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
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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