BEPS

Progress continues with the implementation of the BEPS package to tackle international tax avoidance, as the OECD releases the latest peer review report assessing jurisdictions' efforts to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project: Prevention of Tax Treaty Abuse – Third Peer Review Report on Treaty Shopping (Inclusive Framework on BEPS: Action 6, OECD/G20 Base Erosion and Profit Shifting ...
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On 1 April 2021, the OECD released the latest peer review report assessing jurisdictions' efforts to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project: Prevention of Tax Treaty Abuse – Third Peer Review Report on Treaty Shopping (Inclusive Framework on BEPS: Action 6, OECD/G20 Base Erosion and Profit Shifting Project, OECD Publishing, Paris). The release was announced with a press ...
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On 1 April 2021, the OECD released the latest peer review report assessing jurisdictions' efforts to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project: Prevention of Tax Treaty Abuse – Third Peer Review Report on Treaty Shopping (Inclusive Framework on BEPS: Action 6, OECD/G20 Base Erosion and Profit Shifting Project, OECD Publishing, Paris). The release was announced with a press ...
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On 25 March 2021, the OECD, in its capacity as Depositary of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI), has published the Arbitration Profiles of 30 jurisdictions applying Part VI on Arbitration of the MLI and an opinion of the Conference of the Parties to the MLI. This has been announced with a press release on the website of ...
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On Wednesday 31 March 2021, twelve no or only nominal tax jurisdictions began their first tax information exchanges under the Forum on Harmful Tax Practice’s (FHTP) global standard on substantial activities. The standard ensures that mobile business income can no longer be parked in a low tax jurisdiction without the core business functions being carried out from that jurisdiction and that the countries where the parent entities and beneficial owners ...
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On 26 February 2021, the OECD has published the “OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors – Italy February 2021”. Click here to go to the report on the website of the OECD. CFN-bericht nr. 20210305-13 BRONDOCUMENT (link to the report on the website of the OECD) Zie ook: CFN van 16 oktober 2020: OECD presents international tax update to G20 Finance Ministers. BRON: www.oecd.org ...
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In order to maintain and further improve transparency on tax rulings, the OECD/G20 Inclusive Framework on BEPS, which groups over 135 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules, approved the process for the BEPS Action 5 peer review of the transparency framework for the years 2021 to 2025. This has been announced by the OECD with a press release dated 22 February 2021 ...
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On 16 February 2021 the OECD released the final batch of the stage 1 peer review reports for BEPS Action 14 on dispute resolution mechanisms. The stage 1 peer review assessments for Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, United Arab Emirates and Viet Nam evaluate the efforts made by each jurisdiction to implement the Action 14 minimum standard of the OECD/G20 BEPS Project, which aims to improve the resolution of tax-related disputes between jurisdictions ...
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On 22 February 2021, the Council of the European Union (EU) adopted conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, deciding to add Dominica to the EU list of non-cooperative jurisdictions (Annex I of the conclusions) and to remove Barbados from that list. This has been announced with a press release dated 22 February 2021 on the website of the European Commission. Furthermore from the press ...
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On 16 February 2021 the OECD released the final batch of the stage 1 peer review reports for BEPS Action 14 on dispute resolution mechanisms, including the stage 1 peer review assessment for Aruba. This has been announced by the OECD with a press release dated 16 February 2021 on the occasion of the release of the peer review reports. The reports evaluate the efforts made by each jurisdiction to implement ...
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Bij brief d.d. 21 januari 2021 aan de minister van Financiën van Curaçao heeft het College financieel toezicht Curaçao en Sint Maarten (Cft) advies uitgebracht bij de vastgestelde begroting 2021 van Curaçao. Het advies bevat vanzelfsprekend ook belastinggerelateerde passages. Hierna nemen wij enkele relevante passages op. De Landsverordening van de 29ste december 2020 tot vaststelling van de begroting van Curaçao voor het dienstjaar 2021 werd op 30 december 2020 uitgegeven ...
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On 21 December 2020, Barbados 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), which now covers over 1700 bilateral tax treaties, thus underlining its strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises. For Barbados, the MLI will enter into force on ...
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Op 18 januari 2021 is de ontwerpwet tot wijziging van enkele belastingwetten (Fiscale verzamelwet 2022) aangeboden aan de Tweede Kamer der Staten-Generaal. Klik hier voor een pdf van de Memorie van Toelichting (MvT) bij het ontwerp. In het ontwerp wordt onder meer voorzien in het opnemen van een algemene antimisbruikmaatregel in de Wet op de internationale bijstandsverlening bij de heffing van belastingen (WIB). De algemene antimisbruikmaatregel wordt opgenomen naar aanleiding ...
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Op 30 december 2020 is de Landsverordening van de 29ste december 2020 tot vaststelling van de begroting van Curaçao voor het dienstjaar 2021 uitgegeven en geplaatst in het Publicatieblad van Curaçao, jaargang 2020, no. 159 (P.B. 2020 no. 159). De ontwerp-landsverordening werd op 23 december 2020 behandeld in een hervatte openbare vergadering van de Staten van Curaçao (klik hier voor de oproep voor de hervatting van de vergadering). Op 23 ...
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Op 15 en 17 december jl. zijn nota’s van wijziging met betrekking tot de ontwerplandsverordening tot wijziging van de Begroting van Curaçao voor het dienstjaar 2021 aangeboden aan de Staten. Hierbij zetten wij de beide nota’s van wijziging naar u door: klik hier voor de (eerste) nota van wijziging en hier voor de tweede nota van wijziging. Beide nota’s van wijziging betreffen wijzigingen van de recapitulatiestaten, van de gewone dienst ...
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As part of the ongoing work to develop a solution to the tax challenges of the digitalisation of the economy, the OECD/G20 Inclusive Framework on BEPS invited public comments on the Reports on the Pillar One and Pillar Two Blueprints. The OECD is grateful to the commentators for their input and now publishes the public comments received. This has been announced by the OECD in a press release dated 16 December 2020 ...
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The OECD has published jurisdiction-specific information on the implementation of the hard-to-value intangibles ("HTVI") approach. To date, 40 jurisdictions have provided information on whether their domestic legal system provides for transfer pricing rules aimed at transactions involving HTVI. This has been announced by the OECD in a press release dated 16 December 2020. Furthermore from the press release: The publication of this information is part of the monitoring process of the implementation ...
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As part of continuing efforts to improve tax transparency, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has reviewed the progress made by 124 jurisdictions in spontaneously exchanging information on tax rulings, in accordance with the BEPS Action 5 minimum standard. The conclusions show that transparency on tax rulings is now a fully-entrenched part of the international tax framework, with 20 000 tax rulings having been identified and 36 000 ...
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As part of continuing efforts to improve tax transparency, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has reviewed the progress made by 124 jurisdictions in spontaneously exchanging information on tax rulings, in accordance with the BEPS Action 5 minimum standard. The conclusions show that transparency on tax rulings is now a fully-entrenched part of the international tax framework, with 20 000 tax rulings having been identified and 36 000 ...
LEES VERDER

