be OECD and tax administrations discuss BEPS implementation at regional meeting in Georgia By www.oecd.org Published On :: Fri, 07 Apr 2017 16:00:00 GMT Almost 50 delegates from 14 countries and 7 organisations gathered in Tbilisi for the second regional meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) in the Eastern Europe and Central Asia region. Full Article
be The United Arab Emirates become the 109th jurisdiction to join the most powerful multilateral treaty against offshore tax evasion and avoidance By www.oecd.org Published On :: Fri, 21 Apr 2017 15:08:00 GMT His Excellency Muadid Hareb Mughair Al-Khaili, Ambassador of the United Arab Emirates to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of the OECD Deputy Secretary-General, Rintaro Tamaki. Full Article
be OECD releases CbC reporting implementation status and exchange relationships between tax administrations By www.oecd.org Published On :: Thu, 04 May 2017 11:00:00 GMT Today, another important step was taken to implement Country-by-Country Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports. Full Article
be OECD launches facility to disclose CRS avoidance schemes; over 1800 relationships now in place to automatically exchange CRS information between tax authorities By www.oecd.org Published On :: Fri, 05 May 2017 15:00:00 GMT As part of its ongoing efforts to maintain the integrity of the Common Reporting Standard (CRS), the OECD is today launching a disclosure facility on the AEOI portal which allows interested parties to report potential schemes to circumvent the CRS.Over 1800 bilateral exchange relationships in place for the exchange of CRS information. Full Article
be OECD releases peer review document for assessment of the BEPS Action 6 minimum standard By www.oecd.org Published On :: Mon, 29 May 2017 12:19:00 GMT Today the OECD released the key document, approved by the Inclusive Framework on BEPS, which will form the basis of the peer review of the Action 6 minimum standard on preventing the granting of treaty benefits in inappropriate circumstances. Full Article
be Djibouti joins the Inclusive Framework on BEPS and the Global Forum By www.oecd.org Published On :: Wed, 31 May 2017 11:00:00 GMT The Inclusive Framework on BEPS ("IF") welcomes Djibouti as its newest member, bringing to 97 the total number of countries and jurisdictions participating on an equal footing in the project. Djibouti also joins the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 141st member. Full Article
be Thailand joins the Inclusive Framework on BEPS and participates in first joint programme for the implementation of international tax standards By www.oecd.org Published On :: Fri, 02 Jun 2017 15:00:00 GMT Thailand has become the 98th jurisdiction to join the Inclusive Framework on BEPS (“IF”) and will participate on an equal footing with all other IF members at the next plenary meeting of the IF that will be held on 21-22 June 2017 in Noordwijk, the Netherlands. Full Article
be Ground-breaking multilateral BEPS convention signed at OECD will close loopholes in thousands of tax treaties worldwide By www.oecd.org Published On :: Wed, 07 Jun 2017 15:53:00 GMT Ministers and high-level officials from 76 countries and jurisdictions have signed today or formally expressed their intention to sign an innovative multilateral convention that will swiftly implement a series of tax treaty measures to update the existing network of bilateral tax treaties. Full Article
be Save the date: Q&A webinar on the Multilateral BEPS Convention By bit.ly Published On :: Fri, 09 Jun 2017 15:00:00 GMT You are invited to join a webinar on 9 June at 15h00 with OECD experts to discuss the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). This online event follows the signing ceremony which took place in Paris on 7 June where over 65 countries and jurisdictions signed the multilateral instrument. Participants will have the opportunity to ask questions during the webinar. Full Article
be OECD releases BEPS discussion drafts on attribution of profits to permanent establishments and transactional profit splits By www.oecd.org Published On :: Thu, 22 Jun 2017 12:00:00 GMT Public comments are invited on two discussion drafts: Attribution of Profits to Permanent Establishments, which deals with work in relation to Action 7 of the BEPS Action Plan and the Revised Guidance on Profit Splits, which deals with work in relation to Actions 8-10 of the BEPS Action Plan. Full Article
be Third meeting of the Inclusive Framework on BEPS delivers results By www.oecd.org Published On :: Thu, 22 Jun 2017 14:00:00 GMT Over 200 delegates from 83 countries and jurisdictions as well as 12 international and regional organisations met in Noordvijk, The Netherlands, on 21-22 June 2017 for the Third Meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS). Full Article
be The Platform for Collaboration on Tax delivers a toolkit to help developing countries address the lack of comparables for transfer pricing analyses and better understand mineral product pricing practices By www.oecd.org Published On :: Thu, 22 Jun 2017 16:00:00 GMT The Platform for Collaboration on Tax (PCT) – a joint initiative of the International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (UN) and World Bank Group – has published a toolkit to provide practical guidance to developing countries to better protect their tax bases. Full Article
