ee OECD releases first peer reviews on implementation of BEPS minimum standards on improving tax dispute resolution mechanisms By www.oecd.org Published On :: Tue, 26 Sep 2017 11:00:00 GMT As part of continuing efforts to improve the international tax framework, the OECD has released the first analysis of individual country efforts to improve dispute resolution mechanisms. Full Article
ee BEPS Action 13: OECD releases CbC reporting implementation status and exchange relationships between tax administrations By www.oecd.org Published On :: Wed, 11 Oct 2017 15:00:00 GMT Today, a further step was taken to implement Country-by-Country Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA"). Full Article
ee OECD and tax administrations discuss BEPS implementation at regional meeting in the Slovak Republic By www.oecd.org Published On :: Fri, 20 Oct 2017 15:27:00 GMT 80 delegates from 20 countries and 11 organisations gathered in Bratislava for the third regional meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) in the Eastern Europe and Central Asia region. This meeting belongs to a new series of regional events that offer participants from different regions in the world the opportunity to provide their views and input into the Inclusive Framework on BEPS. Full Article
ee OECD invites taxpayer input on fourth batch of Dispute Resolution peer reviews By www.oecd.org Published On :: Fri, 24 Nov 2017 15:00:00 GMT The OECD is now gathering input for the Stage 1 peer reviews of Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal, and invites taxpayers to submit input on specific issues relating to access to MAP, clarity and availability of MAP guidance and the timely implementation of MAP agreements for each of these jurisdictions using the taxpayer input questionnaire. Full Article
ee OECD releases mutual agreement procedure (MAP) statistics for 2016 By www.oecd.org Published On :: Mon, 27 Nov 2017 11:00:00 GMT One of the elements of the Action 14 minimum standard requires jurisdictions to seek to resolve mutual agreement procedure (“MAP”) cases within an average timeframe of 24 months. To monitor compliance with this element, members of the Inclusive Framework on BEPS have committed to report their MAP statistics pursuant to an agreed reporting framework. Full Article
ee OECD releases first peer reviews of the BEPS Action 5 minimum standard on spontaneous exchange on tax rulings By www.oecd.org Published On :: Mon, 04 Dec 2017 11:00:00 GMT As part of continuing efforts to improve tax transparency and the international tax framework, the OECD has released the first analysis of individual countries' progress in spontaneously exchanging information on tax rulings in accordance with Action 5 of the BEPS package of measures released in October 2015. Full Article
ee OECD seeks input on new tax rules requiring disclosure of CRS avoidance arrangements and offshore structures By www.oecd.org Published On :: Mon, 11 Dec 2017 11:00:00 GMT Today the OECD is releasing a consultation document seeking stakeholder input on model mandatory disclosure rules. The model rules target promoters and service providers with a material involvement in the design, marketing or implementation of a CRS avoidance arrangements or offshore structure. They would require such intermediaries to disclose information on the scheme to their local tax authority. Full Article
ee OECD releases second round of peer reviews on implementation of BEPS minimum standards on improving tax dispute resolution mechanisms By www.oecd.org Published On :: Fri, 15 Dec 2017 16:00:00 GMT As part of continuing efforts to improve the international tax framework and tax certainty, the OECD has released the second round of analyses of individual country efforts to improve dispute resolution mechanisms. These seven peer review reports represent the second round of stage 1 evaluations of how countries are implementing new minimum standards agreed in the OECD/G20 BEPS Project. Full Article
ee Qatar signs tax co-operation agreement to enable automatic sharing of country-by-country information (BEPS Action 13) By www.oecd.org Published On :: Tue, 19 Dec 2017 15:00:00 GMT As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Qatar has signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting (CbC MCAA), bringing the total number of signatories to 68. Full Article
