brought to you by TPS
Europe
- EU releases updated public Country by Country (CbC) reporting forms – click here;
- Germany: Ministry of Finance (MoF) publishes draft bill revising participating jurisdictions for Multilateral Competent Authority Agreement (MCAA) - Country by Country (CbC) reporting exchange – click here;
- Germany: Draft law introduced to implement DAC8 regulations and Common Reporting Standard (CRS) amendment – click here;
- United Kingdom: Tax measures in Finance Bill 2024 - 2025 – click here;
- Ireland: Updated Foreign Account Tax Compliance Act (FATCA) and Automatic Exchange of Information (AEOI) guidance – click here;
- Lithuania: Proposed tax changes concerning double taxation, DAC8, submission of tax information, and solidarity contribution – click here;
- Poland: Legislation implementing global minimum tax effective starting with 1st of January, 2025 – click here;
- Latvia to require business-to-government e-invoicing starting with 1st of January, 2025 – click here;
Global
- TPA Global - Transfer Pricing Guide for 2024 – click here;
- OECD: Mutual Agreement Procedure (MAP) and Advance Pricing Agreement (APA) statistics for 2023 – click here;
- Average tax revenues in the OECD remain steady as spending pressures grow – click here;
- Georgia: Requalification of loan transactions as capital contributions from 2025 – click here;
- Singapore: Bills to implement global minimum tax; list of jurisdictions for exchange of Country by Country (CbC) reports; applying for certificates of residence – click here;
- Malaysia: Framework for voluntary disclosure program – click here;
- Mexico: Economic package includes tax incentive modifications – click here;
- Colombia: Tax authority issues guidance on application significant economic presence rule – click here;
- Barbados: Filing extension for country-by-country notifications; other tax developments – click here;
- Chile: Tax treatment of transfer of invoices to U.S. resident company; other direct and indirect tax developments – click here;
- South Africa: Updated legislation implementing Pillar Two global minimum tax rules submitted to Parliament – click here;
Romania
- Starting with 1st of January, 2025, small taxpayers will also submit the standard tax inspection file by submitting the informative Declaration D 406 SAF-T (RO) – click here or here;
- Tax amnesty 2024. The deadline for applying the amnesty will be extended until 20th of December 2024 (RO) – click here or here;
- The tax amnesty has brought the state RON 3.6 billion so far. The estimated amount is now under forecast and may pose some problems (RO) – click here;
- The Fiscal Code, modified again by Government Decision (GD) 1393/2024. What changes are taking place regarding the microenterprises tax? (RO) – click here;
- Romania received the Formal Opinion of the OECD in the field of digital policies (RO) – click here;
TP Cases
- Italy: Beneficial ownership of dividend income based on parent-subsidiary directive (Supreme Court decision) – click here.
