brought to you by TPS
Romania
- ANAF - 12-month plan to resume the activity. Călugăreanu: We will promote working from home and we will train employees online with ASE, CECCAR and the Chamber of Tax Consultants – read the article here
- ANAF introduces DeskAudit - remote documentary verification of the fiscal situation, in order to quickly remedy companies' deviations – read the article here
- Multi-annual comparability validated by the Romanian court in a transfer pricing case – click here
Europe
- EU court reaches surprising conclusions in Apple state aid case – read the article here and here
- EU Commission releases decision extending scope of State aid investigation into IKEA’s Dutch taxation – read the article here
- European court of justice rules royalty paid for know-how required for manufacture of finished products in the EU may need to be added to customs value of imported semi-finished products – read the article here
- UK government releases guidance on moving goods between the EU and Great Britain as of 1 January 2021 – read the article here and the report here
- EU-Vietnam free trade agreement enters into force as of 1 August 2020 – read the article here
- USTR formalizes duty actions regarding France’s Digital Services Tax with deferred implementation to 2021 – read the article here
- Netherlands: Opposition party proposes inclusion of an exit tax in the Dutch dividend withholding tax act – read the article here
- Ireland: Tax rulings found not selective tax advantages; arm’s length principle – read the article here
- Belgium: Guidance on transfer pricing reporting, BEPS 13 forms – read the article here
Global
- Finding opportunity in the midst of uncertainty; Seventh annual global survey on the OECD’s Base Erosion and Profit Shifting (BEPS) initiative and the next wave of Global Tax Reset – read the article here
- Intercompany interest deductions in the extractive sector – read the article here
- Canada Appeals Court rules in Cameco’s transfer pricing dispute involving Swiss subsidiary – read the article here
- OECD releases new corporate tax statistics including anonymized and aggregated country-by-country report statistics – read the article here
- Vietnam implements taxation of digital transactions – read the article here
- Cape Verde amends certain tax regimes and introduces country-by-country reporting – read the article here
- KPMG report: Getting to know the value-chain analysis – read the article here
COVID - 19
- Navigate tax, legal and economic measures in response to Covid-19 – read the article here
- Technology turns tax transparency from compliance task to strategic advantage – read the article here
- Australia: Transfer pricing arrangements and JobKeeper payments (COVID-19) – read the article here
- European Commission releases package for fair and simple taxation – read the article here
- Transfer pricing and financial markets – assessing the impact of COVID-19 – read the article here
