EMEA
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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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German Tax Court Decision on Principal Model Without Exit Tax
Case Overview: US Multinational’s European Reorganization
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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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UAE FTA Releases Comprehensive User Manuals for UAE Taxpayers
Released and updated to help taxpayers navigate the implementation of…
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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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OECD Publishes Transfer Pricing Framework for Lithium
Essential for ensuring that developing countries can tax lithium exports…
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UK: Reporting Rules for Digital Platforms
HMRC published Rules for Digital platforms that let users sell…
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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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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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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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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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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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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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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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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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Constitutional Court Rules Mandatory Disclosure Rules (MDR) Unconstitutional
What a month for Mandatory Disclosure Rules (MDR) in Poland!
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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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Belgium Updates Transfer Pricing Documentation Requirements
Mandatory from FY 2025
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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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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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Oman Set to Introduce Personal Income Tax
A Gulf First, Expected to be in Single Digits. What…
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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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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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Italy: New Rules on Administrative and Criminal Tax Sanctions
Changes Affect Penalties Regarding Income Tax, VAT, and Withholding Tax…
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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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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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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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Portugal SAF-T, E-Invoicing and E-Reporting
Portugal: Accounting SAF-T for Established PT VAT Registered Taxpayers to…
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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: 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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European Union: ECJ Judgement In Case C-696/22, C SPRL
VAT Liability does not necessarily require actually receiving remuneration
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Poland: E-invoicing Officially Postponed to 2026
President Signs Bill Postponing Mandatory KSeF Implementation
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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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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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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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France: Update on E-invoicing
Technical specifications expected June 19, 2024, Go Live deadlines maintained
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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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Spanish E-Invoicing: Expected Delay
Rumor has it Spanish e-invoicing will be deferred to mid…
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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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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 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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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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Spain Priorities: Football it is!
”Mbappe Law” follows a precedent set by Real Madrid with…
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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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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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Oman Automatic Exchange of Information (AEOI) System Update
Automatic Exchange of Information (AEOI) system is now available for…
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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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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: 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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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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Germany: E-Invoicing Approved
Parliament Approves Legislation Introducing E-Invoicing Mandate