brought to you by TPS
Europe
- EU: Report following June 2025 Economic and Financial Affairs Council of the European Union (ECOFIN) meeting – click here for the article and here to read the report;
- EU: European Commission's annual report on taxation for 2025 – click here to read the report;
- EU: Euro Tax Flash from KPMG's EU Tax Centre – click here;
- UK: Updated manual on advance pricing agreements (APAs) and cost contribution arrangements (CCAs) – click here;
- Ireland: Guide on DAC implementation updated – click here and here for the articles and here for the guide;
- Norway: Beneficial ownership registration rules take effect – click here;
- Sweden: Sweden clarifies group contributions in Country-by-Country Reporting (CbCR) – click here;
- The Netherlands: Mutual agreement procedures team annual report for 2024 – click here;
- Denmark: transfer pricing in Denmark: 2025 legislative changes and Implications – click here;
Global
- OECD: Inclusive Framework on BEPS reports continuing progress towards making tax dispute resolution more effective – click here;
- OECD: Analysis - amount B’s implications for Mexico and transfer pricing developments in Central America – click here;
- Ecuador: Ecuador removes Andorra from tax haven list – click here;
- Chile: 2025: a year of innovations in transfer pricing in Chile – click here;
- Vietnam: Approval of bilateral and multilateral advance pricing agreements (APAs) delegated to Minister of Finance – click here;
- Singapore & Cameroon: Singapore adds Cameroon to Country-by-Country Reporting (CbCR) exchange list for FY 2024 – click here;
Romania
- Proposed tax measures: tax hikes, extended tax inspections and budget cuts planned by the incoming Government (RO) – click here for the article and here for the FINAL version of the Government program;
- What are the new taxes the new Government is bringing in and what expenses it promises to cut. But where is the budgetary impact assessed? (RO) – click here;
- During the parliamentary vacation, the Government wants to amend legislation in several important areas through ordinances (RO) – click here and here;
- In the future, the Chamber of Tax Consultants could take over some of the guidance provided to tax payers in their dealings with NAFA (RO) – click here;
- Draft form for declaration and payment of domestic top-up tax under Pillar Two rules (RO) – click here;
- Order no. 755 of June 6, 2025 for the amendment of Annex no. 1 to NAFA President's Order no. 1029/2020 on the approval of the form used by the relevant intermediaries or taxpayers, as the case may be, for reporting information on cross-border arrangements subject to reporting (RO) – click here to read the Order;
TP Cases
- Korea: Annually updated benchmarking allowed (Tax Tribunal decision) – click here.
