Tax challenges of digitalisation: OECD invites public input on the regulated financial services exclusion under Amount A of Pillar One

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Regulated Financial Services Exclusion under Amount A of Pillar One. This has been announced on 6 May 2022 with a news release on the website of the OECD. Further from the news ...
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Tax challenges arising from digitalisation: Public comments received on the extractives exclusion under Pillar One Amount A

The OECD has published the public comments received on on the Extractives Exclusion under Pillar One Amount A to assist members in further refining and finalising the relevant rules. This has been announced on 3 May 2022 with a news release on the website of the OECD. On 14 April 2022, interested parties were invited to provide comments on said Extractives Exclusion under Pillar One Amount A. CFN-artikelnummer 20220506-19 BRONDOCUMENT (link to the news release ...
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Tax challenges arising from digitalisation: Public comments received on the draft rules for scope under Pillar One Amount A

The OECD has published the public comments received on the Draft Model Rules for Domestic Legislation on Scope under Pillar One Amount A to assist members in further refining and finalising the relevant rules. This has been announced on 22 April 2022 with a news release on the website of the OECD. On 4 April 2022, interested parties were invited to provide comments on said the Draft Model Rules. CFN-artikelnummer 20220429-12 BRONDOCUMENT (link to the news ...
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Making tax dispute resolution more effective: New peer review assessments for inter alia Bahamas, Bermuda, British Virgin Islands and Cayman Islands

Under BEPS Action 14, jurisdictions have committed to implement a minimum standard to improve the resolution of tax-related disputes between jurisdictions. Despite the significant disruption caused by the ongoing COVID-19 pandemic and the necessity to hold all meetings virtually, work has continued with the release on Thursday 14 April 2022, of the Stage 2 peer review monitoring reports for Andorra, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia. This has been announced by the ...
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Tax challenges of digitalisation: OECD invites public input on extractives exclusion under Amount A of Pillar One

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Extractives Exclusion under Amount A of Pillar One. This has been announced on 14 April 2022 with a news release on the website of the OECD. Further from the news release: The Extractives Exclusion ...
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Tax challenges of digitalisation: Public comments received on the Implementation Framework of the global minimum tax

The OECD has published the public comments received on the Implementation Framework of the global minimum tax. This has been announced on 13 April 2022 with a news release on the website of the OECD. On 14 March 2022, interested parties were invited to provide comments on the Implementation Framework of the global minimum tax. CFN-artikelnummer 20220415-14 BRONDOCUMENT (link to the news release dated 13 April 2022 on the website of the ...
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Multilateraal Instrument (MLI) en Nederlandse belastingverdragen: stand van zaken per 1 april 2022 (Nederland)

Op 5 april 2022 heeft het (Nederlandse) Ministerie van Financiën het schema inzake het Multilateraal Instrument (MLI) en Nederlandse belastingverdragen met de stand van zaken per 1 april 2022 gepubliceerd op rijksoverheid.nl. In beginsel is het uitgangspunt dat dit schema elk kwartaal wordt geactualiseerd. Het MLI maakt het voor landen mogelijk op een snelle en efficiënte wijze hun belastingverdragen aan te passen om belastingontwijking tegen te gaan, zonder dat hiervoor ...
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Tax Challenges of Digitalisation: OECD invites public input on the draft rules for scope under Amount A of Pillar One

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Draft Model Rules for Domestic Legislation on Scope under Amount A of Pillar One. This has been announced on 4 April 2022 with a news release on the website of the OECD. Further from the ...
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New results on the prevention of tax treaty shopping show progress continues with the implementation of international tax avoidance measures

The implementation of the BEPS package to tackle international tax avoidance continues to progress, as the OECD releases the latest peer review report assessing the actions taken by jurisdictions to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project. This has been announced on 21 March 2022 with a news release on the website of the OECD. Further from the news ...
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Fourth Peer Review Report on Treaty Shopping (BEPS Action 6): No jurisdiction has raised any concerns about their agreements with Curaçao

The implementation of the BEPS package to tackle international tax avoidance continues to progress, as the OECD releases the latest peer review report assessing the actions taken by jurisdictions to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project. This has been announced on 21 March 2022 with a news release on the website of the OECD. Further from the news ...
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Fourth Peer Review Report on Treaty Shopping (BEPS Action 6): No jurisdiction has raised any concerns about Aruba

The implementation of the BEPS package to tackle international tax avoidance continues to progress, as the OECD releases the latest peer review report assessing the actions taken by jurisdictions to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project. This has been announced on 21 March 2022 with a news release on the website of the OECD. Further from the news ...
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Tax challenges of digitalisation: Public comments received on the draft rules for tax base determinations under Pillar One Amount A

