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UK´s HMRC Published Guidelines for Transfer Pricing Compliance for UK Businesses
Best practice approaches to Transfer Pricing to lower risk and…
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Egypt Introduces Tax Reforms to Attract Investment and Boost Economic Growth
Launching the first package of Tax Incentives
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PwC China Audit Unit Faces Temporary Ban and Fines Over Evergrande Collapse
The toughest ever penalty received by a Big Four accounting…
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PwC US to Lay Off 1,800 Employees in First Major Cuts Since 2009
New leadership continues restructuring at the US Firm
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US: IRS Recovers $172 Million from 21,000 Non-Filing Wealthy Taxpayers in First Six Months of New Initiative
This initiative marks a turning point in IRS enforcement, as…
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US Presidential Debate Transcript on Tax and Tariffs
Trump and Harris in their own words at the US…
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Highly anticipated US Presidential Debate started with Taxes
Taxes at the Forefront of the US Presidential Elections with…
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Apple Tax Case: A Look Back at the Decade of Dispute
as ECJ Gives Final Judgement in the Matter
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European Union: ECJ rules Ireland to recover 13 bln EUR granted to Apple!
Overturns General Court Decision on Apple’s Tax Rulings in Ireland
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Argentina’s Implementation of the Large-Investment Regime Bill
Decree 749/2024 Aims at Attracting Investors
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PwC UK Will Track In- Office Presence
Adjusts Hybrid Work Model Increasing In-Person Expectations
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South Africa: Highlights from the 2024 Draft Taxation Laws and Draft Tax Administration Laws Amendment Bills
Available for Public Comment
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EY Reduces Pay Rises and Bonuses for UK Staff Amid Market Challenges
Impact on Tax Advisory Division
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The Anticipation of Donald Trump’s Latest Tax Returns
So far, deviating from the practice followed by other major…
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Bahrain Introduces Domestic Minimum Top-up Tax for Multinational Enterprises
The first member of the Gulf Cooperation Council (GCC) to…
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Brazil: Key Tax and Regulatory Changes Announced
Multiple Tax developments in Brazil by the end of August:
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German Tax Court Decision on Principal Model Without Exit Tax
Case Overview: US Multinational’s European Reorganization
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Australian Taxation Office Releases Annual Corporate Plan
Focus on new high-risk tax areas for multinationals, Improvement of…
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Swiss Federal Council Adopts Partial Revision of Swiss VAT Ordinance
Swiss VAT updates to streamline compliance and tax calculations, effective…
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UK Prime Minister Keir Starmer Unveils Plans to “Fix the UK’s Foundations”
Starmer’s ambitious plan targets UK’s fiscal challenges, hinting at tough…
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Introduction of Dual VAT in Brazil: A VAT Law!
Draft VAT Law is available to download here!
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Brazil’s Normative Instruction on Transfer Pricing Rules- Available to Download Here!
English and Portuguese versions available!
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Harris and Trump: A Comparison of Economic Policy Proposals for the 2024 Election
Economic agendas of candidates for the next US President cannot…
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UAE FTA Releases Comprehensive User Manuals for UAE Taxpayers
Released and updated to help taxpayers navigate the implementation of…
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Kamala Harris Plans Increase of Corporate Tax Rate to 28%
Unveiled during the Democratic National Convention in Chicago
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UN Tax Framework Convention: the final text of the Terms of Reference (TOR) adopted with notable votes against or abstention
A path to a universally accepted and effective international tax…
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Finland Aims to Boost Revenue with Sweeping Tax Changes in 2025 Budget Proposal
Ministry of Finance proposes VAT hikes, small business relief, and…
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Controversy Surrounds Biden’s Billionaire Tax Rate Assertion
President’s 8.2% tax rate claim for billionaires sparks debate among…
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Chile´s Government Proposes New Amendments to the Tax Compliance Bill
Fine-tuning the bill with further amendments expected
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OECD Publishes Transfer Pricing Framework for Lithium
