The Inclusive Framework on BEPS has released additional interpretative guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13).

Australia, France, Japan and the Slovak Republic have deposited their instrument of ratification or acceptance for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting with the OECD’s Secretary-General, therewith underlining their strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises.

The four partner organisations to the Platform for Collaboration on Tax (PCT) will discuss critical challenges and opportunities for mobilising domestic resources to meet countries’ development priorities, at the upcoming IMF-World Bank annual meetings in Bali, Indonesia.

The Global Forum published today seven peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR).

The Convention will enter into force for Jamaica on 1 March 2019 and will generally apply from 1 January 2020, although it may apply for earlier periods between signatories if agreed to and applies in relation to any period regarding criminal matters.

Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research.

OECD Deputy Secretary-General Ludger Schuknecht and Pascal Saint-Amans, Director of the Centre for Tax Policy and Administration, met today in Paris with Mr. Menno Snel, State Secretary for Finance in The Netherlands, for wide-ranging discussions on international co-operation in the field of taxation, notably as concerns tackling tax evasion.

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.

Today, the OECD, the South African Revenue Service (SARS) and National Treasury of South Africa (National Treasury) signed a Memorandum of Co-operation (MoC), agreeing to continue to work together in the area of taxation. The MOC is in place until December 2023.

Taxes paid by companies remain a key source of government revenues, especially in developing countries, despite the worldwide trend of falling corporate tax rates over the past two decades, according to a new report from the OECD.

On 5 March, Morocco and Cameroon launched a new TIWB South-South bilateral programme in Yaoundé. The programme, a first between two Francophone African countries, will see Moroccan tax audit experts providing support to Cameroon.

Today, the OECD and the United Arab Emirates signed a renewal of the Memorandum of Understanding agreeing to extend their collaboration in providing regional seminars on international taxation For a further three year, to 2021.

The OECD welcomes France's new programme on co-operative compliance, announced today. Co-operative compliance is an initiative for promoting better tax compliance developed by the OECD Forum on Tax Administration.

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 transparency and exchange of information on request (EOIR).

This report “A Beneficial Ownership Implementation Toolkit” – contains policy considerations that Global Forum member jurisdictions can use in implementing the legal and supervisory frameworks to identify and collect beneficial ownership information, which is now a requirement of the international tax transparency standards.

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.

The Kingdom of the Netherlands has deposited its instrument of acceptance and Georgia has deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD's Secretary-General, thus underlining its strong commitments to prevent the abuse of tax treaties and BEPS by multinational enterprises.

On 29 May 2019, the UAE deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (multilateral convention or MLI) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For the UAE, the MLI will enter into force on 1 September 2019.

The OECD is encouraging tax administrations around the globe to step up their efforts to support the fight against money laundering and terrorist financing with the launch of a handbook intended to raise the awareness of tax examiners, auditors, and investigators of the important role they can play in combatting these crimes.

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.

The Global Forum on Transparency and Exchange of Information for Tax Purposes published today nine peer review reports assessing compliance with the international standard on transparency and exchange of information on request.

Ecuador and Serbia have deposited their instruments of ratification for the multilateral Convention on Mutual Administrative Assistance in Tax Matters therewith underlining their strong commitment to join international efforts against tax evasion and avoidance. The Convention will enter into force on 1 December 2019 for Ecuador and Serbia.

The Platform for Collaboration on Tax – a joint initiative of the IMF, OECD, UN and World Bank Group – is seeking feedback from the public on a draft toolkit designed to help developing countries in the implementation of effective transfer pricing documentation requirements.

The OECD/G20 Inclusive Framework on BEPS has released additional interpretative guidance to give greater certainty to tax administrations and MNE Groups on the implementation and operation of Country-by-Country (CbC) Reporting (BEPS Action 13).

The Global Forum published today eight peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR).

The Inclusive Framework on BEPS has released additional interpretative guidance to give greater certainty to tax administrations and MNE Groups on the implementation and operation of Country-by-Country Reporting (BEPS Action 13).

The OECD today published two self-assessment maturity models on tax debt management and the reduction of compliance burdens, both critical areas for successful tax administration. Maturity models set out descriptions of capabilities and performance in a particular function or set of activities across a number of levels of increasing maturity, in the case of these models from an emerging to an aspirational level.

Today, Uruguay deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Uruguay, the MLI enters into force on 1 June 2020.

As part of the ongoing work of the Committee on Fiscal Affairs, the OECD is seeking public comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy.

On 28 February, Portugal deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Portugal, the MLI enters into force on 1 June 2020.

The Global Forum on Transparency and Exchange of Information for Tax Purposes visited the Headquarter of the African Development Bank (AfDB) on 3-4 February 2020 to discuss the tax transparency agenda in Africa.

Today, San Marino deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For San Marino, the MLI enters into force on 1 July 2020.

These suggestions are not recommendations but are intended to assist administrations globally in their consideration of appropriate measures in their own national contexts to help taxpayers during this difficult period.

In the light of the worsening global impacts of Covid-19 on individual taxpayers, businesses and the wider economy, the OECD Forum on Tax Administration (FTA) has today published a global reference document setting out actions that FTA tax administrations are currently taking to support taxpayers.

