Impact of VAT on year-end transfer pricing adjustments

Providing intra-group services to member companies presents a significant challenge for multinational enterprises, as they must align various systems of direct and indirect taxation (such as corporate income tax and transfer pricing for direct taxation, and VAT for indirect taxation). Each of these systems is complex on its own, and additional complexity arises when they […]

Notification on new tax reporting obligations for taxpayers – related to Country-by-Country Report

As regulated by the Councile Directive (EU) 2016/881 the Country-by-Country Report (hereinafter: the CbCR) is a report by which a group of multinational enterprises (MNEs) discloses annual information about the group by every tax jurisdiction in which the MNE group does business. Ultimate parent entities of the MNEs group are required to file the CbCR […]