Forum on Tax Administration: Towards Sustainable Remote Working in a Post-COVID-19 Environment

On 19 July 2021, the report of the Forum on Tax Administration ‘Towards Sustainable Remote Working in a Post-COVID-19 Environment’ was published. This has been announced on the website of the OECD. Furthermore from the OECD-website: The COVID-19 pandemic saw a significant shift among most tax administrations to remote working by many of their staff. As tax administrations consider the shape of the workplace post-pandemic, many are examining the options ...
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First edition of Tax Transparency in Latin America report outlines growing role of tax transparency and exchange of information in helping Latin American governments fight financial crimes and mobilise resources

On 12 July 2021, the report Tax Transparency in Latin America 2021 was published. The report is a key output of the Punta del Este Declaration, a Latin American initiative to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information (EOI) for tax purposes. This has been announced with a press release on the website of the OECD. Furthermore from the press release: The report analyses the ...
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G20 Ministers and Governors endorse the key components of the two pillars on the reallocation of profits of multinational enterprises and an effective global minimum tax

The third G20 of Finance Ministers and Central Bank Governors (FMCBG) under the Italian Presidency FMCBG meeting on 9-10 July 2021 brought to a historic agreement on a more stable and fairer international tax architecture. Ministers and Governors endorsed the key components of the two pillars on the reallocation of profits of multinational enterprises and an effective global minimum tax. G20 members called on the OECD/G20 Inclusive Framework on Base Erosion ...
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130 Countries and jurisdictions join bold new framework for international tax reform: a two-pillar package aiming to ensure that large Multinational Enterprises pay tax where they operate and earn profits

130 Countries and jurisdictions  have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. 130 Countries and jurisdictions, representing more than 90% of global GDP, joined the Statement establishing a new framework for international tax reform. A small group of the Inclusive Framework’s 139 members have not yet joined the Statement at this time. The remaining elements of ...
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New toolkit to strengthen Value Added Taxes on e-commerce in Latin America and the Caribbean

The surge in e-commerce following the COVID-19 outbreak has emphasized the importance of applying Value Added Tax (VAT) effectively to digital trade. A new toolkit released on Wednesday June 23rd offers timely and valuable assistance to tax authorities in the Latin America and the Caribbean region for the effective collection of VAT revenues from e-commerce activities. This has been announced with a press release on the website of the OECD ...
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OECD publishes international exchange framework and optional module for Model Reporting Rules for Digital Platforms

On 22 June 2021, the OECD published a report regarding international exchange framework and optional module for Model Reporting Rules for Digital Platforms: “Model Reporting Rules for Digital Platforms: International Exchange Framework and Optional Module for Sale of Goods”. Click here to go to the publication on the website of the OECD. The Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy ("Model Reporting ...
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Heads of tax crime investigation welcome new OECD report on fighting tax crimes

At their meeting on June 17th, 2021, heads of tax crime investigation from 44 countries welcomed the launch of a new edition Fighting Tax Crime – The Ten Global Principles, Second Edition, published 17 June 2021 of the groundbreaking global reference guide setting out the ten core requirements for jurisdictions to be able to effectively tackle tax crime while ensuring that taxpayers' rights are respected. This has been announced with ...
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Public comments received on proposed changes to Commentaries in the OECD Model Tax Convention on Article 9 and on related articles

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD secretariat on 29 March 2021 invited public comments on proposed changes to the commentaries on Article 9 and related articles of the OECD Model Tax Convention. The OECD is grateful to commentators for their input and has published the comments received. This has been announced with a press release on the website of the OECD ...
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OECD supports developing countries in the time of COVID-19

On 19 May 2021, the OECD released a new report – Tax Co-operation for Development: Progress report in the COVID-19 era – looking back on the past year showing how developing countries have interacted with the OECD on a range of tax policy and administration issues. These include participating in the development and implementation of inclusive international standards; country-level capacity building programmes delivered through a variety of platforms and modalities; guidance and ...
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Conference of the Parties to the MLI approve an opinion on interpretation and implementation

