Curaçao: peer review report (phase 3) of the BEPS Action 13 Country-by-Country reporting initiative

The OECD has released the outcomes of the third phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide, according to a press release dated 24 September 2020 published on the website of the OECD on the occasion of the report “Country-by-Country Reporting – Compilation of Peer Review Reports (Phase 3): Inclusive Framework ...
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Aruba: peer review report (phase 3) of the BEPS Action 13 Country-by-Country reporting initiative

The OECD has released the outcomes of the third phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide, according to a press release dated 24 September 2020 published on the website of the OECD on the occasion of the report “Country-by-Country Reporting – Compilation of Peer Review Reports (Phase 3): Inclusive Framework on ...
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Inclusive Framework on BEPS shows progress in implementing tax transparency through Country-by-Country reporting (Action 13). Compilation of peer review reports phase 3

The OECD has released the outcomes of the third phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide, according to a press release dated 24 September 2020 published on the website of the OECD. CbC reporting, one of the four minimum standards of the BEPS Project, requires tax administrations to collect and ...
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Advisory Group for Co-operation with Partner Economies Annual Meeting to discuss the OECD’s Global Relations Programme in taxation

Representatives from 40 countries and 5 international and regional organisations, along with delegations from the OECD's Multilateral Tax Centres, met to discuss the OECD's Global Relations Programme (GRP) in taxation, at the 17th meeting of the Advisory Group for Co-operation with Partner Economies. This was announced by the OECD in a press release dated 15 September 2020 on the release of the report. The meeting took stock of a rapidly changing international tax landscape and ...
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Reactie Cft op de tweede uitvoeringsrapportage 2020 van Sint Maarten – belastinggerelateerde passages (Sint Maarten)

Bij brief d.d. 2 september 2020 aan de Minister van Financiën van Sint Maarten heeft het College financieel toezicht Curaçao en Sint Maarten (Cft) zijn reactie gegeven op de tweede uitvoeringsrapportage 2020 van Sint Maarten. De reactie bevat ook enkele belastinggerelateerde passages. Hieronder nemen wij een aantal passages op. Oordeel De UR toont een tekort van ANG 87,1 miljoen. Dit tekort valt lager uit dan was begroot voor deze periode ...
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Ministeriële regeling aanwijzing vergelijkbare buitenlandse winstbelastingregimes in het Publicatieblad, treedt in werking met ingang van 1 september 2020 (Curaçao)

Op 25 augustus 2020 is de Ministeriële regeling met algemene werking, van de 13de augustus 2020 ter uitvoering van artikel 1A, elfde lid, van de Landsverordening op de winstbelasting 1940 (Ministeriële regeling aanwijzing vergelijkbare buitenlandse winstbelastingregimes) uitgegeven en geplaatst in het Publicatieblad van Curaçao, jaargang 2020, no. 88 (P.B. 2020 no. 88). In artikel 1A, elfde lid, van de Landsverordening op de winstbelasting 1940 is een delegatiebepaling opgenomen op basis ...
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New challenges and opportunities for tax administrations emerge in supporting wider government responses to COVID-19 crisis

Thursday 30 July 2020, the Forum on Tax Administration published a report: Tax Administration Responses to COVID-19: Assisting Wider Government. This has been announced with a press release published on the website of the OECD. From the press release: Tax administrations around the globe are taking on new responsibilities to support wider government actions to help address the impacts of the COVID-19 pandemic and support their taxpayers and citizens. Tax ...
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Global Forum Secretariat delivers new toolkit to help countries become Party to the Convention on Mutual Administrative Assistance in Tax Matters

The COVID-19 crisis has brought renewed attention to the role and importance of multilateral co-operation in combating tax evasion and helping fiscal consolidation. In line with its mandate to deliver technical assistance and support capacity building, the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) has now produced a Toolkit for Becoming a Party to the Convention on Mutual Administrative Assistance in ...
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OECD releases stage 1 peer review reports on dispute resolution for, among others, Bahamas, Bermuda, British Virgin Islands and Cayman Islands

The work on BEPS Action 14 continues with the publication of the ninth 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 has been announced with a press release published on the website of the OECD. From the press release: The reports of Andorra, the Bahamas, Bermuda, British Virgin Islands, the Cayman Islands, the Faroe Islands, Macau ...
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OECD/G20 Inclusive Framework on BEPS: Progress Report published

