2021 New products and content enhancements

Stay abreast of tax challenges in the digital economy

New: Digital Taxation Monitor

As part of our online collections, our country tables provide a high-level overview of the taxation of the digitalized economy in over 60 countries, with more to come.

The Digital Taxation Monitor is the first publication of its kind that can provide such detailed information on countries’ direct and indirect taxes targeting the digitalized economy (including the new EU VAT e-commerce package, effective since 1 July 2021). It also monitors countries’ steps towards an agreement on and further implementation of a global solution (Pillar One).

The comprehensive tables provide links to the law, underlying country chapters, and related news and journal articles. The overview enables you to quickly review the unilateral measures proposed, implemented or rejected by countries, along with tables monitoring the supranational measures proposed by the OECD, the UN and the European Union.

Discover all the functionalities‌‌

Explore transfer pricing in greater depth

New: Transfer Pricing collections expanded

New chapters have been added to the Transfer Pricing Country Tax Guides on the jurisdictions of Estonia, Hong Kong, Morocco and Saudi Arabia. The transfer pricing content on our platform is unrivalled in its in-depth descriptions related to benchmarking, business restructuring, documentation requirements, risk and controversy and more for numerous countries.

New: 30 new countries added to Transfer Pricing Documentation Tables

The Transfer Pricing Documentation Tables now cover 100 countries. The tables provide guidance on CbC reporting and Master File and/or Local File requirements. In view of current initiatives from various international organizations, legislators and tax authorities, it is more important than ever for multinational corporations to have optimum transfer pricing documentation in place. The tables and underlying country chapters cover transfer pricing documentation in detail and include links to legislation, forms and government websites.

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Improved: Transfer Pricing Tables highlighting deviations from the OECD Transfer Pricing Guidelines

Our Transfer Pricing Tables provide a gateway to the extensive information in the Transfer Pricing Country Tax Guides. They support you in making transfer pricing decisions, especially when time is of the essence. The key new features of the tables are:

• A new unique summary and analysis of local deviations from the OECD Transfer Pricing Guidelines per country
• Concise, up-to-date answers to questions such as whether a measure is in place or if action is required
• A logical structure per practice area, such as benchmarking requirements or risk management. No scrolling through a chapter, everything is clustered per transaction process type
• New sections, e.g. BEPS implementation topics, benchmarking criteria, multiple-year analysis, self-initiated adjustments and more

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Improved: Country Tax Guides Transfer Pricing – TP and VAT/Customs interaction

The effect of transfer pricing adjustments on VAT and customs duties has become a key priority for businesses. Now called “18. Interaction between Transfer Pricing and Indirect Taxes”, this section of the Transfer Pricing Country Tax Guides has been expanded in all 66 country chapters to better cover the interaction between transfer pricing and indirect taxes, including VAT and customs duties. The enhancement focuses on the practical impact of adjustments and cooperation between competent authorities, offering practical case studies.

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Enriched Tax Dossiers

New: Tax Dossier on VAT E-Commerce Rules for EU Member States

We released a helpful overview of the new VAT e-commerce rules for EU Member States on our Tax Research Platform!

This new Tax Dossier provides you with a short introduction to the new VAT e-commerce rules that entered into force in the European Union as of 1 July 2021. It assists you in finding relevant information on these new rules, in one go, through overviews with:

• links to the most important directives, regulations and domestic VAT laws;
• the latest implementation status per country, with links to TNS reports;
• the sections in the VAT & Sales Tax chapters that have been updated based on the new rules; and
• links to journal articles analysing this new legislation.

Explore the new dossier‌‌

Improved: Brexit Tax Dossier

Our Brexit Tax Dossier has been updated to reflect the withdrawal of the United Kingdom from the European Union after the expiration of the transition period.

By showing the applicable rates on outbound payments to UK recipients and linking to the underlying treaties and country chapters, the dossier helps users find and simultaneously consult all the information needed to assess the impact of Brexit either on their own or their clients’ businesses.

Learn more about the updated Brexit Tax Dossier‌‌

Coming Soon! Key content enhancements for you to look forward to

Integrated Commentary on EU Direct Tax – Practical explanation of the main EU direct tax rules applicable to corporations and individuals.

Holding Companies collection – The outline and content will be completely revised to better reflect the latest developments on the topic. This collection gives a comprehensive analysis of all the relevant aspects of the life cycle of a holding company. This will include an overview of the advantages offered by the jurisdiction (formation procedure, participation exemption, treaty network, etc.) and some considerations regarding the functions typically carried out by holding companies in the jurisdiction. New content and updates are also provided on the taxation of royalties, IP Income and anti-avoidance. The chapters will furthermore be enriched with links to the Mergers & Acquisitions collection and cover information regarding corporate immigration and emigration.

New collection of Domestic Direct Tax Case Notes – In our Domestic Case Law collection we will start releasing summaries of important court decisions from major economies on direct tax issues addressing inbound or outbound situations.

New collection of DAC6 Compliance Tables – These new tables will show the national implementation of the DAC6 rules and how to comply with the different mandatory disclosure rules of EU Member States, supported with guidelines and black/whitelisted arrangements per hallmark. 

Extension of cross-references EU VAT Directive to Implementing Regulation – In addition to the cross-references between the provisions of the EU VAT Directive and provisions in the national VAT laws, we will also introduce cross-references to the important Implementing Regulation of the EU VAT Directive.

Coming Soon: New Questions & Answers supports – As part of our commitment to continuously improving your user experience, a new feature will be introduced to support your natural language searches. The first release will be in the area of Transfer Pricing.

When you start typing a single term or a full question, a panel suggesting possible answers from our content related to your search query will appear. The panel will show a list of questions and answers derived from various tables on the subject, as well as documents that contain the term. Simply select the question that best matches your query from the entries to quickly get your answer.