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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
OECD unveils initiatives to enhance digital transformation, tax certainty, capacity building partnerships
The Organisation for Economic Cooperation and Development (OECD) has announced that during the 17th annual plenary meetings of the Forum on Tax Administration, tax administrations reached a consensus on a series of practical initiatives. These
See More
OECD releases Mutual agreement procedure (MAP), advance pricing agreement (APA) statistics for 2023
The Organisation for Economic Co-operation and Development (OECD) published the 2023 Mutual Agreement Procedure (MAP) Statistics and Advance Pricing Agreement (APA) Statistics on 15 November 2024. The OECD also presented MAP and APA awards to tax
See More
OECD presents tax report to G20 leaders in Brazil
The OECD has released the OECD Secretary-General Tax Report to G20 Leaders, prepared for the G20 Leaders' Summit taking place on 18-19 November 2024, in Rio de Janeiro, Brazil. This report sets out recent developments in international tax reform,
See More
OECD publishes tax administration report 2024
The Organisation for Economic Co-operation and Development (OECD) has released the report Tax Administration 2024, which provides comparative insights into the tax systems and administrations of 58 OECD member countries and other advanced and
See More
OECD launches accession process for Thailand
The Organisation for Economic Co-operation and Development (OECD) Secretary-General Mathias Cormann has publicly launched the process of Thailand's accession to the OECD in Bangkok on 30 October 2024. The OECD Council adopted the Roadmap for the
See More
OECD presents Secretary-General Tax Report to G20 finance ministers, central bank governors
The Organisation for Economic Co-operation and Development (OECD) has released the OECD Secretary-General Tax Report (G20 Brazil, October 2024), which was presented to the G20 Finance Ministers and Central Bank Governors at their meeting in
See More
OECD publishes tax arbitrage through closely held businesses report
The Organisation for Economic Co-operation and Development (OECD) issued a report on Tax arbitrage through closely held businesses on 7 October 2024. The report explores tax arbitrage incentives and behaviours in OECD countries, and their
See More
OECD launches second BEPS Action 5 review, releases initial BEPS Action 14 peer reviews
The Organisation for Economic Cooperation and Development (OECD) announced a second series of peer reviews for BEPS Action 5 and released the initial two batches of BEPS Action 14 peer reviews. These are part of the streamlined mutual agreement
See More