be Barbados joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Tue, 04 Jul 2017 16:00:00 GMT Barbados has become the 101st jurisdiction to join the Inclusive Framework on BEPS (“IF”). Full Article
be Mauritius signs the multilateral BEPS Convention to tackle tax avoidance by multinational enterprises By www.oecd.org Published On :: Wed, 05 Jul 2017 12:00:00 GMT Today at the OECD Headquarters in Paris, Mahess Rawoteea of the Ministry of Finance and Economic Development of Mauritius, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) in the presence of Douglas Frantz, OECD Deputy Secretary-General. Full Article
be Public comments received on the BEPS discussion draft on the Implementation Guidance on Hard-to-Value Intangibles By www.oecd.org Published On :: Wed, 05 Jul 2017 16:32:00 GMT On 23 May 2017, interested parties were invited to provide comments on a discussion draft that provides guidance on the implementation of the approach to pricing transfers of hard-to-value intangibles described in Chapter VI of the Transfer Pricing Guidelines. Full Article
be OECD, CREDAF and UNDP hold a regional meeting of the Inclusive Framework on BEPS for French speaking countries By www.oecd.org Published On :: Thu, 06 Jul 2017 11:00:00 GMT Fifty delegates representing 10 countries gathered in Cotonou (Benin) on 3-5 July 2017 for the second regional meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) for French speaking countries. These regional meetings offer participants from around the world the opportunity to provide their views and input to the Inclusive Framework on BEPS. Full Article
be Montserrat joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Thu, 06 Jul 2017 17:00:00 GMT The Inclusive Framework welcomed Montserrat, bringing to 102 the total number of countries and jurisdictions participating on an equal footing in the Project. Full Article
be Cameroon becomes the 70th jurisdiction to join the multilateral BEPS Convention to tackle tax avoidance by multinational enterprises By www.oecd.org Published On :: Tue, 11 Jul 2017 16:57:00 GMT Today at the OECD Headquarters in Paris, Alamine Ousmane Mey, Minister of Finances of Cameroon, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) in the presence of Pascal Saint-Amans, Director of the OECD Centre for Tax for Tax Policy and Administration. Full Article
be OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting (BEPS Action 13) By www.oecd.org Published On :: Tue, 18 Jul 2017 11:00:00 GMT The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13). Full Article
be BEPS: Neutralising the tax effects of branch mismatch arrangements By www.oecd.org Published On :: Thu, 27 Jul 2017 11:00:00 GMT Today, the OECD released a report on Neutralising the Effects of Branch Mismatch Arrangements (BEPS Action 2). This new report sets out recommendations for changes to domestic law that would bring the treatment of these branch mismatch structures into line with outcomes described in the 2015 Report. Full Article
be Nigeria signs both the Multilateral BEPS Convention and the CRS Multilateral Competent Authority Agreement to tackle international tax avoidance and evasion By www.oecd.org Published On :: Thu, 17 Aug 2017 15:00:00 GMT Today at the OECD Headquarters in Paris, Nigeria signed two major multilateral instruments: the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) and the CRS Multilateral Competent Authority Agreement (the CRS MCAA). Nigeria becomes the 71st jurisdiction to sign the MLI and the 94th jurisdiction to join the CRS MCAA. Full Article
be OECD releases further guidance on Country-by-Country reporting (BEPS Action 13) By www.oecd.org Published On :: Wed, 06 Sep 2017 11:00:00 GMT The OECD's Inclusive Framework on BEPS has released two sets of guidance to give greater certainty to tax administrations and MNE Groups alike on the implementation and operation of Country-by-Country (CbC) Reporting (BEPS Action 13). Full Article
be Countries are using tax policy to drive growth, reduce inequalities and promote behavioural change By www.oecd.org Published On :: Wed, 13 Sep 2017 15:00:00 GMT Countries have continued the trend towards implementing tax policy reforms as part of wider strategies to boost growth, with a growing focus on reducing inequalities and driving behavioural change, according to a new report from the OECD. Full Article
be First automatic Common Reporting Standard exchanges between 49 jurisdictions set to take place this month; now over 2000 bilateral exchange relationships in place By www.oecd.org Published On :: Thu, 14 Sep 2017 11:00:00 GMT At present, 102 jurisdictions have publicly committed to implement the Common Reporting Standard, with 49 being committed to start exchanges this month and a further 53 taking up exchanges in September 2018. Full Article
be Tax administrations deliver on information exchange, BEPS and tax certainty agenda, and move forward on the digital and the sharing economy By www.oecd.org Published On :: Mon, 25 Sep 2017 10:06:00 GMT Tax administrations are playing a critical role as governments start implementing new international measures to counter offshore evasion and combat tax avoidance by multinational enterprises. Full Article