ee Major step forward in international tax co-operation as additional countries sign landmark agreement to strengthen tax treaties By www.oecd.org Published On :: Wed, 24 Jan 2018 19:00:00 GMT Ministers and high-level officials from Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama and Tunisia have today signed the BEPS Multilateral Convention bringing the total number of signatories to 78. This Convention updates the existing network of bilateral tax treaties and reduces opportunities for tax avoidance by multinational enterprises. Full Article
ee Countries must strengthen tax systems to meet Sustainable Development Goals By www.oecd.org Published On :: Wed, 14 Feb 2018 15:00:00 GMT Major international organizations -including the IMF, OECD, UN and World Bank Group- today called on governments from around the world to strengthen and increase the effectiveness of their tax systems to generate the domestic resources needed to meet the Sustainable Development Goals (SDGs) and promote inclusive economic growth. Full Article
ee OECD releases third round of peer reviews on implementation of BEPS minimum standards on improving tax dispute resolution mechanisms and calls for taxpayer input for the fifth round By www.oecd.org Published On :: Mon, 12 Mar 2018 11:00:00 GMT As the BEPS Action 14 continues its efforts to make dispute resolution more timely, effective and efficient, eight more peer review reports have been released today. These eight reports highlight how well jurisdictions are implementing the Action 14 minimum standard as agreed to in the OECD/G20 BEPS Project. Full Article
ee Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution By www.oecd.org Published On :: Fri, 16 Mar 2018 13:45:00 GMT More than 110 countries and jurisdictions have agreed to review two key concepts of the international tax system, responding to a mandate from the G20 Finance Ministers to work on the implications of digitalisation for taxation. Full Article
ee Better design of taxes on personal savings and wealth is needed to support inclusive growth By www.oecd.org Published On :: Thu, 12 Apr 2018 11:00:00 GMT The taxation of personal savings and wealth varies widely, offering governments significant scope for tax reforms that simultaneously improve both the efficiency and fairness of their tax systems, according to two new OECD reports. Full Article
ee OECD peer reviews on BEPS Action 13 Country-by-Country reporting initiative show strong progress for global roll-out in June By www.oecd.org Published On :: Thu, 24 May 2018 11:00:00 GMT The OECD has released the first peer reviews of the Country-by-Country (CbC) reporting initiative, demonstrating strong progress toward the imminent implementation of a key element in continuing efforts to improve taxation of multinational enterprises (MNEs) worldwide. Full Article
ee Kazakhstan signs the CRS Multilateral Competent Authority Agreement By www.oecd.org Published On :: Tue, 26 Jun 2018 12:00:00 GMT Kazakhstan today became the 102nd jurisdiction to sign the OECD's Multilateral Competent Authority Agreement for the Common Reporting Standard (CRS MCAA). Full Article
ee Landmark tax agreement to strengthen tax treaties enters into force with additional countries joining By www.oecd.org Published On :: Wed, 27 Jun 2018 18:57:00 GMT Ministers and senior officials from Kazakhstan, Peru and the United Arab Emirates have signed the BEPS Multilateral Convention bringing the total number of signatories to 81. This Convention updates the existing network of bilateral tax treaties and reduces opportunities for tax avoidance by multinational enterprises. Full Article
ee Peru signs landmark agreement to strengthen tax treaties and moves forward in international tax co-operation By www.oecd.org Published On :: Wed, 27 Jun 2018 18:58:00 GMT Peru today signed a landmark treaty to improve the international tax system. The signing of the BEPS Multilateral Convention came during the fifth plenary meeting of the Inclusive Framework on BEPS held in the Lima on 27-28 June 2018. Full Article
ee Global Forum publishes tax transparency compliance ratings for seven jurisdictions and welcomes three new members By www.oecd.org Published On :: Mon, 16 Jul 2018 15:39:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum), published today seven peer review reports assessing compliance with the international standard on tax transparency and exchange of information on request (EOIR). Full Article
