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UK: Rishi Sunak´s led UK Conservative Party´s 2024 Manifesto is All About Reducing Taxes
Promises to Lower taxes and calling to vote for Tories…
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Australia: Public Country-by-Country Reporting Legislation Introduced to the Parliament
If approved, public CbC reporting will be effective for reporting…
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US: Direct File Pilot for Federal Tax Returns from the IRS
After the successful pilot, IRS plans to make Direct File…
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Saudi Arabia: ZATCA Extends Tax Amnesty until end of June
Initiative, originally set to end on December 31, 2023, will…
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Portugal: Tax Authorities Release a Song (!) to Remind Submitting Personal Income Tax Return
June 30 Deadline not to be missed!
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US Efforts to Preserve Global Corporate Tax Deal Face Challenges
Pillar 1 encounters roadblocks
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France: Update on E-invoicing
Technical specifications expected June 19, 2024, Go Live deadlines maintained
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Spanish E-Invoicing: Expected Delay
Rumor has it Spanish e-invoicing will be deferred to mid…
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Inclusive Framework on BEPS Targets Multilateral Convention Signature by End of June
Advancing towards a final agreement on Pillar One, the anticipated…
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OECD Releases Report on Designing a National Strategy Against Tax Crime
Supporting the Implementation of Principle 2 of the OECD Recommendation…
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EU: European Commission releases Guidance Document on CBAM Implementation for Importers of Goods into the EU
Non- binding document on Carbon Border Adjustment Mechanism
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EU Council Decision to Open Negotiations for amendment of the Agreements concerning the automatic exchange of financial account information to improve international tax compliance
Concerns negotiations between European Union and the Swiss Confederation, the…
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Italy: PLASTIC TAX postponed to July 1st, 2026!
Postponed again!
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Latvia e-invoicing: Draft law Published, Public Consultation Opened
E-invoicing is planned to become mandatory January of 2026 for…
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The Netherlands: New Coalition Government Unveils Ambitious Tax Plans
Tax Plans concern mainly VAT, Fly Tax, Plastic Packaging Tax
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Belgium: Practicalities on Notification Requirement for In-Scope Groups Under Belgian Pillar Two Rules
Registration to obtain number from the Belgian Trade Register
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Belgium: Pillar Two Mandatory Notification for MNEs and Large Domestic Groups
On May 21, 2024, the Belgian tax administration released new…
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European Union: 13th Directive VAT Refund Deadline is fast approaching!
Non- EU business eligible to file VAT refund claim in…
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European Union: ViDA and Withholding Taxes Take a Central Stage in the Upcoming ECOFIN Meeting Agenda
ECOFIN Council Meeting of May 14, 2024 has 2 Tax…
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Belgian Parliament Adopts New Pillar Two Law with Key Modifications
Rectification of prior legislative oversights identified in the original December…
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Sneak Peak to Revised ViDA draft up for Vote May 14, 2024
Digital Reporting Requirements, Platforms, Single VAT Registration
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European Union – New Zealand Free Trade Agreement Came into Effect on May 1, 2024
Most goods will have tariffs removed upon the FTA’s commencement
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Proposal for Modernizing VAT Rules in the Digital Age: VIDA Directive
A look at Explanatory Memorandum to the Council Directive amending…
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Poland: New E-Invoicing Timeline
Detailed Analysis of the KSeF Audit: Unveiling Flaws and Planned…
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OECD Publishes Taxing Wages 2024 Report
Annual publication provides details of taxes paid on wages in…
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UAE CIT Registration: When to Register
CIT Registration Dates are fast approaching
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OECD publishes 334 pages Consolidated Commentary to the Global Anti-Base Erosion Model Rules (2023)
Tax Challenges Arising from the Digitalisation of the Economy.
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EY releases the 2024 edition to its famous Free Indirect Tax Guide!
Annual update. Worldwide VAT, GST and Sales Tax Guide 2024
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Brazil: expected VAT Rate Revealed!
First version of Tax Reform Proposal by Brazil´s Finance Minister…
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PWC US Sanctioned due to violations related to maintaining independence
PricewaterhouseCoopers LLP (PwC) has been censured by the Public Company…
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Spain Priorities: Football it is!
