Strong progress seen on international tax transparency, OECD announces; Aruba rated as largely compliant, Curaçao mentioned as jurisdiction that has already applied to have its next Global Forum peer review advanced in order to reflect the recent progress it has made
In July 2016, G20 countries called on the Global Forum to devise objective criteria to identify jurisdictions that have not made sufficient progress toward a satisfactory level of implementation of the agreed international standards. These include those on Exchange of Information on Request (EOIR) and Automatic Exchange of Information (AEOI). The Global Forum established a Fast-Track review process to evaluate continuing efforts by some jurisdictions to meet transparency standards in the ...
The Platform for Collaboration on Tax delivers a toolkit to help developing countries address the lack of comparables for transfer pricing analyses and better understand mineral product pricing practices
The Platform for Collaboration on Tax (PCT) – a joint initiative of the International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (UN) and World Bank Group – has published a toolkit names A Toolkit for Addressing Difficulties in Accessing Comparables Data for Transfer Pricing Analyses to provide practical guidance to developing countries to better protect their tax bases, according to an announcement on the website of ...
Third meeting of the Inclusive Framework delivers results, according to OECD
Over 200 delegates from 83 countries and jurisdictions as well as 12 international and regional organisations met in Noordwijk, The Netherlands for the Third Meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS), according to an announcement on the website of the OECD on 22 June 2017. The meeting , inter alia, discussed and approved its first monitoring report, which will be submitted to G20 Leaders for ...
OECD releases BEPS discussion drafts on attribution of profits to permanent establishments and transactional profit splits
On 22 June 2017 the OECD has released the following discussion drafts: - Attribution of Profits to Permanent Establishments, which deals with work in relation to Action 7 ("Preventing the Artificial Avoidance of Permanent Establishment Status") of the BEPS Action Plan; - Revised Guidance on Profit Splits, which deals with work in relation to Actions 8-10 ("Assure that transfer pricing outcomes are in line with value creation") of the ...
OECD announces ground-breaking multilateral BEPS convention signed will close loopholes in thousands of tax treaties worldwide
On 7 June 2017 Ministers and high-level officials from 76 countries and jurisdictions have signed or formally expressed their intention to sign an innovative multilateral convention that will swiftly implement a series of tax treaty measures to update the existing network of bilateral tax treaties and reduce opportunities for tax avoidance by multinational enterprises. The new convention will also strengthen provisions to resolve treaty disputes, including through mandatory binding arbitration, thereby ...
CRS disclosure facility delivers first results, according to OECD announcement
In a message of 1 June 2017 the OECD announces that the Common Reporting Standard (CRS) disclosure facility – which public disclosure facility was launched by the OECD on 5 May 2017 for information on schemes designed to circumvent the application of the CRS – delivered first results. The OECD strongly encourages practitioners, financial advisers, civil society and anyone with knowledge of schemes that purport to circumvent the application ...
OECD releases peer review document for assessment of the BEPS Action 6 minimum standard
On 29 May 2017 the OECD released the key document “BEPS Action 6 on Preventing the Granting of Treaty Benefits in Inappropriate Circumstances, May 2017”, approved by the Inclusive Framework on BEPS, which will form the basis of the peer review of the Action 6 minimum standard on preventing the granting of treaty benefits in inappropriate circumstances. For more information on this document, click here. CFN-artikelnr. 20170602-5 BRONDOCUMENT BRON: www.oecd.org ...
OECD releases a discussion draft on the implementation guidance on hard-to-value intangibles
On 23 May 2017 the OECD released a discussion draft on the implementation guidance on hard-to-value intangibles described in Chapter VI of the Transfer Pricing Guidelines and invites public comments. For more information, click here. CFN-artikelnr. 20170526-9 BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: Internationaal belastingrecht, implementation guidance, discussion draft, hard-to-value-intangibles, transfer pricing, TP, Transfer Pricing Guidelines, BEPS, Base Erosion and Profit Shifting, BEPS Action 8 Regeling: OECD discussion draft dated ...
