On 22 February 2022, the OECD published the comments on a consultation document regarding the draft model rules for nexus and revenue sourcing under Pillar One “Amount A”. The public comments shall assist an in…
On 20 January 2022, the Organisation for Economic Co-operation and Development (OECD) published a new version of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrators (“Guidelines…
On 22 December 2021, the European Commission issued a proposal for a directive implementing the Pillar Two GloBE rules uniformly across the European Union. These rules are part of the OECD's proposal for a two-…
On 12 December 2022, EU member states finally reached an agreement to implement the minimum taxation component at the EU level, known as OECD Pillar Two. The ambassadors of EU member states decided to advise th…
On 9 August 2021, the General Financial Directorate issued information on the guidance on transfer pricing in financial transactions (the “Information”) in which the General Financial Directorate refers to Tran…
The OECD kept its promise and issued a Statement on 8 October 2021 involving a draft implementation plan of the two-pillar solution to address the tax challenges arising from the digitalisation and globalisatio…
The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (i.e., BEPS Action plan) has agreed on a two-pillar solution to address challenges arising from the digitalisation and globalisation of the e…
On 18 May 2021, the European Commission (“EC”) published its long-awaited Communication on Business Taxation for the 21st Century, introducing a short-term and long-term vision for the business tax policy agend…
The updated version summarises the conclusions and recommendations set out in the original version published last spring. At the same time, it offers examples of how different countries approach, within the cur…