IMF: Report comments on the economic and fiscal situation of Tanzania
On 12 December 2017 the International Monetary Fund (IMF) issued a report following discussions with Tanzania under Article IV of its articles of agreement. A Policy Support Instrument (PSI) program was approved in 2014 and the IMF report notes
See MoreIMF: Report comments on economic and fiscal situation in Mozambique
On 14 December 2017 the International Monetary Fund (IMF) published a report following consultations with Mozambique under Article IV of the IMF’s articles of agreement. The report notes that fiscal consolidation is essential for the recovery of
See MoreIMF: Report comments on the economic and fiscal situation in Bulgaria
On 14 December the International Monetary Fund (IMF) published on its website a report on the economic and fiscal situation in Bulgaria following consultations under Article IV of the IMF’s articles of agreement. The report notes that a strong
See MoreWTO: Decisions issued by Ministerial Conference
The eleventh Ministerial Conference (MC11) of the World Trade Organization (WTO) closed on 13 December 2017 and decisions were issued on some issues. Fisheries Subsidies The WTO members agreed to pursue negotiations with the objective of reaching
See MoreOECD: Peer reviews of exchange of information on tax rulings
On 4 December 2017 the OECD released the first analysis of progress by individual countries on the spontaneous exchange of information on tax rulings. This was one of the recommendations of the final report on action 5 of the project on base erosion
See MoreWTO: World Business Priorities for the WTO Agenda
A statement issued by the International Chamber of Commerce (ICC) on 12 December 2017 at the close of the Business Forum held alongside the World Trade Organization (WTO) Ministerial Conference set out business priorities for the WTO agenda. The
See MoreWTO: Director General comments on WTO dialogue with business
On 12 December 2017 the Director General of the World Trade Organization (WTO) opened the WTO Business Forum by emphasizing the significance of cooperation between the WTO and business. The WTO is an organization where governments meet to discuss
See MoreOECD: Consultation document on mandatory disclosure rules
On 11 December 2017 the OECD released a consultation document asking for input from stakeholders on the design of model mandatory disclosure rules. These rules would set out disclosure obligations for promoters and service providers who involved in
See MoreWTO: Director General presents annual report on trade developments
On 4 December 2017 the Director General of the World Trade Organization (WTO) presented to members the annual overview report on trade-related developments. Member countries of the WTO introduced fewer trade-restrictive measures in the year to
See MoreOECD: Further Guidance on CbC Reporting
On 30 November 2017 the Inclusive Framework released further guidance for tax administrations and multinationals in relation to the implementation of Country-by-Country (CbC) Reporting under Action 13 of the action plan on base erosion and profit
See MoreWTO: Fewer trade restrictive measures introduced by G20 countries
The eighteenth monitoring report by the World Trade Organisation (WTO) on G20 trade measures was issued on 9 November 2017. The report covers the period from mid-May to mid-October 2017 and reveals that compared to the previous review period G20
See MoreOECD: Tax Inspectors Without Borders discuss improving tax audit capacities
On 3 November 2017 a discussion was held at the OECD on sharing experiences and improving best practices for tax audit. The results of the discussion are to be implemented in the programs of Tax Inspectors Without Borders (TIWB). TIWB was launched
See MoreOECD: Comments published on tax challenges of digitalisation
On 27 October 2017 the OECD published comments received on the tax challenges of digitalization. A request for input had been published on 22 September 2017 inviting responses from interested parties with a deadline of 13 October 2017. Despite this
See MoreOECD: Implementation guidance for VAT on cross-border sales
On 24 October 2017 the OECD issued new implementation guidance on collecting consumption taxes on cross-border sales. The document is entitled “Mechanisms for the Effective Collection of VAT/GST Where the Supplier is Not Located in the
See MoreOECD: Report on peer reviews of preferential tax regimes
A report released by the OECD on 16 October 2017 noted that countries are dismantling or amending almost 100 preferential tax regimes as part of the implementation of standards under the project on base erosion and profit shifting (BEPS). The report
See MoreOECD: Revenue Statistics in Africa 2017
According to new data from Revenue Statistics in Africa 2017 released on 12 October 2017 the mobilisation of domestic resources is improving steadily in African countries. This annual report is produced jointly by the African Tax Administration
See MoreOECD: Forum on Tax Administration meets to discuss tax priorities
The Forum on Tax Administration (FTA) discussed tax issues at its plenary meeting on 27 to 29 September 2017. The FTA includes the Tax Commissioners of fifty tax administrations covering industrialized and emerging economies including the OECD and
See MoreOECD: Peer review reports on dispute resolution mechanisms
On 26 September 2017 the OECD released six peer review reports evaluating efforts to improve dispute resolution mechanisms. The reports relate to implementation of measures by Belgium, Canada, Netherlands, Switzerland, the UK and the US. A document
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