OECD: Discussion Draft on Transfer Pricing for Financial Transactions
On 3 July 2018 the OECD released a discussion draft on financial transactions in relation to BEPS actions 8 to 10 (ensuring that transfer pricing outcomes are in line with value creation). This has been issued as part of the follow-up work on the
See MoreOECD and IGF issue draft toolkit on costing behavioural responses to tax incentives
On 18 June 2018 the OECD published a draft toolkit to help developing countries identify and cost the potential behavioural responses by mining investors to tax incentives. Comments on the draft toolkit are invited from interested parties by 6 July
See MoreOECD considers updating guidance on transfer pricing for intragroup services
The OECD is considering revising the guidance in Chapter VII (intragroup services) of the transfer pricing guidelines. A consultation has been held, for which the closing date for comments was 20 June 2018, and the comments from interested parties
See MoreOECD: Working Party considers revising Chapter IV of the transfer pricing guidelines
The OECD is considering revising the guidance in Chapter IV (administrative approaches) of the transfer pricing guidelines. A consultation has been held, for which the closing date for comments was 20 June 2018, and the comments from interested
See MoreOECD: Multilateral Instrument ratified by Serbia
The OECD has reported that on 5 June 2018 Serbia deposited with the OECD Secretary General its instrument of ratification in relation to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
See MoreLuxembourg: Cabinet approves a bill for the ratification of BEPS MLI
On 15 June 2018, the Luxembourg Cabinet approved a bill ratifying the Multilateral Agreement on the Implementation of Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which Luxembourg signed on 7 June 2017. Upon
See MoreOECD: Global Forum Issues Peer Review Reports
On 4 April 2018 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published peer review reports on nine countries. The reports assess the countries’ compliance with the agreed international standards in
See MoreOECD: Further guidance on attribution of profits to permanent establishments
On 22 March 2018 the OECD issued a report entitled “Additional Guidance on the Attribution of Profits to Permanent Establishments, BEPS Action 7”. This latest guidance follows the issue of a discussion draft on 22 June 2017 containing guidance
See MoreSlovenia deposited its instrument of ratification of the MLI
The OECD announced on 22 March 2018 that the multilateral monvention to implement tax treaty related measures to prevent base erosion and profit shifting (MLI) will first enter into force on 1 July 2018, following Slovenia’s deposit of the fifth
See MoreOECD announces date of entry into force of multilateral instrument
On 22 March 2018 the OECD announced that the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting is to enter into force on 1 July 2018. The Convention allows the signatories to quickly and
See MoreOECD: Interim report on tax challenges of the digital economy
The interim report on tax challenges of the digital economy was published on 16 March 2018. The 2015 report on action 1 of the action plan on base erosion and profit shifting (BEPS) on tax challenges of the digital economy outlined the ways in
See MoreOECD: Tax disclosure rules for advisors and intermediaries
On 9 March 2018 the OECD has issued model disclosure rules requiring lawyers, accountants, financial advisors, banks and other service providers to inform tax authorities of any schemes they set up for their clients to avoid reporting requirements
See MoreOECD: Third round of peer reviews on dispute resolution mechanisms
On 12 March 2018 the OECD released the third round of peer reviews relating to improving tax dispute resolution mechanisms to make them more timely, relevant and effective. Action 14 of the action plan on base erosion and profit shifting (BEPS) was
See MoreOECD and Egypt launch programme on implementation of BEPS standards
On 7 March 2018 the OECD and Egypt’s Ministry of Finance launched a programme entitled Enhancing domestic resource mobilisation in Egypt through a better tax and exchange of information system. The programme involves funding from the EU to support
See MoreOECD: Project to examine differences between Brazil’s transfer pricing rules and the Guidelines
On 28 February 2018 the OECD and Brazil began a joint project to examine the similarities and gaps in approaches to valuation of cross-border transactions. The project aims to produce an assessment of possibilities to bring the transfer pricing
See MoreOECD: Working paper on taxation of debt and equity of individuals
An OECD working paper written by M. Harding and M. Marten and issued on 15 February 2018 is entitled “Statutory tax rates on dividends, interest and capital gains: the debt equity bias at the personal level”. The paper presents tax rates on
See MorePlatform for Collaboration on Tax: Global Conference
The first Global Conference on Taxation and SDGs convened by the Platform for Collaboration on Tax (PCT) concluded in New York on Friday, 16 February 2018. The PCT brings together the key players in international organizations mandated to work on
See MorePlatform for Collaboration on Tax: Closing Statement of Conference on Tax and SDGs
On 16 February 2018 the Platform for Collaboration on Tax (PCT) released the closing statement following its conference on taxation and the sustainable development goals (SDGs). The PCT was set up by the IMF, OECD, UN and World Bank at the request
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