Latest News
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France Issues Update on B2B Electronic Invoicing
PDPs will serve as the exclusive means for exchanging invoices
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German Tax Authorities Update on Mandatory Electronic Invoicing for Domestic B2B Transactions
Translation to English Available to Download Here!
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Australia´s Administrative Review Tribunal Begins Operations
New Pathway for Taxation Disputes
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OECD Examines Tax Arbitrage in Closely Held Businesses
OECD Taxation Working Papers No 70 Released
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Deloitte Reports FY2024 Revenue of $67.2 Billion, Expands Workforce to 460,000
Tax & Legal achieved the fastest growth benefiting from Changing…
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China Imposes Tariffs on European Brandy
A levy of up to 39% in Response to EU´s…
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EY US Partners Face Deferred Compensation
Financial Struggles and Leadership Criticism
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Egypt introduces the First Package of Tax Reforms aimed at Driving Economic Transformation and Attracting Investment
20 Key Measures to Build Trust with Taxpayers and Streamline…
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The EY 2024 Tax and Finance Operations Survey: Managing Transformation Amid Cost Pressures and Talent Shortages, with GenAI Still Underutilized
Companies struggle with “Doing More with Less” in Ever More…
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EU Approves Tariffs on Chinese Electric Vehicles Following Anti-Subsidy Probe
Additional tariffs on Chinese-made EVs up to 35.3% for five…
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EU Reaffirms Commitment to Inclusive and Effective International Tax Cooperation
EU has approved its official position concerning UN Framework Convention…
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EU Removes Antigua and Barbuda from the List of Non-Cooperative Tax Jurisdictions
11 jurisdictions remain as Non-Cooperative
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Brazil Introduces OECD Pillar Two Rules with Provisional Measure
Translation to English Available to Download Here!
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EU Court Confirms Legality of Dutch Law Limiting Interest Deduction on Intra-Group Loans
Judgment of the Court of Justice of the European Union…
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Corporate Income Tax | Direct Tax | European Court of Justice | European Union | Latest News | Tax PolicyUK Wins EU Dispute on CFC Rules at the Court of Justice
EU’s Legal Setback and Britain’s Win Reinforce Sovereignty Over Tax…
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UAE Implements Revisions to VAT Executive Regulations
Set to take effect on November 15, 2024
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US IRS Updates on Transfer Pricing Penalties
Stricter Enforcement and Documentation Standards
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European Commission Takes Legal Action on Taxation Matters Across Member States
October Infringements Package on Taxation and Customs Union: Hungary, Malta,…
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Saudi Arabia Announces Criteria for 16th Group in E-Invoicing Integration Phase
Aimed at establishments with revenues subject to value-added tax (VAT)…
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OECD publishes Analysis of Tax Reforms implemented or announced in 2023 across 90 jurisdictions
Tax Policy Reforms 2024: OECD and Selected Partner Economies
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New Rules on Jurisdiction Transfer Between the Court of Justice and the General Court Now in Effect
Cases on VAT, excise duties, the Customs Code, tariff classification…
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Ireland’s Budget 2025
Spending, Revealing Largest social protection package in Ireland´s history
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US International Tax Policy Update: Harris Supports Biden Reforms while Trump Proposes Tariff Changes
Democrats are drafting legislation in case Harris wins, Trump proclaims…
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UK´s HMRC is Hiring in Tax in Large Numbers!
HMRC Launches Recruitment Campaigns, 5,000 new compliance staff are expected…
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UAE Extends Deadline for Filing Corporate Tax Returns and Settling Corporate Tax Payable for Certain Taxpayers
December 31, 2024 is the new deadline for such tax…
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OECD/G20 Inclusive Framework Introduces Model Competent Authority Agreement
Aimed at Facilitating Amount B Implementation, simplified and streamlined pricing…
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European Commission to Register Imports Under Trade Defence Investigations
Further Measures to Combat Unfair Competition
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Lithuania launches Pilot Program for Real-Time VAT Return Assessments
Real time data comparison between E-Invoicing System and VAT returns…
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Peru Clarifies Informative Affidavit Requirements for Goods´ Transactions with Related Parties
English Translation of Guidelines Available Here!
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Slovakia: Draft Tax Measures for 2024
Multiple Tax changes expected under the Government of Robert Fico
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UK: Upcoming Consultation on E-invoicing for B2B and B2G; Digital Transformation Roadmap will be released in Spring 2025
UK´s Chancellor Unveils Series of Measures to Deliver on Government’s…
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German E-Invoices: Email Inbox Now Sufficient for Receipt
Significant Flexibility on the Requirement to Receive AP Invoices by…
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European Union: Reminder of the September 30 VAT Refund Deadline
Applicable for EU and Most of Non-EU Businesses Refunds
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Saudi Arabia Invites Taxpayers to Take Advantage of the Cancellation of Fines and Exemption of Penalties Initiative
Concludes on December 31, 2024
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OECD: Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule is Signed by 9 countries
New Treaty Strengthens Pillar Two Global Minimum Tax with Subject…
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US: House Republicans Condemn Biden-Harris Administration’s Support for OECD Global Tax Deal
Firm opposition to the OECD’s global minimum tax deal, the…
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HMRC Issues New VAT Compliance Guidelines
HMRC’s expectations around VAT accounting
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New European Commission and the apparent downscaling of Taxation from the priorities
Taxation sits in an unlikely portfolio with Climate, Net Zero,…
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The Netherlands: Budget Day 2025 and Tax Changes Announced
How the Dutch Cabinet’s 2025 Budget Affects Taxpayers
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Poland: Rules for the Digitization of Accounting Documentation in CIT
Mandating the use of structured electronic formats for accounting records
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Colombian 2024 Tax Reform Bill Submitted to Congress
Impact on Corporate and Capital Gains Rates
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US: Biden-Harris Administration Introduces Measures aimed at E-Commerce
Tackling Unsafe De Minimis Shipments
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US IRS: September 16 Deadline for Third-Quarter Estimated Tax Payments
Millions of taxpayers across the U.S. are reminded to make…
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Latest OECD publications on the outcomes of the implementation of BEPS Action 13 and Action 14
Latest BEPS Developments
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Apple Case: Ireland´s reaction to getting 13 bln EUR richer
Transferring the assets in the Escrow Fund to Ireland will…
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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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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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Apple Tax Case: A Look Back at the Decade of Dispute
as ECJ Gives Final Judgement in the Matter
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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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Australian Taxation Office Releases Annual Corporate Plan
Focus on new high-risk tax areas for multinationals, Improvement of…
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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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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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Brazil’s Normative Instruction on Transfer Pricing Rules- Available to Download Here!
English and Portuguese versions available!
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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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Swiss Federal Council Adopts Partial Revision of Swiss VAT Ordinance
Swiss VAT updates to streamline compliance and tax calculations, effective…
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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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UK: Reporting Rules for Digital Platforms
HMRC published Rules for Digital platforms that let users sell…
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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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Vertex, Inc. Acquires ecosio to Enhance E-Invoicing and Compliance Solutions
Adding EDI and E-invoicing Capabilities
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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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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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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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India’s Digital Shift: Withdrawal of the E-commerce Levy
Union Budget 2024- 2025