Tax and fiscal policy should continue to support households and businesses through containment, then shift to bolstering recovery
Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis. ‘Tax and Fiscal Policy in Response to the Coronavirus Crisis; Strengthening Confidence and Resilience’, a report requested of the OECD by the Saudi ...
Public comments received on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy
On 19 February 2020, interested parties were invited to provide comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy. The OECD is grateful to the commentators for their input and has published the public comments received. For more information, click here to go to the press release dated 15 April 2020 on the website of the OECD which press release ...
OECD Secretariat analysis of tax treaties and the impact of the COVID-19 crisis
The COVID-19 pandemic has forced governments to take unprecedented measures such as restricting travel and implementing strict quarantine requirements. In this difficult context, most countries are putting stimulus packages in place, including measures to support employment, for example, taking on the burden of unpaid salaries on behalf of companies suffering from the economic effects of COVID-19 pandemic. As a result of these restrictions, many cross-border workers are unable to physically ...
Tax Administration Responses to COVID-19: Measures Taken to Support Taxpayers
On the website of the OECD a reference document has been published providing an overview of measures currently being undertaken by a number of tax administrations in connection with the COVID-19 emergency. The document is a joint document of the OECD Forum on Tax Administration, the Inter-American Center of Tax Administrations (CIAT) and the Intra-European Organisation of Tax Administrations (IOTA) and has been produced by the respective Secretariats from input ...
Global Forum publishes new peer review reports and reveals compliance ratings for eight jurisdictions
The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published eight new peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). The release of the website was announced in a press release dated 6 April 2020 published on the website of the OECD. From the press release (summary): These reports evaluate jurisdictions against the updated ...
Platform for Collaboration on Tax: International organisations move to help developing countries improve tax systems
The world's four leading multilateral organizations working in the tax area have established their first integrated website containing information on how low- and middle-income countries can strengthen tax systems and mobilise the domestic revenue they need to address some of their urgent development challenges—including the COVID-19 pandemic. The release of the website was announced in a press release published on the website of the OECD. From the press release: The new website ...
Stand van zaken belastingverdrag Curaçao-Malta nog steeds dat ‘MvT wordt aangepast’, volgens de lijst van verdragen die naar verwachting in 2020 ter goedkeuring worden overgelegd
Bij brief van 24 maart 2020 heeft de Minister van Buitenlandse Zaken aan de Tweede Kamer der Staten-Generaal een overzicht verstrekt van tot stand gekomen verdragen, waarbij partij worden van het Koninkrijk tot de reële mogelijkheden behoort, maar die nog niet ter goedkeuring zijn ingediend. Een opgave van de stand van zaken met betrekking tot de voorbereiding van de parlementaire goedkeuring wordt dan eveneens gegeven. In dit kader is door ...
Tackling the coronavirus: OECD Forum on Tax Administration publishes advice on business continuity considerations for tax administrations
The OECD Forum on Tax Administration (FTA), in collaboration with the Intra-European Organisation of Tax Administrations (IOTA) and the Inter-American Center of Tax Administrations (CIAT), has published a reference document on critical business continuity considerations for tax administrations in the context of the COVID-19 pandemic. This document is based on input from across the membership of the three organisations. It recognises that the potential duration and severity of the current crisis brings ...
OECD issues recommendations on implications of the COVID-19 crisis on cross-border workers and other related cross-border matters
The OECD has posted an article on the website addressing recommendations on the implications of the COVID-19 crisis on cross-border workers and other related cross-border matters. This article is part of series in which OECD experts and thought leaders – from around the world and all parts of society – address the COVID-19 crisis, discussing and developing solutions now and for the future. For more information, click here to go to the ...
IMF Policy Paper “Policy Steps to Address the Corona Crisis”
The International Monetary Fund (IMF) has published a Policy Paper “Policy Steps to Address the Corona Crisis”. The policy paper addresses among others (fiscal) actions for monitoring, containing and mitigating the effects of the corona virus. Introduction The introduction in the policy paper reads as follows: “Monitoring, containing and mitigating the effects of the corona virus are top priorities. Timely and decisive actions by health authorities, central banks, fiscal, regulatory ...
SER-advies over het ontwerp-landsbesluit h.a.m. strekkende tot wijziging van het Landsbesluit winstbelasting. Betreft invulling van ‘voordelen uit binnenlandse onderneming’ (Curaçao)
Onlangs is het advies van de Sociaal-Economische Raad van Curaçao (SER) betreffende het ontwerp-landsbesluit, houdende algemene maatregelen, strekkende tot wijziging van het Landsbesluit winstbelasting (P.B. 2018, no. 19) (zaaknummer 2019/052742, ref.nr. 004/2020-SER) openbaar gemaakt. Het advies is bij brief van 7 februari 2020 aangeboden aan de Minister van Financiën (ref.nr. 008/2020). In de considerans van het ontwerp-landsbesluit (welk ontwerp zelf nog niet openbaar is) zou worden overwogen ‘dat ter uitvoering ...