ee OECD, government officials and parliamentarians discuss developments in international tax co-operation at high-level meeting in Georgia By www.oecd.org Published On :: Fri, 20 Jul 2018 08:00:00 GMT Over 70 participants from 20 countries in Europe and Central Asia gathered Georgia for a high-level regional event on Developments in International Tax Co-operation on 17-18 July 2018. Participants discussed policy responses to fighting tax evasion and avoidance, as well as the opportunities and challenges presented by the practical implementation of international standards on tax transparency and BEPS. Full Article
ee Ukraine signs landmark agreement to strengthen its tax treaties By www.oecd.org Published On :: Mon, 23 Jul 2018 16:00:00 GMT Today, Ukraine signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention). Ukraine becomes the 83rd jurisdiction to join the Convention, which will update the existing network of bilateral tax treaties to reduce opportunities for tax avoidance by multinational enterprises. Full Article
ee OECD invites taxpayer input on sixth batch of Dispute Resolution peer reviews (BEPS Action 14) By www.oecd.org Published On :: Thu, 26 Jul 2018 11:00:00 GMT The OECD is gathering input for the Stage 1 peer reviews of Argentina, Chile, Colombia, Croatia, India, Latvia, Lithuania and South Africa, and invites taxpayers to submit input on specific issues relating to access to MAP, clarity and availability of MAP guidance and the timely implementation of MAP agreements for each of these jurisdictions using the taxpayer input questionnaire. Full Article
ee OECD releases fourth round of BEPS Action 14 peer review reports on improving tax dispute resolution mechanisms By www.oecd.org Published On :: Thu, 30 Aug 2018 16:00:00 GMT The work on BEPS Action 14 continues with today’s publication of the fourth round of stage 1 peer review reports. Each report assesses a country’s efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project. Full Article
ee OECD and Norway agree new partnership to help developing countries address taxation challenges By www.oecd.org Published On :: Mon, 10 Sep 2018 11:00:00 GMT The Organisation for Economic Co-operation and Development (OECD) and Norway agreed today to gear up efforts to help developing countries address their domestic resource mobilisation challenges in order to finance the Sustainable Development Goals. Full Article
ee Saudi Arabia signs landmark agreement to strengthen its tax treaties By www.oecd.org Published On :: Tue, 18 Sep 2018 10:00:00 GMT Today, Saudi Arabia signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention). Saudi Arabia becomes the 84th jurisdiction to join the Convention, which now covers over 1,400 bilateral tax treaties. Full Article
ee Few countries are pricing carbon high enough to meet climate targets By www.oecd.org Published On :: Tue, 18 Sep 2018 11:00:00 GMT Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a new OECD report. Full Article
ee OECD releases 2017 global mutual agreement procedure statistics By www.oecd.org Published On :: Wed, 10 Oct 2018 15:00:00 GMT Members of the Inclusive Framework on BEPS have committed to report their MAP statistics pursuant to an agreed reporting framework and to publish them on a yearly basis. The 2017 MAP statistics are now available covering 85 jurisdictions and almost all MAP cases worldwide. They contain detailed information on each jurisdiction as well as aggregated global information. Full Article
ee Papua New Guinea and OECD agree new 'Tax Inspectors Without Borders' partnership By www.oecd.org Published On :: Thu, 18 Oct 2018 12:00:00 GMT The OECD and Papua New Guinea's Internal Revenue Commission agreed today to gear up efforts to tackle tax base erosion and profit shifting by multinational enterprises in Papua New Guinea, through participation in the OECD/UNDP Tax Inspectors Without Borders initiative. Full Article
ee 11th Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, 20-22 November 2018, in Punta del Este, Uruguay By www.oecd.org Published On :: Mon, 12 Nov 2018 14:55:00 GMT Global cooperation to fight tax evasion and avoidance has grown rapidly over the past few years. Tax Transparency and Exchange of Information between tax authorities about financial assets and activities of their taxpayers abroad has proved to be a valuable tool in this fight. Full Article