On 3 May 2021, the Conference of the Parties to the Multilateral Instrument (MLI) approved an opinion that sets out a series of guiding principles for addressing questions about the interpretation and implementation of the MLI. Those principles, discussed and approved by the Conference of the Parties to the MLI, were drawn from public international law, the design of the MLI itself, and its drafting history. This has been announced with a ...
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Inheritance, estate and gift taxes could play a stronger role in addressing inequality and improving public finances

Inheritance taxation can be an important instrument to address inequality, particularly in the current context of persistently high wealth inequality and new pressures on public finances linked to the COVID-19 pandemic, according to a new OECD report: Inheritance Taxation in OECD Countries. This has been announced with a press release on the website of the OECD on the occasion of the release of the report. Furthermore from the press release ...
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OECD and CREDAF renew partnership to strengthen tax co-operation

The Organisation for Economic Co-operation and Development (OECD) and the Cercle de réflexion et d’échange des dirigeants des administrations fiscales (CREDAF) signed a renewal of their Memorandum of Understanding (MoU) agreeing to extend their collaboration in promoting fair and efficient tax systems and enhancing the efficiency and effectiveness of tax administrations for a further three years. This has been announced with a press release on the website of the OECD. Furthermore from ...
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Labour market disruption and COVID-19 support measures contribute to widespread falls in taxes on wages in 2020

The COVID-19 crisis has resulted in the largest decrease in taxes on wages since the global financial crisis of 2008-09, according to a new OECD report: Taxing Wages 2021. This has been announced with a press release on the website of the OECD on the occasion of the release of the report. Furthermore from the press release referred to above: The COVID-19 crisis has resulted in the largest decrease in ...
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Tax Inspectors Without Borders and partners pass USD 1 billion milestone in additional tax revenues for developing countries

Through its innovative approach to audit assistance, Tax Inspectors Without Borders (TIWB) has strengthened significantly developing countries' ability to effectively tax multinational enterprises. During the fifth virtual TIWB Governing Board meeting on 27 April 2021, co-chaired by the OECD Secretary-General, Mr. Angel Gurría, and UNDP’s Administrator, Mr. Achim Steiner, participants celebrated the mobilisation of more than USD 1 billion in additional tax revenues for developing countries, with nearly three times ...
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Tax revenues in Latin America and the Caribbean rose modestly before being hit hard by the COVID-19 crisis

Tax revenues rose moderately across Latin America and the Caribbean (LAC) in 2019 before declining sharply in 2020 as the COVID-19 pandemic drove down global economic activity, according to new analysis released today in the tax policy publication “Revenue Statistics in Latin America and the Caribbean” on the occasion of XXXIII edition of the Regional Fiscal Policy Seminar hosted virtually by the United Nations’ Economic Commission for Latin America and the Caribbean (UN-ECLAC) ...
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Tenth edition of the tax policy publication Revenue Statistics in Latin America and the Caribbean launched

On Thursday 22 April 2021, the tenth edition of the tax policy publication “Revenue Statistics in Latin America and the Caribbean” has been launched on the occasion of XXXIII edition of the Regional Fiscal Policy Seminar hosted virtually by the United Nations’ Economic Commission for Latin America and the Caribbean (UN-ECLAC) and partners. The launch event is organised in collaboration with the co-authors of the publication: UN-ECLAC, the Inter-American Center of Tax Administrations ...
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Digital platforms have an important role to play in value added tax policy in the sharing and gig economy

Digital platforms can play an important role in the application of Value Added Taxes/Goods and Services Taxes (VAT/GST) policies in the sharing and gig economy, according to a new OECD report “The Impact of the Growth of the Sharing and Gig Economy on VAT/GST Policy and Administration”. This has been announced with a press release on the website of the OECD on the occasion of the release of the report ...
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OECD releases new peer review results on the prevention of tax treaty shopping under the BEPS Action 6 minimum standard

