tax OECD supports APEC Economies in fight against tax crime By www.oecd.org Published On :: Mon, 14 Oct 2019 11:00:00 GMT In response to a request from the APEC Finance Ministers, the OECD today presented the report Combatting Tax Crimes More Effectively in APEC Economies at the APEC meetings underway in Santiago, Chile. Full Article
tax 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
tax 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
tax Jordan joins the Global Forum on Tax Transparency and the Inclusive Framework on BEPS By www.oecd.org Published On :: Tue, 29 Oct 2019 09:35:00 GMT Jordan joins the international fight against tax evasion by becoming the 158th member of the Global Forum. Full Article
tax 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
tax OECD releases guidance on the spontaneous exchange by no or only nominal tax jurisdictions By www.oecd.org Published On :: Thu, 31 Oct 2019 15:00:00 GMT As part of BEPS Action 5 to curb harmful tax practices, jurisdictions may only maintain preferential regimes if certain "substantial activities" requirements are met. In order to ensure a level playing field, these requirements must also apply to jurisdictions with zero or only nominal tax rates. Full Article
tax OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting By www.oecd.org Published On :: Tue, 05 Nov 2019 16:00:00 GMT 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). Full Article
tax Global Forum on tax transparency reveals compliance ratings for further eight jurisdictions By www.oecd.org Published On :: Tue, 12 Nov 2019 09:39:00 GMT The Global Forum published today eight peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). Full Article
tax 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
tax 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
tax 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
tax Armenia and Italy agree on OECD/UNDP Tax Inspectors Without Borders partnership to combat international tax avoidance and evasion By www.oecd.org Published On :: Mon, 25 Nov 2019 17:30:00 GMT A signing ceremony between the Italian Revenue Agency (Agenzia delle Entrate) and the State Revenue Committee of Armenia took place at the OECD today, establishing work plans for two assistance programmes initiated through Tax Inspectors Without Borders (TIWB) – a joint OECD/UNDP capacity building initiative. Full Article
tax Effective use of Automatic Exchange of information – a role for Tax Inspectors Without Borders By www.oecd.org Published On :: Tue, 26 Nov 2019 11:00:00 GMT Today marks an important milestone for the OECD/UNDP Tax Inspectors Without Borders initiative (TIWB) with the launch of a project on automatic exchange of information. The project, which will be co-ordinated with the Global Forum on Transparency and Exchange of Information for Tax Purposes, was unveiled during its 10th Anniversary Meeting in Paris, France. Full Article
tax International community has achieved unprecedented success fighting offshore tax evasion By www.oecd.org Published On :: Tue, 26 Nov 2019 12:45:00 GMT On 26-27 November, the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris will bring together more than 500 delegates from 131 member jurisdictions for renewed discussions on efforts to advance the tax transparency agenda. Full Article
tax Kenya and Oman sign landmark agreement to strengthen their tax treaties By www.oecd.org Published On :: Tue, 26 Nov 2019 17:00:00 GMT Kenya and Oman have today signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 91st and 92nd jurisdictions to join the Convention, which now covers over 1630 bilateral tax treaties. Full Article
tax Benin, Bosnia and Herzegovina, Cabo Verde, Mongolia and Oman join the most powerful multilateral instrument against offshore tax evasion and avoidance By www.oecd.org Published On :: Wed, 27 Nov 2019 15:00:00 GMT On the occasion of the 10th Plenary Meeting of the Global Forum a further five countries signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, therewith bringing the total number of participating in the Convention to 135. Full Article
tax Tax revenues have reached a plateau By www.oecd.org Published On :: Thu, 05 Dec 2019 11:00:00 GMT Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. Full Article
tax Jordan signs landmark agreement to strengthen its tax treaties By www.oecd.org Published On :: Thu, 19 Dec 2019 11:00:00 GMT Jordan has today signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 93rd jurisdiction to join the Convention, which now covers over 1,653 bilateral tax treaties. Full Article
tax BEPS Action 5 minimum standard: Transparency on tax rulings continues to increase By www.oecd.org Published On :: Mon, 23 Dec 2019 11:00:00 GMT As part of continuing efforts to address BEPS concerns, the Inclusive Framework on BEPS has now assessed 112 jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. Full Article
tax OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting By www.oecd.org Published On :: Mon, 23 Dec 2019 11:30:00 GMT 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). Full Article
tax New OECD self-assessment tool to help tax administrations tackle tax debt and reduce administrative burdens By www.oecd.org Published On :: Mon, 23 Dec 2019 12:00:00 GMT 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. Full Article