The world's four leading multilateral organisations working in the tax area have established their first integrated website containing information on how low- and middle-income countries can strengthen tax systems and mobilise the domestic revenue they need to address some of their urgent development challenges—including the COVID-19 pandemic.

The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today eight new peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR).

The OECD Forum on Tax Administration (FTA), in collaboration with the Intra-European Organisation of Tax Administrations (IOTA) and the Inter-American Center of Tax Administrations (CIAT), has today published a reference document on critical business continuity considerations for tax administrations in the context of the COVID-19 pandemic.

On 19 February 2020, interested parties were invited to provide comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy. The OECD is grateful to the commentators for their input and now publishes the public comments received

Today, Indonesia deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Indonesia, the MLI enters into force on 1 August 2020.

Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the Covid-19 pandemic.

Exports of (bop) - Copper Ores and Concentrates in Canada decreased to 289.50 CAD Million in March from 319.10 CAD Million in February of 2020. Exports of (bop) - Copper Ores and Concentrates in Canada averaged 135.80 CAD Million from 1988 until 2020, reaching an all time high of 481.70 CAD Million in November of 2015 and a record low of 5.60 CAD Million in October of 1999. This page includes a chart with historical data for Canada Exports of (bop) - Copper Ores And Concentrates.

Exports of (bop) - Iron Ores and Concentrates in Canada decreased to 468.90 CAD Million in March from 554.50 CAD Million in February of 2020. Exports of (bop) - Iron Ores and Concentrates in Canada averaged 190.82 CAD Million from 1988 until 2020, reaching an all time high of 709.40 CAD Million in August of 2019 and a record low of 37.20 CAD Million in September of 2004. This page includes a chart with historical data for Canada Exports of (bop) - Iron Ores And Concentrates.

Exports of (bop) - Metal Ores and Concentrates in Canada decreased to 842.10 CAD Million in March from 1020.30 CAD Million in February of 2020. Exports of (bop) - Metal Ores and Concentrates in Canada averaged 470.49 CAD Million from 1988 until 2020, reaching an all time high of 1098.40 CAD Million in August of 2019 and a record low of 146.60 CAD Million in February of 1993. This page includes a chart with historical data for Canada Exports of (bop) - Metal Ores And Concentrates.

Imports of (bop) - Nickel Ores and Concentrates in Canada increased to 68.50 CAD Million in March from 41.10 CAD Million in February of 2020. Imports of (bop) - Nickel Ores and Concentrates in Canada averaged 40.39 CAD Million from 1988 until 2020, reaching an all time high of 223.20 CAD Million in April of 2007 and a record low of 0 CAD Million in September of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Nickel Ores And Concentrates.

Imports of (bop) - Metal Ores and Concentrates in Canada decreased to 949.20 CAD Million in March from 960.90 CAD Million in February of 2020. Imports of (bop) - Metal Ores and Concentrates in Canada averaged 482.99 CAD Million from 1988 until 2020, reaching an all time high of 1297.30 CAD Million in December of 2018 and a record low of 81.80 CAD Million in September of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Metal Ores And Concentrates.

Temperature in Iraq decreased to 8.92 celsius in December from 16.21 celsius in November of 2015. Temperature in Iraq averaged 21.78 celsius from 1819 until 2015, reaching an all time high of 37.40 celsius in July of 2000 and a record low of 3.84 celsius in January of 1911. This page includes a chart with historical data for Iraq Average Temperature.

Employment Rate in Iraq decreased to 28.20 percent in 2018 from 43.20 percent in 2016. Employment Rate in Iraq averaged 44.06 percent from 2003 until 2018, reaching an all time high of 49.72 percent in 2006 and a record low of 28.20 percent in 2018. In Iraq, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Iraq Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Iraq decreased to 4.78 percent in 2016 from 4.86 percent in 2015. Deposit Interest Rate in Iraq averaged 6.80 percent from 2004 until 2016, reaching an all time high of 10.54 percent in 2008 and a record low of 4.78 percent in 2016. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Iraq.

The Gross Domestic Product (GDP) in Iraq contracted 1 percent in 2018 from the previous year. GDP Annual Growth Rate in Iraq averaged 7.04 percent from 1991 until 2018, reaching an all time high of 54.16 percent in 2004 and a record low of -56.40 percent in 1991. In Iraq, oil extraction is the most important sector of the economy and accounts for 55 percent of GDP. The services sector constitutes 33 percent of the output. Within services the largest segments are: community, social and personal services (13 percent of GDP); finance, insurance and real estate services (9 percent) and wholesale and retail trade and restaurants and hotels (7 percent). Manufacturing, construction and water and electricity production and distribution account for 8 percent of the wealth and agriculture, forestry, hunting and fishing for the remaining 4 percent. This page provides - Iraq GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Iraq remained unchanged at 7.90 percent in 2019 from 7.90 percent in 2018. Unemployment Rate in Iraq averaged 8.92 percent from 1991 until 2019, reaching an all time high of 10.30 percent in 1991 and a record low of 7.90 percent in 2014. In Iraq, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Iraq Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.