Germany: MoF publishes new administrative principles on TP
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 MoreOECD: Corporate Tax Statistics Database Updated
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 MoreOECD: Stage Two Peer Review Report on Lithuania’s compliance with BEPS action 14
On 26 July 2021 the OECD issued a stage two peer review report on Lithuania in relation to action 14 of the action plan on base erosion and profit shifting (BEPS). Action 14 of BEPS is concerned with making dispute resolution mechanisms more
See MoreOECD: Stage Two Peer Review Report on Latvia’s compliance with BEPS action 14
On 26 July 2021 the OECD published the stage 2 peer review report on Latvia in relation to making dispute resolution mechanisms more effective under action 14 of the action plan on base erosion and profit shifting (BEPS). The minimum
See MoreOECD: Stage Two Peer Review Report on Argentina’s compliance with BEPS action 14
On 26 July 2021 the OECD published the stage 2 peer review report on Argentina in relation to making dispute resolution mechanisms more effective under action 14 of the action plan on base erosion and profit shifting (BEPS). The minimum
See MoreOECD: Stage Two Peer Review Report on South Africa’s compliance with BEPS action 14
On 26 July 2021 the OECD published the stage 2 peer review report on South Africa in relation to making dispute resolution mechanisms more effective under action 14 of the action plan on base erosion and profit shifting (BEPS). The minimum
See MoreATAF statement on OECD plans on tax challenges of the digital economy
On 1 July 2021 the African Tax Administration Forum (ATAF) issued a statement on the OECD/G20 two-pillar solution to address the tax challenges arising from the digitalization of the economy and its implications for Africa. ATAF has actively
See MoreOECD: Tax Report to G20 Finance Ministers and Central Bank Governors
The OECD Secretary-General has prepared a tax report for the July 2021 meeting of the G20 Finance Ministers and Central Bank Governors. Tax challenges of the digital economy On 1 July 2021 the OECD issued a Statement on the tax challenges of
See MoreOECD: Statement on the tax challenges of the digital economy
On 1 July 2021 the OECD released a Statement in relation to the work on the tax challenges of the digital economy. The OECD reported that 130 countries and jurisdictions are taking part in the two-pillar reform to the international tax system
See MoreOECD: Global Forum publishes peer review reports on transparency and exchange of information
On 24 June 2021 the Global Forum published peer review reports on transparency and exchange of information for five more countries. The peer review reports examine the legal and regulatory framework in each country and its compliance with the
See MoreOECD: Comments on proposed changes to the commentary on Article 9 of the OECD Model
On 3 June 2021 the OECD published comments received from interested parties in response to a public discussion draft on proposed changes to the commentary to Article 9 (associated enterprises) of the OECD Model Tax Convention. The comments will be
See MoreOECD welcomes Costa Rica as its 38th Member
On 15 May 2021, Costa Rica has formally become an OECD Member, the 38th country to do so in the Organisation’s 60-year history. Costa Rica’s accession, extending the OECD’s membership to 38 countries, will take effect after the country
See MoreOECD: G20 Finance Ministers agree in principle to Pillars 1 and 2 on taxation of the digital economy
At the meeting of the G20 Finance Ministers on 4 June 2021 agreement was reached in principle on the two-pillar approach to the tax challenges of the digital economy. Some important details of the approach still need to be worked out, and more
See MoreEU: Annual Report on Taxation 2021
On 18 May 2021 the European Union (EU) published the Annual Report on Taxation 2021 assessing progress made by EU Member States in aligning their tax policies with the EU’s tax priorities to promote innovation and productivity, encourage
See MoreOECD case study on combating international tax avoidance in Senegal
On 21 May 2021 the OECD published a Tax and Development Case Study entitled “Fighting International Tax Avoidance and Evasion to Finance the Emergence of Senegal”. Senegal aims to be an emerging economy by 2035, and a ten-year development
See MoreOECD: Conference of the Parties to the MLI approves an opinion on interpretation and implementation
On 3 May 2021 an opinion of interpretation and implementation was reached by a conference of the parties to the multilateral instrument (MLI) for inclusion in bilateral tax treaties of the tax treaty related provisions arising from the action plan
See MoreUN amends commentary to model tax treaty on taxation of software payments
At the 22nd session of the UN Committee of Experts on International Cooperation in Tax Matters, held virtually between 19 and 28 April 2021, a decision was made to revise the commentary to Article 12 (royalties) of the UN Model Tax Treaty in
See MoreUN: Third edition of the Practical Manual on Transfer Pricing for Developing Countries
Following approval at the twenty-second session of the UN Committee of Experts on International Cooperation in Tax Matters, held from 19 to 28 April 2021, the UN has published the third edition of its Practical Manual on Transfer Pricing for
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