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HMRC announced on June 8 that the self-assessment helpline will be temporarily unavailable from 12 June 2023 to 4 September 2023. During that period, self-assessment queries will be redirected to the department’s digital services, including its online guidance, digital assistant and webchat.
The European Commission published its proposal for a new directive on 19 June 2023 that is intended to make withholding tax procedures relating to dividends and interest more efficient and secure for investors, financial intermediaries and the tax administrations of the member states.
For the first time since 1997, when Canada’s transfer pricing legislation was enacted, Finance Canada has issued a consultation paper on the reforming and modernizing of Canada’s transfer pricing rules.
The IRS on March 30 released Announcement 2023-10, the annual report on the advance pricing agreement (APA) program for calendar year 2022, which shows that significantly fewer APAs were executed and that it took longer to complete them, compared with 2021.
As from 1 July 2023, the Danish Tax Agency can impose interest on corrections made to VAT returns where the corrections result in a VAT liability. The interest, which is expected to be at a rate of around 8.4% per annum, will be imposed retroactively from the date the original tax payment was due...
On 19 June 2023, the electorate and the cantons overwhelmingly approved (78.45% to 21.55%) the federal decree of 16 December 2022 on the special taxation of large multinational enterprises (MNEs), which would allow Switzerland to introduce the Global Anti-Base Erosion (GloBE) rules under the OECD...
Multinational entities (MNEs) are increasingly grappling with their global value chains (GVCs). Some MNEs are better than others, but current economic developments make it difficult to keep up and implement effective and efficient value chains.
One of the most difficult aspects of transfer pricing involves the use of comparable data and its application to attribute profits to related parties. In the best of times, finding comparables is onerous, but the challenges brought about by the Coronavirus Disease (“Covid-19”) and the resulting...
The Australian Tax Office (ATO) has released an updated draft Practical Compliance Guideline (PCG) on intangible arrangements (PCG 2023/D2) for public consultation and comments. The original draft (PCG 2021/D4) was released two years ago in May 2021, and there are significant changes in the...