The OECD has published the public comments received on the Draft Rules for Tax Base Determinations under Pillar One Amount A. This has been announced on 8 March 2022 with a news release on the website of the OECD. On 18 February 2022, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation ...
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Tax challenges of digitalisation: OECD invites public input on the Implementation Framework of the global minimum tax

On Monday, March 14, 2022, the OECD/G20 Inclusive Framework on BEPS released the Commentary on the GloBE Rules, which provides MNEs and governments with detailed and comprehensive technical guidance on the operation and intended outcomes under the rules. The next step in the work on the GloBE rules turns to the development of the Implementation Framework as agreed under the Detailed Implementation Plan set out in the October Statement. To inform the ...
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OECD releases detailed technical guidance on the Pillar Two model rules for 15% global minimum tax

Last Monday, March 14, 2022, the OECD/G20 Inclusive Framework on BEPS released further technical guidance on the 15% global minimum tax agreed in October 2021 as part of the two-pillar solution to address the tax challenges arising from digitalisation of the economy. The Commentary published today elaborates on the application and operation of the Global Anti-Base Erosion (GloBE) Rules agreed and released in December 2021. The GloBE Rules provide a co-ordinated system to ensure that Multinational ...
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Tax challenges arising from digitalisation: Public comments received on the draft rules for nexus and revenue sourcing under Pillar One Amount A

The OECD has published the public comments received on the Draft Rules for Nexus and Revenue Sourcing under Pillar One Amount A. This has been announced on 22 February 2022 with a news release on the website of the OECD. On 4 February 2022, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation ...
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OECD Secretary-General Tax Report presented to G20 Finance Ministers and Central Bank Governors (Indonesia, February 2022)

The OECD Secretary-General’s Tax Report with international tax updates has been presented to G20 Finance Ministers and Central Bank Governors (Indonesia, February 2022). Click here for a link to the report (pdf) on the website of the OECD. From the introduction to the report: Since October 2021 and the historic agreement reached on the two-pillar international tax package, the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS) - ...
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Tax challenges of digitalisation: OECD invites public input on the draft rules for tax base determinations under Amount A of Pillar One

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Draft Rules for Tax Base Determinations under Amount A of Pillar One. This has been announced on 18 February 2022 with a news release on the website of the OECD. Furthermore from ...
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OECD launches public consultation on the tax challenges of digitalisation with the release of a first building block under Pillar One

The OECD has launched the public consultation campaign on the tax challenges of digitalisation with the release of a first building block under Pillar One and invites public input on the draft rules for nexus and revenue sourcing under Pillar One amount A. This has been announced on Friday, February 4, 2022 with a news release on the website of the OECD and follows from information on this page on ...
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Fiche ‘Richtlijn minimumniveau aan belastingheffing’ aangeboden aan de Tweede Kamer

Op 28 januari 2022 heeft de Minister van Buitenlandse Zaken het fiche ‘Richtlijn minimumniveau aan belastingheffing’ aangeboden aan de Tweede Kamer der Staten-Generaal. Dit fiche betreft het EU Richtlijnvoorstel om een wereldwijd minimumniveau aan belastingheffing voor multinationals in de Europese Unie (EU) te waarborgen. Hierbij attenderen wij u op dit fiche. Overigens zijn door de minister van Financiën bij brief van 17 januari 2022 vragen beantwoord die de vaste commissie ...
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Countries continue the successful implementation of international standards on harmful tax practices and tax dispute resolution

Progress continues in combatting harmful tax practices and providing greater tax certainty. New outcomes on the review of preferential tax regimes and new peer review reports on Mutual Agreement Procedures have been approved by the OECD/G20 Inclusive Framework on BEPS, which groups over 140 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules. This has been announced by the OECD with a press release dated 24 ...
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Tax dispute resolution – MAP peer review report (Stage 2): Curaçao meets all of the elements of the Action 14 Minimum Standard and solved all of the identified deficiencies

New peer review reports on Mutual Agreement Procedures (MAP) have been approved by the OECD/G20 Inclusive Framework on BEPS, which groups over 140 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules. This has been announced by the OECD with a press release dated 24 January 2022 on the occasion of the release of the peer review reports. Curaçao The Stage 2 peer review monitoring ...
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OECD releases latest edition of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations

The OECD has released the 2022 edition of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. This has been announced on 20 January 2022 with a news release on the website of the OECD. Furthermore form the news release: The OECD Transfer Pricing Guidelines provide guidance on the application of the "arm’s length principle", which represents the international consensus on the valuation, for income tax purposes, of cross-border transactions between ...
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Multilateraal Instrument (MLI) en Nederlandse belastingverdragen: stand van zaken per 1 januari 2022 gepubliceerd (Nederland)

