brought to you by TPS
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- Austria has published draft guidance for stakeholders’ consultations – click www.dac6guide.eu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
