It’s the pre-summer holiday rush for BEPS 2.0 with the OECD working hard to secure the Pillar One deal, as well as preparing much needed guidance on Pillar Two. This month has seen Pillar Two developments in the Czech Republic, Denmark, Germany, Gibraltar and Norway. Harmonized withholding tax procedures in the EU have taken a leap forward with the EC issuing a proposed FASTER Directive. Public country-by-country reporting continues to dominate the international tax landscape with more EU countries implementing the rules, and Romania issuing clarifications on its existing regime. In a welcome development for MNEs, Australia has delayed implementation of its regime for 12 months and is reconsidering the scope of its rules. Finally, Brazil has issued much needed guidance on its new transfer pricing regime.
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It’s the pre-summer holiday rush for BEPS 2.0 with the OECD working hard to secure the Pillar One deal, as well as preparing much needed guidance on Pillar Two. This month has seen Pillar Two developments in the Czech Republic, Denmark, Germany, Gibraltar and Norway. Harmonized withholding tax procedures in the EU have taken a leap forward with the EC issuing a proposed FASTER Directive. Public country-by-country reporting continues to dominate the international tax landscape with more EU countries implementing the rules, and Romania issuing clarifications on its existing regime. In a welcome development for MNEs, Australia has delayed implementation of its regime for 12 months and is reconsidering the scope of its rules. Finally, Brazil has issued much needed guidance on its new transfer pricing regime.
If you are not a subscriber, subscribe now to read this content.
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