Bulgaria signs AEOI agreement with USA
The Bulgarian Ministry of Finance announced, on 30 May 2024, the signing of an agreement with the United States for the automatic exchange of information (AEOI). Lyudmila Petkova, Deputy Prime Minister and Minister of Finance, Bulgaria, alongside
See More
Azerbaijan approves BEPS MLI agreement
The Azerbaijan parliament ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). On 17 March 2023, the Ministry of Taxes of Azerbaijan released a statement regarding the implementation of obligations
See More
Malaysia publishes synthesised text of tax treaty with Luxembourg under BEPS MLIÂ
The Inland Revenue Board of Malaysia (IRBM) has released the synthesised text of the tax treaty with Luxembourg, providing clarifications regarding the impact of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base
See More
Poland passes new regulations regarding exchange of information on income derived by sellers through digital platforms
Poland’s Parliament has passed the Act of 23 May 2024 amending the Act on the exchange of tax information with other countries and certain other acts. The Act implements new regulations on the exchange of information on income derived by
See More
Japan updates CRS FAQs
Japan's National Tax Agency updated its FAQs on the common reporting standard (CRS) for automatic exchange of financial account information concerning non-residents on 9 April 2024. The revised FAQ includes new guidance on reporting requirements
See More
Spain publishes synthesized text of tax treaty with Armenia under BEPS MLIÂ
Spain's Ministry of Finance has released the synthesized text of the tax treaty with Armenia providing clarifications regarding the impact of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
See More
Algeria announces June deadline for annual transfer pricing declaration formÂ
The Algerian government announced that taxpayers must complete and submit the annual transfer pricing declaration (e-form) for the fiscal year of 2023 by Sunday, 30 June, 2024. The annual transfer pricing declaration form, enacted by the
See More
US negotiates CbC exchange deal with Dominican Republic
As per an update to the IRSÂ Country-by-Country Reporting Jurisdiction Status Table, the US has initiated negotiations with the Dominican Republic for a competent authority arrangement concerning the exchange of Country-by-Country (CbC)
See More
Cyprus issues new clarifications on transfer pricing rules
The Cyprus Tax Department (CTD) announced further developments concerning the Cyprus transfer pricing (TP) rules on Monday, 27 May, 2024. These updates include detailed information on the filing process for the summary information table (SIT).
See More
Ireland updates guidance on relief from stamp duty and property transfers for associated companies
The Irish Revenue has released eBrief No. 142/24 on 21 May, 2024, which provides an updated guidance on the associated companies relief for stamp duty on conveyances and transfers of property between associated corporate bodies. Revenue eBrief
See More
Germany approves Act to facilitate MLI application
The German lower house of parliament (Bundestag) approved a new Act to facilitate the application of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 16 May, 2024. This Act
See More
Cyprus releases 2022 transfer pricing documentation form
The Cyprus Tax Department announced the release of the final version of the "Table of Summarised Information" (TSI) form for the 2022 tax year on 20 May, 2024. This new form introduces a transfer pricing reporting requirement for taxpayers
See More
European Commission releases May 2024 infringements package
The European Commission unveiled its May 2024 infringements package on 23 May, 2024, detailing legal actions against several EU member states for non-compliance with EU law. The process begins with a "letter of formal notice", allowing two months
See MoreMalaysia releases synthesized text of Jordan tax treaty affected by BEPS MLI
The Inland Revenue Board of Malaysia (IRBM) has released the synthesized text of the tax treaty with Jordan, regarding changes mandated by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
See MoreEU seeks automatic exchange of financial account information agreement revisions
The Council of the European Union issued Council Decision (EU) 2024/1489 on Tuesday, 21 May, 2024, which authorised negotiations to amend agreements for the automatic exchange of financial account information. This initiative aims to enhance
See More
UK releases synthesized text of Liechtenstein tax treaty affected by BEPS MLI
The UK HMRC has released the synthesized text of the tax treaty with Liechtenstein, regarding changes from the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The Multilateral
See More
Australia: ATO proposes exemptions from Sharing Economy Reporting Regime for online platforms
The Australian Taxation Office (ATO) has proposed specific exemptions from the Sharing Economy Reporting Regime (SERR) for online platforms. The exemptions are in compliance with the OECD’s Model Reporting Rules for Digital Platforms and the
See More
France: Tax Authority updates interest deduction rates for shareholder loans
The French tax authority has updated the interest rates used to define the deductibility of interest payments made to shareholders. These updates are pertinent to companies with fiscal years ending between 31 December, 2023, and 29 June,
See More