Essential for ensuring that developing countries can tax lithium exports…
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US Minnesota’s Tax Policy Under Governor Walz: A Bold Departure from National Trends
Focus on Tax Increases in the State-Run by Democrats Candidate…
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UK: Reporting Rules for Digital Platforms
HMRC published Rules for Digital platforms that let users sell…
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Vertex, Inc. Acquires ecosio to Enhance E-Invoicing and Compliance Solutions
Adding EDI and E-invoicing Capabilities
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United Nations Framework Convention on International Tax Cooperation, The Second Session is in progress
US Feedback on the Zero Draft Terms of Reference for…
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Coca-Cola to Pursue Appeal Following Tax Court Decision
$16 billion of Potential Incremental Tax and Interest Liabilities
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Transparency and Reporting tops as currently having the most impact on Tax Leaders Worldwide
Deloitte published 2024 Global Tax Policy Survey interviewing +1000 professionals…
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KPMG LLP Forms Strategic Alliances with Cryptio, Dataiku, and Avalara to Enhance Digital Capabilities
Increased focus on AI adoption, Crypto asset accounting and tax…
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United Nations Committee of Experts on International Cooperation in Tax Matters: Transfer Pricing Compliance Assurance Toolkit; Transfer Pricing during the COVID-19 economic downturn
Shaping Global Tax Norms and Addressing Transfer Pricing Challenges
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European Union: Draft Regulation on Corporate Income Tax Reporting establishes Common Template and Electronic Formats
New regulation aims to enhance tax transparency and comparability across…
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UK Update on Corporate Criminal Offences Legislation to Combat Tax Evasion
HMRC reports 11 active probes, 28 cases under review. Aims…
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Renewal of Qualified Maquiladora Approach Agreement Between U.S. and Mexico in 2024
This is the second renewal of the agreement, preserving the…
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European Court of Justice: Upholding the EU Directive on Tax Reporting Obligations
CJEU upholds EU directive on tax reporting for cross-border arrangements.…
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UAE Publishes Guide on Determination of Taxable Income for Corporate Income Tax
107-page document clarifying key concepts under UAE Corporate Tax Law.…
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European Union: Evaluation of the Anti-Tax Avoidance Directive In Progress
Have Your Say on the Directive aimed to fight aggressive…
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UK HMRC Performance Highlights: collected £843.4 billion in total tax revenues
HMRC published annual report 2023 to 2024: protected £41.8 billion…
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HM Treasury Update: Key Tax Reforms Announced Ahead of Budget under Labor
VAT on Private Schools, OECD Pillar 2 Implementation, Increasing HMRC…
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HM Treasury Update: Key Tax Reforms Announced Ahead of Budget under Labor
VAT on Private Schools, OECD Pillar 2 Implementation, Increasing HMRC…
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Malaysia: 6 Months Grace Period for E-Invoicing
Flexibility in Submitting Consolidated E-Invoices During Initial E-Invoice Implementation Phase
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Finland’s VAT Rate Increase: Comprehensive Guide to the 2024 Tax Change
Key details and practical implications for various business scenarios under…
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G20 Rio de Janeiro Ministerial Declaration on International Tax Cooperation
Historic declaration on international tax cooperation
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OECD Participates in G20 Finance Ministers and Central Bank Governors Meeting in Rio de Janeiro
Key reports on international tax cooperation, digital economy challenges, and…
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India: Lower Rates for Foreign Companies, IFSC Concessions, and New Penalties
Union Budget 2024-25 on International Tax
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PwC Faces Major Overhaul in China Amid Evergrande Fallout
Leaving Clients, Staff reductions, Pay cuts, Fines
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US: Anticipated Tax Plan Under Trump
Intentions for a Potential Second Term
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India’s Digital Shift: Withdrawal of the E-commerce Levy
Union Budget 2024- 2025
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Kamala Harris Tax Returns
Candidate for US President has a history of Transparency
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Constitutional Court Rules Mandatory Disclosure Rules (MDR) Unconstitutional
What a month for Mandatory Disclosure Rules (MDR) in Poland!
