OECD Releases Mutual Agreement Procedure Statistics for 2013
The OECD Model Tax Convention includes a provision for a mutual agreement procedure (MAP) in Article 25. Under this procedure the competent authorities of the two contracting states are required to endeavor to reach agreement to resolve issues that
See MoreOECD: Discussion Draft on Low Value-Adding Services
The OECD issued a discussion draft on 3 November 2014 in connection with Action 10 of the BEPS project. This relates to modifications to the OECD Transfer Pricing Guidelines in respect of low value adding intra-group services. The discussion draft
See MoreOECD Strategy for Developing Country Involvement in BEPS
The OECD/G20 project on base erosion and profit shifting is important not just to developed countries but to the developing countries which rely on corporate income tax collected from large companies, including multinationals, to fund their
See MoreOECD Report Examines Tax Debt Management
The OECD Forum on Tax Administration (FTA) has published a study entitled “Working Smarter in Tax Debt Management” to provide a picture of the most effective approaches to tax collection and recovery. The study appears at a time when tax debts
See MoreOECD: Report on Increasing Taxpayer Use of Self Service Channels
The efficiency of tax administration can increase if there is improved management of requests by taxpayers for support and advice. Following two previous studies on the improvement of service demand the OECD's Forum on Tax Administration requested
See MoreTax Administration Leaders Discuss Concerted Action to Deal With Global Challenges
On 23 and 24 October 2014 the heads of tax administrations convened for the ninth meeting of the OECD Forum on Tax Administration (FTA). Delegations from around forty tax administrations discussed the implications of the project on base erosion and
See MoreOECD: Measures of Tax Compliance Outcomes
The OECD's Forum on Tax Administration (FTA) has put together a report entitled: “Measures of Tax Compliance Outcomes: A Practical Guide”. Tax Administrations are concerned with outcomes such as collecting the right amount of tax, improving
See MoreGlobal Forum Publishes Peer Reviews
The Global Forum on Transparency and Exchange of Information for Tax Purposes has published reports on Phase 2 peer reviews of Belize, Ghana, Gibraltar, Grenada, Israel, the Russian Federation and St Vincent and the Grenadines. The reports cover the
See MoreCountries Sign Up to OECD Standard on Exchange of Information
According to an OECD press release on 29 October 2014 all OECD and G20 member countries and major financial centers participating in the annual meeting of the OECD’s Global Forum have endorsed the OECD/G20 standard on automatic exchange of
See MoreOECD Report on Tax Compliance by Design
A new OECD report entitled “Tax Compliance by Design: Achieving Improved SME Tax Compliance by Adopting a System Perspective” was published on 24 October 2014. The report looks at how to improve SME compliance by making better use of the
See MoreOECD: Transfer pricing documentation – Country by Country Reporting
Action 13 of the action plan on Base Erosion and Profit Shifting (BEPS) is concerned with supplying the tax administration with sufficient information to allow them to assess transfer pricing risk. The guidance issued by the OECD in September 2014
See MoreOECD– Releases Comments on Discussion draft regarding “Transfer Pricing Comparability Data and Developing Countries”
The OECD invited comments on 6 June 2012 from interested parties on its Discussion Draft on Transfer Pricing Comparability Data and Developing Countries for proposed revisions to Chapter VI of the Transfer Pricing Guidelines. The OECD published the
See MoreOECD: Go into French Tax improvement Debate
The Organization for Economic Cooperation and Development (OECD) has recommended a number of direct tax reforms to build on the French Government's efforts to improve the nation's competitiveness in Europe. The report provides that the tax wedge
See MoreOECD: 9th Meeting of Forum on Tax Administration took place in Dublin
The 9th Meeting of the Forum on Tax Administration (FTA) took place in Dublin on 23-24 October 2014 in Dublin, Ireland. Nearly forty delegations, including international and regional tax organizations, participated in the Ninth Meeting of the OECD
See MoreMemorandum of understanding between Ukraine and OECD signed
The OECD and Ukraine signed a memorandum of understanding (MoU) on 7 October 2014 to help Ukraine's efforts to tackle corruption, strengthen its tax system and promote competitiveness. The Memo determines priority areas and cooperation forms for
See MoreOECD: Released a Roadmap to support developing countries in implementing the new global standard for the automatic exchange of tax information.
The Organization for Economic Co-operation and Development (OECD) released on September 22, 2014, goals to support developing countries in executing the new global standard for the automatic exchange of tax information. Finance Ministers of the
See MoreOECD: Published report on guidance on transfer pricing features of intangibles
The OECD recently released the report on Action 8 of the Action Plan on 16 September 2014 which is based on Erosion and Profit Shifting (AP-BEPS). The details report comprises guidance on the Transfer Pricing aspects of intangibles. It covers final
See MoreOECD: proposes changes to international corporate tax rules
The OECD proposals aim to ensure that corporate profits are taxed where economic activities generating the profits are performed and where value is created. Among the recommendations are changes to the practice of transfer pricing, particularly for
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