Egypt | VAT
Egyptian Tax Authority (ETA) Rolls Out a Transparent, Hassle-Free VAT System for Global Providers of Digital and Remote Services.
Italy | VAT
Italy Seeks Nearly €1 Billion in VAT payments from Meta, X, and LinkedIn, Targeting Transactions from 2015 to 2022
Egypt | Tax Policy
Fostering Trust, Partnership, and Business Confidence Through Fair and Efficient Tax Services
EU | Customs
The European Commission extends tariff suspension on U.S. imports until April 14, 2025, aiming to resolve trade tensions and avoid escalation
OECD BEPS | Turkey
Amount B will not be applied to transactions involving distributors, sales agents, and brokers operating in Turkey
Saudi Arabia | Big 4
The ban could lead Saudi authorities to implement stricter compliance regulations for consulting firms
EU | Transfer Pricing
MNEs will be required to submit their first top-up tax information return by 30 June 2026, tax authorities will need to exchange this information by 31 December 2026
EU | Tax Policy
Focus on Green Transition, Addressing the VAT gap, and Commitment to Global Tax Reform are some of the priorities
Big 4
The overhaul will reduce the number of the firm’s “economic units” to 32
US | EU | Customs
European Parliament publishes key insights into EU-US trade relations and the EU's potential responses to a trade conflict
Italy | Indirect Tax
The investigation, led by the Milan Prosecutor’s Office, could impact e-commerce taxation and international trade relations
OECD | Transfer Pricing
Jurisdictions can adopt OECD’s Latest Guidelines on the Amount B approach for relevant transactions starting from fiscal years commencing on or after January 1, 2025
US | Tax Policy
Many of the eliminated positions are associated with tax compliance efforts
US | Customs
DSTs imposed by France, Austria, Italy, Spain, Turkey, the UK, and others will be assessed
Egypt | Tax Policy
New tax laws simplify compliance, offer SME incentives, and modernize enforcement, fostering a business-friendly tax environment in 2025.
UAE | E-Invoicing
Businesses and stakeholders have until 27 February to submit feedback on the UAE’s proposed eInvoicing framework
India | Tax Policy
New Income Tax Bill on the horizon, push for certainty and economic expansion, focus on manufacturing incentives and IFSC growth
US | Direct Tax
US Lawmakers Advocate for Expansion of IRS Direct File Program in Letter to Treasury and IRS Nominees
Belgium | Indirect Tax
Important Changes to Belgian VAT Filing and Payment Rules
EU | Tax Policy
Focus Areas Include: Tax Governance & Competitiveness, Closing the VAT Gap, Energy & Environmental Taxation, Customs Union Reform, EU Enlargement & Trade Relations, Sanctions Enforcement, Global Influence
Egypt | Tax Policy
A Bold Move Towards a More Dynamic Business Landscape
EU | Withholding Tax
Digital Tax Certificates, Fast-Track Refund Systems, and New Financial Intermediary Registers applicable from January 1, 2030
US | Tax Policy
As unduly restricting nations' ability to set independent tax policies
US | Customs
Agreement to Delay Tariffs for 1 month Amid Border Security Deal
US | Customs
President Trump issued Executive Orders imposing new tariffs on imports from Canada, Mexico, and China, effective February 4, 2025, ranging from 10% to 25%
US | Canada | Customs
Update on the latest U.S. tariff measures against Canada and the Canadian government’s response
US | Customs
Drafted tariffs and sanctions have been placed on hold
US | Tax Policy
We’re in the process of developing a plan to either terminate all of them or decide what’s next for those positions
US | Customs
As US and Chinese companies prepare for the potential impact of President Trump’s protectionist trade policies, uncertainty remains pervasive
Egypt | Tax Policy
A Pivotal Step Towards Enhancing Innovation and Economic Growth in the Digital Transformation Era
UK | Tax Policy
UK House of Commons Committee Report Highlights Concerns with HMRC’s Performance
EU | US | OECD BEPS
Highlighting the need for fair taxation and advancing climate initiatives at the Davos World Economic Forum
US | OECD BEPS
Any commitments made by the previous administration regarding the Global Tax Deal are declared void within the US
US | Customs
White House publishes memorandum that sets deadlines for various investigations and reports, to be delivered by April 2025
Egypt | Tax Policy
Ensuring Tax Fairness and Promoting Stronger Economic Ties Between the Two Nations
US | Tax Policy
US: IRS Commissioner Resigns on Trump´s Inauguration Date, Democrats Raise Concerns Over IRS Nominee
As IRS Commissioner Danny Werfel steps down, Trump´s Candidate Billy Long's Record on Controversial Tax Credit is being challenged
US | Customs
President´s Inauguration date, January 20, 2025 will be the birth day of the new agency
EU | US | Customs
With rising trade uncertainty between the US and its closest trade partners, we are analyzing key figures from the recent history of the EU-US trade relationship
China | Indirect Tax
VAT Law is Available to Download in English Here!
