UN approves terms for global tax cooperation framework

02 December, 2024

The UN has issued a release announcing that the Second Committee (Economic and Financial) has concluded its seventy-ninth session on 27 November 2024. The Second Committee has approved four draft resolutions and two draft decisions on a range of

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UN: Resolution on Negotiating Committee for Framework Convention for International Tax Cooperation

25 October, 2024

On 14 October 2024 a Resolution was drafted by Nigeria on behalf of the Africa group at the UN, to adopt the terms of reference for the UN Framework Convention on International Tax Cooperation. The draft Resolution referred to the work of the Ad Hoc

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UN Tax Committee concludes 29th session, advances multilateral fast track instrument

23 October, 2024

The 29th Session of the United Nations Committee of Experts on International Cooperation in Tax Matters (UNTC), held from 15–18 October 2024 in Geneva, announced major advancements in various domains of international taxation. The session of

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UN Tax Committee: Indirect Tax Issues

23 October, 2024

On 18 October 2024 the subcommittee on indirect tax issues presented a series of papers on VAT guidance for developing countries. The papers had been presented to the Tax Committee for comment at the previous session and were now submitted in their

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UN Tax Committee: Tax, Trade and Investment Agreements

22 October, 2024

On 17 October the UN Tax Committee discussed issues around the interaction of tax, trade and investment agreements. Guidance on tax and investment agreements Following the presentation of draft guidance on the relationship of tax and

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UN Tax Committee: Environmental Taxation

20 October, 2024

On 16 October 2024 the UN Tax Committee discussed environmental tax issues. The environmental taxation subcommittee presented some papers to the committee for discussion or approval. Phasing out fossil fuel subsidies A paper on phasing out

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UN Tax Committee: Issues in Extractive Industries Taxation

19 October, 2024

On 15 October 2024 the UN Tax Committee discussed developments in their work on extractive industries taxation. The work of the relevant subcommittee has focused on the energy transition; the valuation of mining products for tax purposes; and tax

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UN Tax Committee: Wealth and Solidarity Taxes

19 October, 2024

On 16 October 2024 the UN Tax Committee discussed progress in the work on wealth and solidarity taxes. The work of the relevant subcommittee aims to present practical options to assist countries in domestic resource mobilization and in addressing

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UN Tax Committee: Progress on Handbook on Health Taxes

19 October, 2024

On 18 October 2024 the UN Tax Committee held a first discussion on some new chapters of the Handbook on Health Taxes for Developing Countries. The subcommittee also presented revised versions of some chapters that had already been presented at an

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UN Tax Committee: Transfer Pricing Issues

19 October, 2024

On 16 October 2024 the UN Tax Committee discussed transfer pricing issues. The transfer pricing subcommittee presented for approval a paper on dispute resolution addressing the implementation of advance pricing agreement (APA) programs. The

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UN Tax Committee organises 29th Session of Experts on International Cooperation in Tax Matters

16 October, 2024

The UN Tax Committee announced that it will hold its 29th Session from 15 to 18 October 2024 at the United Nations Headquarters in Geneva, Switzerland. This is the penultimate session of this Committee membership, focused on delivering its

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UN Tax Committee publishes transfer pricing guidelines for agriculture, pharma industry

14 October, 2024

The UN Committee of Experts on International Cooperation in Tax Matters published advanced unedited versions of guidance on transfer pricing for agricultural products and transfer pricing in the pharmaceutical industry on 23 September

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UN publishes draft guidance on carbon offsets, carbon credits in transfer pricing

01 October, 2024

The UN Subcommittee on Transfer Pricing published an advanced unedited version of the guidance Interstitial Guidance on Transfer Pricing of Carbon Offsets and Carbon Credits on 28 August 2024. The draft is an updated version of a document

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Independent commission favours UN STTR over OECD for corporate tax reform

10 September, 2024

The Independent Commission for the Reform of International Corporate Taxation (ICRICT) released a report analysing the OECD and UN versions of the Subject to Tax Rule (STTR). Both versions enable source states to impose a minimum tax on payments

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UN: Terms of Reference on Framework Convention for Tax Cooperation

19 August, 2024

At the second session of the Ad Hoc Committee to Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation, held from 29 July to 16 August 2024, the Terms of Reference for a UN Tax Convention were adopted by

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UN approves final draft of the terms of reference for international tax framework convention

19 August, 2024

The United Nations approved the final draft terms of reference (ToR) for the UN Framework Convention on International Tax Cooperation. The decision passed with a majority vote of 110 countries in favour, with 44 abstentions and eight countries

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UN releases second revised draft terms for international tax framework convention

14 August, 2024

The UN Ad Hoc Committee released a second revised draft of the terms of reference (ToR) (Rev.2) for a United Nations Framework Convention on International Tax Cooperation  on Sunday, 11 August 2024. This draft reflects the discussions held during

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UN tax committee issues unedited version of transfer pricing compliance assurance toolkit

29 July, 2024

The UN Tax Committee’s Transfer Pricing Subcommittee released the unedited version of the Transfer Pricing Compliance Toolkit and the unedited version of the Interstitial Guidance on Transfer Pricing. Both guidelines address the economic

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