Romania
- New provisions regarding the real beneficiary introduced by Emergency Ordinance 111/2020. Clarifications and new uncertainties - click here
- The new trademark law. Pay attention to the new obligations and deadlines – click here
- Transfer of shares without opposition period – click here
- The accounting reports on June 30 will have to be submitted by September 30 by the companies with a turnover higher than RON 220,000 – click here
- The budget deficit decreased in June to RON 6.33 billion, half compared to May. It is the smallest monthly deficit since the onset of the coronavirus crisis. For the first six months, the deficit reached RON 45.2 billion – click here
- State loans have already reached RON 90 billion this year, after another RON 18.2 billion in July, an amount that includes the external loan of USD 3.3 billion – click here
EU
- CFE Tax Advisers Europe - EU Tax Policy Report – Semester I 2020 – click here (the creation of a Transfer Pricing Expert Group is announced as a step of the European Commission’s Action Plan)
- Italy: Updated, revised R&D tax credit system – click here
- Luxembourg – Insights July 2020 – click here
Global
- Transfer pricing in the financial services sector: Confronting the new reality – click here
- Brazil: Comments requested, transfer pricing issues relating to safe-harbour, comparability considerations – click here
- OECD and Brazil's federal revenue authority invite taxpayer input on transfer pricing issues relating to the design of safe-harbour provisions and other comparability considerations – click here
- Australia: Transfer pricing rules updated to align with OECD guidelines – click here; link to ATO communicate on this topic may be accessed here
- Ecuador modifies transfer pricing rules – click here
- BEPS Action 13 – Country implementation summary – July 30, 2020 – click here
- OECD reports assess cross-border tax dispute resolution in Andorra, Bahamas, Bermuda, BVI, Cayman Islands, Faroe Islands, Macau, Morocco, Tunisia – click here
- Are you ready for a new era of transfer pricing? – click here
- Stewart Brant sets out the OECD’s response to 2020 challenges – click here
- Welcoming a liberal era for financial services firms in China – click here
- Assessing the TP impact of the global IBOR transition – click here
- Applying OECD guidance to financial transactions – click here
- Captive insurance companies put under pressure by tax authorities – click here
- Road Map to a Transfer Pricing Controversy – click here
- Transfer pricing of intangible assets with the arm’s length principle – click here
- How COVID-19 has impacted the financial services sector – click here
- Insuring Transfer Pricing Risks – click here
- React | Profit splits and cost sharing: what about losses? – click here
DAC 6
- DAC6 Alert! It’s official: the intermediary - tax advisor reports only with the written consent of the relevant taxpayer – click here
- The DAC6 law in Czech Republic was delivered to the President for signing on July 28, 2020 – click here
- DAC6: One directive, several applications – click here
- Reporting Of Cross-Border Transactions (DAC6) – Portuguese Legal Framework IN FORCE – click here
- The Romanian Chamber of Fiscal Consultants published important clarifications regarding the LPP application in DAC6 interpretation – click here
- Portugal: Reporting domestic or cross-border arrangements with tax relevance (DAC6) – click here
- UK – Law Society's view on legal professional privilege for DAC6 purposes – click here