brought to you by TPS
Romania
- Supreme Court: The tax authorities have abusively extended the prescription period for debts – click here; on the same subject you can find information also here; the solution of the High Court of Cassation and Justice of Romania can be found on this link
- Depreciation of fixed assets during the period of closure or suspension of the economic activity: Accounting and tax implications – click here
- Remote work, a new reality. Fiscal challenges – click here
- Romania is losing EUR 6.5 billion in VAT revenues, according to the latest study of the European Commission – click here
- After professional drivers, employees from another field could benefit from a minimum salary of RON 3.000, as in construction sector – click here
- 11 situations in which you practically call ANAF to control you – click here
Europe
- Belgium: Transfer pricing compliance, Local file deadline extended to October 2020 – click here
- Poland: Transfer pricing changes included in draft bill – click here
- Italy’s Supreme Court resolves withholding tax dispute over interest paid to holding company – click here
- UK secures first free trade agreement with Japan post Brexit – click here
- Sweden proposes to deny tax deductions for interest payments to companies located in EU blacklist countries – click here
- Turkey issues guidance on transfer pricing documentation requirements – click here
Global
- The Latest on BEPS and Beyond (September 2020) – click here
- Taiwan’s draft amendment to TP rules place emphasis on actual risks assumed and intangible assets – click here
- Japan TP update: Tax authority undergoes major reorganization increased importance of Local File – click here
- Korea: Amendments in pending legislation would revise APA, MAP rules – click here
- The transfer pricing implications of Armani’s US advertising payments – click here
DAC 6
- The German Tax Authorities, respectively the department Cobra / DAC6, have published a web-site page including the most frequently asked technical questions and associated answers regarding the automatic exchange of information – click here
- For the latest developments and news concerning DAC6 – click here
