Suriname joins Global Forum on Transparency and Exchange of Information for Tax Purposes
Suriname joins the Global Forum on Transparency and Exchange of Information for Tax Purposes. This has been announced yesterday with a news release on the website of the OECD. The Global Forum’s membership represents a broad and diverse network of jurisdictions committed to combating tax evasion, enhancing international co-operation and strengthening domestic resource mobilisation through greater transparency. The addition of Suriname reflects the continuing momentum towards more transparent and effective tax ...
OECD releases data exchange formats for the global minimum tax and crypto reporting, with updated FAQs on CARF and CRS
As part of ongoing efforts to enhance tax transparency and improve international tax compliance, the OECD released two XML Schemas and associated User Guides to support the reporting and exchange of information under the Global Minimum Tax (GMT) and the Crypto-Asset Reporting Framework (CARF). This has been announced with a news release on the website of the OECD. It concerns: The GloBE Information Return (Pillar Two) Status Message XML Schema allows Competent ...
OECD Secretary-General welcomes pledge by 48 countries (including The Netherlands) to implement global tax transparency standard for crypto-assets by 2027 (Crypto-Asset Reporting Framework, CARF)
OECD Secretary-General Mathias Cormann welcomed the announcement on Friday November 10th, 2023, that 48 countries and jurisdictions intend to implement the OECD’s global tax transparency framework for the reporting and exchange of information with respect to crypto-assets by 2027. This has been announced in a news release on the website of the OECD. Further from the news release: “Today’s announcement of co‑ordinated international action on crypto-assets is a major step forward, marking ...
Public comments received on the Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard
The OECD has published the public comments received on the Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard. This has been announced on 2 May 2022 with a news release on the website of the OECD. On 22 March 2022, interested parties were invited to provide comments on said Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard. CFN-artikelnummer 20220506-20 BRONDOCUMENT (link to the news release dated 2 May ...
OECD seeks input on new tax transparency framework for crypto-assets and amendments to the Common Reporting Standard
On Tuesday, March 22, 2022, the OECD released a public consultation document concerning a new global tax transparency framework to provide for the reporting and exchange of information with respect to crypto-assets, as well as proposed amendments to the Common Reporting Standard (CRS) for the automatic exchange of financial account information between countries. The purpose of the consultation is to inform policy makers decisions on the possible adoption of any such framework ...