Bulgaria: Draft bill on cross-border arrangements submits for public comment
Recently, the Bulgarian Ministry of Finance issued a draft bill and submitted it for public comment. The draft law transposing the provisions of Council Directive (EU) 2018/822 of 25 May 2018 (DAC6) on reportable cross-border tax planning
See MoreOECD: Tax Report to G20 Finance Ministers
The tax report by the OECD Secretary General to G20 Finance Ministers and Central Bank Governors was published on 9 October 2019. Digital Economy The digitalisation of the economy has led to problems in application of the existing tax rules
See MoreDenmark deposits ratification instrument for MLI
On 30 September 2019, Denmark deposited its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures (MLI) to Prevent Base Erosion and Profit Shifting. The MLI is designed to allow countries to swiftly add to
See MoreUkraine submits draft law on amendments to the Tax Code to Parliament
On 30 August 2019, the Ukraine has submitted draft law no. 1210 to the Parliament amending the Tax Code on improving tax administration, removing technical and logical mismatches in the tax legislation. The three main areas of the draft law
See MoreOECD: Stage 2 peer reviews of CbC reporting
On 3 September 2019 the OECD has now issued the report on the stage two peer reviews looking at the implementation of CbC reporting requirements. A total of 116 jurisdictions are covered by the report. Action 13 of the OECD action plan on base
See MoreOECD: Namibia joins the Inclusive Framework on BEPS
On 9 August 2019, Namibia has joined the OECD base erosion and profit shifting (BEPS) inclusive framework. Accordingly, all OECD state and non-state jurisdictions that commit to the BEPS project will participate as BEPS associates of the OECD's
See MoreNorway deposits ratification instrument for MLI
On 17 July 2019, Norway deposited its instrument of ratification for the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (MLI). The MLI will enter into force on 1 November 2019 for
See MoreOECD: Input requested for dispute resolution peer reviews
On 15 July 2019 the OECD invited interested parties to submit input in relation to issues around access to the mutual agreement procedure; availability of clear MAP guidance; and timely implementation of the outcomes of the MAP, in a number of
See MoreLuxembourg: MLI enters into force
On 1 August 2019, the multilateral convention to implement tax treaty related measures to prevent Base Erosion and Profit Shifting (Multilateral Instrument or MLI) entered into force in respect of Luxembourg. MLI provisions that affect withholding
See MoreOECD: Bosnia and Herzegovina joins the inclusive framework on BEPS
On 10 July 2019 the OECD announced that Bosnia and Herzegovina has joined the Inclusive Framework on base erosion and profit shifting (BEPS). This means that a total of 131 countries and jurisdictions are taking part in the Inclusive Framework.
See MoreArgentina: Tax ruling on BEPS Action 5 minimum standard
On 30 May 2019, the Argentine tax authority published General Resolution No. 4497 (GR 4497/2019) in the official gazette amending the binding ruling (as established by Article 4 of Law No. 11,683) regulations, which adapts the Argentine tax
See MoreG20 Finance Ministers issue final communique
The communique issued following the meeting of G20 Finance Ministers and Central Bank governors on 8 and 9 June 2019 covered a number of financial issues of international concern including international tax developments. The Finance Ministers noted
See MoreOECD: Report to the G20 Finance Ministers on International Tax
On 10 June 2019 the OECD published its report on international tax to the G20 Finance Ministers and Central Bank Governors. The report set out progress made on international tax issues. Taxation of the Digital Economy In January 2019 the
See MoreOECD: Forum on Tax Administration meeting discusses work plans
From 26 to 28 March 2019 the twelfth plenary meeting of the OECD Forum on Tax Administration (FTA) took place with delegates including senior tax officials, business representatives and international organisations. The main themes discussed were
See MoreIMF: Corporate taxation in the global economy
On 10 March 2019 the IMF reported that the Executive Board have been discussing a policy paper on Corporate Taxation in The Global Economy , looking at the way forward in the international tax system. Problems arise from the allocation of risk
See MoreOECD: Morocco joins the inclusive framework on BEPS
On 9 March 2019 the OECD announced that Morocco has joined the Inclusive Framework on base erosion and profit shifting (BEPS). This means that a total of 129 countries and jurisdictions are taking part in the Inclusive Framework. The countries
See MoreOECD: Consultation on Addressing Tax Challenges of the Digital Economy
On 13 and 14 March 2019 the OECD is to hold a public consultation on the tax challenges of the digitalisation of the economy. This is related to the work on action 1 of the G20/ OECD action plan on base erosion and profit shifting. The consultation
See MoreOECD: Taxpayer input required for eighth batch of dispute resolution peer reviews
The OECD announced on19 February 2019 that it is currently collecting taxpayer input in preparation for the eight batch of stage 1 peer reviews in relation to improving the tax treaty dispute resolution process under Action 14 of the project on base
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