On 18 July 2020, the OECD/G20 Inclusive Framework on BEPS Progress Report July 2019 – July 2020 was published. This is the fourth annual progress report of the OECD/G20 Inclusive Framework on BEPS. The report describes the progress made to deliver on the mandate of the OECD/G20 Inclusive Framework, covering the period from July 2019 to July 2020, while also taking stock of the progress made since BEPS implementation began ...
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New corporate tax statistics provide fresh insights into the activities of multinational enterprises

New data provides aggregated information on the global tax and economic activities of nearly 4,000 multinational enterprise (MNE) groups headquartered in 26 jurisdictions and operating across more than 100 jurisdictions worldwide. The data, released on July 2020 in the OECD’s annual Corporate Tax Statistics publication, is a major output based on the Country-by-Country Reporting requirements for MNEs under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project. This was announced in a ...
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OECD-blog post: Building tax systems in developing countries is vital to overcoming COVID-19 and achieving the SDGs

Recently, a blog post by Ben Dickinson, Head of the Global Relations and Development Division, Centre for Tax Policy and Administration of the OECD, has been posted on the OECD-website: “Building tax systems in developing countries is vital to overcoming COVID-19 and achieving the SDGs”. CFN-bericht nr. 20200731-27 BRONDOCUMENT (link to the blog post on the website of the OECD) BRON: www.oecd.org Land/gebiedsdeel: Internationaal Betreft: internationaal belastingrecht, international taxation, OECD, ...
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Progress Report 2020 of the Platform for Collaboration on Tax published

On 10 July 2020, the Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and the World Bank – published its Progress Report 2020. The report gives a snapshot of the world's four leading multilateral organisations' co-operation in the area of domestic resource mobilisation (DRM), including in their responses to COVID-19. This was announced in a press release dated 10 July 2020 on the ...
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OECD presents international tax update to G20 Finance Ministers

The OECD Secretary-General Tax Report (July 2020) has been presented to the G20 Finance Ministers and Central Bank Governors. The report has been posted on the website of the OECD. From the overview in the report (page 4 and further): “In responding to this crisis, the tax agenda is more relevant than ever. First, fiscal measures – in particular tax-related measures – have played and will continue to play a ...
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International community continues making progress against offshore tax evasion

The international community continues making tremendous progress in the fight against offshore tax evasion, as implementation of innovative transparency standards by the Global Forum on Transparency and Exchange of Information for Tax Purposes moves countries ever closer to the goal of eradicating banking secrecy for tax purposes. This was announced in a press release dated 29 June 2020 on the website of the OECD. Nearly 100 countries carried out automatic exchange of ...
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The Platform for Collaboration on Tax invites public comments on the draft Toolkit on Tax Treaty Negotiations

The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and World Bank Group – is seeking feedback from the public on a draft toolkit designed to help developing countries build capacity in tax treaty negotiations. This was announced in a press release dated 29 June 2020 on the website of the OECD. PCT's Draft Toolkit on Tax Treaty Negotiations is a joint effort to provide ...
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Ministeriële regeling rulingpraktijk winstbelasting gepubliceerd in het Publicatieblad (Curaçao)

Op 11 juni 2020 is de Ministeriële regeling met algemene werking, van de 8ste juni 2020 ter uitvoering van artikel 61, vierde lid, van de Algemene landsverordening Landsbelastingen (Ministeriële regeling rulingpraktijk winstbelasting) uitgegeven en geplaatst in het Publicatieblad van Curaçao, jaargang 2020, no. 63 (P.B. 2020 no. 63). De Ministeriële beschikking rulingbeleid winstbelasting no. 974/RNA en de Ministeriële beschikking rulingbeleid d.d. 9 mei 2018 (P.B. 2018, no. 26) worden hierbij ...
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Platform for Collaboration on Tax releases toolkit to help developing countries tackle the complex issues around taxing offshore indirect transfers of assets

The Platform for Collaboration on Tax (PCT) released a Toolkit on the Taxation of Offshore Indirect Transfers (OIT) providing guidance on the design and implementation issues when one country seeks to tax gains on the sale of interests in an entity owning assets located in that country by an entity which is a tax resident in another country. This is the third Toolkit published by the PCT to provide guidance on areas ...
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Advies Cft bij de vastgestelde landsbegroting 2020 van Sint Maarten

