Latest News
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US: Anticipated Tax Plan Under Trump
Intentions for a Potential Second Term
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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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Kamala Harris Tax Returns
Candidate for US President has a history of Transparency
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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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Oman Set to Introduce Personal Income Tax
A Gulf First, Expected to be in Single Digits. What…
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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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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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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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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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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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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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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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UAE: Voluntary Disclosure Program for Customs in Dubai
The program allows businesses to correct past customs declaration errors,…
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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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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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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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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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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: European Commission Targets China’s Electric Vehicle Sector
Investigation Reveals Unfair Subsidies in China. Provisional Duties to be…
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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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EY Announces $1 Billion Investment to Elevate Early Career Opportunities in Accounting
Increasing early career compensation and development, Integrating AI in Tax…
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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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Vertex Acquires AI Capabilities from Ryan, LLC
Aims at Enhancing Tax Technology Solutions and Accelerating AI Innovation
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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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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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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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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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US Efforts to Preserve Global Corporate Tax Deal Face Challenges
Pillar 1 encounters roadblocks
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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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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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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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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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UAE CIT Registration: When to Register
CIT Registration Dates are fast approaching
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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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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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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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PWC US Sanctioned due to violations related to maintaining independence
PricewaterhouseCoopers LLP (PwC) has been censured by the Public Company…
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Brazil: expected VAT Rate Revealed!
First version of Tax Reform Proposal by Brazil´s Finance Minister…
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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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Spain Priorities: Football it is!
”Mbappe Law” follows a precedent set by Real Madrid with…
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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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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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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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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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India’s Advance Pricing Agreement (APA) Programme: The Comprehensive Procedural Framework
A structured and proactive approach to transfer pricing certainty
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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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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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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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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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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 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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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: 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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Impact of India’s Goods and Services Tax (GST) on Intragroup Guarantees
The imposition of GST on intragroup guarantees represents a significant…