Luxembourg: MLI enters into force

05 August, 2019

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

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OECD: Bosnia and Herzegovina joins the inclusive framework on BEPS

01 August, 2019

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.

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Saudi Arabia: GAZT holds seminar to simplify the transfer pricing regulations

24 June, 2019

On 17 June 2019, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has organized a transfer pricing seminar in Riyadh to simplify the key areas of the transfer pricing (TP) regulations published on 15 February 2019 and to address

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Argentina: Tax ruling on BEPS Action 5 minimum standard

18 June, 2019

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

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G20 Finance Ministers issue final communique

10 June, 2019

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

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OECD: Report to the G20 Finance Ministers on International Tax

10 June, 2019

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

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Singapore: IRS Publishes TP guidelines for commodity marketing and trading activities

05 June, 2019

On 24 May 2019, the Inland Revenue Service of Singapore (IRS) has published a new transfer pricing (TP) E-Tax guide aimed at helping taxpayers compute the economic value of commodity marketing and trading activities conducted by related parties.

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OECD: Forum on Tax Administration meeting discusses work plans

28 March, 2019

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

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IMF: Corporate taxation in the global economy

25 March, 2019

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

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OECD: Morocco joins the inclusive framework on BEPS

12 March, 2019

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

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OECD: Consultation on Addressing Tax Challenges of the Digital Economy

10 March, 2019

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

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OECD: Taxpayer input required for eighth batch of dispute resolution peer reviews

20 February, 2019

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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OECD: Comment period extended on tax challenges of digitalisation

19 February, 2019

On 19 February 2019 the OECD announced that the consultation period in relation to the public consultation document on possible solutions to the tax challenges of digitalisation has been extended to 6 March 2019. The public consultation meeting on

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UK: Support for Tax Capacity Building

19 February, 2019

On 19 February 2019 the UK’s Department for International Development (DFID) announced new assistance to give support to developing countries in generating greater tax revenue, tackling tax avoidance and creating a level playing field for

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OECD: Consultation document on tax challenges to the digital economy

14 February, 2019

On 13 February 2019 the OECD’s Inclusive Framework published a consultation document on issues relating to the tax challenges of digitalisation of the economy. This follows the publication on 29 January 2019 of a Policy Note and the agreement of

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OECD: Tax Talk Summarises Latest Tax Developments

05 February, 2019

An OECD Tax Talk held on 29 January 2019 summarised the latest tax developments. Tax and Digitalisation A Policy Note agreed by the Inclusive Framework was issued in January 2019. A public consultation document is to be released in February 2019

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OECD announces progress made in addressing harmful tax practices

30 January, 2019

On 29 January 2019 the OECD released a publication entitled “Harmful Tax Practices – 2018 Progress Report on Preferential Regimes”. This contains results to show that jurisdictions are pursuing their commitment to the standard on harmful tax

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OECD: Inclusive Framework issues policy note on digital economy

30 January, 2019

The Inclusive Framework on base erosion and profit shifting (BEPS) has issued a new Policy Note under action 1 of the action plan on base erosion and profit shifting (BEPS) entitled Addressing the Tax Challenges of the Digitalisation of the Economy.

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