OECD releases Mutual agreement procedure (MAP), advance pricing agreement (APA) statistics for 2023
The Organisation for Economic Co-operation and Development (OECD) published the 2023 Mutual Agreement Procedure (MAP) Statistics and Advance Pricing Agreement (APA) Statistics on 15 November 2024. The OECD also presented MAP and APA awards to tax
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OECD publishes tax administration report 2024
The Organisation for Economic Co-operation and Development (OECD) has released the report Tax Administration 2024, which provides comparative insights into the tax systems and administrations of 58 OECD member countries and other advanced and
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UN: Resolution on Negotiating Committee for Framework Convention for International Tax Cooperation
On 14 October 2024 a Resolution was drafted by Nigeria on behalf of the Africa group at the UN, to adopt the terms of reference for the UN Framework Convention on International Tax Cooperation. The draft Resolution referred to the work of the Ad Hoc
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OECD presents Secretary-General Tax Report to G20 finance ministers, central bank governors
The Organisation for Economic Co-operation and Development (OECD) has released the OECD Secretary-General Tax Report (G20 Brazil, October 2024), which was presented to the G20 Finance Ministers and Central Bank Governors at their meeting in
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OECD launches second BEPS Action 5 review, releases initial BEPS Action 14 peer reviews
The Organisation for Economic Cooperation and Development (OECD) announced a second series of peer reviews for BEPS Action 5 and released the initial two batches of BEPS Action 14 peer reviews. These are part of the streamlined mutual agreement
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Algeria joins mutual assistance convention to combat tax evasion
Amel Abdellatif, Tax Commissioner of Algeria signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention), as amended by the 2010 protocol, on 10 October 2024. The Convention must first be ratified
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OECD publishes annual review of BEPS Action 13 on CbC reporting
The Organisation for Economic Cooperation and Development (OECD) released the seventh annual peer review report for Country-by-Country reporting in line with the BEPS Action 13 minimum standard on Monday, 16 September 2024. This report reflects
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OECD publishes stage 1 peer review on dispute resolution for 20 countries
The Organisation for Economic Cooperation and Development (OECD) released the latest BEPS Action 14 Mutual Agreement Procedure peer review results on 16 September 2024. This includes Stage 1 peer review reports on dispute resolution through the
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OECD publishes reference guide on tax authority organisation
The OECD announced the publication of a reference guide to enhance national tax system administration yesterday, 29 August 2024. This reference guide presents the critical features to be considered in designing the organisational arrangements for
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OECD reports advances on harmful tax practices in Armenia, Bulgaria, Croatia, Eswatini, and Hong Kong
The OECD released an announcement on 27 August 2024 highlighting that jurisdictions have made further progress in addressing harmful tax practices through the implementation of the international standard under BEPS Action 5. This is evidenced by
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OECD seeks feedback on the GloBE Information Return XML Schema guide
The OECD has initiated a public consultation on the Draft User Guide for the GloBE Information Return XML Schema. The Global Anti-Base Erosion (GloBE) Model Rules require the annual filing of a GloBE Information Return (GIR) that provides
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Thailand opens accession discussions with OECD
The OECD announced that it started accession discussions with Thailand on 18 June, 2024, making it the second country from Southeast Asia to become an OECD accession candidate this year. The decision builds on many years of increasing cooperation
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OECD: Asian tax transparency adds over EUR 21 bln in revenue
The Global Forum published its 2024 Tax Transparency in Asia report on Monday, 24 June 2024, which analyses the impact of the "Asia Initiative" on regional tax collection. According to this report, at least EUR 21.8 billion in additional revenue
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OECD: Asia-pacific tax revenues rebound to pre-pandemic levels in 2024
The OECD announced that it published the Revenue Statistics in Asia and the Pacific 2024 on 25 July 2024. The report states that tax revenues in Asia and the Pacific returned to their levels prior to the COVID-19 pandemic in 2022 amid a rebound in
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Germany: Bundestag approves legislation to prevent BEPS
The German Bundestag approved an act concerning the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 16 May, 2024, in order to facilitate Germany's compliance with the MLI by
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OECD releases updated BEPS MLI matching database
Recently, the OECD has released the updated version of BEPS MLI Matching Database including significant improvements that will enhance user experience and provide additional features to support the implementation and application of the BEPS MLI. One
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US issues revised report on international tax proposals addressing profit shifting pillars 1 and 2
On 31 January 2024, the U.S. Congressional Research Services (CRS) published the revised "In Focus" report on International Tax Proposals Addressing Profit Shifting: Pillars 1 and 2. On June 5, 2021, finance ministers of the Group of 7 (G7)
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OECD: Update of Estimated Revenue Gains from Pillar Two
On 9 January 2024 the OECD held a webinar to introduce the updated assessment of the projected economic impact of the global minimum tax under Pillar Two of the two pillar solution to international tax. The OECD has used improved methodology and
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