be OECD releases first peer reviews on implementation of BEPS minimum standards on improving tax dispute resolution mechanisms By www.oecd.org Published On :: Tue, 26 Sep 2017 11:00:00 GMT As part of continuing efforts to improve the international tax framework, the OECD has released the first analysis of individual country efforts to improve dispute resolution mechanisms. Full Article
be Leading tax administrations focused on effective delivery of the OECD/G20 BEPS outcomes, automatic exchange of information and tax certainty and collaborate on taxing users of the sharing economy By www.oecd.org Published On :: Fri, 29 Sep 2017 13:00:00 GMT The Forum on Tax Administration (FTA) is the leading international body concerned with tax administration. The FTA, which brings together Tax Commissioners from 50 advanced and emerging tax administrations (including OECD and G20 countries), held its Plenary meeting in Oslo on 27-29 September. Full Article
be Public comments received on BEPS discussion drafts on attribution of profits to permanent establishments and transactional profit splits By www.oecd.org Published On :: Fri, 06 Oct 2017 14:49:00 GMT The OECD is publishing the comments received on a discussion draft on the Attribution of Profits to Permanent Establishments (BEPS Action 7) and on a second discussion draft on the Revised Guidance on Profit Splits (BEPS Actions 8-10). Full Article
be BEPS Action 13: OECD releases CbC reporting implementation status and exchange relationships between tax administrations By www.oecd.org Published On :: Wed, 11 Oct 2017 15:00:00 GMT Today, a further step was taken to implement Country-by-Country Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA"). Full Article
be Governments rapidly dismantling harmful tax incentives worldwide: BEPS Project driving major changes to international tax rules By www.oecd.org Published On :: Mon, 16 Oct 2017 11:00:00 GMT Governments have dismantled, or are in the process of amending, nearly 100 preferential tax regimes as part of the OECD/G20 BEPS standards to improve the international tax framework, according to a progress report released today. Full Article
be OECD and tax administrations discuss BEPS implementation at regional meeting in the Slovak Republic By www.oecd.org Published On :: Fri, 20 Oct 2017 15:27:00 GMT 80 delegates from 20 countries and 11 organisations gathered in Bratislava for the third regional meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) in the Eastern Europe and Central Asia region. This meeting belongs to a new series of regional events that offer participants from different regions in the world the opportunity to provide their views and input into the Inclusive Framework on BEPS. Full Article
be BEPS public consultation on the tax challenges of digitalisation By www.oecd.org Published On :: Wed, 01 Nov 2017 09:00:00 GMT The OECD will hold a public consultation event on the tax challenges of digitalisation on 1 November at the University of California, Berkeley, United States. Full Article
be Public consultation on transfer pricing matters - 6-7 November 2017 By www.oecd.org Published On :: Mon, 06 Nov 2017 10:57:00 GMT The OECD will hold a public consultation event on transfer pricing matters on 6-7 November at the OECD Conference Centre in Paris, France. Full Article
be Revenue Statistics 2017 to launch Thursday 23 November 2017 By www.oecd.org Published On :: Mon, 20 Nov 2017 14:30:00 GMT Tax burdens and revenue collection across the OECD countries are reaching levels not seen since before the global financial crisis. Nevertheless, the tax mix varies enormously across the advanced economies. Full Article
be OECD launches BEPS support programme to assist Kazakhstan in the implementation of the new international tax standards By www.oecd.org Published On :: Wed, 29 Nov 2017 15:00:00 GMT On 28 November 2017, an OECD delegation met Bakhyt Sultanov, the Kazakhstan Minister of Finance, in Astana to launch an initiative to assist Kazakhstan in the implementation of the measures to tackle Base Erosion and Profit Shifting (BEPS). Full Article
be OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting (BEPS Action 13) By www.oecd.org Published On :: Thu, 30 Nov 2017 12:00:00 GMT The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13). Full Article
be OECD releases first peer reviews of the BEPS Action 5 minimum standard on spontaneous exchange on tax rulings By www.oecd.org Published On :: Mon, 04 Dec 2017 11:00:00 GMT As part of continuing efforts to improve tax transparency and the international tax framework, the OECD has released the first analysis of individual countries' progress in spontaneously exchanging information on tax rulings in accordance with Action 5 of the BEPS package of measures released in October 2015. Full Article
be OECD releases second round of peer reviews on implementation of BEPS minimum standards on improving tax dispute resolution mechanisms By www.oecd.org Published On :: Fri, 15 Dec 2017 16:00:00 GMT As part of continuing efforts to improve the international tax framework and tax certainty, the OECD has released the second round of analyses of individual country efforts to improve dispute resolution mechanisms. These seven peer review reports represent the second round of stage 1 evaluations of how countries are implementing new minimum standards agreed in the OECD/G20 BEPS Project. Full Article
