Romania

  • Elimination of the real beneficiary declaration for certain companies was approved. The submission of the declaration is now suspended until 15th of May – click here;
  • Government support for economic recovery: What the other countries are doing, what Romania can do? – click here.

COVID-19

  • COVID-19 and the future of Pillar one – click here;
  • Norway postpones deadline for submission of corporate income tax return to 31 August 2020 due to COVID-19 – click here;
  • Turkey postpones deadlines for 2019 corporation tax and enacts law to amend tax and legal provisions due to COVID-19 – click here;
  • Malaysia: Further extension of country-by-country reporting deadlines (COVID-19) – click here;
  • US: Consolidated return considerations of NOL carrybacks under CARES Act – click here;
  • Zimbabwe: Extended deadline, transfer pricing returns for 2019 (COVID-19) – click here.

Europe

  • Opinion Statement PAC 1/2020 Calling for an EU Action Concerning the Mandatory Reporting of Cross Border Arrangements Imposed by Council Directive EU/2018/822 (“DAC6”) – click here;
  • Business disruption: Transfer pricing issues and effects for the insurance industry– click here;
  • Dutch Government’s advisory committee publishes report on taxation of multinationals – click here;
  • OECD releases Germany Stage 2 peer review report on implementation of Action 14 minimum standard – click here;
  • Switzerland proposes changes related to relief from Swiss withholding tax under its international tax treaties – click here;
  • Turkey: Transfer pricing documentation requirements, implementation update – click here;
  • Russia notifies Luxembourg and Malta of tax treaty changes – click here.

Global

  • US IRS signed more advance pricing agreements in 2019 than in recent years but backlog remains – click here;
  • US IRS issues frequently asked questions on transfer pricing documentation, best practices – click here;
  • New South Korea transfer pricing and diverted profits tax laws enter into effect – click here;
  • Kenya proposes Tax Laws Amendments Bill, 2020 – click here.

 

 

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.

Contacts

email: letstalk@transferpricing.global 

phone: 0040 742 159 142

 

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