Updated VAT Deduction and Grouping Rules Aim to Align with EU Standards and Reshape Business Strategies
Denmark | Transfer Pricing
First Ruling Favoring a Taxpayer in a Transfer Pricing Case
China | VAT
Adopted end of December 2024, it aims aligning China´s VAT system closer to international standards
US | Transfer Pricing
Notice 2025-4 Aligns with OECD Report on Amount B of Pillar 1, Launching For Comments
Spain | Personal Income Tax
This isn’t the first instance of Spanish Personal Income Tax legislation being designed with high-profile footballers in mind. Spain’s so-called “Beckham Law”, introduced years ago, remains in effect today.
Global | VAT
From new tax rates to mandatory e-invoicing and digital economy rules
Canada | US Customs
Expected 25% tariff on all Canada- US imports, Canada is preparing a list of retaliatory tariffs targeting US goods
Morocco | Transfer Pricing
An In-depth Exploration of Morocco’s Transfer Pricing Regulations, OECD Alignment, and Implications for Businesses
EU | Withholding Tax
New rules take effect from January 1, 2030: Introducing Digital Tax Residence Certificate, Aims to Boost Cross-Border Investment and Combat Tax Fraud
UAE | Direct Tax
Ministry of Finance Announces Updates to Corporate Tax Law Affecting Multinationals
EU | Customs
Limiting Russia’s access to resources by enhancing trade restrictions, targeting sanctions evasion.
EU | Indirect Tax
Modernizing Tax Procedures, replacing paper VAT exemption certificates for Embassies, International Organizations, Armed Forces
US | Customs
Strategic export controls to “address national security threats”
China | Customs
Overview of the New Regulations on Export Control of Dual-Use Items
EU | Tax Policy
EU Released Statement calling out “serious outstanding reservations” on UN General Assembly 2nd Committee Resolution on Tax Cooperation
OECD | Tax Policy
Recent OECD reports show average tax-to-GDP ratio among OECD countries largely stable in 2023, growing role of VAT revenues and ongoing reforms
France | E-Invoicing and E-Reporting
Revised factsheets on the transition to mandatory electronic invoicing in France
Germany | Transfer Pricing
Stricter deadlines, higher penalties effective January 1, 2015
Egypt | VAT
Non-Resident Vendors must adhere to currency-specific transfers to comply with the Egyptian Tax Regulations.
EU | Customs
A Landmark Case Amidst Anticipated Tariff Turmoil: Shift to Material and Component Origin
US | Customs
Talk of the Town on the Thanksgiving Holiday: Sweeping US Tariffs First Targeting Mexico, Canada, China, and BRICS nations
Egypt | VAT
Egypt enforces stricter VAT rules for non-resident digital service providers, requiring registration, validation, and compliance with local tax laws.
EU | VAT
CJEU ruling clarifies EU VAT treatment for EV charging value chains, simplifying compliance for CPOs and eMSPs
OECD | Transfer Pricing
Announced at the 2024 OECD Tax Certainty Day, celebrating jurisdictions that showcased excellence in resolving tax disputes through the Mutual Agreement Procedure (MAP) and Advance Pricing Agreements (APA)
EU | Direct Tax
November Infringement Package contains discriminatory tax practices related to reinvested capital gains from the sale of German real estate
Australia | Big 4
Report on Ethics and Accountability in the Audit and Consultancy Sector contains numerous recommendations post PWC Australia scandal
Egypt | Tax Compliance
E-Commerce Tax Unit Showcases Leadership in Digital Taxation at Cairo ICT 2024
UK | Direct Tax
Repayment obligation on the UK government at a time of raising taxes and working to address a budget shortfall
ESG Principles
Exploring how ESG principles are reshaping business practices and financial strategies in the global economy.