Tackling the coronavirus: OECD Forum on Tax Administration publishes actions that tax administrations are currently taking to support taxpayers
In the light of the worsening global impacts of COVID-19 on individual taxpayers, businesses and the wider economy, the OECD Forum on Tax Administration (FTA) has published a global reference document setting out actions that FTA tax administrations are currently taking to support taxpayers. These include measures to address cash-flow concerns, difficulties in meeting reporting and payment deadlines and communication initiatives. The intention of this document, which will be updated on a ...
OECD releases document ‘Emergency tax policy responses to the Covid-19 pandemic. Limiting damage to productive potential and protecting the vulnerable’
The OECD has released a document on the website on ‘Emergency tax policy responses to the Covid-19 pandemic. Limiting damage to productive potential and protecting the vulnerable’. The document has been posted on the website of the OECD. From the document: Detected cases of Covid-19 are quickly rising in many countries, with major adverse effects on health and mortality. To fight the outbreak and spread of the virus, countries are ...
FTA releases document ‘Tax administration responses to Covid-19: support for taxpayers’ to assist administrations globally in their consideration of appropriate measures in their own national contexts to help taxpayers during this difficult period
The OECD has posted a document on the website, released up by the Forum on Tax Administration with suggestions on “Tax administration responses to Covid-19: support for taxpayers”. From the document: The Covid-19 emergency will affect the lives of many people around the globe. There are a number of ways that governments and tax administrations can ease burdens on taxpayers and support businesses and individuals with cash-flow problems or with ...
First meeting of the Global Forum’s peer review group on the effective implementation of automatic exchange of tax information
The Global Forum on Transparency and Exchange of Information for Tax Purposes recently established an Automatic Exchange of Information Peer Review Group (APRG) to take forward its work on ensuring the effective implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (the AEOI Standard). Comprised of 34 Global Forum members, the APRG held its first meeting on 16-18 March 2020 to discuss key issues in ensuring ...
OECD releases second peer review report on preventing treaty shopping (BEPS Action 6). No jurisdiction has raised any concerns about their agreements with Aruba respectively Curaçao. Aruba encouraged to implement the minimum standard
Progress continues with the implementation of the BEPS package, as the OECD releases the second peer review assessing countries’ efforts to implement the Action 6 minimum standard as agreed under the OECD/G20 BEPS Project: Prevention of Treaty Abuse – Second Peer Review Report on Treaty Shopping. The release of the report was announced in a press release on the website of the OECD. From the press release. The second peer review ...
Public comments received on the 2020 Review of Country-by-Country Reporting (BEPS Action 13 Minimum Standard
The OECD is grateful to the commentators for their input on the 2020 Review of Country-by-Country Reporting (BEPS Action 13 Minimum Standard) and has published the public comments received. This was announced with a press release published on 9 March 2020 the website of the OECD. From the press release. On 6 February 2020, interested parties were invited to provide comments. For more information, click here to go to the press ...
Gerechtshof Den Haag bevestigt: dividendbelasting verschuldigd over dividenduitkeringen door naar Nederlands recht opgerichte vennootschap – met aandeelhouder in Sint Maarten – waarvan de statutaire directie is verplaatst naar Singapore. Vennootschap voor toepassing BRK uitsluitend inwoner van Nederland
Samenvatting zaak In deze Nederlandse belastingzaak met Caribische raakvlakken is het volgende aan de orde. Belanghebbende is een naar Nederlands recht opgerichte vennootschap. In 2006 is haar statutaire directie vanuit Nederland verplaatst naar Singapore. Belanghebbende is in Singapore als inwoner in de heffing betrokken. In het onderhavige jaar (2010) heeft belanghebbende dividenden uitgekeerd aan haar op Sint Maarten woonachtige, enig aandeelhouder. In de jaren 2006 tot en met 2010 is ...
OECD releases IT-tools to support the implementation of TRACE and the wider exchange of tax information
On 25 February 2020, the OECD released IT-formats and guidance to support the technical implementation of the OECD Treaty Relief and Compliance Enhancement (TRACE) initiative, as well as to facilitate the wider use of the OECD Common Transmission System (CTS) for the exchange of information between tax administrations. This was announced with a press release published on the website of the OECD. From the press release: TRACE is a standardised ...
Verslag vaste commissie voor financiën van de Tweede Kamer met antwoorden staatssecretaris over hoofdlijnen eerste pijler van een nieuw internationaal stelsel voor belastingheffing in een digitaliserende economie (Nederland)
De vaste commissie voor Financiën heeft een aantal vragen en opmerkingen voorgelegd aan de Staatssecretaris van Financiën over de brief van 10 oktober 2019 over hoofdlijnen van de eerste pijler van een nieuw internationaal stelsel voor belastingheffing in een digitaliserende economie (Kamerstuk 32 140, nr. 60). De vragen en opmerkingen zijn op 21 november 2019 aan de Staatssecretaris van Financiën voorgelegd. Bij brief van 10 februari 2020 zijn de vragen ...
