Tax & IFRS News [en]

EU News [en]

European Commission: Report on Tax Reforms in EU Member States 2015

European Commission publishes report on tax reforms in EU Member States „Tax Reforms in EU Member States 2015 – Tax policy challenges for economic growth and fiscal sustainability”. According to the report, EU Member States have made progress towards improving their tax systems but most still face important challenges and should continue their efforts. The Tax […]





EU Tax Customs Audit Anti-fraud [en]

EC, VAT Gap study: The total amount of VAT lost across the EU is estimated at €168 billion

VAT revenue collection has failed to show significant improvement across EU Member States according to the latest figures released by the European Commission. Based on VAT collection figures from 2013, the overall difference between the expected VAT revenue and the amount actually collected (the so-called „VAT Gap”) did not improve on 2012. While 15 Member […]





EU Tax Customs Audit Anti-fraud [en]

FISCALIS workshop on „VAT rules for passenger transport” | Ankara, 27-29 April 2015

Under the FISCALIS 2020 programme a workshop on the VAT rules for passenger transport will take place in Ankara (Turkey) from 27 to 29 April 2015. The final report of the study on the impact of the current VAT rules for passenger transport that was published on 15 January 2015 constitutes the starting point for […]





EU News [en]

EC Customs: Public consultation on a review of the cash control Regulation

European Commission launch a public consultation on a review of Regulation (EC) N° 1889/2005 “on controls of cash entering or leaving the Community”. Period of consultation: From 27.02.2015 to 01.06.2015 The objective of this consultation is to gain stakeholder and public input regarding a review of Regulation 1889/2005 “on controls of cash entering or leaving the Community”. […]





OECD Tax News [en]

Heads of Tax Administration agree global actions to meet global challenges

The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and the move to automatic exchange of financial account information took centre stage when Heads of Tax Administration met on 23-24 October in Dublin, Ireland. Nearly forty delegations, including international and regional tax organisations, participated in the Ninth Meeting of the OECD Forum on Tax Administration (FTA) and agreed that […]





OECD Tax News [en], Stiri

OECD: Standardul global pentru schimbul automat de informaţii fiscale

Ca masura importanta spre a asigura o transparenta sporita si pentru a pune capat confidentialitatii bancare in probleme fiscale, OCDE a lansat varianta integrala a unui nou standard global pentru schimbul automat de informatii intre jurisdictii.  Standardul pentru schimbul automat de informatii privind conturile financiare in scopuri fiscale solicita guvernelor sa obtina informatii detaliate de […]





OECD Tax News [en]

Tax Challenges of the Digital Economy | Comments received by OECD

On 22 November 2013, a request for input on the tax challenges of the digital economy was published on the OECD website, with a deadline of 22 December 2013. The OECD now publishes the comments received. The comments will be discussed by delegates to the Task Force on the Digital Economy at its February 2014 meeting. The following stakeholders […]





OECD Tax News [en]

OECD: Discussion Draft on transfer pricing documentation and country-by-counrty reporting

Action 13 of the BEPS – Base Erosion and Profit Shifting Action Plan released on 19 July 2013 calls for a review of the existing transfer pricing documentation rules and the development of a template for country-by-country reporting of income, taxes and economic activity for tax administrations. An initial draft of revised guidance on transfer pricing documentation and […]





OECD Tax News [en]

Discussion Draft on transfer pricing documentation and country-by-country reporting released for public comment

Interested parties are invited to comment on this paper prepared by the OECD in the context of revision to Chapter V of the Transfer Pricing Guidelines.





IFRS Standards News [en]

Article by Paul Pacter: Global Accounting Standards – From Vision to Reality

17 January 2014– Delivered by Feed43 service





OECD Tax News [en]

OECD publishes comments received on the Tax Challenges of the Digital Economy

On 22 November 2013, a request for public comments on the tax challenges of the digital economy was launched. The OECD now publishes the comments received.





EU Audit Accounting News [en]

EU: New regulation adopting international accounting standards

Accounting





EU Audit Accounting News [en]

New regulation adopting accounting standards

Accounting





EU Tax Customs Audit Anti-fraud [en]

VAT and excise duties: Commission adopts report on allowances for travellers from non-EU countries

Report to the European Parliament and the Council on travellers’ allowances in accordance with Council Directive 2007/74/EC on the exemption from VAT and excise duty of goods imported by persons travelling from third countries.





