brought to you by TPS
Romania
- The ruthless reality of the figures: Romanian’s economy has lost 500,000 jobs since the start of the pandemic. Between 16 March and 1 September, the number of contracts terminated exceeded 1.29 million, while the number of new contracts was about 800,000 – click here
- The budget deficit after the first eight months reached 54.77 billion lei, 5.2% of GDP. In August, the deficit climbed by about 5 billion lei, a rate similar to that of July – click here
- How many Romanian companies are at risk of not being able to survive the COVID-19 crisis after the best year in history for business – click here
- The HoReCa Domain will be exempt from paying specific tax until the end of the year. Local authorities may still decide on other exemptions – click here
- The unemployment rate fell in August by 0.1 percentage points from July, to 5.3% – click here
Europe
- EU to propose system for harmonized withholding tax relief – click here
- Poland: Expectations for transfer pricing-related inspections by tax authorities – click here
- Assessing the main transfer pricing challenges for Polish taxpayers in 2020 – click here
- Croatia: Reminder of transfer pricing compliance requirements – click here
- Netherlands: Consultation on proposal for conditional withholding tax on dividends – click here and here
- Netherlands: VAT exemption for asset management services (pending before Supreme Court) – click here
- The 2021 Dutch tax plan: key takeaways for multinational enterprises – click here
- ECB could allow inflation target to be exceeded – click here
- Ireland: EC to appeal General Court’s judgment; tax rulings held not selective tax advantages, arm’s length principle – click here
- Italy’s digital services tax still needs practical guidance – click here
- Driving innovation through tax policy in Switzerland – click here
- This week in tax: EU appeals Apple state aid case – click here
- Denmark vs. Software A/S, September 2020, Tax Court, Case no SKM2020.387.LSR – click here
- UK affiliate of Airbnb UK hit with £1.8 million (USD 2.3 million) tax bill for 2019 after audit – click here
Global
- 90+ countries’ laws comply with country-by-country reporting standard, OECD report concludes – click here
- OECD releases outcomes of third phase of peer reviews on BEPS Action 13 – click here
- How to share manufacturing network losses in the face of COVID-19 – click here
- A closer look at the nuances of country risk adjustments – click here
- Transfer pricing remains crucial as IRS CAP programme opens for 2021 – click here
- Digital tax and DST concerns dominate ITR’s Asia Tax Forum 2020 – click here
- KPMG report: Disrupting tax processes with artificial intelligence technology – click here
- Vodafone wins tax dispute in international arbitration: India’s dilemma – click here
- OECD, Brazil tax officials provide update of transfer pricing alignment project – click here
- Peru and Japan: the road to a double tax treaty – click here
- Zambia: Transfer pricing measures included in 2021 budget – click here
- Panama introduces EMMA tax regime to attract multinational manufacturers – click here
- Oman introduces Country-by-Country Reporting requirements – click here
- Chile aligns with OECD three-tiered transfer pricing documentation approach – click here
DAC 6
- For the latest developments and news concerning DAC6 – click here