Australia | Direct Tax
Litigation resulted in favorable outcome for ATO in 53% of cases, Settlements involving income tax and transfer pricing secured ATO 69% of disputed amounts
UAE CIT
A structured guide to completing and submitting Corporate Tax Returns, outlining the necessary information for each section and field
Prepared in Collaboration with Egyptian Tax Authority
November 17 to 20 at the Egypt International Exhibition Center in New Cairo
China | Tax Policy
China's Economic Stimulus Amid Rising Global Tensions
Germany | Tax Policy
While Numerous Legislative Projects are Expected to be delayed, Minority Government will prioritize tax policies addressing "cold progression", immediate support measures for industry, provisions to combat inflation
UAE | E-Invoicing and E-Reporting
Set to launch in 2026, the e-Invoicing system will enable near real-time exchange of invoices and tax reporting
US | Tax Policy
Republicans are Set to Tackle Key Agenda Amid Federal Debt Concerns
UAE CIT
Public Clarification from the Federal Tax Authority allowing businesses to update their tax records without incurring penalties
US | Tax Policy | Trump 2.0
Donald Trump’s renewed economic agenda highlights a focus on tax cuts, deregulation, and strategies to bolster U.S. business interests.
USA | Tax Policy
William McKinley began with a strong stance on high tariffs but gradually recognized their costs. With Trump following a similar path, history offers a vital lesson.
EU | E-invoicing and E-Reporting
Real-Time Digital Reporting and E-Invoicing will become mandatory in the European Union
UK | Tax Policy
Alongside the many announced changes, key highlights include efforts to close the tax gap, investments in HMRC and technology, as well as plans for e-invoicing and transfer pricing
US | Tax Policy
Details on adjustments and modifications to over 60 tax provisions that will affect taxpayers when they submit their returns in 2026.
UK | Tax Policy
Labour’s New Tax Measures: Key Changes
Belgium | OECD BEPS
Available to download in English Here! First submission deadline set for November 30, 2025
Spain | E-Invoicing
English translation available to download here!
EU | BEPS
Enhanced Administrative Cooperation in Taxation: update is aimed at simplifying the process of filing top-up tax information returns for large companies under the Pillar 2 Directive
UK | Tax Policy
Awaiting for Labour´s First UK Budget in 14 years, to be announced Wednesday
EU | E-Invoicing and E-Reporting
Full Agreement expected at the next November 5th EU Economic and Finance Ministers Meeting in Brussels
Argentina | Tax Policy
Collections and Customs Control Agency (ARCA) will be established with less bureaucratic structure
France | Tax Policy
2025 Budget Plan: €20 billion is expected to be sourced through Tax Increases and new levies
Big4
Sharp decline vs last year overall
Australia | Transfer Pricing
Effective from 1 January 2025, most significant change to CbC reporting to-date
Belgium | E-Invoicing
Access List Here
European Union | Customs
The regulation will still require that products placed on or exported from the EU market are deforestation-free
France | E-invoicing
PDPs will serve as the exclusive means for exchanging invoices
Germany | E-Invoicing and E-Reporting
Translation to English Available to Download Here!
OECD | Tax Policy
OECD Taxation Working Papers No 70 Released
Australia | Tax Policy
New Pathway for Taxation Disputes
US | Big4
Tax & Legal achieved the fastest growth benefiting from Changing Regulatory Landscape and Pillar 2
EU | China Customs
A levy of up to 39% in Response to EU´s Tariffs on Chinese Electric Vehicles
Egypt | Tax Policy
20 Key Measures to Build Trust with Taxpayers and Streamline Tax Services
EY | Big 4
Companies struggle with “Doing More with Less” in Ever More Complex Regulatory and Reporting landscape
European Union | Tax Policy
11 jurisdictions remain as Non-Cooperative
European Union Tax Policy
EU has approved its official position concerning UN Framework Convention on International Tax Cooperation.
EU | Customs
Additional tariffs on Chinese-made EVs up to 35.3% for five years
EU | Transfer Pricing
Judgment of the Court of Justice of the European Union in Case C-585/22
Brazil | OECD BEPS
Translation to English Available to Download Here!
