OECD 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
See MoreOECD: Taxing Energy Use 2018
On 14 February 2018 the OECD issued Taxing Energy Use 2018, a publication that summarises the patterns of energy taxation in 42 countries of the OECD and G20. The countries included in the publication account for around 80% of global energy use. The
See MoreOECD: Platform for Collaboration on Tax to hold global conference
The first global conference of the Platform for Collaboration on Tax (PCT) is to be held on February 14-16, 2018, focusing on important directions for tax policy and administration so as to achieve the Sustainable Development Goals (SDGs). The PCT
See MoreOECD: Updated report on preferential tax regimes
Action 5 of the OECD/G20 action plan on base erosion and profit shifting (BEPS) aimed to counter harmful tax practices more effectively, taking into account transparency and substance. The minimum standard set out in the final report on Action 5
See MoreOECD: Inclusive Framework issues more guidance on implementation of CbC reporting
On 8 February 2018 the Inclusive Framework issued additional guidance to give on the implementation of country-by-country (CbC) reporting under Action 13 of the OECD/G20 project on base erosion and profit shifting (BEPS). The jurisdictions
See MorePoland-OECD: Poland submits MLI instruments of ratification
On 23rd January 2018, Poland became the fourth country to deposit its instrument of ratification for MLI (Multilateral Instrument). The MLI will enter into force once five countries have deposited instruments of ratification. On 8th November 2017
See MoreOECD: Comments received on discussion draft on mandatory disclosure of CRS avoidance arrangements
On 18 January 2018 the OECD published comments received in relation to new tax rules on the disclosure of common reporting standard (CRS) avoidance arrangements and offshore structures. This follows the issue of a consultation document on the
See MoreOECD: International Compliance Assurance Programme
On 23 January 2018 a pilot program was launched in relation to multilateral risk assessment of large multinational groups. The program known as the International Compliance Assurance Programme (ICAP) is a the pilot for a voluntary programme to use
See MorePanama signs agreement for exchange of financial account information
On 15 January 2018 Panama signed the CRS Multilateral Competent Authority Agreement (CRS MCAA), the agreement for implementing the automatic exchange of financial account information under the Multilateral Convention on Mutual Administrative
See MoreOECD: Tax Talk Summarizes Progress on Tax Topics
On 15 December 2017 the OECD gave an online Tax Talk to summarize the progress made on the various ongoing tax initiatives. Harmful Tax Practices Peer review reports on the exchange of tax rulings were published in December 2017. More than 10,000
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