OECD: Toolkit on Implementing the Standard on Exchange of Financial Account Information

24 November, 2021

In November 2021 the Global Forum on Transparency and Exchange of Information for Tax Purposes issued the Toolkit for the Implementation of the Standard for Automatic Exchange of Financial Account Information. The toolkit aims to assist developing

See More

EU: European Parliament passes provisions for public CbC reporting

23 November, 2021

On 11 November the European Union's Parliament voted to pass amendments to the EU Accounting Directive (2013/34/EU) on financial reporting of certain types of undertakings. The amendments would introduce public country-by-country reporting

See More

UN: Tax Committee Discusses Transfer Pricing Issues

24 October, 2021

In its virtual meetings from 19 to 27 October 2021 the UN Tax Committee is considering aspects of transfer pricing. Among topics that could be pursued further are practical risk assessment tools, transfer pricing aspects of marketing or trading

See More

UN: Committee of Tax Experts Discuss Model Treaty Provisions

22 October, 2021

The virtual meetings of the UN Committee of Experts on Tax Matters taking place from 19 to 28 October 2021 are considering issues arising from the UN Model Tax Convention that should be the subject of future discussion within the UN

See More

UN: Meetings of the Committee of Tax Experts

19 October, 2021

The UN Committee of Experts on International Cooperation in Tax Matters is holding its 23rd session as a series of virtual meetings between 19 and 28 October 2021. The issues to be covered include the following: Tax and the Sustainable

See More

OECD: Tax Policy and Climate Change

17 October, 2021

A report on Tax Policy and Climate Change, produced by the IMF and the OECD, was included as an attachment to the OECD report for the meeting of G20 Finance Ministers on 13 October 2021. Carbon taxes and emissions trading systems result in

See More

OECD: Report on Developing Countries and the Inclusive Framework

16 October, 2021

For the meeting of G20 Finance Ministers on 13 October 2021 the OECD prepared a separate report entitled Developing Countries and the OECD/G20 Inclusive Framework on BEPS and included this as an attachment to the main report to the meeting. The

See More

OECD: Report to G20 Finance Ministers Meeting

15 October, 2021

The OECD has published its report prepared for the meeting of G20 Finance Ministers on 13 October 2021. Two Pillar Solution on Tax Challenges of the Digital Economy The report notes that the two-pillar approach to digital economy taxation

See More

Austria releases the new transfer pricing guideline for 2021

11 October, 2021

On 7 October 2021, the Austrian Ministry of Finance published the updated Austrian Transfer Pricing Guidelines (Austrian Guidelines) 2021. The Austrian Guidelines 2021 are an essential interpretative aid for the application of the arm’s-length

See More

OECD: Inclusive Framework Signs Agreement on Two Pillar Solution

08 October, 2021

On 8 October 2021 a total of 136 member countries of the OECD/G20 Inclusive Framework on BEPS joined the Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy. The Statement finalised

See More

IMF: Tax and Digitalisation in Asia

19 September, 2021

On 14 September 2021 the IMF held a digital seminar on Tax and Digitalisation in Asia, coinciding with the launch of an IMF paper on the same subject (Departmental Paper No 2021/017). Currently the most highly digitalised companies often escape

See More

OECD: Podcast on the Global Digital Tax Agreement

10 September, 2021

On 9 September 2021 the OECD made available a podcast on the global digital tax agreement. The international tax system has become outdated during the past 30 to 40 years owing to the effects of globalisation. Multinational enterprises are more

See More

OECD: Update on reviews of preferential tax regimes

21 August, 2021

On 05 August 2021 the OECD’s Inclusive Framework issued an update on progress made in combatting harmful tax practices. The updated included the results of reviews of preferential tax regimes that have now been approved by the Inclusive

See More

Singapore releases updated Transfer Pricing Guidelines

20 August, 2021

On 10 August 2021, the Inland Revenue Authority of Singapore published the sixth edition of its E-Tax Guide on Transfer Pricing. The most important changes are summarized as follows: Additional guidance on cost contribution arrangements (CCAs)

See More

OECD: Updates to Transfer Pricing Country Profiles

06 August, 2021

On 3 August 2021 the OECD issued an updated version of some of its transfer pricing country profiles, These include new country profiles for Angola, Romania and Tunisia, and updated profiles for seventeen other countries. The updated profiles have

See More

OECD: Stage two peer review report on Chile’s compliance with BEPS action 14

04 August, 2021

On 26 July 2021 the OECD published the stage two peer review report on Chile’s compliance with the minimum standard under action 14 of the action plan on base erosion and profit shifting (BEPS). BEPS Action 14 is concerned with making dispute

See More

Germany: MoF publishes new administrative principles on TP

02 August, 2021

On 14 July 2021, the Ministry of Finance (MoF) has issued new administrative principles on transfer pricing. The administrative principles include extensive references to the OECD Transfer Pricing Guidelines and provide further details clarifying

See More

OECD: Corporate Tax Statistics Database Updated

31 July, 2021

On 29 July 2021 the OECD released the third edition of the Corporate Tax Statistics database. This database aims to broaden the range of data issued on corporate tax to assist in the study of base erosion and profit shifting (BEPS). The updated

See More