As part of continuing efforts to improve tax transparency, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has reviewed the progress made by 124 jurisdictions in spontaneously exchanging information on tax rulings, in accordance with the BEPS Action 5 minimum standard. The conclusions show that transparency on tax rulings is now a fully-entrenched part of the international tax framework, with 20 000 tax rulings having been identified and 36 000 ...
LEES VERDER

As part of continuing efforts to improve tax transparency, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has reviewed the progress made by 124 jurisdictions in spontaneously exchanging information on tax rulings, in accordance with the BEPS Action 5 minimum standard. The conclusions show that transparency on tax rulings is now a fully-entrenched part of the international tax framework, with 20 000 tax rulings having been identified and 36 000 ...
LEES VERDER

As part of continuing efforts to improve tax transparency, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has reviewed the progress made by 124 jurisdictions in spontaneously exchanging information on tax rulings, in accordance with the BEPS Action 5 minimum standard. The conclusions show that transparency on tax rulings is now a fully-entrenched part of the international tax framework, with 20 000 tax rulings having been identified and 36 000 ...
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Hierbij zetten wij de op 7 december 2020 door de Minister van Financiën aan de Staten van Curaçao aangeboden Nota naar aanleiding van het Verslag inzake ontwerplandsverordening tot vaststelling van de Begroting (Beleidsdeel) van Curaçao voor het dienstjaar 2021 (zittingsjaar 2020-2021-170, Statenstuk no. 4) naar u door. De ontwerplandsverordening zal op vrijdag 11 december a.s. om 09:00 uur worden behandeld tijdens een gewone vergadering van de Staten, zo blijkt uit ...
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On 23 November 2020, the OECD Secretary-General Tax Report to G20 Leaders was presented during the November 2020 meeting in Saudi Arabia. Click here to go to the report (pdf) on the website of the OECD. This report contains two parts. Part I reports on the activities and achievements in the OECD’s international tax agenda. Part II reports on the activities and achievements of the Global Forum on Transparency and ...
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As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework), the OECD secretariat is seeking public comments on the 2020 review of BEPS Action 14. This was announced by the OECD in a press release dated 18 November 2020. Furthermore from the press release: Background In October 2015 the final report on Action 14 Making Dispute Resolution Mechanisms More Effective was published, containing a minimum standard (the ...
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As part of the BEPS Action 14 minimum standard and the wider G20/OECD tax certainty agenda to improve the effectiveness and timeliness of tax-related dispute resolution mechanisms, the OECD released on 18 November 2020 the latest mutual agreement procedure (MAP) statistics covering 105 jurisdictions and almost all MAP cases worldwide. This was announced by the OECD in a press release dated 18 November 2020. Furthermore from the press release: The 2019 ...
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Jurisdictions continue making progress in countering harmful tax practices, as contemplated in the BEPS Action 5 Minimum Standard, with the OECD/G20 Inclusive Framework on BEPS now having approved the outcomes of the 2020 reviews by the OECD Forum on Harmful Tax Practices (FHTP). This was announced by the OECD in a press release dated 23 November 2020, which press release contains a hyperlink to a document “Harmful Tax Practices – Peer Review ...
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The OECD Forum on Harmful Tax Practices (FHTP) has published its BEPS Action 5 Update (as of November 2020) with the results of the 2020 peer reviews as established in the October 2020 meeting and has expressed that Aruba tax regimes now in line with the BEPS Action 5 Minimum Standard. This was announced by the OECD in a press release dated 23 November 2020, which press release contains a hyperlink ...
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The OECD Forum on Harmful Tax Practices (FHTP) has published its BEPS Action 5 Update (as of November 2020) with the results of the 2020 peer reviews as established in the October 2020 meeting and has expressed that Aruba tax regimes now in line with the BEPS Action 5 Minimum Standard. This was announced by the OECD in a press release dated 23 November 2020, which press release contains a hyperlink ...
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Hierbij zetten wij het verslag van 13 november 2020 van de centrale commissievergadering van de Staten van 12 oktober 2020 (en verder) inzake Landsverordening tot vaststelling van de Begroting (Beleidsdeel) van Curaçao voor het dienstjaar 2021 (zittingsjaar 2020-2021-170, Statenstuk no. 4) nar u door. Voor eventuele reacties inzake belastingaspecten wachten wij de Nota naar aanleiding van het Verslag af. De ontwerplandsverordening werd op dinsdag 8 september 2020 door de Minister ...
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