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Vanessa Ramos Ferrin

Disclosure of cross-border arrangements (“DAC 6”)

Disclosure of cross-border arrangements (“DAC 6”)

By Flash news

 

The law of 25 March 2020, implementing the disclosure of cross-border arrangements (“DAC 6”), has been published in Mémorial A and entered into force from 1 July 2020. However, it is requested that all cross-border arrangements occurred between 25 June 2018 and 30 June 2020 must be reported by intermediaries or taxpayers by 31 August 2020. The law can be found on the following link.

27 March 2020
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TFPS was ranked in the World Transfer Pricing Edition 2020

TFPS was ranked in the World Transfer Pricing Edition 2020

By Announcements

TransFair Pricing Solutions (“TFPS”)has been ranked in the World Transfer Pricing Edition 2020 in the category “Luxembourg Transfer Pricing Firm”. The World TP is the comprehensive guide to the world’s leading transfer pricing firms. It is produced in association with the International Tax Review, it provides rankings and profiles of the most effective TP practitioners in the world, covering more than 55 jurisdictions located on every continent.

All details about the ranking are available at this link

 

 

25 September 2019
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TFPS has been nominated for the European Tax Awards 2019

TFPS has been nominated for the European Tax Awards 2019

By Announcements

TransFair Pricing Solutions (“TFPS”) has been nominated for the European Tax Awards 2019 in the category “Luxembourg Transfer Pricing Firm of the Year” by International Tax Review, one of the most prestigious tax law rankings. 

The European Tax Awards take place annually and recognise the leading tax and transfer pricing professionals around Europe. The firms are judged on key criteria such as innovation, complexity, and size of their transactions.

The gala and the announcement of the final results will take place in London on 16th May.

All details about the event including all nominations are available at this link.

 

27 March 2019
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Circular 790: VAT Taxable basis for intra-group transactions

Circular 790: VAT Taxable basis for intra-group transactions

By Flash news

On 18 January 2019, the Luxembourg VAT Authorities published a new circular (n°790), which provides further clarification for the determination of VAT taxable basis for intra-group transactions. The circular covers the following points:

  • Transactions for which the addresses do not have a right to full deduction of the tax and whose invoiced or agreed remuneration is lower than the normal value.
  • Transactions carried out in the context of an activity that is only partially deductible and whose tax base is used to establish the amount of the tax deductible.
  • Transactions exempted under Article 44 and not entitled to a deduction of the tax, the invoiced or agreed remuneration of which is lower than the normal value (arm’s length price).
  • Transactions giving rise to the right to deduct tax, the invoiced or agreed remuneration of which is greater than the normal value (arm’s length price).
17 January 2018
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