brought to you by TPS
Europe
- EU: In a contribution to the European Commission regarding Strategic Foresight for 2040, TPS has again raised the critical issue of the partnership between tax administration and tax payer - click here. The other contributions provided by TPS are here;
- EU: E-News from KPMG’s EU Tax Centre – click here;
- EU: EU Member States reach political agreement on DAC9 – click here;
- Italy: Ministerial Decree on GloBe Information Return (GIR) notifications – click here;
- Iceland: Iceland joins Amendment to the Common Reporting Standard Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) – click here;
- Latvia: Latvia joins the OECD Development Assistance Committee – click here;
- Malta: Malta issues updated guidelines for Mutual Agreement Procedure (MAP) – click here;
- Poland: Certain EU non-cooperative jurisdictions not included in list of countries applying harmful tax competition – click here;
- Moldova: The official Gazettes amends transfer pricing rules – click here;
- Serbia: Serbia joins Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (Cbc MCAA) – click here;
- Turkey: Announcement that Amount B under Pillar One will not be applied – click here;
Global
- KPMG article: Effect of digital transformation on transfer pricing – click here;
- Antigua and Barbuda: Antigua and Barbuda introducing CbC reporting and transfer pricing requirements – click here;
- Australia: The Australian Taxation Office (ATO) updates country-by-country reporting rules from 2025 – click here;
- Egypt: Transfer Pricing Compliance in Egypt: Strategic Actions Under Law No. 5 of 2025 – click here;
- Indonesia: New framework for tax audit regulation implemented – click here;
- Mongolia: Mongolia joins multilateral agreement on exchange of financial account information (CRS Multilateral Competent Authority Agreement) – click here;
- Mongolia: Mongolia joins Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (CbC MCAA) – click here;
- Peru: Congress approved the bill for the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI)– click here;
- United States: Final regulations on partnership related-party basis-shifting transactions: Overview – click here;
Romania
- Deadline for updating NACE codes to Rev. 3 by companies, authorized individuals and other legal entities, set by the Government (RO) – click here;
- The National Cyber Security Directorate (DNSC) issues a new alert regarding a phishing attack involving the use of NAFA's identity. Attackers send emails about a supposed tax refund, appearing to come from NAFA's Customer Service (RO) – click here and here;
- Unclear legislation: companies interpret tax provisions differently; some choose to pay the minimum turnover tax (IMCA), while others opt for the additional turnover tax (ICAS) from the oil and gas activity (RO) – click here;
- The CN codes (Combined Nomenclature). What they are and the CN codes list for 2025 (RO) – click here;
- Companies must analyse their turnover by March 31, 2025 in order to change the tax vector (RO) – click here;
- The deadline for declaring to NAFA the exit from the micro-enterprise income tax system (RO) – click here;
Webinars
- Germany: DLA Piper – Transfer Pricing Insights Germany (March 31, 2025) – click here.