BEPS Action 14: OECD releases stage 1 peer review reports on dispute resolution for Brunei Darussalam, Curaçao, Guernsey, Isle of Man, Jersey, Monaco, San Marino and Serbia
The work on BEPS Action 14 continued with the publication on 24 February 2020 of the eighth round of stage 1 peer review reports. Each report assesses a country's efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project. This was announced with a press release published on the website of the OECD. From the press release: The reports of Brunei Darussalam, Curaçao, Guernsey, Isle of Man, Jersey, Monaco (also available ...
Stage 1 peer review report on dispute resolution released by OECD: overall Curaçao meets most of the elements of the BEPS Action 14 Minimum Standard
On 24 February 2020 the stage 1 peer review report for Curaçao on dispute resolution (BEPS Action 14) was released by the OECD: Making Dispute Resolution More Effective – MAP Peer Review Report, Curaçao (Stage 1): Inclusive Framework on BEPS: Action 14, OECD/G20 Base Erosion and Profit Shifting Project (hereafter to be referred to as: “the report”). The report assesses the country's efforts to implement the Action 14 minimum standard ...
OECD seeks input on draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy
As part of the ongoing work of the Committee on Fiscal Affairs, the OECD is seeking public comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy. This was announced with a press release published on the website of the OECD. From the press release: BACKGROUND The market of online platforms facilitating the "sharing" and "gig" economies is growing rapidly ...
OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors
On 14 February 2020, the OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors was released. From the overview in the report: “Over the past 10 years, the G20 has supported multilateral co-operation for a globally fair, sustainable and modern international tax system, which translated into successful deliverables. Thanks to this momentum, significant progress has taken place to combat tax evasion, Base Erosion and Profit Shifting (BEPS), ...
Brochure Nederlandse Ministerie van Financiën over het Multilateraal Instrument (MLI) en Nederlandse belastingverdragen
Het Nederlandse Ministerie van Financiën heeft een brochure uitgegeven over het Multilateraal Instrument (MLI) en Nederlandse belastingverdragen. 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 nieuwe onderhandelingen nodig zijn. Het MLI bevat namelijk bepalingen tegen belastingontwijking die doorwerken in belastingverdragen van landen die daarvoor kiezen. Het MLI geldt ook voor Nederland. In ...
EU updates list of non-cooperative tax jurisdictions: four countries added to the list
On 18 February 2020, EU Finance Ministers updated the EU list of non-cooperative tax jurisdictions. This was announced with a press release published on the website of the European Commission. Further from the press release: Four countries or territories- Cayman Islands, Palau, Panama and Seychelles - have been added to the list of non-cooperative tax jurisdictions, as they failed to comply with the required standards within the deadline. These join ...
OECD presents analysis showing significant impact of proposed international tax reforms
New economic analysis shows that a proposed solution to the tax challenges arising from the digitalisation of the economy under negotiation at the OECD would have a significant positive impact on global tax revenues. This was announced in a press release published on the website of the OECD in relation to the release of the analysis. From the press release: The analysis puts the combined effect of the two-pillar solution under ...
OECD releases Transfer Pricing Guidance on Financial Transactions
On 11 February 2020, the OECD released the report Transfer Pricing Guidance on Financial Transactions: Inclusive Framework on BEPS: Actions 4, 8-10. This was announced in a press release published on the website of the OECD. In October 2015, as part of the final BEPS package, the OECD/G20 published the reports on Action 4 (Limiting Base Erosion Involving Interest Deductions And Other Financial Payments) and Actions 8-10 (Aligning Transfer Pricing Outcomes with ...
Landsbesluit machtiging Sector-directeur Fiscale Zaken om Curaçao te vertegenwoordigen bij de ondertekening van de overeenkomst met de VS inzake de uitwisseling van CbC-reports. Te ondertekenen overeenkomst aangehecht (Curaçao)
Bij Landsbesluit van 13 januari 2020 is de Sector-directeur Fiscale Zaken van het Ministerie van Financiën, gemachtigd om de openbare rechtspersoon Curaçao te vertegenwoordigen bij de ondertekening van de aan het landsbesluit gehechte overeenkomst ter uitvoering van artikel 4 van het Verdrag tussen het Koninkrijk der Nederlanden, ten behoeve van de Nederlandse Antillen en de Regering van de Verenigde Staten van Amerika inzake de uitwisseling van gegevens met betrekking tot ...
Uruguay deposits its instrument of ratification for the Multilateral BEPS Convention
On 6 February 2020, Uruguay 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) with the OECD's Secretary-General, Angel Gurría, thus underlining its strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises. For Uruguay, the MLI will enter into force on 1 June ...