tax Viet Nam and Palau join the Global Forum on Tax Transparency By www.oecd.org Published On :: Fri, 24 Jan 2020 11:00:00 GMT Viet Nam and Palau join the international fight against tax evasion by becoming the 159th and 160th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
tax OECD and IOTA join forces in promoting stronger tax systems By www.oecd.org Published On :: Tue, 28 Jan 2020 12:00:00 GMT The Organisation for Economic Co-operation and Development (OECD) and the Intra-European Organisation of Tax Administrations (IOTA) signed the renewal of a Memorandum of Understanding (MOU) for Co-operation between both Parties. Full Article
tax North Macedonia signs landmark agreement to strengthen its tax treaties By www.oecd.org Published On :: Wed, 29 Jan 2020 10:00:00 GMT North Macedonia has today signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 94th jurisdiction to join the Convention, which now covers over 1,650 bilateral tax treaties. Full Article
tax Togo joins international efforts against tax evasion and avoidance By www.oecd.org Published On :: Thu, 30 Jan 2020 16:30:00 GMT Today, at the OECD Headquarters in Paris, Calixte Batossie Madjoulba, Ambassador of Togo in France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Deputy Secretary-General Ludger Schuknecht. Togo is the 136th jurisdiction to join the Convention. Full Article
tax International community renews commitment to multilateral efforts to address tax challenges from digitalisation of the economy By www.oecd.org Published On :: Fri, 31 Jan 2020 10:00:00 GMT The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and will continue working toward an agreement by the end of 2020, according to the Statement by the Inclusive Framework on BEPS released by the OECD today. Full Article
tax OECD Tax Talks #14 By www.oecd.org Published On :: Fri, 31 Jan 2020 14:00:00 GMT With a number of important recent and upcoming developments in the OECD's international tax work, experts from the OECD's Centre for Tax Policy and Administration give the latest tax update. Full Article
tax Global Forum and World Bank support Madagascar in implementing the international tax transparency standards By www.oecd.org Published On :: Mon, 10 Feb 2020 11:01:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) and the World Bank carried out a technical assistance mission in Antananarivo on 20-24 January 2020 to assist Madagascar in the implementation of the international tax transparency standards. Full Article
tax Global Forum and Asian Development Bank delivered a training in Georgia on the implementation of the international tax transparency standards By www.oecd.org Published On :: Thu, 13 Feb 2020 13:00:00 GMT The Global Forum and the Asian Development Bank held a joint training event on the Exchange of Information on Request Peer Reviews and Implementation of the Automatic Exchange of Information Standard from 17 January to 31 January 2020 in Tbilisi, Georgia. Full Article
tax Mali joins the Global Forum on Tax Transparency By www.oecd.org Published On :: Thu, 13 Feb 2020 14:00:00 GMT Mali joins the international fight against tax evasion by becoming the 161st member of the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
tax OECD presents analysis showing significant impact of proposed international tax reforms By www.oecd.org Published On :: Thu, 13 Feb 2020 15:00:00 GMT New economic analysis shows that a proposed solution to the tax challenges arising from the digitalisation of the economy under negotiation at the OECD would have a significant positive impact on global tax revenues. Full Article
tax OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Riyadh, Saudi Arabia) - February 2020 By www.oecd.org Published On :: Fri, 14 Feb 2020 11:00:00 GMT Part I reports on the activities in the OECD's international tax agenda, in particular the progress made in addressing the tax challenges arising from the digitalisation of the economy. It also provides an update on G20 tax deliverables including tax transparency, implementation of BEPS measures & capacity building to support developing countries. Part II reports on the activities of the Global Forum. Full Article
tax OECD releases IT-tools to support the implementation of TRACE and the wider exchange of tax information By www.oecd.org Published On :: Tue, 25 Feb 2020 16:00:00 GMT Today, the OECD released IT-formats and guidance to support the technical implementation of the OECD Treaty Relief and Compliance Enhancement (TRACE) initiative, as well as to facilitate the wider use of the OECD Common Transmission System (CTS) for the exchange of information between tax administrations. Full Article
tax The Global Forum and Italy support Albania in the implementation of automatic exchange of tax information By www.oecd.org Published On :: Wed, 26 Feb 2020 15:27:00 GMT The Global Forum and the Italian Revenue Agency carried out an onsite visit in Tirana to assist Albania with the implementation of the international standard of automatic exchange of financial account information (AEOI). Full Article
tax Thank you for following OECD tax on Twitter By www.oecd.org Published On :: Wed, 11 Mar 2020 20:38:00 GMT 20% off for 20 days to celebrate 20k Twitter followers! Full Article
