance, Protection and Exploitation (DEMPE) in TP: IP ownership and economic return allocation – click here;
Romania
- Legislative news - bulletin no. 40 of October 14, 2024 (RO) – click here;
- Romania suspends the Convention with the Russian Federation for the avoidance of double taxation with respect to taxes on income and capital, signed in Moscow on September 27, 1993 (RO) – click here and here;
- EY study: CFOs are betting on GenAI solutions amid rising costs, legislative and HR challenges. "Romania needs to accelerate digital transformation in the economy and automate the tax function to remain competitive" (RO) – click here;
- IT and construction tax exemptions eliminated by July 2025. Changes to micro-enterprises by March (RO) – click here;
- More than 100,000 micro-enterprises would have to switch to corporate income tax if the threshold for micro is lowered as the European Commission (EC) demands - sources (RO) – click here;
- How much Romania loses out of the National Recovery and Resilience Plan (NRRP) funds if it does not reduce the threshold for micro-enterprises to EUR 88,500. Amount sent by the European Commission. Money also suspended for energy company appointments (RO) – click here;
- What is included in the 7-year fiscal deficit reduction plan to be presented to the European Comission (EC) (RO) – click here;
- Latest changes to R&D tax exemptions: what are the benefits and what aspects should be paid attention to? (RO) – click here;
Webinars
- Increased Scrutiny from Tax Authorities – October 31, 2024 – click here.