ee OECD invites taxpayer input on seventh batch of Dispute Resolution peer reviews By www.oecd.org Published On :: Thu, 15 Nov 2018 11:00:00 GMT The OECD is gathering input for the Stage 1 peer reviews of Brazil, Bulgaria, China (People's Republic of), Hong Kong (China), Indonesia, Papua New Guinea, Russian Federation and Saudi Arabia, and invites taxpayers to submit input on specific issues relating to access to MAP, clarity and availability of MAP guidance and the timely implementation of MAP agreements for each of these jurisdictions using the taxpayer input questionnaire. Full Article
ee Asian and Pacific economies: decreases in tax revenue highlight need to broaden tax bases By www.oecd.org Published On :: Thu, 29 Nov 2018 03:00:00 GMT This new report shows that tax-to-GDP ratios fell in most of the 16 Asian and Pacific economies covered by the report between 2015-16 due to a combination of policy reforms and decreasing natural resource prices. Full Article
ee Qatar signs landmark agreement to strengthen its tax treaties By www.oecd.org Published On :: Tue, 04 Dec 2018 11:00:00 GMT Today, Qatar signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 85th jurisdiction to join the Convention, which now covers nearly 1,500 bilateral tax treaties. Full Article
ee Transparency on tax rulings significantly increased, according to OECD peer reviews on BEPS Action 5 minimum standard By www.oecd.org Published On :: Thu, 13 Dec 2018 11:00:00 GMT As part of continuing efforts to improve tax transparency, the Inclusive Framework on BEPS has now assessed 92 individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. Full Article
ee Belize signs landmark agreement to strengthen its tax treaties and Monaco deposits its instrument of ratification for the Multilateral BEPS Convention By www.oecd.org Published On :: Fri, 11 Jan 2019 14:00:00 GMT Belize has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS, becoming the 86th jurisdiction to join the Convention, which now covers almost 1500 bilateral tax treaties. Yesterday, Monaco deposited its instrument of ratification for the Convention with the OECD’s Secretary-General. Full Article
ee OECD releases BEPS peer review reports on improving tax dispute resolution mechanisms and preventing treaty shopping By www.oecd.org Published On :: Thu, 14 Feb 2019 11:00:00 GMT Progress continues with the implementation of the BEPS package, as the OECD releases additional peer review reports assessing countries’ efforts to implement the Action 6 and Action 14 minimum standards as agreed under the OECD/G20 BEPS Project. Full Article
ee OECD invites taxpayer input on eighth batch of dispute resolution peer reviews By www.oecd.org Published On :: Tue, 19 Feb 2019 11:00:00 GMT The OECD is now gathering input for the BEPS Action 14 Stage 1 peer reviews of Brunei, Curaçao, Guernsey, Isle of Man, Jersey, Monaco, San Marino and Serbia, and invites taxpayers to submit input on specific MAP-related issues by 19 March 2019. Full Article
ee Leading global tax administrations agree collective actions on tax certainty, co-operation and digital transformation By www.oecd.org Published On :: Thu, 28 Mar 2019 18:00:00 GMT The Forum on Tax Administration (FTA), the 53 leading global tax administrations, met in Chile on 26-28 March and agreed an ambitious agenda focused on tax certainty, enhanced tax co-operation and the collective challenges of digital transformation. Full Article
ee Albania signs landmark agreement to strengthen its tax treaties By www.oecd.org Published On :: Tue, 28 May 2019 10:00:00 GMT Today, Albania signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 88th jurisdiction to join the Convention, which now covers almost 1,530 bilateral tax treaties. Full Article
ee International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy By www.oecd.org Published On :: Fri, 31 May 2019 12:00:00 GMT The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced today. Full Article
ee OECD strengthens co-operation with Morocco – Renews Morocco Country Programme Agreement By www.oecd.org Published On :: Tue, 25 Jun 2019 12:00:00 GMT The OECD and the Government of the Kingdom of Morocco signed today a Memorandum of Understanding to renew the Country Programme, for a period of three years, to support Morocco’s reform agenda. Full Article
