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Our collection of news is focused on international tax and transfer pricing.

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Japan's National Tax Agency has updated its transfer pricing documentation FAQs for 2024, addressing crucial topics such as the recalibration of financial data and discrepancies in revenue reporting. This revision provides essential insights for multinational
Brazil's shift to an arm's length standard for transfer pricing, aligned with the 2022 OECD Guidelines, marks a significant change for multinational enterprises. This new regime demands thorough documentation and strategic compliance to navigate its
The OECD's draft user guide for the GloBE information return filing standard introduces a standardized approach to global tax compliance. This initiative aims to enhance transparency and streamline reporting for multinational enterprises, ensuring a consistent
The European Court of Justice has confirmed that transactions within VAT groups are exempt from VAT, providing much-needed clarity for businesses. This ruling upholds the longstanding practice across EU Member States and offers certainty for
The June 21 ECOFIN meeting, the final one under the Belgian Presidency, highlighted significant advancements in EU tax reforms, including the FASTER initiative and the Unshell Directive. While notable progress was made, several proposals such
Canada has recently enacted comprehensive tax measures from the federal budgets of 2022, 2023, and 2024, along with the 2023 federal economic update. These measures, now part of Bill C-59 and Bill C-69, include significant
Environmental, Social, and Governance (ESG) issues are increasingly influencing transfer pricing strategies in taxation. Our article explores how multinational enterprises are adapting to evolving policies and the impact of ESG on corporate governance. Learn about
The Australian House of Representatives has passed the Treasury Laws Amendment Bill 2024, introducing crucial updates to tax laws. Key changes include clearer definitions for petroleum exploration and updated transfer pricing guidelines. This article explores
Belgium now requires multinational and domestic groups with entities under the OECD's Pillar Two rules to register with the Crossroads Bank for Enterprises (CBE). Affected groups must act quickly due to tight deadlines and comprehensive
The Organisation for Economic Cooperation and Development (OECD) recently announced major progress on the Inclusive Framework (IF) on Base Erosion and Profit Shifting (BEPS). Following the 16th meeting, negotiations on Pillar One are nearing completion,
Luxembourg has proposed significant tax reforms set to take effect in 2024. Key changes include simplifying the Minimum Net Wealth Tax (NWT) assessment, mandatory electronic filing for withholding tax returns, and new rules for share
The Kenyan government's Finance Bill 2024 introduces major tax reforms, including a 30% Significant Economic Presence (SEP) tax on non-resident digital marketplace income, replacing the Digital Service Tax (DST). The bill also revises withholding taxes,

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