brought to you by TPS
Romania
- Post-transfer prices COVID-19: Are we on the verge of new rules with an impact on groups of companies, including in Romania? – click here
- COVID-19 pandemic - the catalyst for radical changes in fiscal policies? Some remarks about Romania, EU proposals and global trends – click here
- Again about the tax bonuses granted "by leaps and bounds" and the bad luck of having chosen a different type of fiscal year than those considered by an incomplete and discriminatory tax legislation – click here
- The crisis generated by COVID-19 redraws the investment map. Where can Romania be placed? – click here
- Business report: The state could become a shareholder in Blue Air. Gasoline has returned to the level before the military price cap ordinance, The price we have to pay in Brussels for the financial aid announced by Iohannis – click here
- For the first time in 20 years, the number of employees exceeded the number of retirees in February 2020, but the pandemic reversed the trend – click here
Europe
- A great day in Luxembourg with a lot of European & Atlantic politics at stake: the Apple case – click here
- Spanish Supreme Court upholds tax penalties for not complying with the arm’s length principle – click here
- European Commission publishes communication on intensifying the work on tax transparency and harmful tax competition by means of advocating tax good governance in the EU and beyond – click here
- European Commission proposes revision of directive on administrative cooperation – click here
- The effect of the fall of the EU-US Privacy Shield mechanism - who is affected and what alternatives do the targeted companies have – click here
- Cyprus introduces changes regarding taxation of intangible assets – click here
- Switzerland to strengthen its position as a bond and intra-group financing location – click here
- Italy’s supreme court recognizes beneficial ownership of a Luxembourg sub-holding in light of CJEU Danish cases – click here
- Tax Insights: NERA discuss TP and the COVID-19 impact on client work – click here
Global
- The Latest on BEPS and Beyond | July 2020 edition – click here
- The limited risk transfer pricing canard during a pandemic – click here
- G20 finance ministers again pledge to agree on new multinational group tax rules by year-end – click here
- Addressing liquidity issues using intercompany pricing tools (COVID-19) – click here
- The intercompany pricing of commodities: Alcoa versus the Australian Taxation Office – click here
- Hong Kong revises transfer pricing guidance on advance pricing arrangements – click here
- South America: Facing transfer pricing disruption – click here
- Mexico and Central America: Balancing new transfer pricing provisions and an economic crisis – click here
- Brazil: Advancing towards global transfer pricing convergence – click here
- Andean States: Embracing tax transparency – click here
Mandatory Disclosure Rules
- Slovakia officially announces the 6-month deferral – click here
- Portugal enacted the bill transposing the DAC6 Directive – click here
- The Italian Council of Ministers adopted the DAC6 transposing law – click here
- France extends Mandatory Disclosure Rules reporting deadlines for six months – click here
- Portugal has adopted the law transposing DAC6 – click here
- Italy has adopted the law transposing DAC6 and also the option of postponing the deadlines by 6 month – click here
- Law on deferral of DAC 6, CRS and FATCA deadlines voted – click here
- Report your cross-border tax structure (Mandatory Disclosure Rules/DAC6) – click here
Digital economy
- G20 finance ministers and central bank governors’ meeting communiqué reiterates commitment to addressing the tax challenges of digitalization of the economy – click here
- Senate Finance Committee leaders' statement on UK’s digital services tax – click here
- Mexico: Guidance on remitting withholding taxes related to digital services – click here
COVID - 19
- Belgium: Tax provisions in third package of stimulus measures (COVID-19) – click here
- Belgium: Tax treatment of teleworking arrangements (COVID-19) – click here
- Ireland: Corporate governance relief measures are proposed (COVID-19) – click here
- ATO releases guidance on the impact of COVID-19 on transfer pricing and related-party agreements – click here
- Nigeria: State governments provide relief for taxpayers (COVID-19) – click here
- Japan: Special grace period for tax payments (COVID-19) – click here
- Panama: Extensions of time for filing tax returns, paying taxes (COVID-19) – click here
