India: Cabinet approves signing of MLI to implement tax treaty related BEPS measures
The Union cabinet on 17 May 2017, approved the signing by India of the Multilateral Instrument (MLI) to implement into bilateral tax treaties the tax treaty-related measures arising from the OECD / G20 BEPS Project to tackle base erosion and profit
See MoreBulgaria: Government approves signing of MLI to implement tax treaty related BEPS measures
The Government on 17 May 2017, approved the signing by Bulgaria of the Multilateral Instrument (MLI) to implement into bilateral tax treaties the tax treaty-related measures arising from the OECD / G20 BEPS Project to tackle base erosion and
See MoreCzech Republic: Government approves signing of MLI to implement tax treaty related BEPS measures
The Czech Government recently approved the signing of the Multilateral Convention to implement into bilateral tax treaties the tax treaty-related measures arising from the OECD / G20 BEPS Project to tackle Base Erosion and Profit Shifting (BEPS). A
See MoreIsrael: BEPS updates
The Ministry of Finance on 1st of May 2017, signed tax regulations for implementing the OECD’s nexus approach. This approach is mainly a BEPS requirement in case of intellectual property (IP) preferential tax regimes. The proposed regulations are
See MoreGermany: Draft amendments to transfer pricing documentation ordinance
The Ministry of Finance on 23 February 2017 published draft amendments to the transfer pricing documentation ordinance. These show the changes introduced by the bill on the implementation of amendments to the EU Mutual Assistance Directive and other
See MoreOECD: Inclusive framework issues further guidance on CbC reporting
On 6 April 2017 the Inclusive Framework on BEPS released additional guidance on the implementation of country by country (CbC) reporting under BEPS Action 13. The guidance clarifies some issues surrounding the information to be included in the CbC
See MoreRomania-Parliament approves participation as BEPS associate
The government of Romania approved the country’s participation as a BEPS associate on 2 March 2017. As an associate Romania will work with OECD and G20 members to develop standards and monitor the implementation of the BEPS package. Romania has
See MoreOECD: Extended deadline for comments on draft toolkit on comparables
The deadline has been extended for comments to be submitted on the draft toolkit issued by the Platform for Collaboration on Tax dealing with the ways developing countries can overcome the problem of a lack of comparable data for transfer pricing
See MoreSweden approves the new legislation on transfer pricing documentation and CbC reporting
Sweden's parliament on 1 March 2017, adopted the government’s proposal on transfer pricing documentation and country-by-country reporting. The adoption amounts to the ratification of OECD’s guidelines for transfer pricing documentation and
See MoreBelgian Council of Ministers approves Multilateral Competent Authority Agreement
On 24 February 2017, the Belgian Council of Ministers approved the Multilateral Competent Authority Agreement on the automatic exchange of Country-by-Country (CbC) reports that was signed by Belgium on 27 January 2016. The agreement will be subject
See MoreSingapore: Competent authority agreement on automatic exchange of information with Latvia enters into force
The Competent Authority Agreements (CAA) agreements to exchange financial information for tax purposes under the Common Reporting Standard between Singapore and Latvia entered into force on 27 February 2017. According to the agreement, the Inland
See MoreMinister of Finance: Ireland is going to sign up to MLI
On 16 February 2017, Mr. Michael James Noonan, the Irish Minister of Finance gave a speech in which he illustrated some of the main issues of action to be followed by Ireland in the field of international taxation. He stressed Ireland's commitment
See MoreOECD requests input for peer reviews of tax treaty dispute resolution process
On 30 January 2017 the OECD announced that it is gathering input in relation to the Stage 1 Peer Reviews of the tax treaty dispute resolution process. The process of peer reviews for monitoring the Mutual Agreement Procedure (MAP) under Action 14 of
See MoreMalaysia joins BEPS global implementation frameworks
According to a statement of the Ministry of Finance released on 27 January 2017, Malaysia joined the inclusive framework for the global implementation of the Base Erosion and Profit Shifting (BEPS) Project. The inclusive framework was proposed by
See MoreLithuania, Russia signed the Multilateral Competent Authority Agreement for CbC reporting
According to a press release of 27 January 2017, published by the OECD, Lithuania, Mauritius, Gabon, Hungary, Indonesia, Malta, and the Russian Federation have now signed a tax co-operation agreement, the Multilateral Competent Authority Agreement
See MoreOECD: Platform for Collaboration on Tax releases draft toolkit on comparables
On 24 January 2017 the Platform for Collaboration on Tax released a draft toolkit on comparables. The toolkit is designed to assist developing countries to manage situations where there is a lack of comparable transactions for use in transfer
See MoreOECD invites comments on interaction between treaty-related BEPS provisions and treaty entitlement of non-CIV funds
A collective investment vehicle (CIV) is an arrangement that permits investors to pool their money and to purchase investments from that pooled fund rather than buying the investments directly as individuals. The report on Action 6 of the project on
See MoreOECD: Updated report provides further guidance on BEPS action 4
On 22 December 2016 the OECD released more guidance on action 4 of the action plan on base erosion and profit shifting (BEPS). The latest guidance is an updated version of the report providing more detail on the measures outlined in the BEPS report
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