ee Morocco signs landmark agreement to strengthen its tax treaties By www.oecd.org Published On :: Tue, 25 Jun 2019 12:30:00 GMT Today, Morocco signed the BEPS MLI, becoming the 89th jurisdiction to join the Convention, which now covers almost 1,530 bilateral tax treaties. Mr. Mohamed Benchaaboun, Minister of Economy and Finance of Morocco signed the Convention in the presence of Angel Gurría, Secretary-General of the OECD. Full Article
ee OECD invites taxpayer input on ninth batch of dispute resolution peer reviews By www.oecd.org Published On :: Mon, 15 Jul 2019 11:00:00 GMT The OECD is now gathering input for the Stage 1 peer reviews of Andorra, Anguilla, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia, and invites taxpayers to submit input on specific MAP-related issues by 12 August 2019. Full Article
ee OECD and Eurasian officials meet in Azerbaijan to discuss BEPS implementation and solutions to the tax challenges of digitalisation By www.oecd.org Published On :: Fri, 11 Oct 2019 11:00:00 GMT Over 70 delegates from 14 countries, as well as international and regional organisations, business, and civil society gathered in Baku, Azerbaijan on 8-10 October 2019 for the Fifth Regional Meeting on BEPS for Eurasian Countries. Full Article
ee OECD and Francophone African officials meet in Senegal to discuss BEPS implementation and solutions to the tax challenges of digitalisation By www.oecd.org Published On :: Fri, 18 Oct 2019 17:00:00 GMT Over 50 delegates from 13 African countries, as well as international and regional organisations, technical co-operation agencies, Senegalese business, civil society and academia gathered in Saly, Senegal, on 15-17 October 2019 for the Third Regional Meeting on BEPS for Francophone Countries. Full Article
ee OECD releases sixth round of BEPS Action 14 peer review reports on improving tax dispute resolution mechanisms By www.oecd.org Published On :: Thu, 24 Oct 2019 11:00:00 GMT The work on BEPS Action 14 continues with today's publication of the sixth round of stage 1 peer review reports. Each report assesses a country's efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project. Full Article
ee Bosnia and Herzegovina signs landmark agreement to strengthen its tax treaties By www.oecd.org Published On :: Wed, 30 Oct 2019 12:00:00 GMT Today, Bosnia and Herzegovina signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 90th jurisdiction to join the Convention, which now covers over 1 600 bilateral tax treaties. Full Article
ee OECD invites taxpayer input on tenth batch of dispute resolution peer reviews By www.oecd.org Published On :: Mon, 18 Nov 2019 11:00:00 GMT The OECD is now gathering input for the Stage 1 peer reviews of Andorra, Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, United Arab Emirates and Viet Nam, and invites taxpayers to submit input on specific MAP-related issues by 16 December 2019. Full Article
ee Africa: Urgent action needed to mobilise domestic resources as tax revenues plateau By www.oecd.org Published On :: Tue, 19 Nov 2019 15:01:00 GMT The average tax-to-GDP ratio for the 26 countries participating in the new edition of Revenue Statistics in Africa was unchanged at 17.2% for the third consecutive year in 2017. This was lower than the averages for Latin America and the Caribbean (LAC) at 22.8% and for the OECD at 34.2%, underlining the need for urgent action to enhance domestic revenue mobilisation in Africa. Full Article
ee Public consultation meeting on the Secretariat Proposal for a 'Unified Approach' under Pillar One By www.oecd.org Published On :: Thu, 21 Nov 2019 09:00:00 GMT As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD is seeking public comments on a Secretariat Proposal for a “Unified Approach” under Pillar One. This public consultation meeting will focus on the key questions identified in the consultation document and issues raised in the written submissions received as part of the consultation process. Full Article
ee Tax officials and stakeholders from Asia-Pacific meet in the Philippines to discuss proposals to address the tax challenges of the digitalisation of the economy By www.oecd.org Published On :: Fri, 22 Nov 2019 11:00:00 GMT A regional meeting on tax and digitalisation for Asia and the Pacific , co-hosted by the Asian Development Bank (ADB) in collaboration with the Organisation for Economic Co-operation and Development (OECD), took place in Manila, the Philippines on 19-20 November 2019. Full Article