Eight FTA members kick off multilateral tax risk assurance programme to provide early certainty for tax administrations and MNEs
A pilot of a new FTA programme for the multilateral risk assessment of large MNE groups was launched at an event on 23 January 2018 in Washington DC, according to an announcement dated 23 January 2018 on the website of the OECD. The International Compliance Assurance Programme (ICAP) is a pilot for a voluntary programme that will use CbC Reports and other information to facilitate open and co-operative multilateral engagements ...
BEPS Action 13: Jurisdictions implement final regulations for first filings of CbC Reports, with over 1400 bilateral relationships now in place for the automatic exchange of CbC information
Yesterday, a further important step was taken to implement Country-by-Country (CbC) Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA"), according to an announcement dated 21 December 2017 on the website of the OECD. For more information, click here to go to the announcement dated 21 December 2017 referred to ...
International tax co-operation: key indicators and outcomes relating to the Netherlands
On the website of the OECD, the international state of play can be discovered with an interactive map presenting key indicators and outcomes of the OECD work on international tax matters (in particular regarding transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes and most recently the Inclusive Framework on BEPS), with close to 150 countries and jurisdictions. Refer to the ...
International tax co-operation: key indicators and outcomes relating to Sint Maarten
On the website of the OECD, the international state of play can be discovered with an interactive map presenting key indicators and outcomes of the OECD work on international tax matters (in particular regarding transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes and most recently the Inclusive Framework on BEPS), with close to 150 countries and jurisdictions. Refer to the ...
International tax co-operation: key indicators and outcomes relating to Curaçao
On the website of the OECD, the international state of play can be discovered with an interactive map presenting key indicators and outcomes of the OECD work on international tax matters (in particular regarding transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes and most recently the Inclusive Framework on BEPS), with close to 150 countries and jurisdictions. Refer to the ...
International tax co-operation: key indicators and outcomes relating to Aruba
On the website of the OECD, the international state of play can be discovered with an interactive map presenting key indicators and outcomes of the OECD work on international tax matters (in particular regarding transparency and co-operation in tax matters through the Global Forum on Transparency and Exchange of Information for Tax Purposes and most recently the Inclusive Framework on BEPS), with close to 150 countries and jurisdictions. Refer to the ...
OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting (BEPS Action 13)
The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13), according to an announcement dated 30 November 2017 on the website of the OECD. The additional guidance addresses a number of specific issues: how to report amounts taken from financial statements prepared using fair value accounting; how to treat a negative figure for ...
OECD updates transfer pricing country profiles reflecting transfer pricing legislation and practices
The OECD has published updated versions of transfer pricing country profiles (TPCP), reflecting the current transfer pricing legislation and practices of 31 participating countries. The country profiles contain up-to-date and harmonised information on key aspects of transfer pricing legislation, provided by countries themselves. For more information, click here to go to the announcement referred to above dated 6 November 2017 on the website of the OECD. CFN-artikelnr. 20171110-9 BRONDOCUMENT BRON: www.oecd.org Land/gebiedsdeel: ...
BEPS Action 13: OECD releases CbC reporting implementation status and exchange relationships between tax administrations
On 11 October 2017, the OECD announced that a further step was taken to implement Country-by-Country Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA"). Over 1000 automatic exchange relationships have now been established among jurisdictions committed to exchanging CbC Reports as of mid-2018, including those between EU Member States ...
OECD releases IT-tools to support exchange of tax information policies
On 20 September 2017 the OECD released updated and new IT-tools and guidance to support the technical implementation of the exchange of tax information under the Common Reporting Standard (CRS), on Country-by-Country (CbC) Reporting and in relation to tax rulings (ETR). For more information, click here. CFN-artikelnr. 20170922-6 BRONDOCUMENT BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: OECD, exchange of tax information, Common Reporting Standard, CRS, Country-by-Country Reporting, CbC, tax rulings, exchange on ...
OECD releases further guidance on Country-by-Country reporting (BEPS Action 13)
On 6 September 2017 the OECD's Inclusive Framework on BEPS has released two sets of guidance to give greater certainty to tax administrations and MNE Groups alike on the implementation and operation of Country-by-Country (CbC) Reporting (BEPS Action 13). Existing guidance on the implementation of CbC Reporting has been updated and now addresses the following issues: 1) the definition of revenues; 2) the treatment of MNE groups with a short accounting period; ...
OECD releases Country-by-Country reporting implementation status and exchange relationships between tax administrations (BEPS Action 13)
On 4 May 2017 the OECD released the Country-by-Country reporting implementation status and exchange relationships between tax administrations under BEPS Action 13. Click here to go to the relevant press release on the OECD’s website. CFN-artikelnr. 20170505-10 BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: Internationaal belastingrecht, BEPS, BEPS Action 13, Country-by-Country reporting, exchange relationships between tax administrations Regeling: OECD, BEPS Action 13 Datum: 4 May 2017 ...
OECD releases peer review documents for assessments of BEPS minimum standards (action 5 and 13)
On 1 February 2017 the OECD released key documents, approved by the Inclusive Framework on BEPS, which will form the basis of the peer review of Action 13 Country-by-Country Reporting and for the peer review of Action 5 transparency framework. The documents released form the basis on which the peer review processes will be undertaken. Press here to go to the relevant item on the OECD's website. (CFN-artikelnr. 20170203-12) BRON Land/gebiedsdeel: ...