UK | EU | Direct Tax
EU's Legal Setback and Britain's Win Reinforce Sovereignty Over Tax Regulations
UAE | Indirect Tax
Set to take effect on November 15, 2024
US | Transfer Pricing
Stricter Enforcement and Documentation Standards
European Union | Direct Tax
October Infringements Package on Taxation and Customs Union: Hungary, Malta, Germany, Spain, Cyprus, Poland, and Portugal
Saudi Arabia | E-Invoicing
Aimed at establishments with revenues subject to value-added tax (VAT) exceeding SAR 3 million in 2022 or 2023
Ireland | Tax Policy
Spending, Revealing Largest social protection package in Ireland´s history
European Union | ECJ
Cases on VAT, excise duties, the Customs Code, tariff classification of goods are impacted
OECD | Tax Policy
Tax Policy Reforms 2024: OECD and Selected Partner Economies
UK | Tax Career
HMRC Launches Recruitment Campaigns, 5,000 new compliance staff are expected to be hired
US | Tax Policy
Democrats are drafting legislation in case Harris wins, Trump proclaims tariffs up to 200% for foreign automobiles
OECD BEPS
Aimed at Facilitating Amount B Implementation, simplified and streamlined pricing approach for baseline marketing and distribution activities.
UAE | CIT
December 31, 2024 is the new deadline for such tax payers
European | Union Customs
Further Measures to Combat Unfair Competition
Peru | Customs | Transfer Pricing
English Translation of Guidelines Available Here!
Lithuania | E-Invoicing and E-Reporting
Real time data comparison between E-Invoicing System and VAT returns requires continuous monitoring also by the Tax Payer
UK | E-Invoicing and E-Reporting
UK´s Chancellor Unveils Series of Measures to Deliver on Government’s Agenda
Slovakia | Tax Policy
Multiple Tax changes expected under the Government of Robert Fico
Germany E-Invoicing and E-Reporting
Significant Flexibility on the Requirement to Receive AP Invoices by January 2025
Saudi Arabia | Tax Policy
Concludes on December 31, 2024
EU | Indirect Tax
Applicable for EU and Most of Non-EU Businesses Refunds
US | OECD BEPS
Firm opposition to the OECD’s global minimum tax deal, the future of U.S. involvement in the OECD’s tax framework remains uncertain
OECD BEPS
New Treaty Strengthens Pillar Two Global Minimum Tax with Subject to Tax Rule, Protecting Developing Countries' Tax Bases
UK | Indirect Tax
HMRC's expectations around VAT accounting
The Netherlands | Tax Policy
How the Dutch Cabinet’s 2025 Budget Affects Taxpayers
European Union | Tax Policy
Taxation sits in an unlikely portfolio with Climate, Net Zero, and Clean Growth
Mandating the use of structured electronic formats for accounting records
Colombia | Tax Policy
Impact on Corporate and Capital Gains Rates
OECD BEPS
Latest BEPS Developments
USA | Direct Tax
Millions of taxpayers across the U.S. are reminded to make their third-quarter estimated tax payments by September 16, 2024. This deadline is crucial for individuals whose income is not subject to withholding, such as the self-employed, investors, and retirees. Late or missed payments could lead to significant penalties.
US | Customs
Tackling Unsafe De Minimis Shipments
Ireland | Direct Tax
Transferring the assets in the Escrow Fund to Ireland will take several months to complete
UK | Transfer Pricing
Best practice approaches to Transfer Pricing to lower risk and avoid common mistakes
China | Big4
The toughest ever penalty received by a Big Four accounting firm in China, accusations of aiding in the concealment of fraud, exodus of clientele and layoffs at the firm
Egypt | Tax Policy
Launching the first package of Tax Incentives
US | Big4
New leadership continues restructuring at the US Firm
USA | Direct Tax
This initiative marks a turning point in IRS enforcement, as it strengthens the agency's ability to recover unpaid taxes and boost compliance among the wealthiest.
