Press Room

By joining the Inclusive Framework on Base Erosion and Profit Shifting on 2 June 2017, Thailand committed itself to the implementation of the BEPS minimum standards.

The new Law on Tax Administration (“LTA”), effective from 1 July 2020, strengthens the tax enforcement in Vietnam.

Pakistan shifted the focus of its Tax Authorities towards transfer pricing issues by introducing regulatory amendments concerning TP audits.

The contribution from Nigeria sheds light on the first transfer pricing decision of the Nigerian tax appeals tribunal and provides a brief outlook on what taxpayers should consider in view of their transfer pricing.

Since the beginning of 2020,reduced limitations on Taiwan’s “one-time transfer pricing adjustment” became effective, which helps enterprises to achieve an arm’s-length result even in times of unexpected market conditions.

Despite the modernised Income Tax Law and Tax Code, which has been published at the beginning of this year, Chile expects further practical and regulatory modifications due to the ongoing COVID-19 pandemic.

Our colleagues from Argentina provide an overview of the new transfer pricing regulations by summarising the six main aspects of GR4717.

Ukraine recently introduced new proportional adjustment rules, which could lead to a reduced risk of double taxation triggered by one-sided TP adjustments.

In an example, our colleagues from the Netherlands describe the field of tension in which the OECD regulations and Dutch tax laws on the deductibility of intra-company financing are currently moving.

In Italy, a new Legislative Decree came into force to ensure a more effective EU transfer pricing dispute resolution mechanism.

Hungary provided its taxpayers a four-month extension of their transfer pricing documentation and furthermore accepts a re-evaluation of the profit-loss model, due to the impact of COVID-19.

Typification of the arm’s length principle also applicable to domestic transactions? A comparison of tax consequences in cross-border and domestic cases

Our French colleagues explain what needs to be considered from a transfer pricing perspective in these times of COVID-19, especially with regard to documentation requirements, the use of benchmarking studies and the deductibility of interest expenses.

The Belgian Minister of Finance has just signed a Royal Decree in which Bernard Peeters, Director of the WTS Global Board has been appointed for the Belgian Advisory Commission.

WTS Global experst share their regional expertise in a comprehensive overview.

An overview of main corporate taxes in 17 selected jurisdictions:

Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela.

Financial Advisory field expands

Finance (Miscellaneous Provisions) Bill 2019

Prof. Dr. Axel Nientimp and Andreas Riedl elected as new partners

With the beginning of the fiscal year, WTS Germany extends its partnership by nine additional partners with effect from July 1, 2019

WTS is expanding its asset management & financial services practice with Klaus D. Hahne

WTS and DFKI present an international AI study on the digital maturity of tax functions

The agreement was closed in the joint endeavor to serve its international clients in all tax matters independently

For the second year in a row, WTS Global has been distinguished as "European Indirect Tax Firm of the Year".

Top-tier tax law boutique Villemot, Barthès & Associés (VB&A) new member firm - Jean-Laurent Anglade is joining at partner at WTS France

European Tax Law Centre (ETLC) will be headed by Koen Morbée, Tax Partner at Tiberghien

The study is identifying key AI technologies which can be used to aid and automate both basic services and more sophisticated tax activities. These key technologies are also being examined and evaluated in terms of their technical maturity and economic impact.