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India: Union Budget 2024-2025
FM presents 2024-25 Budget: GST expansion, customs review, Income Tax…
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UAE: Definition of “Related Parties” under Corporate Tax Law
Public Clarification published by UAE authorities
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Poland: First Ruling on Mandatory Disclosure Rules (MDR)
First MDR interpretation issued after 5-year wait. Director of National…
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Revised Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation
Priorities include Taxation of the digitalized and globalized economy; income…
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Belgium Updates Transfer Pricing Documentation Requirements
Mandatory from FY 2025
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United States Announces Suspension of 1992 Tax Convention with Russia
Mutual agreement on Suspension
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UAE FTA Announces Update to Tax Clarification Policy
Possibility to apply for APA and obtain Clarifications
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UK Under Labor Government: Expected Renewed Focus on Large Business and Wealthy Individuals
A Review of Labour Party’s Manifesto on Taxation
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The End of the Chevron Doctrine: US Supreme Court’s Loper Bright Decision
Courts will now employ traditional statutory construction tools to interpret…
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US Treasury and IRS Issue Final Regulations on Excise Tax for Stock Repurchases
Guidance for complying with the new excise tax on stock…
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Oman Set to Introduce Personal Income Tax
A Gulf First, Expected to be in Single Digits. What…
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Australia´s New Code to Enhance Professional Standards for Tax Practitioners
Aims to Restore Public Trust in Tax Profession
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Global Corporate Tax Rates Stabilize, OECD Reports
The OECD’s latest report provides extensive data on over 160…
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Chance to be heard: OECD invites comments on a draft User Guide for the GloBE Information return XML Schema
Comments are expected by 19 August 2024 latest
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Brazil: VAT Reform Advances with New Exemptions and VAT Rate Cap
Lower House Approved VAT reform capping VAT rate and adding…
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Argentina: President Javier Milei Reconfirms Commitment to Tax Reform and Opening up to International Trade
Signature of Historic May Pact, symbolic declaration, centered around Tax.
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UAE: Voluntary Disclosure Program for Customs in Dubai
The program allows businesses to correct past customs declaration errors,…
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Dutch Customs: Genuine Mistakes no longer lead to Criminal Prosecution, Import of Medicines Requires Specific Details
Changes in Dutch Customs Regulations
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Australia: PepsiCo’s Royalty Withholding and Diverted Profits Tax Decision Overturned
Full Federal Court Reverses Federal Court Decision on Embedded Royalty.
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Canada’s Digital Services Tax Act Comes into Force with Retroactive Application
Relevant Revenues since January 1, 2022, are impacted
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Italy: New Rules on Administrative and Criminal Tax Sanctions
Changes Affect Penalties Regarding Income Tax, VAT, and Withholding Tax…
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Belgium: Administrative Tolerance for 2024 Moves Registration Requirement under Pillar 2 Regulations
Only applicable to groups that will not make Belgian advance…
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US: Supreme Court Affirms Constitutionality of Mandatory Repatriation Tax in Moore v. United States
Congress has the authority to attribute an entity’s realized and…
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Saudi Arabia Extends Tax Amnesty Initiative to End of 2024
Additional time to correct any discrepancies in their tax records…
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New Transfer Pricing Framework Introduced in Brazil
Aligned with OECD Guidelines
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Stalemate at the ECOFIN Meeting: Estonia Blocks ViDA Initiative
Stalemate at the ECOFIN Meeting: Estonia Blocks ViDA Initiative
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UK: HMRC publishes Tax Gap Analysis for 2022- 2023
Tax Gap Estimated at 39,8 billion GBP for one year
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France: E-Invoicing Updated External Specifications
Available to Download in English Here!
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Portugal SAF-T, E-Invoicing and E-Reporting
Portugal: Accounting SAF-T for Established PT VAT Registered Taxpayers to…
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Bulgaria: Implementing SAF-T Reporting: Expected Scope, Requirements, SAF-T Format Published
Expected Scope, Requirements, and SAF-T format documentation in English are…
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Germany: Draft Administrative Guidelines on E-Invoicing made available by the Germany Tax Authorities
Our Article Includes an English translation of Guidelines Available to…
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European Union: Evaluation of Administrative Cooperation in Direct Taxation: Public Consultation and Call for Evidence
Open for feedback until 30 July 2024
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European Union: European Commission Targets China’s Electric Vehicle Sector
Investigation Reveals Unfair Subsidies in China. Provisional Duties to be…
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OECD/G20 Inclusive Framework on BEPS Releases Updates on:
Pillar One and Pillar Two Tax Measures, CbCR Safe Harbour…
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European Union: ECJ Judgement In Case C-696/22, C SPRL
VAT Liability does not necessarily require actually receiving remuneration
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European Union: Judgement on VAT Fixed Establishment ECJ case Adient C-533/22
The ECJ provides clarification on the concept of a VAT…
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Vertex Acquires AI Capabilities from Ryan, LLC
Aims at Enhancing Tax Technology Solutions and Accelerating AI Innovation
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PwC Implements Quiet Layoffs in the UK with Strict Communication Guidelines
“Silent layoffs” across its UK offices targeting the consulting, risk,…
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Poland: E-invoicing Officially Postponed to 2026
President Signs Bill Postponing Mandatory KSeF Implementation
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EY Announces $1 Billion Investment to Elevate Early Career Opportunities in Accounting
Increasing early career compensation and development, Integrating AI in Tax…