US | Tax Policy
Trump and Harris in their own words at the US Presidential Debate
US | Tax Policy
Taxes at the Forefront of the US Presidential Elections with “Trump Sales Tax,” “Tax Cuts for Billionaires,” and “Tax Deductions” as buzzwords
European Union | Direct Tax
as ECJ Gives Final Judgement in the Matter
European Union | Ireland | Direct Tax
Overturns General Court Decision on Apple’s Tax Rulings in Ireland
UK | Big4
Adjusts Hybrid Work Model Increasing In-Person Expectations
South Africa | Tax Policy
Available for Public Comment
Canada | Digital Services Tax
Reaction to US request on DST
Argentina Direct Tax OECD BEPS
Decree 749/2024 Aims at Attracting Investors
US Election
So far, deviating from the practice followed by other major party candidates
UK | Big 4
Impact on Tax Advisory Division
Bahrain | Direct Tax
The first member of the Gulf Cooperation Council (GCC) to implement a Domestic Minimum Top-up Tax
Brazil | Transfer Pricing
Multiple Tax developments in Brazil by the end of August:
Germany | Transfer Pricing
Case Overview: US Multinational's European Reorganization
Australia | Tax Policy
Focus on new high-risk tax areas for multinationals, Improvement of public reporting on large business tax information to boost transparency amongst other focus areas
Brazil | Indirect Tax
Draft VAT Law is available to download here!
Brazil | Transfer Pricing
English and Portuguese versions available!
Switzerland | Indirect Tax
Swiss VAT updates to streamline compliance and tax calculations, effective January 1, 2025, with key changes for businesses and platforms
UK | Tax Policy
Starmer’s ambitious plan targets UK’s fiscal challenges, hinting at tough choices and potential tax reforms to come.
US | Tax Policy
Economic agendas of candidates for the next US President cannot be more different
US | Tax Policy
Unveiled during the Democratic National Convention in Chicago
UAE CIT
Released and updated to help taxpayers navigate the implementation of Corporate Tax
UN | International Tax
A path to a universally accepted and effective international tax framework remains complex
USA | Tax Policy
President's 8.2% tax rate claim for billionaires sparks debate among experts and draws criticism from political opponents
Finland | VAT
Ministry of Finance proposes VAT hikes, small business relief, and vehicle tax adjustments in comprehensive fiscal overhaul
Chile | Indirect Tax | Customs
Fine-tuning the bill with further amendments expected
OECD | Transfer Pricing
Essential for ensuring that developing countries can tax lithium exports appropriately
UK | DAC7
HMRC published Rules for Digital platforms that let users sell goods or services
US | Tax Policy
Focus on Tax Increases in the State-Run by Democrats Candidate to US Vice President
US | Transfer Pricing
$16 billion of Potential Incremental Tax and Interest Liabilities
UN | Tax Policy
US Feedback on the Zero Draft Terms of Reference for a UN Framework Convention on International Tax Cooperation
Tax Technology | E-Invoicing and E-Reporting
Adding EDI and E-invoicing Capabilities
Big 4 | Tax Policy
Deloitte published 2024 Global Tax Policy Survey interviewing +1000 professionals from 28 countries with 90% being multinational organizations.
UK | Tax Evasion
HMRC reports 11 active probes, 28 cases under review. Aims to drive preventive measures across various business sectors.
European Commission | Country by Country Reporting
New regulation aims to enhance tax transparency and comparability across EU. Affects MNCs with €750M+ revenue. Feedback period now open.
United Nations | Transfer Pricing
Shaping Global Tax Norms and Addressing Transfer Pricing Challenges
Big 4 | Tax Technology
Increased focus on AI adoption, Crypto asset accounting and tax compliance.
US | Mexico | Transfer Pricing
This is the second renewal of the agreement, preserving the core elements of the original framework
European Union | Court of Justice
CJEU upholds EU directive on tax reporting for cross-border arrangements. Ruling addresses scope, clarity of terms, legal privilege, and proportionality. Balances tax enforcement with fundamental rights protection. Belgian case prompted preliminary ruling.
UAE CIT
107-page document clarifying key concepts under UAE Corporate Tax Law. Covers Taxable Income determination and Tax Payable calculation.
