Pillar Two: Global minimum tax implementation status globally

March 08, 2024

In October 2021, over 135 jurisdictions joined OECD’s two-pillar solution to reform the international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate and generate profits. The global

See More

OECD: Secretary General’s Tax Report to G20 Finance Ministers

March 01, 2024

On 19 February 2024 the OECD published the Secretary General’s tax report to the G20 Finance Ministers and Central Bank Governors for their meeting of February 2024. The report covered important international tax developments since their previous

See More

OECD: Comments Received on Proposed Guidance on Pricing of Lithium

February 28, 2024

On 26 February 2024 the OECD published the responses received on the proposed guidance to support developing countries in addressing risks of base erosion and profit shifting in pricing lithium. Comments were received from eleven government and

See More

OECD: Report on the Simplified and Streamlined Approach Under Amount B

February 21, 2024

On 19 February 2024 the OECD/G20 Inclusive Framework released the report on Amount B of Pillar One, following a previous consultation. The report sets out how jurisdictions can choose to apply the simplified and streamlined approach to qualifying

See More

OECD releases updated BEPS MLI matching database

February 09, 2024

Recently, the OECD has released the updated version of BEPS MLI Matching Database including significant improvements that will enhance user experience and provide additional features to support the implementation and application of the BEPS MLI. One

See More

OECD releases ICAP statistics

January 31, 2024

On 29 January 2024 the OECD released the first aggregated statistics from the Forum on Tax Administration’s International Compliance Assurance Programme (ICAP). ICAP The ICAP is a voluntary risk assessment and assurance program whose

See More

OECD: Comments Received on Changes to the Commentary to Article 5

January 25, 2024

On 22 January 2024, the OECD published comments on proposed amendments to the commentary to Article 5 in relation to an alternative provision on activities in connection with the exploration and exploitation of natural resources. The additional

See More

OECD: Update of Estimated Revenue Gains from Pillar Two

January 21, 2024

On 9 January 2024 the OECD held a webinar to introduce the updated assessment of the projected economic impact of the global minimum tax under Pillar Two of the two pillar solution to international tax. The OECD has used improved methodology and

See More

GloBE rules to be enforced from January 2024 despite major challenges

December 15, 2023

The OECD framework Two-Pillar Solution the global corporate minimum tax rate of 15% (Model GloBE Rules), imposed on large multinational companies with annual revenues of $790 million (€750 million) a proposal drafted by the OECD alongside G-20,

See More

OECD: 2022 Peer Review Reports on the Exchange of Information on Tax Rulings

December 14, 2023

On 13 December 2023 the OECD released the 2022 Peer Review Reports on the Exchange of Information on Tax Rulings. The latest annual peer review reports cover 131 Inclusive Framework member jurisdictions and jurisdictions of relevance. The BEPS

See More

OECD Releases Information and Statistics on Mutual Agreement Procedures

November 16, 2023

On 14 November 2023 the OECD released the 2022 Mutual Agreement Procedures (MAP) Statistics, covering 133 jurisdictions worldwide. The release of these statistics each year is part of the actions to improve dispute prevention and resolution in line

See More

OECD: Peer Review Report on Tax Transparency and EOI in Serbia

November 15, 2023

On 8 November 2023 the OECD’s Global Forum published the second-round peer review report on Serbia’s implementation of the standard on transparency and exchange of information (EOI). The report assesses the legal and regulatory framework at 4

See More

OECD: Peer Review Report on Tax Transparency and EOI in Latvia

November 15, 2023

On 8 November 2023 the OECD’s Global Forum published the second-round peer review report on Latvia’s implementation of the standard on transparency and exchange of information (EOI). Latvia’s implementation of the EOIR standard was given an

See More

OECD: Peer Review Report on Tax Transparency and EOI in Poland

November 13, 2023

On 8 November 2023 the Global Forum on Transparency and Exchange of Information for Tax Purposes published the second-round peer review report on Poland’s implementation of the standard on transparency and exchange of information (EOI). Poland’s

See More

OECD: Peer Review Report on Transparency and EOI in Thailand

November 13, 2023

On 8 November 2023 the Global Forum published a peer review report on Thailand's implementation of the standard on transparency and exchange of information. Thailand joined the Global Forum in 2017 and made efforts to establish the necessary legal

See More

Pakistan: Peer Review Report on Exchange of Information and Transparency

November 12, 2023

On 8 November 2023 the Global Forum published the second-round peer review report assessing Pakistan’s practical implementation of the standard on transparency and exchange of information on request (EOIR). The latest peer review assessment

See More

OECD: Consultation on Transfer Pricing Issues Relating to Lithium

November 12, 2023

On 6 November 2023 the OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) released for public consultation a draft toolkit with the title Determining the Price of Minerals: Application to Lithium. The

See More

OECD: Guidance on Transfer Pricing Issues for Bauxite

November 12, 2023

Following the completion of a previous consultation, on 6 November 2023 the OECD published a toolkit with the title Determining the price of minerals: A Transfer Pricing Framework – Schedule A: Bauxite. This toolkit follows on from the publication

See More