OECD: Mutual Agreement Procedure Statistics for 2021
On 22 November 2022 the OECD published the mutual agreement procedure (MAP) statistics for 2021. The report covers 127 jurisdictions and is a part of the work on the minimum standard on BEPS action 14 (improving dispute resolution mechanisms). The
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UNDP Policy Brief Looks At Tobacco Taxes and Sustainable Development Financing
A Policy Brief issued by the United Nations Development Program (UNDP) on 15 November 2022 argues that tobacco taxation should be included as an important part of financing for sustainable development. Based on the findings of the Investment Case
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OECD: Corporate Tax Statistics
On 17 November 2022 the OECD published the latest edition of the annual Corporate Tax Statistics publication, covering over 160 countries and jurisdictions. The latest edition includes new aggregated data on country-by-country (CbC) reports covering
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OECD: Revenue Statistics in Africa
On 14 November 2022 the OECD published Revenue Statistics in Africa 2022. The annual publication is produced by the OECD jointly with the African Tax Administration Forum (ATAF) and the African Union Commission (AUC). Technical assistance is given
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OECD: Comments Received on Administration and Tax Certainty Aspects of Amount A of Pillar One
On 16 November 2022 the OECD published the comments received on the Progress Report on the Administration and Tax Certainty Aspects of Amount A of Pillar One. Comments were received from more than 30 organisations and individuals in business,
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South Africa: Peer Review on Transparency and Exchange of Information
The second-round peer review report on South Africa’s implementation of standards on the exchange of information on request was published by the OECD’s Global Forum on 9 November 2022. The report notes that South Africa is largely compliant with
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OECD: Peer Review Report on the Automatic Exchange of Financial Account Information
On 9 November 2022 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published a peer review report on the automatic exchange of financial account information. The Global Forum monitors and reviews the
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Israel: Peer Review on Transparency and Exchange of Information
The second stage, phase one peer review report on Israel’s implementation of standards on the exchange of information on request was published by the OECD on 9 November 2022. The first review noted that although a regulatory framework was in
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OECD: Pricing Greenhouse Gas Emissions
On 3 November 2022 the OECD released Pricing Greenhouse Gas Emissions: Turning Climate Targets into Climate Action looking at the development of explicit carbon prices, energy taxes, and subsidies that lower pre-tax energy prices, in the years 2018
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UN: Taxation of the Extractive Industries
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the committee heard a report on the work of the extractives subcommittee. Energy transition The extractives subcommittee is
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Malaysia: IRBM issues guidelines for the tax treatment of dormant labuan entities
On 20 October 2022, the Inland Revenue Board of Malaysia (IRBM) has issued a guideline providing clarification on the tax treatment of Labuan entities with dormant status under the Labuan Business Activity Tax Act 1990. Labuan entity is considered
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Australia: Budget proposal for FY 2022-23
On 25 October 2022, the Australian Treasurer Jim Chalmers delivered the Federal Budget for fiscal year 2022-23. The key tax measures are as follows: Thin capitalization The Budget amended the thin capitalization rules to limit debt deductions
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UN: Tax Committee Discusses Transfer Pricing
The UN Tax Committee at its meetings from 18 to 21 October 2022 discussed the progress made on transfer pricing issues. The transfer pricing Subcommittee has been drafting guidance in the area of primary products and pharmaceuticals; domestic
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OECD: Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors
The OECD Secretary-General’s Tax Report to the G20 Finance Ministers and Central Bank Governors released in October 2022 outlined recent developments in international taxation. Two-pillar approach Ahead of its Plenary meeting on 6-7 October
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OECD: Updates to the Guidance on Country by Country Reporting
In October 2022 the OECD published some updates to the Guidance on the Implementation of Country-by-Country Reporting under Action 13 of the action plan on base erosion and profit shifting (BEPS). Additional sections of guidance were added in
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UN: Increasing Tax Transparency
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the Subcommittee on increasing tax transparency reported on its work program. The Subcommittee was formed to consider ways to
See MoreUN: Guidance on Digitalisation of Tax Administration
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the committee heard a report on progress by the group on digitalisation and other opportunities to improve tax
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UN: Relationship of Tax, Trade and Investment Agreements
The UN Tax Committee at its meetings from 18 to 21 October 2022 discussed an update of the work on the interaction of tax, trade and investment agreements. The Subcommittee on the Relationship of Tax, Trade and Investment Agreements is mandated
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