European Union | Tax Avoidance
Have Your Say on the Directive aimed to fight aggressive tax planning and tax avoidance
UK | HMRC
HMRC published annual report 2023 to 2024: protected £41.8 billion in tax by tackling avoidance, completed 320,000 compliance interventions
UK | Tax Policy
VAT on Private Schools, OECD Pillar 2 Implementation, Increasing HMRC staff and focusing on Tax Technology,…
Malaysia | E-Invoicing and E-Reporting | Indirect Tax | E-Invoicing and E-Reporting
Flexibility in Submitting Consolidated E-Invoices During Initial E-Invoice Implementation Phase
Finland | Indirect Tax
Key details and practical implications for various business scenarios under the new tax regime.
OECD | G20 | International Tax
Historic declaration on international tax cooperation
OECD G20
Key reports on international tax cooperation, digital economy challenges, and inequality highlight OECD's pivotal contributions to G20 financial policy discussions.
India | Union Budget 2024-2025
Union Budget 2024-25 on International Tax
Big4 | Scandal
Leaving Clients, Staff reductions, Pay cuts, Fines
Poland | Mandatory Disclosure Rules
What a month for Mandatory Disclosure Rules (MDR) in Poland!
US | Personal Income Tax
Candidate for US President has a history of Transparency
India | Direct Tax | Indirect Tax | Customs | Personal Income Tax
FM presents 2024-25 Budget: GST expansion, customs review, Income Tax Act simplification, and investment boost measures proposed. Aims to enhance compliance and stimulate growth.
Poland | Mandatory Disclosure Rules
First MDR interpretation issued after 5-year wait. Director of National Tax Information breaks silence, potentially opening doors for more MDR clarifications. Taxpayers anticipate increased guidance on complex tax scheme reporting.
UAE | CIT
Public Clarification published by UAE authorities
United Nations | International Tax
Priorities include Taxation of the digitalized and globalized economy; income derived from cross-border services, high-net-worth individuals
Belgium | Transfer Pricing
Mandatory from FY 2025
Poland | E-Invoicing and E-Reporting
Extension is official!
UK | General Election
A Review of Labour Party's Manifesto on Taxation
UAE | Indirect Tax | Transfer Pricing
Possibility to apply for APA and obtain Clarifications
US | Russia | International Tax
Mutual agreement on Suspension
US | Direct Tax
Courts will now employ traditional statutory construction tools to interpret laws.
US | Direct Tax
Guidance for complying with the new excise tax on stock repurchases
Oman | Personal Income Tax
A Gulf First, Expected to be in Single Digits. What does it mean for citizens?
Australia | Tax Policy
Aims to Restore Public Trust in Tax Profession
OECD BEPS
The OECD’s latest report provides extensive data on over 160 countries and jurisdictions
OECD BEPS
Comments are expected by 19 August 2024 latest
Brazil | Indirect Tax
Lower House Approved VAT reform capping VAT rate and adding more exemptions
Argentina | Tax Reform
Signature of Historic May Pact, symbolic declaration, centered around Tax.
Australia | Direct Tax | Transfer Pricing
Full Federal Court Reverses Federal Court Decision on Embedded Royalty.
UAE | Customs
The program allows businesses to correct past customs declaration errors, potentially avoiding fines. Covers various violations including import/export, transit, and warehouse issues.
The Netherlands | Customs
Changes in Dutch Customs Regulations
Italy | Indirect Tax | Direct Tax
Changes Affect Penalties Regarding Income Tax, VAT, and Withholding Tax Returns
Canada | OECD
Relevant Revenues since January 1, 2022, are impacted
Belgium | CIT | Transfer Pricing
Belgium: Administrative Tolerance for 2024 Moves Registration Requirement under Pillar 2 Regulations
Only applicable to groups that will not make Belgian advance payments for the 2024 QDMTT and/or 2024 IIR
United States | Direct Tax
Congress has the authority to attribute an entity's realized and undistributed income to its shareholders and partners.
Saudi Arabia | VAT
Additional time to correct any discrepancies in their tax records without incurring penalties
Brazil | Transfer Pricing
Aligned with OECD Guidelines
European Union E-Invoicing and E-Reporting
Stalemate at the ECOFIN Meeting: Estonia Blocks ViDA Initiative
United Kingdom | Tax Gap
Tax Gap Estimated at 39,8 billion GBP for one year
France | E-invoicing
Available to Download in English Here!
