brought to you by TPS
Romania
- CDR proposals for the DAC6 Guide project – click here;
- The European Commission presents a plan to gradually lift the restrictions imposed by the coronavirus epidemic – click here;
- IMF Report: The Great Lockdown: Worst Economic Downturn Since the Great Depression - 5% decrease in Romania – click here. On the same topic please see also the following article;
- ANAF - list of measures to support the business environment – click here.
COVID-19
- MNE tax - Transfer pricing issues arising from the COVID-19 pandemic – click here;
- Deloitte - Transfer pricing considerations in light of COVID-19 – click here;
- Deloitte - Effect of COVID-19 on transfer pricing – click here;
- FieldFisher - Transfer Pricing during the Covid-19 emergency – click here;
- EisnerAmper - The Impact of COVID-19 on Transfer Pricing – click here;
- Pearl Cohen - COVID‐19: Adjusting Low-Risk Based Transfer Pricing Models to Increase Cash Liquidity – click here;
- Bloomberg Tax - INSIGHT: How Will Covid-19 Impact Your 2020 Transfer Pricing Process? – click here;
- KPMG - What will Transfer Pricing look like after Covid 19? – click here;
- KPMG - Impact of COVID-19 on transfer pricing arrangements – click here;
- The Economic Times - COVID-19 impact: Transfer pricing issues may crop up at MNCs – click here;
- Bloomberg Tax and Accounting and Backer McKenzie - Special Report: COVID-19: Impact on (the Other) TP – click here.
Europe
- Report on the comprehensive economic policy response to the COVID-19 pandemic – click here;
- Statement by the President of the European Council Charles Michel following the agreement of the Eurogroup – click here;
- European Commission has decided: It is forbidden for companies to be rescued by state aid to pay dividends, redeem their shares or pay bonuses – click here;
- Swedish court rules against Flir Systems, upholds tax penalties of EUR 70 M (USD 76.5 M) – click here.
OECD work
- OECD releases BEPS Action 14 reports for Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden – click here; Also, for information related to the same topic please click here;
- Tax Administration Responses to COVID-19: Business continuity considerations – click here;
- Global Financial Markets Policy Responses to COVID-19 – click here;
- Romania Economic Snapshot – click here;
- OECD seeks input on draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy – click here; Also, for comments received on this paper, please click here.
Global
- US APA report shows increase in executed APAs and decreased processing times in 2019 – click here;
- US: Taxpayers need to consider international tax implications of making certain net operating loss elections under Revenue Procedure 2020-24 – click here.
