• Romania registered an economic growth of 2.4% in the first quarter – click here;
  • Romania's total external debt increased in the first three months – click here;
  • Postpone of the DAC6 reporting terms - click here;
  • NAFA: Draft order on the approval of the form for reporting cross-border arrangements – click here and here.

Europe & Global

  • Public consultation meeting on the 2020 Review of Country-by-Country Reporting (BEPS Action 13) – click here;
  • EU Commission extends deadlines for VAT e-commerce rules, DAC reporting – click here;
  • KPMG Guide on Posting of Workers 2020 – click here;
  • Real estate clauses in Polish tax treaties after the MLI – click here;
  • German finance ministry clarifies transfer pricing proposal – click here;
  • Italy’s financial transaction tax complies with EU law, court rules – click here;
  • BEPS MLI to enter to force for Czech Republic, Korea – click here;
  • MNEs to face obstacles in acquiring Swedish companies with significant IP – click here;
  • Firms in EU tax havens cannot be denied Covid bailouts – click here;
  • Russia: Draft legislative amendments to revise APA measures – click here;
  • Colombia becomes 37th member of the OECD - click here;
  • Peru establishes carryforward rule for losses incurred during fiscal year 2020 – click here;
  • Peru: No changes to transfer pricing filing, reporting obligations – click here;
  • US IRS assisting taxpayers with APAs during downturn, relaxes APA and MAP filing requirements – click here;
  • International business frequently asked questions (Australia) – click here;
  • Brazil clarifies law on goodwill and step-up deductibility – click here.


  • Belgium – COVID-19: Arrangements for Taxing Cross-Border Workers with Germany, Netherlands – click here;
  • Portugal: Tax compliance relief measures – click here;
  • Slovenia: Additional tax relief measures – click here;
  • Italy: Tax relief measures for individuals and family businesses – click here;
  • Germany: FAQs about tax relief measures – click here;
  • Serbia: State of emergency terminated, implications for tax deadlines – click here;
  • Netherlands: Updated tax relief measures – click here;
  • Czech Republic: Reduced penalties for employers, late payment of social security premiums – click here;
  • Luxembourg: VAT administrative tolerance revoked as of 12 May 2020 – click here;
  • Luxembourg: Tax procedure relief measures – click here;
  • Gibraltar: Updated tax, business relief measures – click here;
  • Ghana: Update on extension of tax return filing deadlines – click here;
  • Mauritius: Tax relief measures included in pending legislation – click here;
  • Botswana: Guidance for deferral of income tax payments – click here;
  • Saudi Arabia: VAT rate to increase to 15% - click here;
  • State and local tax guidance, tax relief – click here;
  • FAQs for PPP borrowers, safe harbor from SBA audit for “good faith” certification – click here;
  • South Africa: VAT implications for landlords with rental income reductions – click here;
  • Japan: Tax relief FAQs, other guidance implementing legislation – click here;
  • Thailand announces tax measures to manage COVID-19 outbreak – click here;
  • New Zealand: Budget 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.



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