brought to you by TPS
Europe
- Italy: Decree issued on Pillar Two global information return notification requirements – click here;
- Serbia: Rulebook on arm’s length interest rates for 2025 – click here and here;
- Slovenia: Slovenia ratifies the multilateral exchange agreement on Common Reporting Standard (CRS) avoidance and opaque offshore structures and also ratifies the Multilateral Competent Authority Agreement on the Automatic Exchange Regarding CRS Avoidance Arrangements and Opaque Offshore Structures (MDR MCAA) – click here and here;
- Ireland: updated Automatic Exchange of Information (AEOI) guidance – click here;
- Ukraine: Parliament passes amendments to Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent BEPS (MLI) ratification law – click here;
Global
- OECD: New batch of peer review reports on tax dispute resolution released (4 March 2025) – click here and here and here;
- OECD: OECD has released an updated list of signatories to the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports – click here for the list and here for the article;
- OECD: OECD’s Global Forum on Transparency publishes 2025 report on capacity-building activities – click here for the article and here for the report;
- New Zealand: New Zealand updates list of reportable jurisdictions for Common Reporting Standard (CRS) – click here;
- UAE: FAQs on Pillar Two domestic minimum top-up tax – click here;
- Indonesia: Implementation of global minimum tax – click here;
- Cameroon: Guidelines for local country-by-country declarations – click here;
- Egypt: Egypt creates new window of opportunity to fulfil TP compliance requirements – click here;
Romania
- The High Court of Cassation and Justice clarifies the delicate issue of the content of the amending tax returns that taxpayers can submit (RO) – click here;
- In a recent report, NAFA presented the main issues that inspectors found following the tax inspections carried out in the second semester of 2024 (RO) – click here for the article and here for the report;
- The National Statistical Institute has published three new drafts for the Explanatory Notes of NACE Rev.3: classes, divisions, and sections (RO) – click here;
- Tax consultants seek clarifications from the Ministry of Finance on the "pole tax" (RO) – click here;
- How the "pole tax" will be calculated. Finance Minister Tanczos Barna's announcement (RO) – click here;
- The Government has postponed again, this time until July 1, 2025, the operationalization of the county structures of the Anti-Fraud Directorate of NAFA (RO) – click here;
- Ordinance 156/2024 (i.e. the "little train ordinance") passed tacitly by the Senate, without coming to a vote (RO) – click here;
TP Cases
- Colombia: Colombia’s Supreme Administrative Court rules on inclusion of loss-making comparables in transfer pricing analysis – click here;
- Australia: Tax authority statement regarding Federal Court decision that taxpayer entitled to interest deductions with respect to foreign related-party financing – click here;
- Czech Republic: Czech Republic vs RR Donnelley Czech s.r.o., February 2025, Supreme Administrative Court, Case 7 Afs 31/2024 – 27 – click here;
Webinars
- Romania: NAFA's webinars program for March 2025 – click here for the list and here to register;
- Extracting insights from tax documents with AI: save time, reduce errors (March 26, 2025) – click here.
