brought to you by TPS
Romania
- NAFA – Connecting cash registers and the fifth element – click here
- NAFA releases a guide on avoiding / eliminating double taxation - click here
- Draft NAFA order for amendment of D394 - reporting of the related parties transactions - click here
- NAFA considers that it will recover this year 70% of the amounts that the companies did not pay based on the facilities that allow the postponement of the payment of the fiscal obligations - click here
- Romania: OECD guidelines on tax residence evoke uncertainty - click here
- What are the European fiscal priorities for the next 6 months and how does Romania position itself towards the European plan? - click here
- Interest on loans denominated in RON may decrease further. ROBOR 3M continues to fall to 2% after NBR reduced the monetary policy interest rate a week ago - click here
- Public debt exceeded 40% of GDP - click here
EU
- CFE’s Tax Top 5 (5 - 10 August 2020) - click here
- Italian courts consider costs deductibility for corporate income tax - click here
- Greece introduces new tax dispute resolution mechanisms - click here
Global
- UN committee proposes new model treaty provision altering taxation of automated digital services - click here. The tax treaty can be found here
- Israel considers requiring taxpayers to pay disputed tax or transfer pricing assessments pending appeal - click here
- Australia: Interest-free loans between related parties; thin capitalisation arm’s length debt test - click here; the guideline published by the Australian Taxation Office can be found here
- Japanese tax authorities reorganize tax audit teams into single unit to cover domestic, international and transfer pricing issues - click here
- South Africa: Proposal to amend “affected transaction” definition for transfer pricing purposes - click here
- Philippines: Guidance on completing related-party transaction Form No. 1709 - click here
- Public input sought on Brazil, OECD transfer pricing harmonization - click here
- Ecuador publishes new transfer pricing guidance - click here
- India issues comprehensive guidance on cross-border tax dispute resolution - click here
COVID - 19
- Courts settle TP cases despite COVID-19 - click here
- France: Annual transfer pricing return, filing deadline postponed (COVID-19) - click here
- Promotion campaigns, useful in relaunching business after COVID-19. What are the tax implications? - click here
DAC 6
- For the latest developments and news concerning DAC6 – click here
