brought to you by TPS
Europe
- EU: European Commission updates public Country-by-Country (CbC) reporting taxonomy, technical guidance – click here;
- EU: European Tax Adviser Federation: Weekly Tax News – click here;
- EU: European Parliament resolution on the feasibility of a 28th regime and the EP Subcommittee on Tax Matters (FISC) public hearing on the DAC recast proposal – click here;
- EU: Formal European Commission notice requesting France, Germany and Italy to align their legislation with the Parent-Subsidiary Directive; European Commission update on DAC9 infringement proceedings – click here;
- Poland: Updates to proposed corporate income tax amendments; transfer pricing simplification measures adopted; other tax developments – click here;
- Luxembourg: Draft legislation introducing side-by-side package; confirmation that Cyprus has qualified Pillar Two Income Inclusion Rule (IIR) – click here;
Global
- OECD: Additional Pillar Two filing extensions – click here;
- United Arab Emirates: Guidance on application of Pillar Two side-by-side package – click here;
- Bahrain: Domestic minimum top-up tax computation guide – click here;
- Chile: Chile’s tax authority clarifies arm’s length pricing for intangibles – click here;
- Canada: Canada consults transfer pricing documentation amendments, various other tax measures – click here;
- Indonesia: Regulations provide administrative framework for Pillar Two compliance and reporting – click here;
- India: Advance Pricing Agreement (APA) annual report for FY 2025 – 2026 – click here;
- Burkina Faso and Dominica: Update indicates that Burkina Faso and Dominica have signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) – click here;
- Republic of Korea: Republic of Korea introduces Advance Pricing Agreement (APA) fast-track, expands tax support for foreign investors – click here;
- Fiji: Tax measures in 2026–2027 budget include Country-by-Country (CbC) reporting requirements – click here;
- Vietnam: Vietnam issues comprehensive guidance on the implementation of Double Taxation Agreements (DTAs), Mutual Agreement Procedures (MAP), and Advance Pricing Agreement (APA) – click here;
Romania
- Romania: NAFA inspections filmed: The new rules for Anti-Fraud inspectors have appeared in the Official Gazette. What to do – click here;
- Romania: Hidden money circuit uncovered by NAFA: RON 32 million transferred between companies and RON 13 million owed to the state – click here, here and here;
- Romania: Multinationals request NAFA to develop methodological norms for the settlement of intra-group services, emphasizing the need for a guide based on OECD principles – click here and here;
- Romania: The transfer pricing file: you reap what you sow – click here;
- Romania: NAFA prepares 35 inspectors for a new stage of transfer pricing inspections – click here.