be Qatar signs tax co-operation agreement to enable automatic sharing of country-by-country information (BEPS Action 13) By www.oecd.org Published On :: Tue, 19 Dec 2017 15:00:00 GMT As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Qatar has signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting (CbC MCAA), bringing the total number of signatories to 68. Full Article
be Further progress made in implementation of BEPS measures against tax treaty abuse By www.oecd.org Published On :: Thu, 21 Dec 2017 10:00:00 GMT Today, Jersey deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("multilateral convention") with the OECD. Subsequently, on 20 December, Curaçao joined the multilateral convention. Full Article
be BEPS Action 13: Jurisdictions implement final regulations for first filings of CbC Reports, with over 1400 bilateral relationships now in place for the automatic exchange of CbC information By www.oecd.org Published On :: Thu, 21 Dec 2017 14:17:00 GMT Today, a further important step was taken to implement Country-by-Country (CbC) Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA"). Full Article
be Eight FTA members kick off multilateral tax risk assurance programme to provide early certainty for tax administrations and MNEs By www.oecd.org Published On :: Tue, 23 Jan 2018 23:00:00 GMT A pilot of a new FTA programme for the multilateral risk assessment of large MNE groups was launched at an event today in Washington DC, hosted by the Internal Revenue Service. Full Article
be OECD announces further developments in BEPS implementation By www.oecd.org Published On :: Thu, 08 Feb 2018 11:00:00 GMT The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13). The Inclusive Framework also approved updates to the results for preferential regime reviews conducted by the Forum on Harmful Tax Practices (FHTP) in connection with BEPS Action 5. Full Article
be Governments should make better use of energy taxation to address climate change By www.oecd.org Published On :: Wed, 14 Feb 2018 11:00:00 GMT Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them. Greater reliance on energy taxation is needed to strengthen efforts to tackle the principal source of both greenhouse gas emissions and air pollution, according to a new OECD report. Full Article
be OECD releases third round of peer reviews on implementation of BEPS minimum standards on improving tax dispute resolution mechanisms and calls for taxpayer input for the fifth round By www.oecd.org Published On :: Mon, 12 Mar 2018 11:00:00 GMT As the BEPS Action 14 continues its efforts to make dispute resolution more timely, effective and efficient, eight more peer review reports have been released today. These eight reports highlight how well jurisdictions are implementing the Action 14 minimum standard as agreed to in the OECD/G20 BEPS Project. Full Article
be OECD releases additional guidance on the attribution of profits to a permanent establishment under BEPS Action 7 By www.oecd.org Published On :: Thu, 22 Mar 2018 11:00:00 GMT The additional guidance resulting sets out high-level general principles, which countries agree are relevant and applicable in attributing profits to PEs in accordance with applicable treaty provisions. It also provides examples on the attribution of profits to certain types of PEs arising from the changes to the PE definition under BEPS Action 7. Full Article
be Milestone in BEPS implementation: Multilateral BEPS Convention will enter into force on 1 July following Slovenia’s ratification By www.oecd.org Published On :: Thu, 22 Mar 2018 18:00:00 GMT The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the “Convention”) will enter into force on 1 July 2018, marking a significant step in international efforts to update the existing network of bilateral tax treaties and reduce opportunities for tax avoidance by multinational enterprises. Full Article
be Latin America and the Caribbean: Tax revenues expected to recover after dip in 2016 By www.oecd.org Published On :: Tue, 27 Mar 2018 17:30:00 GMT Tax revenues in Latin America and the Caribbean (LAC) dipped in 2016, falling further behind average OECD country levels, but a recovery is likely in subsequent years, according to Revenue Statistics in Latin America and the Caribbean 2018. The average tax-to-GDP ratio stood at 22.7% in 2016, a fall of 0.3 percentage points since 2015, the report says. Full Article
be Global Forum issues tax transparency compliance ratings for nine jurisdictions as membership rises to 150 By www.oecd.org Published On :: Wed, 04 Apr 2018 10:37:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today nine peer review reports assessing compliance with international standards on tax transparency. Full Article
be Better design of taxes on personal savings and wealth is needed to support inclusive growth By www.oecd.org Published On :: Thu, 12 Apr 2018 11:00:00 GMT The taxation of personal savings and wealth varies widely, offering governments significant scope for tax reforms that simultaneously improve both the efficiency and fairness of their tax systems, according to two new OECD reports. Full Article