Raising revenues through carbon pricing can help improve energy affordability, according to an OECD report
In a press release of 11 May 2017 the OECD announced a new OECD report The impact of energy taxes on the affordability of domestic energy. The report reveals that transferring a third of the additional revenues from an energy pricing reform to poor households would be sufficient to increase their ability to pay for their energy needs. For more information about the press release and the report, please ...
OECD launches facility to disclose CRS avoidance schemes; over 1800 relationships now in place to automatically exchange CRS information between tax authorities
As part of its ongoing efforts to maintain the integrity of the OECD Common Reporting Standard (CRS), the OECD on 5 May 2017 launched a disclosure facility on the Automatic Exchange Portal which allows interested parties to report potential schemes to circumvent the CRS. Also today, a further important step to implement the CRS was taken, with an additional 500 bilateral automatic exchange relationships being established between over 60 ...
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 ...
IMF Fiscal Monitor: Achieving More with Less, April 2017
The International Monetary Fund (IMF) has issued its Fiscal Monitor, April 2017. According to a summary published on the website of the IMF, this issue of the Fiscal Monitor shows how the evolution of the debate on fiscal policy can shed new light on fiscal developments and help frame policy recommendations to countries. For more information on this issue of the Fiscal Monitor click here to go to the relevant page ...
Brief Staatssecretaris aan Tweede Kamer betreffende toezeggingen gedaan tijdens het Algemeen Overleg FATCA
Op 11 april 2017 heeft de Staatssecretaris van Financiën een brief gestuurd aan de Voorzitter van de Tweede Kamer der Staten-Generaal, betreffende goedkeuring van het op 29 september 2015 te ’s-Gravenhage tot stand gekomen Aanvullend Verdrag bij het op 16 december 2014 te Willemstad tot stand gekomen Verdrag tussen het Koninkrijk der Nederlanden, ten behoeve van Curaçao, en de Verenigde Staten van Amerika tot verbetering van de internationale naleving ...
Nieuw luchtvaartverdrag Nederland – Argentinië ook van toepassing op Caribisch Nederland. Verdrag bevat bepalingen inzake belastingen, douanerechten en heffingen
Op 27 maart 2017 is te Amsterdam een nieuw Verdrag inzake luchtdiensten tussen het Koninkrijk der Nederlanden en de Argentijnse Republiek (hierna: het Verdrag) getekend. Wat het Koninkrijk der Nederlanden betreft is dit Verdrag van toepassing op het grondgebied van het Europese deel van Nederland alsmede op het grondgebied van het Caribische deel van Nederland. Het Verdrag is op 19 april 2017 uitgegeven in het Tractatenblad van het Koninkrijk ...
OECD Report Taxing Wages 2015-2016: taxes on labour income continued decreasing slowly in 2016
In a press release of 11 April 2017 the OECD announced their report Taxing Wages 2015-2016 (2017). According to the report, taxes on labour income for the average worker across the OECD continued to decrease for the third consecutive year during 2016, dropping to 36% of labour costs. CFN-artikelnr. 20170414-7 BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: Internationaal belastingrecht, Wage Tax Regeling: OECD Report Taxing Wages 2017 Datum: 11 April 2017 ...
OECD Global Forum on VAT: Tax experts gather to discuss solutions for common challenges in the design and operation of VAT systems; also the boom in e-commerce was discussed in the context of the BEPS Project
In a press release of 13 April 2017 the OECD announced that approximately 300 participants, representing over 100 delegations from countries, jurisdictions and international organisations, as well as representatives from the business community and academia, gathered on 12 – 14 April 2017 in Paris for the fourth meeting of the OECD Global Forum on VAT. Also the release of the Recommendation of the Council on the Application of Value ...
