Romania
- ANAF launches the online scheduling service for meetings with tax inspectors – click here; Official information on this topic can be read here;
- Finances expected a larger deficit in the second quarter. Less money from the banks, the others transferred more. The Single Declaration was collected in addition – click here
- After the first 7 months, the budget has a deficit of about RON 50 billion (4.7% of GDP) – click here
- Tax cuts for decapitalized companies, a useful facility even for companies with investment plans – click here
Europe
- Impact of transfer pricing adjustments on EU customs valuation – click here
- France: Tax administration postpones deadline of annual transfer pricing return – click here
- CFE’s EU Tax Top 5 – Round-up of EU Tax Policy News – 24 August 2020 – click here. The top includes CFE’s EU Tax Policy Report – Semester I 2020 (available here). Regarding transfer pricing topics, this mentions the United National Committee of Experts on International Cooperation on Tax Matters meetings, which addressed among other on updating the Model Double Taxation Convention and Transfer Pricing Manual
- UK Reportedly Set to Abandon Digital Tax – click here
- EU states’ compliance with tax avoidance directives assessed in Commission report – click here
Global
- Transfer Pricing – The End of LIBOR – click here
- Australia: ATO focus on “offshore gearing” structures, related-party financing – click here
- INSIGHT: Small Case, Big Return—Why Small and Mid-sized Taxpayers Should Consider an APA – click here
- Insurance firms should take fresh look at transfer pricing plans – click here
- India: Guidance for mutual agreement procedure (MAP) – click here
- UAE: Amendments to country-by-country reporting requirements – click here
- What transfer pricing may look like in a world disrupted by COVID-19 – click here
- The CAPM is misapplied in transfer pricing – click here
- The revised operating lease accounting standards: what are the implications for transfer pricing? – click here
- Colombian tax office launches new platform allowing registration of commodities agreements for transfer pricing purposes – click here
- New Brazil digital services tax law under discussion – click here
- Colombia publishes guidance on taxation of indirect transfers – click here
- UK HMRC updates Corporate Finance Manual to address impact of interest restriction on group or consortium loss relief – click here
- India introduces Transparent Taxation platform – click here
DAC 6
- UK publishes 2019 report on likely profile of intermediaries affected by DAC6 disclosure, impact on cross-border arrangements: HM Revenue and Customs – click here
- Italy enacts DAC6 directive into law effective August 26: Giorgio Vaselli / Withersworldwide – click here
- Czech Republic: Financial Administration confirms delay of DAC6 reporting obligations – click here
- For the latest developments and news concerning DAC6 – click here