Op 27 december 2021 heeft het (Nederlandse) Ministerie van Financiën het schema inzake het Multilateraal Instrument (MLI) en Nederlandse belastingverdragen met de stand van zaken per 1 januari 2022, gepubliceerd op rijksoverheid.nl. In beginsel is het uitgangspunt dat dit schema elk kwartaal wordt geactualiseerd. Het Multilateraal Instrument (MLI) maakt het voor landen mogelijk op een snelle en efficiënte wijze hun belastingverdragen aan te passen om belastingontwijking tegen te gaan, zonder ...
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Europese Commissie stelt voor een einde te stellen aan het misbruik van lege entiteiten voor belastingdoeleinden binnen de EU (voorstel EU-richtlijn)

Op woensdag 22 december 2021 heeft de Europese Commissie een belangrijk initiatief gepresenteerd om het misbruik van lege entiteiten voor oneigenlijke belastingdoeleinden te bestrijden. Het voorstel moet ervoor zorgen dat entiteiten in de Europese Unie die geen of minimale economische activiteiten ontplooien, niet in aanmerking komen voor belastingvoordelen en geen financiële lasten voor de belastingbetaler met zich meebrengen. Dit zal ook het gelijke speelveld waarborgen voor de overgrote meerderheid van ...
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Europese Commissie stelt snelle omzetting van de internationale overeenkomst inzake minimumbelasting van multinationals voor (voorstel EU-richtlijn)

Op woensdag 22 december 2021 heeft de Europese Commissie een richtlijn voorgesteld die voorziet in een minimaal effectief belastingtarief voor de mondiale activiteiten van grote multinationale groepen. Hiermee realiseert de EU haar belofte om als eerste zeer snel werk te maken van de uitvoering van het recente historische mondiale akkoord over belastinghervorming, dat gericht is op eerlijkheid, transparantie en stabiliteit in het internationale kader voor de vennootschapsbelasting. Dit is bekendgemaakt ...
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OECD releases Pillar Two model rules for domestic implementation of 15% global minimum tax

Monday December 20th, 2021, the OECD published detailed rules to assist in the implementation of a landmark reform to the international tax system, which will ensure Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. This has been announced on 20 December 2021 with a news release on the website of the OECD. Furthermore from the news release. The Pillar Two model rules provide governments ...
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Over 130 jurisdictions comprehensively reviewed in the latest BEPS Action 5 peer review on tax rulings

Tuesday December 14th, 2021, the OECD/G20 Inclusive Framework on BEPS released the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings. The conclusions show that the global reach of the BEPS Action 5 minimum standard on tax rulings continues to increase, with 22 000 tax rulings having been identified and 41 000 exchanges between jurisdictions having taken place. The exchange on tax ...
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OECD releases new transfer pricing profiles for 21 countries

Monday December 13th, 2021, the OECD released the second batch of updated transfer pricing country profiles for Austria, Belgium, Bulgaria, France, Georgia, Germany, Indonesia, Ireland, Italy, Latvia, Malaysia, Mexico, Peru, Poland, Seychelles, Singapore, South Africa and Sweden. Monday’s release also includes for the first time country profiles for Albania, Kenya and the Maldives, bringing the total number of countries covered to 63. This has been announced on 13 December 2021 ...
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BEPS Action 5 peer review on tax rulings: Sint Maarten has met all aspects of the terms of reference for the calendar year 2020 that can be met in the absence of rulings being issued in practice, no recommendations are made (Sint Maarten)

Tuesday December 14th, 2021, the OECD/G20 Inclusive Framework on BEPS released the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings. The conclusions show that the global reach of the BEPS Action 5 minimum standard on tax rulings continues to increase, with 22 000 tax rulings having been identified and 41 000 exchanges between jurisdictions having taken place. The exchange on tax ...
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BEPS Action 5 peer review on tax rulings: Curaçao has met all aspects of the terms of reference for the year 2020 except for identifying rulings within the scope of the transparency framework and under which category of rulings they fall and completing exchanges of information on rulings in accordance with the timelines. Curaçao receives recommendations (Curaçao)

Tuesday December 14th, 2021, the OECD/G20 Inclusive Framework on BEPS released the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings. The conclusions show that the global reach of the BEPS Action 5 minimum standard on tax rulings continues to increase, with 22 000 tax rulings having been identified and 41 000 exchanges between jurisdictions having taken place. The exchange on tax ...
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