Bij brief d.d. 20 mei 2020 aan de minister van Financiën van Sint Maarten heeft het College financieel toezicht Curaçao en Sint Maarten (Cft) advies uitgebracht bij de vastgestelde begroting 2020 van Sint Maarten. De Landsverordening van 1 mei 2020 tot vaststelling van de Begroting van het land Sint Maarten voor het dienstjaar 2020 (Landsverordening begroting 2020) is op 5 mei 2020 uitgegeven en geplaatst in het Afkondingsblad van Sint ...
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Early restoration planning by tax administrations key to support individual and business taxpayers towards economic recovery from COVID-19 pandemic

Recovery from the profound impacts of the COVID-19 pandemic on people's lives, jobs, businesses and the wider economy is likely to be lengthy, challenging and multifaceted, with tax administrations playing a critical role in restoration planning, according to a new OECD report ‘Tax Administration Responses to COVID-19: Recovery Period Planning’ prepared by the OECD's Forum on Tax Administration (FTA) in co-operation with the Intra-European Organisation of Tax Administrations (IOTA) and ...
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Latin America and the Caribbean: Tax revenue gains under threat amid deteriorating regional outlook

Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published yesterday. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the COVID-19 pandemic and the global economic crisis. The release was announced in a press release on ...
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Tax and fiscal policies central to governments’ responses to Covid-19 crisis

With global economic activity facing a historic drop and government spending rising dramatically, the implications of the Covid-19 crisis on public finances and tax revenues are significant. Drawing on its multi-disciplinary expertise, the OECD is deploying its data gathering and analytical capacities to help governments face these unprecedented challenges while supporting businesses and people towards economic recovery. This was announced in a press release on the website of the OECD ...
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Landsbegroting 2020 gepubliceerd in het Afkondigingsblad (Sint Maarten)

Op 5 mei 2020 is de Landsverordening van 01 mei 2020 tot vaststelling van de Begroting van het land Sint Maarten voor het dienstjaar 2020 (Landsverordening begroting 2020) uitgegeven en geplaatst in het Afkondingsblad van Sint Maarten, jaargang 2020, no. 25 (AB 2020 no. 25). Deze landsverordening treedt, gezien het spoedeisend belang hiervan als bedoeld in artikel 127, derde lid, van de Staatsregeling, in werking met ingang van de eerste ...
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Blog-post ‘Consumption tax revenues under Covid-19: Lessons from the 2008 global financial crisis’ on the website of the OECD

On the website of the OECD a blog post ‘Consumption tax revenues under Covid-19: Lessons from the 2008 global financial crisis’ has been published. Author is Michelle Harding, senior economist and Head of the Tax Data and Statistical Analysis Unit at the OECD’s Centre for Tax Policy and Administration, co-authored by Hannah Simon, Junior Analyst at the OECD’s Centre for Tax Policy and Administration. The article is part of a series in ...
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New OECD data provides a baseline for measuring the impact of COVID-19 on labour taxes

Labour taxes on the average worker across OECD countries continued to decline for the sixth consecutive year in 2019, according to a new OECD report. This was announced with a press release on the website of the OECD in guidance of the release of the report “Taxing Wages 2020”. From the press release: Taxing Wages 2020 shows that the “tax wedge” – total taxes on labour costs paid by employees ...
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Ontwerpbegroting 2020 aangeboden aan de Staten: overzicht van belastingaangelegenheden (Sint Maarten)

Bij schrijven van 17 april 2020 heeft de Gouverneur van Sint Maarten de ontwerplandsverordening tot vaststelling van de Begroting van het land Sint Maarten voor het dienstjaar 2020 (Landsverordening begroting 2020) (Zittingsjaar 2019-2020-136) aangeboden aan de Staten van Sint Maarten. In deze uitgave van het CFN rapporteren wij over de in het begrotingsvoorstel vervatte belastingaangelegenheden, mede aan de hand van hetgeen in de toelichting  bij het ontwerp door de regering ...
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Government support and the COVID-19 pandemic

On the website of the OECD a document ‘Government support and the COVID-19 pandemic’ has been published. From the introduction of the document: The economic consequences of the COVID-19 pandemic call for urgent policy responses to support households and firms alike, but how this support is designed will be critical in ensuring that it does not result in enduring global market distortions. Support packages that are time-limited, targeted, cash-based, and ...
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COVID-19 and International Trade: Issues and Actions

On the website of the OECD a document ‘COVID-19 and International Trade: Issues and Actions’ has been published. From the introduction of the document: In an unprecedented global health crisis, trade is essential to save lives and livelihoods; and international co-operation is needed to keep trade flowing. In the midst of significant uncertainty, there are four things we can do: 1) boost confidence in trade and global markets by improving ...
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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 ...
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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 ...
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