New guidance for automatic exchange of financial account information released by OECD
On 6 April 2017 the OECD has released a series of additional Common Reporting Standard (CRS)-related frequently asked questions and the second edition of the Standard for Automatic Exchange of Financial Account Information. For more information, click here. CFN-artikelnr. 20170407-9 BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: internationaal belastingrecht, automatic exchange of financial account information, CRS, Common Reporting Standard Regeling: OECD Standard for Automatic Exchange of Financial Account Information; Common Reporting ...
OECD launches report Technology Tools to tackle Tax Evasion and Tax Fraud
On its website the OECD has announced the launch of the report Technology Tools to Tackle Tax Evasion and Tax Fraud, on 31 March 2017 during the 2017 OECD Global Anti-Corruption and Integrity Forum in Paris. CFN-artikelnr. 20170407-8 BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: internationaal belastingrecht, tax evasion, tax fraud, technology tools, tackling tax evasion, tax evasion, tackling tax fraud, tax fraud Regeling: OECD report Technology Tools to Tackle Tax ...
OECD publishes compilation of comments received on draft examples follow-up work on interaction between the treaty provisions of BEPS Action 6 and the treaty entitlement of non-CIV funds
On 24 March 2017 the OECD published a compilation dated 3 February 2017 of comments on draft examples prepared as part of the follow-up work on the interaction between the treaty provisions of the report on BEPS Action 6 and the treaty entitlement of non-CIV funds. For the compilation, press here. CFN-artikelnr. 20170331-7 BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: Internationaal belastingrecht, BEPS Action 6, treaty entitlement of non-CIV funds Regeling: ...
Report Revenue Statistics in Latin America and the Caribbean 2017 presented on 23 March 2017 in Santiago: “Tax revenues continue to rise despite lower economic growth”
As announced earlier – see our article nr. 20170317-5 in CFN 2017-06 of 17 March 2017 – the tax policy publication Revenue Statistics in Latin America and the Caribbean on Thursday 23 March 2017 was presented in Santiago during the 29th Regional Seminar on Fiscal Policy organized by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC). The report is produced jointly by the Inter-American Centre ...
Besluit tot goedkeuring van het inlichtingenverdrag (TIEA) Antillen-Caymaneilanden gepubliceerd in Curaçao
In het Publicatieblad van Curaçao is het Besluit van 14 februari 2017 tot afkondiging van de Rijkswet van 7 december 2016, houdende goedkeuring van het op 29 oktober 2009 te Willemstad tot stand gekomen Verdrag tussen het Koninkrijk der Nederlanden, ten behoeve van de Nederlandse Antillen, en de Caymaneilanden zoals gemachtigd krachtens de volmacht van 1 september 2009 van het Verenigd Koninkrijk van Groot-Brittannië en NoordIerland inzake de uitwisseling ...
Wijziging uit 2016 van de Beschikking gedragscode informatieverschaffing winstbelasting van Curaçao ingetrokken
Bij ministeriële regeling met algemene werking van 15 februari 2017 is de ministeriële regeling met algemene werking van 24 augustus 2016 (P.B. 2016, no. 60) tot wijziging van de Beschikking gedragscode informatieverschaffing winstbelasting (P.B. 1998, no. 10) ingetrokken omdat de laatstgenoemde van 24 augustus 2016 onuitvoerbaar is. De ministeriële regeling van 15 februari 2017 – welke op 22 maart 2017 is uitgegeven in het Publicatieblad van Curacao P.B. 2017, ...
The Platform for Collaboration on Tax invites comments on a draft toolkit designed to help developing countries address lack of comparables for transfer pricing analyses – Comment period extended to 7 April 2017
Responding to a request by the Development Working Group of the G20, the Platform for Collaboration on Tax – a joint initiative of the IMF, OECD, UN and World Bank Group – has developed a draft toolkit designed to assist developing countries in an important area of international tax policy: transfer pricing. The Platform is now seeking public feedback on that toolkit, which specifically addresses the ways developing countries can ...