”Mbappe Law” follows a precedent set by Real Madrid with…
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Australia Big 4: Tough times at PWC Australia Following Tax Scandal
Job Cuts, Penalties
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OECD/G20 Inclusive Framework on BEPS released the report on Amount B of Pillar One
A simplified approach to applying the arm’s length principle to…
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Saudi Arabia Guidelines for Regional Headquarters Tax and Zakat Rules
Saudi Arabia unveiled a 30-year tax incentive for multinational companies…
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KPMG’s Record Penalty for Exam Cheating Scandal
Historic $25 million fine on KPMG Netherlands for pervasive cheating…
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G20 Considers Global Minimum Tax on Billionaires
Brazil and France at the forefront in bringing forward the…
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European Union: Proposal on Transfer Pricing Adjustments: Understanding Primary, Corresponding, and Compensating Adjustments
Explanatory Memorandum on the Proposal of Council Directive on Transfer…
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Philippines´ Issue Guidelines in the filing of Annual Income Tax Return (AITR) for Calendar Year (CY) 2023
Details on Return filing and payments
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Singapore and New Zealand Prime Ministers Announce eInvoicing Memorandum of Agreement
Further steps in promoting eInvoicing adoption in the Asia-Pacific (APAC)…
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Enhancing Tax Transparency: Australia’s New Requirements for Disclosure of Subsidiaries in Financial Reports
Aiming at greater transparency and accountability in corporate tax matters
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UAE authorities release Qualifying Group Relief Corporate Tax Guide
The purpose of Guide CTGQGR1 is to offer comprehensive guidance…
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India’s Advance Pricing Agreement (APA) Programme: The Comprehensive Procedural Framework
A structured and proactive approach to transfer pricing certainty
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Canada´s Budget for 2024 Exclaims Tax Fairness
“The government is asking the wealthiest Canadians to pay their…
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Finland: Government will raise VAT to 25.5 percent aiming to collect one billion euros a year more
The government is considering implementing the VAT rise before year…
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Italy and UK reaches reciprocity Agreement on VAT Refund Claims
The agreement will have retrospective effect from 1 January 2021
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Implementation of e-Invoice in Malaysia: Frequently Asked Questions (FAQs)
Failure to issue e-Invoice may result in penalties or imprisonment…
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The US Internal Revenue Service (IRS) has concluded the 2024 tax filing season
Delivers Strong 2024 Tax Filing Season; Expands Services for Millions
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Singapore E-invoicing: Phased adoption starting November 2025, Peppol standard
Implementation of InvoiceNow for GST-Registered Businesses and Free InvoiceNow Services…
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Oman Automatic Exchange of Information (AEOI) System Update
Automatic Exchange of Information (AEOI) system is now available for…
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Indian Tribunal’s Decision on Physical Presence Requirement for Service PE
Physical presence of employees in India is indeed a prerequisite…
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European Union: ViDA is priority for the Belgian Presidency, expectations of reaching an agreement potentially in May or June
Latest update from VAT Expert Group discussions
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European Union: VAT Expert Group Deliberates on Key VAT Policy and Implementation Measures
The VAT Expert Group (VEG) recently convened in Brussels for…
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Indian Court’s Ruling on Profit Attribution for Singapore Company’s Indian Operations
No further profit attribution if an associated enterprise is remunerated…
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European Union: Progress on the EU Council Directive on Transfer Pricing
The directive should apply from 1 January 2025 (instead of…
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Saudi Arabia: VAT Refund Procedures for Non-Residents
A reminder of the key points regarding the VAT refund…
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Polish Government Adopts DAC7 Bill to Enhance Tax Transparency
The enactment of this act is anticipated to greatly improve…
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Canada: Retroactive Amendments Regarding Software Taxability in British Columbia
Proposed Budget Changes in British Columbia (BC), Canada, contain retroactive…
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Brazil’s VAT Reform Progress: April 2024
Legislators roll up their sleeves preparing for Brazil´s VAT implementation
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Italy’s Plastic Tax planned to come into effect on July 1, 2024 expected to be postponed again
Expected postponement for the 7th time until July 1 2026.…
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Australia: Changes to Thin Capitalization Rules Finally Pass Both Houses of Parliament
Making Multinationals Pay Their Fair Share—Integrity and Transparency Bill 2023…