brought to you by TPS
Europe
- Europe: CFE’s Tax Top 5 – 22 June 2026 – click here;
- EU: The European Commission (EC) opens infringement procedure against Poland over incorrect transposition of DAC7 – click here;
- EU: European Commission proposes DAC recast – click here and here;
- EU: Tax simplification package adopted by European Commission – click here;
- Czech Republic: Formal filing framework for Pillar Two returns and submissions – click here;
- Germany: Draft circular on concept of permanent establishment (PE) – click here;
- Germany: Germany publishes final list of jurisdictions for exchange of financial account information in 2026 – click here;
- The Netherlands: Updated Pillar Two Q&A – click here;
- Luxembourg: Luxembourg provides guidance on Pillar 2 top-up tax reporting obligations – click here;
- Poland: Reduced VAT on fuels extended to June 30; opinion of top-up taxation council; other tax developments – click here;
- Portugal: Extension of GloBE information return (GIR) filing deadline – click here;
- UK: Consultation on international controlled transactions schedule (ICTS) - click here;
- Ukraine: Digital platform reporting and withholding rules adopted – click here;
- Belgium: Guidance on domestic top-up tax (DTT) and the income inclusion rule (IIR) return templates; FAQ on filing of DTT return and general representative – click here;
- Andorra & Bulgaria: Tax treaty between Andorra and Bulgaria signed – click here;
- France & Finland & Sweden: France ratifies new tax treaty with Finland and protocol to tax treaty with Sweden – click here;
- Malta & Romania: Amending protocol to tax treaty between Malta and Romania has entered into force – click here;
- The Netherlands & Sweden: New tax treaty between the Netherlands and Sweden signed – click here;
Global
- OECD: Consultation on proposed changes to reporting rules for digital platforms – click here;
- Australia: Permanent establishments - How tax applies to permanent establishments in Australia and overseas - click here;
- Australia: Australia sharpens tax focus on foreign investors, multinationals – click here;
- Taiwan: Guidance on reporting controlled foreign corporation (CFC) losses – click here;
- Kuwait: Approval of accession to Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) – click here;
- Peru: Peru gazettes resolution extending filing deadline for 2025 transfer pricing local reports - click here and here;
- Chile: Chile’s Internal Revenue Service (SII) launches benchmark tool to assess transfer pricing risk - click here and here;
- Brazil: Brazil sets rule for centralized payment of additional social contribution on net profit (Pillar 2 Qualified Domestic Minimum Top-up Tax) and simplifies application of transitional Conutry-by-Country Reporting (CbCR) safe harbour – click here;
- Argentina & Austria: New tax treaty between Argentina and Austria has entered into force – click here;
- Argentina & Switzerland: Switzerland confirms completion of internal procedures for the entry into effect of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS MLI) for tax treaty with Argentina - click here;
- Bahrain & Saudi Arabia: Bahrain ratifies pending tax treaty with Saudi Arabia – click here;
- Cyprus & Hong Kong: Tax treaty between Cyprus and Hong Kong signed – click here;
- Monaco & United Arab Emirates: Tax treaty between Monaco and the UAE has entered into force – click here;
- Angola & Serbia: Tax treaty between Angola and Serbia signed – click here;
- Benin & The Netherlands: Update - tax treaty between Benin and the Netherlands – click here;
TP Cases
- Italy: Italian Supreme Court reinforces three-test beneficial ownership framework – click here;
Romania
- Romania: NAFA - Legislative updates - bulletin no. 22 from June 24, 2026 – click here;
- Romania: NAFA introduces two new criteria for declaring companies inactive for tax purposes: Absence of a payment account in Romania and failure to submit financial statements – click here;
- Romania: Request for re-examination regarding the preferential tax regime for amounts granted to employees as profit participation – click here.
