Coperitas Newsletter June 2024

Welcome to our monthly newsletter. In this newsletter, you are updated on all that is new with the Coperitas software. Here you will find the most important global transfer pricing and software news. So, let us dive in and see what this month had to offer!

Coperitas news

• Next month, Coperitas will be live for 5 years! Be sure to follow Mike van Vuuren to stay up to date on 5-year Coperitas special content.
• Coperitas improved its workflow by simplifying the review process of your TP documentation.
• We enhanced the questionnaire functionality. Create a connection between questions and your TP documentation and let answers automatically flow into your TP documentation.

General transfer pricing news

?? Malaysia's 2023 transfer pricing rules tighten compliance, focus on arm's length principle, single-year comparables, and documentation thresholds, with penalties for non-compliance.

?? Nigeria's tax authority aims to enhance transfer pricing compliance by issuing safe harbor guidelines, clarifying obligations for dormant entities, and revising compliance thresholds. Key focus: improving clarity & reducing compliance costs.

?? India's outbound FDI is impacted by CBAM, stricter PE rules, and enhanced transfer pricing regulations to avoid double taxation and ensure compliance with international standards.

?? OECD members push to finalize Pillar One, aiming to address taxation of digital services and reallocate taxing rights among countries, targeting implementation by mid-2024.

?? Transfer pricing impacts MNEs in the Middle East by enforcing arm's length transactions, complying with OECD guidelines, and addressing tax base erosion risks.

?? Hungary's updated transfer pricing rules increase penalties, require detailed documentation, and tighten compliance. Key changes include stricter scrutiny, higher value thresholds, and mandatory reporting of specific transaction details.

?? Belgium's tax authority intensifies transfer pricing audits, focusing on related-party transactions, compliance with documentation, and accurate reporting. High-risk indicators include volatile results and transactions with low-tax jurisdictions.

See you in the next one!

Thank you for reading the Coperitas newsletter. Want to know more about us and how we can help you? Then be sure to check out our?website!

If you prefer to receive the newsletter directly in your mailbox, click here.

Hope you enjoyed the read, and until next month.