Europe

  • OECD: Czech Republic, Hungary, Germany sign agreement to share digital platform income information – click here;
  • European Commission issues final rules for Country-by-Country (CbC) reporting directive – click here;
  • Cyprus confirms Country-by-Country (CbC) exchange effective date with US, filing obligations – click here;
  • Germany: Fourth Bureaucracy Relief Act updates transfer pricing documentation requirements – click here;
  • Slovenia gazettes amendments to Corporate Income Tax Law – click here;
  • Ireland clarifies interest deductions for connected party loans – click here;
  • Switzerland: Federal Council recommends rejecting loss carryforward time limit extension – click here;
  • Poland consults updated low-tax jurisdictions list, removes Andorra – click here;
  • KPMG article: Managing Italian transfer pricing audits – click here or here;
  • Spain: Legislation implementing Pillar Two global minimum tax passed by lower house of Parliament – click here;
  • Netherlands: Guidance on how Pillar One Amount B will affect domestic taxpayers – click here;
  • Republic of Moldova: Guidance on various transfer pricing, VAT, and income tax issues – click here;

Global

  • OECD: Papua New Guinea signs Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS-MCAA) – click here;
  • OECD: Updated International Compliance Assurance Programme (ICAP) FAQs (December 2024) – click here;
  • KPMG report: Update on future of Base Erosion and Profit Shifting (BEPS) guidance from OECD – click here;
  • Singapore enacts Multinational Enterprise (Minimum Tax) Act, Income Tax (Amendment) Act – click here;
  • Qatar: Council of Ministers approve Pillar Two global minimum tax – click here;
  • Singapore, New Zealand sign Competent Authority Arrangement on arbitration under Base Erosion and Profit Shifting Multilateral Instrument (BEPS MLI) – click here;
  • India extends transfer pricing safe harbor rules to FY 2024-25, updates filing deadline for international transactions – click here;
  • Australia: Parliament passes law for public Country-by-Country (CbC) reporting – click here;
  • Australia: ATO updates Country-by-Country (CbC) Reporting Exemptions, adds additional compliance rules – click here;
  • Australia: Parliament passes Pillar Two minimum tax bills – click here;
  • Australia: Guidance on international transactions that attract scrutiny – click here;

Romania

  • PwC Regional Tax Conferences: Tax changes have created a greater administrative and financial burden in FY 2024. Next year it will be even more tumultuous (RO) – click here;
  • Expenditure at NAFA - RON 2 million for assessing the relationship with taxpayers (RO) – click here;
  • Project: The bonus will increase from 3% to 5% for good taxpayers (RO) – click here;
  • New tax changes, applicable from FY 2025. Changes on corporate, micro-enterprise and income tax (RO) – click here;
  • New tax changes effective from FY 2025: from e-Invoice, rents and pensions abroad, to the Accounting Act or e-Transport. Government Emergency Ordinance (GEO), in the Official Gazette (RO) – click here;
  • NAFA rejected 100,000 applications for tax amnesty / How much it has collected so far (RO) – click here or here;
  • What conditions you must meet on December 31 to continue to benefit from the micro-enterprise tax  as of 2025 (RO) – click here;
  • Ministry of Finance, clarifications on RO e-invoice / In how many calendar days after issuing invoices must invoices be uploaded in the system, calculation example (RO) – click here;

TP Cases

  • Case Commentary: Onex Corporation v. Canada, 2024 FC – click here;

Webinars

  • Petruzzi Advisory: Arm’s Length Wrestling | Round 5 | United States vs Coca-Cola – December 10, 2024 – click here;
  • Tax Reasonability: Myth or Reality? / January 13, 2025 – click here;
  • List of webinars organized by NAFA in December 2024: from information on the Single Declaration to microenterprises – click here and 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.

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