EU Audit Accounting News [en]

The European Parliament and EU Member States reached a provisional agreement on the reform of the audit sector

Auditing





EU News [en]

EC: Tackling Tax Avoidance – Commission tightens key EU corporate tax rules

The Commission proposed amendments to key EU corporate tax legislation, in order to significantly reduce tax avoidance in Europe. The proposal will close loopholes in the Parent-Subsidiary Directive, which some companies have been using to escape taxation. In particular, companies will no longer be able to exploit differences in the way intra-group payments are taxed […]





OECD Tax News [en]

OECD: Making fiscal decentralisation work

Hundreds of thousands of elected sub-national governments worldwide provide services and levy taxes on residents and companies.





OECD Tax News [en]

OECD: Comments received on the definition of “permanent establishment” – Article 5 of the OECD Model Tax Convention

On 25 June 2013, the OECD released for public comment a discussion draft on the tax treatment of various payments that may be made following the termination of an employment. The OECD has now published the comments received on this discussion draft.





OECD Tax News [en]

OECD: Global Forum moves towards automatic exchange of tax information and transparency

The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.





OECD Tax News [en]

Tax Policy Working Papers

Working papers from the Centre for Tax Policy and Administration of the OECD that cover the full range of the Centres work on taxation with the main focus on tax policy related issues.





OECD Tax News [en]

A boost to transparency and international tax co-operation

International efforts to combat tax evasion and avoidance got a boost today as additional countries and jurisdictions agreed to join more than 60 other countries in tax co-operation through a key multilateral tax instrument during the first day of a gl…





EU Audit Accounting News [en]

New regulation adopting standards: Commission Regulation (EU) No 1174/2013 of 20 November 2013 amending Regulation (EC) No 1126/2008

Accounting





IFRS Standards News [en]

IASB completes important steps in reform of financial instruments accounting

19 November 2013– Delivered by Feed43 service





OECD Tax News [en]

OECD invites public comments on a discussion draft on technical changes to be included in the next update to the Model Tax Convention

The OECD Committee on Fiscal Affairs invites public comments on a discussion draft that includes various technical changes to be included in the next update to the OECD Model Tax Convention.





OECD Tax News [en]

OECD invites public comments on a discussion draft on proposed changes to the provisions dealing with the operation of ships and aircraft in international traffic

The OECD invites public comments on a discussion draft that includes proposed changes to the OECD Model Tax Convention dealing with the operation of ships and aircraft in international traffic.





OECD Tax News [en]

OECD consults on transfer pricing matters

Today, the OECD held a public consultation on transfer pricing topics at the OECD headquarters in Paris. The meeting was attended by delegates from more than 35 countries and by more than 150 representatives of business, academia, civil society and the…





EU News [en]

European Commission continues legal action against Romania on rights for the self-employed

On 26 Sept. 2013, the Commission has today sent a reasoned opinion to Romania due to its failure to fully transpose the Directive on equality between men and women in self-employed activity. The deadline for transposition expired on 5 August 2012 and a letter of formal notice was sent to Romania in September 2012. So far Romania […]





EU Audit Accounting News [en]

Financial reporting rules: Commission requests Romania to change accounting rules

On 26 sept. 2013, the European Commission has requested Romania to align its rules on valuation and accounting of purchased debt claims with EU law. According to EU law, as a general rule, items shown in the annual accounts shall be valued using a method based on the principle of purchase price or production costs. […]





EU Tax Customs Audit Anti-fraud [en]

Taxation: Commission requests Romania to review its tax rules on non-residents’ employment income

On 26 sept. 2013, the European Commission has officially asked Romania to amend its discriminatory tax treatment of employment income of non-residents. Romanian legislation does not allow non-resident individuals who work and earn all or most of their income in Romania to benefit from personal and family deductions. This may result in unfair higher taxation in Romania, […]





EU Tax Customs Audit Anti-fraud [en]

Taxation: Commission requests Romania to change its VAT refund practice

On 26 Sept. 2013, the European Commission has formally requested Romania to change its administrative practice of refunding VAT. Almost all VAT refunds claims are systematically settled with unreasonable delays, sometimes taking over 180 days. This practice is not in line with EU VAT rules which foresee that VAT should be refunded swiftly so as not to create a […]