Companies operating through Cyprus will have to revise their transfer pricing (TP) policies following the country’s introduction of TP rules in line with the OECD guidelines.
The OECD’s two-pillar global tax framework could lead to major revisions of the UAE’s limited corporate tax regime that hinder foreign direct investment (FDI) in the Gulf Cooperation Council (GCC) region.
The US infrastructure bill taking shape this week might impose tax reporting on cryptocurrency transactions. This could raise as much as $28 billion in much-needed tax revenue.
Singapore’s additional transfer pricing (TP) requirements and the ongoing effects of the COVID-19 pandemic are expected to increase the cost of tax compliance on multinational enterprises (MNEs).
