Romania

  • Use of multiple year analysis confirmed by Romanian Court – click here
  • Meeting (online) on July, 8 of the members of AmCham Romania from the tax commission but not only, attended by Mrs. Mirela Calugareanu, President of NAFA and part of the NAFA team - click here
  • OECD data confirm the tax optimization practices of multinationals - click here
  • Any natural or legal person will be able to hold the status of sole shareholder in several companies - click here
  • Law entering into force: Financial restructuring, extended to cover outstanding debts to the state until 31 July 2020 - click here
  • Law entering into force: Declaration on actual beneficiaries - removed in the case of certain companies - click here
  • The government announces the reform of the fiscal system. It will eliminate from the tax system the distortions and gaps that offer taxpayers the possibility to minimize the tax burden - click here
  • The revenues of Romanian multinationals will decrease by 25% in 2020 - click here

Europe  

  • Big Four told to ring fence auditing in Britain by June 2024 – click here
  • EU to launch tax observatory – click here
  • CFE's Tax Top 5 - 6 July 2020 – click here
  • Netherlands announces new policies for resolving cross-border tax disputes – click here
  • Poland’s implementation of EU ATAD 2 anti-hybrid measures enters into force from 1 January 2021 – click here

Global

  • UN committee to draft model tax treaty provisions addressing digital economy, transfer pricing manual updates approved – click here
  • New corporate tax statistics provide fresh insights into the activities of multinational enterprises – click here
  • OECD: Global tax reporting framework for digital platforms – click here
  • New OECD country-by-country reporting statistics offer insight into multinational group tax avoidance behavior – click here
  • OECD publishes model rules for tax reporting by gig economy platform operators – click here
  • US Supreme Court declines review of Altera Ninth Circuit decision, upholding IRS’s stock-based compensation regulation – click here
  • New Saudi Arabia tax guidance addresses mutual agreement procedure – click here

DAC6

  • Greece has published DAC6 draft law – click www.dac6guide.eu
  • Austria has published draft guidance for stakeholders’ consultations – click www.dac6guide.eu
  • The Luxembourg Chamber of Deputies published a draft law to postpone DAC6 deadlines by 6 months – click www.dac6guide.eu
  • Ireland has published updated guidance on DAC6 – click www.dac6guide.eu
  • Romania publishes draft bill to extend the DAC6 reporting deadlines by 6 months – click www.dac6guide.eu
  • HMRC published published guidance on how the DAC6 legislation will operate – click www.dac6guide.eu
  • Poland has published in the Official Gazette the law which provides for reporting deadlines postponement according to the Council Directive 2020/876 – click www.dac6guide.eu
  • Netherlands publishes Decree for approving the 6-months DAC6 deadlines extension – click www.dac6guide.eu
  • Netherlands publishes legal guidance on DAC6 in the Official Gazette – click www.dac6guide.eu
  • Denmark published executive order to postpone the DAC6 reporting deadlines by 6 months – click www.dac6guide.eu
  • Germany, Austria and Finland do not postpone DAC6 reporting – click here
  • The Netherlands’ new DAC6 requirements: what multinationals need to know – click here
  • Dutch Tax Authority issues guidance on reportable cross-border arrangements – click here

COVID - 19

  • COVID-19 and dislocated employees: DEMPE and risk control considerations – click here
  • Poland: Postponed deadlines for transfer pricing documentation, reporting (COVID-19) – click here
  • Argentina: Revised reporting dates for submitting transfer pricing reports for prior years – 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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