Portugal | SAF-T
Portugal: Accounting SAF-T for Established PT VAT Registered Taxpayers to Go Live in 2025
Bulgaria | SAFT-T
Expected Scope, Requirements, and SAF-T format documentation in English are available to download!
Germany | E-Invoicing
Our Article Includes an English translation of Guidelines Available to Download!
European Union | Direct Tax
Open for feedback until 30 July 2024
OECD BEPS
Pillar One and Pillar Two Tax Measures, CbCR Safe Harbour Guidance, Qualified Status
European Union | China | Customs
Investigation Reveals Unfair Subsidies in China. Provisional Duties to be introduced on July 4, 2024
European Union | VAT
VAT Liability does not necessarily require actually receiving remuneration
European Union | VAT
The ECJ provides clarification on the concept of a VAT fixed establishment on June 13, 2024
Tax Technology
Aims at Enhancing Tax Technology Solutions and Accelerating AI Innovation
Big4
“Silent layoffs" across its UK offices targeting the consulting, risk, operational, and managed service divisions
Poland | E-Invoicing
President Signs Bill Postponing Mandatory KSeF Implementation
Big4
Increasing early career compensation and development, Integrating AI in Tax and Audit Processes
UK | CIT | VAT | PIT
Promises to Lower taxes and calling to vote for Tories on July 4 Elections
Australia | CIT
If approved, public CbC reporting will be effective for reporting periods starting on or after 1 July 2024
Saudi Arabia Tax Amnesty
Initiative, originally set to end on December 31, 2023, will end June 30, 2024
US | Personal Income Tax
After the successful pilot, IRS plans to make Direct File a permanent option for federal tax returns, accessible for more taxpayers in the 2025 filing season
Portugal | Personal Income Tax
June 30 Deadline not to be missed!
OECD Pillar 1
Pillar 1 encounters roadblocks
France | E-invoicing
Technical specifications expected June 19, 2024, Go Live deadlines maintained
Spain | E-Invoicing
Rumor has it Spanish e-invoicing will be deferred to mid - 2026.
OECD BEPS
Advancing towards a final agreement on Pillar One, the anticipated signing of the Multilateral Convention by the end of June
OECD | Tax Crime
Supporting the Implementation of Principle 2 of the OECD Recommendation on Tax Crime
EU | Customs
Non- binding document on Carbon Border Adjustment Mechanism
The Netherlands | Indirect Tax | Environmental Tax
Tax Plans concern mainly VAT, Fly Tax, Plastic Packaging Tax
Latvia | Indirect Tax | E-Invoicing
E-invoicing is planned to become mandatory January of 2026 for B2B, 2025 for B2G
Italy | Environmental Tax | Plastic Tax
Postponed again!
EU | CIT
Concerns negotiations between European Union and the Swiss Confederation, the Principality of Liechtenstein, the Principality of Andorra, the Principality of Monaco and the Republic of San Marino
Belgium | Pillar 2
On May 21, 2024, the Belgian tax administration released new guidance on mandatory registration requirements
Belgium | Pillar 2
Registration to obtain number from the Belgian Trade Register
European Union | Indirect Tax
Non- EU business eligible to file VAT refund claim in a EU country should file their 2023 claims by 30 of June
European Union | ViDA
Digital Reporting Requirements, Platforms, Single VAT Registration
Belgium | BEPS
Rectification of prior legislative oversights identified in the original December 19, 2023 Pillar Two law
European Union | VAT | Withholding Taxes
ECOFIN Council Meeting of May 14, 2024 has 2 Tax related topics on Agenda
European Union | ViDA
A look at Explanatory Memorandum to the Council Directive amending Directive 2006/112/EC as regards VAT rules for the digital age
European Union | New Zealand | Customs
Most goods will have tariffs removed upon the FTA's commencement
Poland E-invoicing
Detailed Analysis of the KSeF Audit: Unveiling Flaws and Planned Remediation Steps
OECD | Personal Income Tax
Annual publication provides details of taxes paid on wages in OECD countries.
OECD BEPS
Tax Challenges Arising from the Digitalisation of the Economy.
