OECD: 2017 edition of the Model Tax Convention released
On 18 December 2017 the OECD released the 2017 edition of the Model Tax Convention. This edition incorporates measures outlined in the final reports from the action plan on base erosion and profit shifting. The new edition reflects work on BEPS
See MoreOECD: second round of peer reviews on tax dispute resolution mechanisms
On 15 December 2017 the OECD issued the second round of analyses of individual country measures on improving dispute resolution mechanisms. This second batch consists of seven peer review reports and represents more stage 1 evaluations of the
See MoreOECD: Peer reviews of exchange of information on tax rulings
On 4 December 2017 the OECD released the first analysis of progress by individual countries on the spontaneous exchange of information on tax rulings. This was one of the recommendations of the final report on action 5 of the project on base erosion
See MoreOECD: Consultation document on mandatory disclosure rules
On 11 December 2017 the OECD released a consultation document asking for input from stakeholders on the design of model mandatory disclosure rules. These rules would set out disclosure obligations for promoters and service providers who involved in
See MoreOECD: Further Guidance on CbC Reporting
On 30 November 2017 the Inclusive Framework released further guidance for tax administrations and multinationals in relation to the implementation of Country-by-Country (CbC) Reporting under Action 13 of the action plan on base erosion and profit
See MoreOECD: MAP Statistics for 2016
Action 14 of the action plan on base erosion and profit shifting (BEPS) was concerned with improving the effectiveness and timeliness of dispute resolution mechanisms. The minimum standard under action 14 requires jurisdictions to try to resolve
See MoreOECD: Tax Inspectors Without Borders discuss improving tax audit capacities
On 3 November 2017 a discussion was held at the OECD on sharing experiences and improving best practices for tax audit. The results of the discussion are to be implemented in the programs of Tax Inspectors Without Borders (TIWB). TIWB was launched
See MoreOECD: Comments published on tax challenges of digitalisation
On 27 October 2017 the OECD published comments received on the tax challenges of digitalization. A request for input had been published on 22 September 2017 inviting responses from interested parties with a deadline of 13 October 2017. Despite this
See MoreOECD: Implementation guidance for VAT on cross-border sales
On 24 October 2017 the OECD issued new implementation guidance on collecting consumption taxes on cross-border sales. The document is entitled “Mechanisms for the Effective Collection of VAT/GST Where the Supplier is Not Located in the
See MoreOECD: Report on peer reviews of preferential tax regimes
A report released by the OECD on 16 October 2017 noted that countries are dismantling or amending almost 100 preferential tax regimes as part of the implementation of standards under the project on base erosion and profit shifting (BEPS). The report
See MoreOECD: Revenue Statistics in Africa 2017
According to new data from Revenue Statistics in Africa 2017 released on 12 October 2017 the mobilisation of domestic resources is improving steadily in African countries. This annual report is produced jointly by the African Tax Administration
See MoreOECD: Forum on Tax Administration meets to discuss tax priorities
The Forum on Tax Administration (FTA) discussed tax issues at its plenary meeting on 27 to 29 September 2017. The FTA includes the Tax Commissioners of fifty tax administrations covering industrialized and emerging economies including the OECD and
See MoreOECD: Peer review reports on dispute resolution mechanisms
On 26 September 2017 the OECD released six peer review reports evaluating efforts to improve dispute resolution mechanisms. The reports relate to implementation of measures by Belgium, Canada, Netherlands, Switzerland, the UK and the US. A document
See MoreOECD: Request for input on tax challenges of digital economy
On 22 September 2017 the OECD issued a request for input on work relating to the tax challenges of the digital economy. The OECD is requesting public comments on important issues relating to tax challenges raised by digitalization and potential
See MoreOECD: Appropriate use of information in CbC reports
On 6 September 2017 the OECD released guidance in relation to the appropriate use of information in Country by Country (CbC) reports exchanged under action 13 of the project on base erosion and profit shifting (BEPS). This includes guidance on the
See MoreOECD: Further guidance on CbC reports
Further guidance has been issued by the OECD's Inclusive Framework on BEPS in relation to the implementation and operation of Country-by-Country (CbC) reporting under Action 13 of the project on base erosion and profit shifting (BEPS). This latest
See MoreOECD: Comments received on draft updates to Model Tax Convention
On 11 August 2017 the OECD published comments received on the draft 2017 updates to the OECD Model Tax Convention and commentary. The draft updates had been published for comment on 11 July 2017. Comments were received from the BEPS Monitoring
See MoreOECD: Global Forum releases compliance ratings on tax transparency
On 21 August 2017 the Global Forum on Transparency and Exchange of Information for Tax Purposes published the first ten results of the enhanced peer review process to assess compliance with international standards for the exchange of information on
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