OECD: Global Forum Capacity Building Report 2021
On 17 February the Global Forum on Transparency and Exchange of Information for Tax Purposes issued its capacity building report for 2021 entitled Developing Capacities in Times of COVID-19. The report outlines the support activities engaged in
See MoreOECD: ICAP Handbook Released
On 18 February 2021 the OECD issued the International Compliance Assurance Programme Handbook for Tax Administrations and MNE groups. The International Compliance Assurance Programme (ICAP) was set up as a voluntary risk assessment and assurance
See MoreOECD: Final Batch of Stage 1 Peer Review Reports on Dispute Resolution
On 16 February 2021 the OECD issued the final batch of stage 1 peer review assessments in relation to BEPS Action 14 on making dispute resolution mechanisms more effective. Countries that are members of the OECD’s Inclusive Framework on BEPS
See MoreOECD: Enterprise Risk Management Maturity Model
On 9 February 2021 the OECD made available on its website a copy of the Enterprise Risk Management Maturity Model. Maturity models are a tool allowing tax administrations to reach an understanding of their levels of capability in certain
See MoreOECD: International Tax Cooperation to Regulate Globalisation
On 1 February 2021 the OECD Secretary General published a blog post entitled A Turning Point for Tax: International co-operation for better regulation of globalisation. The note is based on the speech given by the Secretary General at the opening
See MoreOECD: Use of Energy Taxes to Strengthen Developing Country Finances
On 25 January 2021 the OECD issued a document entitled Taxing Energy Use for Sustainable Development: Opportunities for energy tax and subsidy reforms in selected developing and emerging economies. The report looks at energy taxation in a sample
See MoreOECD: Public Consultation on minimum standard under BEPS Action 14
On 1 February 2021 a virtual public consultation meeting was held as part of the review of BEPS Action 14 on improving tax dispute resolution mechanisms. This follows the publication of a consultation document in November 2020 and the publication
See MoreOECD: Meeting of the Inclusive Framework on BEPS
The 11th plenary meeting of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) was held on 27 and 28 January 2021 as a virtual meeting. The countries involved in the Inclusive Framework are working towards implementation of
See MoreOECD: Updated guidance on tax treaties and the impact of the pandemic
On 21 January 2021 the OECD published on its website updated guidance on tax treaties and the impact of the pandemic. The guidance sets out the views of the OECD Secretariat on the interpretation of tax treaty provisions, reflecting the general
See MorePlatform for Collaboration on Tax: Toolkit on Implementing Transfer Pricing Documentation Requirements
On 19 January 2021 the Platform for Collaboration on Tax (PCT) published the “Practical Toolkit to Support the Successful Implementation by Developing Countries of Effective Transfer Pricing Documentation Requirements”. The PCT was set up by
See MoreOECD: Public Consultation on Tax Challenges of the Digital Economy
A public consultation meeting was held by the OECD on 14 and 15 January 2021 to discuss the proposals in relation to Pillar One and Pillar Two of the tax challenges of the digital economy. Following the publication of Blueprints on Pillar One and
See MoreUK: OECD rules on cross-border arrangements to replace DAC 6
On 4 January 2021 HMRC confirmed that the EU rules on mandatory reporting of cross-border tax arrangements involving an EU member state (DAC 6) will mostly cease to apply in the UK from 2021. Under the EU rules set out in DAC 6, cross-border tax
See MoreOECD publishes public comments on proposals on taxation of the digital economy
On 16 December 2020 the OECD published comments received on the Blueprints outlining the remaining issues involved in finalising the work on Pillar One and Pillar Two of the proposals on tax challenges arising from the digitalisation of the
See MoreOECD: Implementation of transfer pricing for hard-to-value intangibles
On 16 December 2020 the OECD published information setting out the extent to which member countries of the Inclusive Framework have implemented the recommendations on hard to value intangibles (HTVI) drawn up as part of the OECD/G20 project on base
See MoreOECD: Transfer Pricing Implications of the Pandemic
On 18 December 2020 the OECD issued Guidance on the transfer pricing implications of the COVID-19 pandemic. This looks at the impact of the pandemic on areas of the transfer pricing analysis and APAs. Comparability analysis The pandemic and
See MoreOECD: Assessing Compliance by Financial Institutions with Automatic Exchange of Information
On 8 December 2020 the OECD published a document entitled Automatic Exchange of Information: Guide on Promoting and Assessing Compliance by Financial Institutions. The guide has been put together with the help of the of the tax administrations of
See MoreOECD: Enhancing International Tax Debt Management
On 8 December 2020 the OECD’s Forum on Tax Administration (FTA) issued a report entitled Enhancing International Tax Debt Management, looking at challenges around international tax debt collection. Problems faced in international tax debt
See MoreOECD: How Tax Administrations Can Support SMEs with Tax Compliance
On 8 December 2020 the OECD’s Forum on Tax Administration (FTA) released a report on Strategic Planning as part of a planned series called Supporting SMEs to Get Tax Right. The report aims to support tax administrations in the development and
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