Worldwide Indirect tax
Annual update. Worldwide VAT, GST and Sales Tax Guide 2024
Brazil indirect tax
First version of Tax Reform Proposal by Brazil´s Finance Minister with expected VAT rate to average 26,5%
US, Big 4
PricewaterhouseCoopers LLP (PwC) has been censured by the Public Company Accounting Oversight Board (PCAOB) and faces a civil money penalty of $2,750,000 due to violations related to maintaining independence.
OECD Amount B of Pillar One
A simplified approach to applying the arm's length principle to baseline marketing and distribution activities.
Australia | Big 4
Job Cuts, Penalties
Spain Personal Income Tax
”Mbappe Law” follows a precedent set by Real Madrid with “Beckham Law” reducing Personal Income Tax
Brazil | France | Global Minimum Tax
Brazil and France at the forefront in bringing forward the idea of 2% tax
Netherlands, Big4
Historic $25 million fine on KPMG Netherlands for pervasive cheating on mandatory internal training exams involving over 500 professionals.
Saudi Arabia Tax Incentive
Saudi Arabia unveiled a 30-year tax incentive for multinational companies interested in setting up their Regional Headquarters (RHQ) within the country on December 5, 2023. Subsequently, the Zakat, Tax and Customs Authority (ZATCA) released the RHQ Tax Rules on February 16, 2024, in response to this announcement.
European Union | Transfer Pricing
Explanatory Memorandum on the Proposal of Council Directive on Transfer Pricing
Philippines | Direct Tax
Details on Return filing and payments
Singapore | New Zealand | E-Invoicing
Further steps in promoting eInvoicing adoption in the Asia-Pacific (APAC) region.
Australia | Direct Tax
Aiming at greater transparency and accountability in corporate tax matters
UAE | Direct Tax
The purpose of Guide CTGQGR1 is to offer comprehensive guidance on Qualifying Group Relief as per Article 26 of the UAE Corporate Tax Law.
India | Transfer Pricing
A structured and proactive approach to transfer pricing certainty
Italy | UK | Indirect Tax
The agreement will have retrospective effect from 1 January 2021
Finland | Indirect Tax
The government is considering implementing the VAT rise before year end, with the Finance Minister reportedly looking for a quicker implementation
Canada | Budget 2024
“The government is asking the wealthiest Canadians to pay their fair share”.
US | Direct tax
Delivers Strong 2024 Tax Filing Season; Expands Services for Millions
Malaysia | E-invoicing
Failure to issue e-Invoice may result in penalties or imprisonment for each non-compliance
Singapore | E-invoicing | APAC
Implementation of InvoiceNow for GST-Registered Businesses and Free InvoiceNow Services for Newly Incorporated Businesses
Oman | Direct Tax | EMEA
Automatic Exchange of Information (AEOI) system is now available for CRS and CbC reporting
EU | Indirect Tax | E-Invoicing
Latest update from VAT Expert Group discussions
EMEA | Indirect Tax | VAT
The VAT Expert Group (VEG) recently convened in Brussels for a meeting.
India | CIT | PE | Permanent Establishment | APAC
Physical presence of employees in India is indeed a prerequisite for determining the existence of a Service PE
India | APAC | Direct Tax
No further profit attribution if an associated enterprise is remunerated at arm´s length
India | Indirect Tax
The imposition of GST on intragroup guarantees represents a significant regulatory shift
EU | Transfer Pricing
The directive should apply from 1 January 2025 (instead of 1 January 2026).
Saudi Arabia | VAT
A reminder of the key points regarding the VAT refund process for non-residents
Brazil | Indirect Tax
Legislators roll up their sleeves preparing for Brazil´s VAT implementation
Canada | Indirect Tax
Proposed Budget Changes in British Columbia (BC), Canada, contain retroactive amendments to BC PSTA with significant shift in software taxability
Poland | Direct Tax
The enactment of this act is anticipated to greatly improve tax administrations' access to data regarding taxpayers' income from sales made through digital platforms.
Italy | Plastic Tax
Expected postponement for the 7th time until July 1 2026. Impacted taxpayers will have new compliance obligations, including registration, quarterly tax returns filing, and payments
Australia | Thin Capitalization
Making Multinationals Pay Their Fair Share—Integrity and Transparency Bill 2023 passed in Senate and House of Representatives
Germany | E-Invoicing
Parliament Approves Legislation Introducing E-Invoicing Mandate
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