tax Despite recent reforms, Seychelles needs a fairer and more sustainable tax system says OECD By www.oecd.org Published On :: Thu, 12 Mar 2020 08:00:00 GMT OECD Tax Policy Reviews: Seychelles 2020 provides an in-depth and comparative assessment of Seychelles’ tax system, and identifies a number of recommendations for tax reform. This publication, which is part of the OECD Tax Policy Reviews series, focused primarily on the examination of the business tax. Full Article
tax Coronavirus (Covid-19): Update on OECD tax work By www.oecd.org Published On :: Tue, 17 Mar 2020 18:58:00 GMT Due to the developing coronavirus emergency, the OECD has implemented a range of precautionary measures at its Paris headquarters. Multilateral efforts to address the tax challenges arising from digitalisation of the economy continue. The OECD Secretariat team is working full steam on the project and meetings with delegates are being held remotely. Full Article
tax First meeting of the Global Forum’s peer review group on the effective implementation of automatic exchange of tax information By www.oecd.org Published On :: Thu, 19 Mar 2020 13:37:00 GMT Comprised of 34 Global Forum members, the Automatic Exchange of Information Peer Review Group (APRG) held its first meeting on 16-18 March 2020 to discuss key issues in ensuring that jurisdictions are putting in place what is required to deliver an effective AEOI Standard, as well as how the recent developments in relation to Covid-19 might impact expectations. Full Article
tax Emergency tax policy responses to the Covid-19 pandemic By oecd.dam-broadcast.com Published On :: Fri, 20 Mar 2020 18:00:00 GMT These potential measures, which are not recommendations, are intended to assist policymakers as they respond in their own national context. Full Article
tax Tax administration responses to Covid-19: support for taxpayers By oecd.dam-broadcast.com Published On :: Fri, 20 Mar 2020 18:00:00 GMT 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. Full Article
tax Tax in the time of COVID-19 By www.oecd-forum.org Published On :: Mon, 23 Mar 2020 08:09:00 GMT As we navigate through this global crisis, one of the few certainties is that tax policy will play an important role in the immediate response of governments to support individuals and businesses, as well as in future rounds of policy action, including to rebuild our economies, which will ultimately take place once the health crisis has been contained. Full Article
tax The economy has changes, so must the tax By www.businessandindustry.co.uk Published On :: Mon, 30 Mar 2020 10:00:00 GMT In our modern world, companies are finding it all too easy to game the international tax system to their advantage . It is increasingly incumbent on the global community to create an updated framework to ensure tax certainty and support international trade and investment. Full Article
tax Tackling the coronavirus: OECD Forum on Tax Administration publishes actions that tax administrations are currently taking to support taxpayers By www.oecd.org Published On :: Tue, 31 Mar 2020 10:00:00 GMT 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. Full Article
tax Platform for Collaboration on Tax: International organisations move to help developing countries improve tax systems By www.oecd.org Published On :: Tue, 31 Mar 2020 16:00:00 GMT 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. Full Article
tax Tackling the coronavirus: OECD Forum on Tax Administration publishes advice on business continuity considerations for tax administrations By www.oecd.org Published On :: Tue, 07 Apr 2020 11:00:00 GMT 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. Full Article
tax Tax and fiscal policy should continue to support households and businesses through containment, then shift to bolstering recovery By www.oecd.org Published On :: Wed, 15 Apr 2020 12:00:00 GMT Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis. Full Article
tax Consumption tax revenues under COVID-19: Lessons from the 2008 global financial crisis By www.oecd-forum.org Published On :: Wed, 29 Apr 2020 17:00:00 GMT As a result of COVID-19, public life has come to a sudden halt and consumer spending is plummeting. How will this crisis and the policy actions taken in response affect tax revenues? And what lessons can be learned from the previous global financial crisis? Full Article
tax New OECD data provides a baseline for measuring the impact of COVID-19 on labour taxes By www.oecd.org Published On :: Thu, 30 Apr 2020 10:00:00 GMT Labour taxes on the average worker across OECD countries continued to decline for the sixth consecutive year in 2019, according to a new OECD report. Full Article
tax Database: Tax Policy Measures in Response to Covid-19 Pandemic By www.oecd.org Published On :: Sat, 02 May 2020 08:54:00 GMT Latest data on tax policy measures taken by governments so far in response to the coronavirus pandemic. Full Article
tax Tax and fiscal policies central to governments’ responses to Covid-19 crisis By www.oecd.org Published On :: Mon, 04 May 2020 12:10:00 GMT With global economic activity facing a historic drop and government spending rising dramatically, the implications of the Covid-19 crisis on public finances and tax revenues are significant. Full Article