‘Ring-Fencing Mining Income’ published, a toolkit for tax administrators and policy-makers. The toolkit aims to clarify what ring-fencing means in the context of mining taxation, the advantages of adopting ring-fencing rules and how to mitigate potential challenges through robust tax policy design and effective tax administration practices
The OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) have released a toolkit for tax administrators and policy-makers: ‘Ring-Fencing Mining Income’. Click here to go to the publication on the website of the OECD. A mining company may undertake multiple projects and/or several activities along the mining value chain or be engaged in other commercial or investment activities. The manner in which revenue and expenses ...
OECD and IGF release first set of practice notes for developing countries on BEPS risks in mining
For many resource-rich developing countries, mineral resources present a significant economic opportunity to increase government revenue. Tax base erosion and profit shifting (BEPS), combined with gaps in the capabilities of tax authorities in developing countries, threaten this prospect. The OECD’s Centre for Tax Policy and Administration and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) are collaborating to address some of the challenges developing countries face in raising ...
OECD and IGF invite comments on a draft toolkit that will help developing countries to identify and cost potential behavioural responses by mining investors to tax incentives
In a press release published on the website of the OECD, the OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) invite comments on a draft toolkit that will help developing countries to identify and cost potential behavioural responses by mining investors to tax incentives. This draft toolkit has been prepared by the IGF under a programme of co-operation with the OECD, to help governments anticipate ...
OECD and IGF invite comments on a draft practice note that will help developing countries address profit shifting from their mining sectors via excessive interest deductions
For many resource-rich developing countries, mineral resources present an unparalleled economic opportunity to increase government revenue. Tax base erosion and profit shifting (BEPS), combined with gaps in the capabilities of tax authorities in developing countries, threaten this prospect. One of the avenues for international profit shifting by multinational enterprises is the use of excessive interest deductions, according to the OECD in a press release of 18 April 2018 with the ...