On 18 March 2017 the OECD published the OECD Secretary General’s Tax Report to the G20 Finance Ministers: update latest developments in the international tax agenda (incl. tax certainty) and progress Global Forum on Transparency and Exchange of Information
On 18 March 2017 the OECD published the OECD Secretary General’s Tax Report to the G20 Finance Ministers, March 2017. The report consists of two parts. Part I is an update report by the OECD Secretary-General regarding the latest developments in the international tax agenda, including the joint OECD/IMF Report on Tax Certainty. Part II is a Progress Report to the G20 by the Global Forum on Transparency and ...
On 18 March 2017 the OECD published the joint OECD/IMF Report on Tax Certainty
On 18 March 2017 the OECD published the joint OECD/IMF Report on Tax Certainty for the G20 Finance Ministers, March 2017. On the same date (18 March 2017) the OECD also published the OECD Secretary General’s Tax Report to the G20 Finance Ministers, March 2017. Part I of that report is an update report by the OECD Secretary-General regarding the latest developments in the international tax agenda, including the ...
Belastingverdrag Nederland – Zambia (ook voor Caribisch Nederland) op groslijst Vaste Kamercommissie voor Financiën
Aan de leden van de Vaste commissie voor Financiën van de Tweede Kamer der Staten-Generaal van Nederland is de zogenaamde groslijst van bij de commissie aanhangige wetsvoorstellen, notities en brieven van de regering en van geplande overleggen toegezonden, ten behoeve van het eventueel “controversieel” verklaren van zaken, ten behoeve van behandeling in de extra procedurevergadering van de commissie van 29 maart 2017. De commissie kan namelijk aan de plenaire ...
Staatssecretaris inzake Multilateraal Instrument BEPS: ratificatie voor Caribisch Nederland tegelijk met dat voor Europees Nederland; Aruba, Curaçao en Sint Maarten maken zelfstandig keuze
In antwoord op vragen vanuit de vaste commissie voor financiën van de Tweede Kamer der Staten-Generaal over de hoofdlijnen van het Multilateraal Instrument (MLI) BEPS in hoeverre het MLI ook gaat gelden voor de Aruba, Curacao, Sint Maarten en Caribisch Nederland, heeft de Nederlandse Staatssecretaris van Financien geantwoord dat de landen binnen het Koninkrijk zelfstandig een keuze maken of zij al dan niet willen deelnemen aan het MLI. Ratificatie ...
Rapportage aan Tweede Kamer over stand van zaken goedkeuring/opzegging verdragen – briefwisseling inzake spaarrente-inlichtingenverdragen voor Caribische delen van het Koninkrijk en aanpassing MvT belastingverdrag Curaçao-Malta
Bij brief van 20 maart 2017 heeft de Minister van Buitenlandse Zaken aan de Tweede Kamer der Staten-Generaal een rapportage gestuurd over de stand van zaken met betrekking tot de parlementaire goedkeuring c.q. opzegging van (onder andere: fiscale) verdragen. Op de zogenaamde PA-I-lijst bij de rapportage – zijnde de lijst met procedures met betrekking tot verdragen of de opzegging daarvan die in 2017 naar verwachting ter parlementaire behandeling zullen ...
OECD announces further developments in international tax co-operation
On 16 March 2017 the OECD announced further developments in international tax co-operation. These developments hold, inter alia, that six treaty partners of Hong Kong (China), including the Netherlands, signed a competent authority agreement (CAA) with Hong Kong (China). CFN • Caribisch Fiscaal Nieuwsblad will monitor whether the CAA between Hong Kong and the Netherlands was signed by the Netherlands also on behalf of one or more of the Caribbean ...
OECD announces release of Revenue Statistics in Latin America and the Caribbean 2017, 23 March 2017 Santiago
On 17 March 2017 the OECD announced on its website that it will present its tax policy publication Revenue Statistics in Latin America and the Caribbean on Thursday 23 March 2017 in Santiago during the 29th Regional Seminar on Fiscal Policy organized by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC). For the relevant item on the OECD's website, press here. CFN-artikelnr. 20170317-5 BRON Land/gebiedsdeel: OECD, ...
