OECD updates ICAP documentation for global compliance
The OECD has updated the required documentation for the International Compliance Assurance Programme (ICAP). The Main Documentation Package has been revised and no longer requires MNE Groups to prepare a country-by-country reporting self-assessment
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OECD to host webinar on Pillar One Amount B
The OECD will host a webinar on Pillar One Amount B on 11 February 2025. OECD's transfer pricing team will discuss the latest updates and developments regarding the design and implementation of the Amount B framework. This framework, developed by
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OECD extends consultation deadline for mining income ring-fencing toolkit
The Organisation for Economic Co-operation and Development (OECD) has announced, on 27 January 2025, that the deadline for public comments regarding the draft toolkit to help developing countries address tax policy and administration for
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US: Trump Administration withdraws from OECD Global Tax Deal commitment
The Trump administration released a memorandum to the Treasury Secretary and the US Trade Representative instructing them to withdraw from the OECD’s “Global Tax Deal” on 20 January 2025. This initiative includes the Pillar One and Pillar Two
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OECD releases compilation of qualified legislation, information filing, exchange tools for Pillar Two global minimum tax
The OECD has published a compilation of qualified domestic rules together with other tools to streamline the co-ordinated administration of the global minimum tax on 15 January 2024. Central record of legislation with transitional qualified
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OECD updates GloBE return, guidance, Q&A
On 15 January 2025, A key part of the OECD/G20 BEPS Project addressed the tax challenges arising from the digitalisation of the economy. In October 2021, over 135 jurisdictions joined a ground breaking plan to update key elements of the
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OECD publishes paper on MNE business functions’ reaction to corporate taxation
The OECD has released a working paper titled MNE Business Functions and Corporate Taxation on 13 January 2025, exploring how multinational enterprises (MNEs) adjust their business activities within a jurisdiction in response to corporate tax
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OECD publishes co-chairs’ update of BEPS Inclusive Framework Pillar One
The OECD released a statement from the co-chairs of the OECD/G20 Inclusive Framework on BEPS on 13 January 2025. This update highlights the progress made toward finalising Pillar One of the two-pillar solution, designed to address the tax
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OECD consults draft mining income ring-fencing toolkit
The Organisation for Economic Co-operation and Development (OECD) has released an announcement inviting public feedback on a draft toolkit published on 13 December 2024. This toolkit aims to assist developing countries address tax policy and
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OECD introduces new tools to simplify transfer pricing (Amount B)
The OECD has announced the launch of new tools to streamline the implementation of Amount B under Pillar One aimed at simplifying transfer pricing rules. Amount B under the Two-Pillar Solution to Address the Tax Challenges of the Digitalising
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OECD publishes 8th annual peer review on Exchange of Information on Tax Rulings
The Organisation for Economic Co-operation and Development (OECD) has released the Harmful Tax Practices – 2023 Peer Review Reports on the Exchange of Information on Tax Rulings report on 16 December 2024. Under the BEPS Action 5 minimum
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OECD updates FAQs on ICAP, clarifies applications may be submitted year-round
The Organisation for Economic Cooperation and Development (OECD) released an updated version of its Frequently Asked Questions (FAQs) regarding the International Compliance Assurance Programme (ICAP) in December 2024. ICAP is a voluntary
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OECD: Norway signs multilateral agreement on exchange of information on CRS avoidance
A recent OECD update reported that Norway has signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on CRS Avoidance Arrangements and Opaque Offshore Structures (MDR-MCAA) on 26 November 2024. This
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OECD: Papua New Guinea signs CRS-MCAA
The Organisation for Economic Co-operation and Development (OECD) has announced that Papua New Guinea has officially signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS-MCAA) on 26
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OECD: Czech Republic, Hungary, Germany sign agreement to share digital platform income information
The Organisation for Economic Co-operation and Development (OECD) has announced that the Czech Republic, Germany, and Hungary have signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Earned
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OECD releases new reports on automatic exchange of information, global forum activities
The Organisation for Economic Co-operation and Development (OECD) is holding its 17th Annual Plenary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) which started on 26 November 2024 in
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OECD: Global Forum releases 9 new peer review reports on transparency, information exchange
The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) on 21 November 2024 published nine new peer review reports on transparency and exchange of information on request (EOIR), six of which combine an
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OECD report finds tax revenues steady, spending pressures rise
The OECD has released two new reports on 21 November 2024 examining tax levels and consumption tax trends across its member countries. The findings indicate that average tax revenues have remained stable despite increasing spending pressures. The
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