Progress continues with the implementation of the BEPS package to tackle international tax avoidance, as the OECD releases the latest peer review report assessing jurisdictions' efforts to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project: Prevention of Tax Treaty Abuse – Third Peer Review Report on Treaty Shopping (Inclusive Framework on BEPS: Action 6, OECD/G20 Base Erosion and Profit Shifting ...
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Peer review report assessing jurisdictions’ efforts to prevent tax treaty shopping (BEPS Action 6) – Curaçao

On 1 April 2021, the OECD released the latest peer review report assessing jurisdictions' efforts to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project: Prevention of Tax Treaty Abuse – Third Peer Review Report on Treaty Shopping (Inclusive Framework on BEPS: Action 6, OECD/G20 Base Erosion and Profit Shifting Project, OECD Publishing, Paris). The release was announced with a press ...
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Peer review report assessing jurisdictions’ efforts to prevent tax treaty shopping (BEPS Action 6) – Aruba

On 1 April 2021, the OECD released the latest peer review report assessing jurisdictions' efforts to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project: Prevention of Tax Treaty Abuse – Third Peer Review Report on Treaty Shopping (Inclusive Framework on BEPS: Action 6, OECD/G20 Base Erosion and Profit Shifting Project, OECD Publishing, Paris). The release was announced with a press ...
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OECD publishes 30 country profiles applying Arbitration under the multilateral BEPS Convention

On 25 March 2021, the OECD, in its capacity as Depositary of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI), has published the Arbitration Profiles of 30 jurisdictions applying Part VI on Arbitration of the MLI and an opinion of the Conference of the Parties to the MLI. This has been announced with a press release on the website of ...
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Tax transparency moves forward as twelve no or only nominal tax jurisdictions began their first exchange information on the substance of entities

On Wednesday 31 March 2021, twelve no or only nominal tax jurisdictions began their first tax information exchanges under the Forum on Harmful Tax Practice’s (FHTP) global standard on substantial activities. The standard ensures that mobile business income can no longer be parked in a low tax jurisdiction without the core business functions being carried out from that jurisdiction and that the countries where the parent entities and beneficial owners ...
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Platform for Collaboration on Tax launches Tax Treaty Negotiations Toolkit

The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and World Bank Group – released the final version of the ‘Toolkit on Tax Treaty Negotiations’ along with its web-based, interactive edition. This has been announced with a press release on the website of the OECD. Furthermore from the press release: The PCT's Toolkit on Tax Treaty Negotiations is an effort to provide capacity-building support to ...
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Advies Raad van Advies inzake wijziging Landsbesluit winstbelasting nu ook openbaar. Wijziging betreft nadere regels ter bepaling van voordelen verkregen uit binnenlandse onderneming (Curaçao)

Het op 21 december 2020 uitgebrachte advies van de Raad van Advies van Curaçao inzake het ontwerplandsbesluit, houdende algemene maatregelen, strekkende tot wijziging van het Landsbesluit winstbelasting (zaaknummer 2019/052742, RvA no. RA/49-20-LB) is op vrijdag 5 maart 2021 openbaar gemaakt op de website van de Raad. Klik hier voor een pdf. Zoals wij in het CFN van vrijdag 5 maart 2021 reeds hebben gemeld is het Landsbesluit, houdende algemene maatregelen, ...
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OECD presents international tax update to G20 Finance Ministers

On 26 February 2021, the OECD has published the “OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors – Italy February 2021”. Click here to go to the report on the website of the OECD. CFN-bericht nr. 20210305-13 BRONDOCUMENT (link to the report on the website of the OECD) Zie ook: CFN van 16 oktober 2020: OECD presents international tax update to G20 Finance Ministers. BRON: www.oecd.org ...
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Wijziging Landsbesluit winstbelasting in het Publicatieblad: nadere regels ter bepaling van voordelen verkregen uit binnenlandse onderneming (Curaçao)

Op 4 maart 2021 is het Landsbesluit, houdende algemene maatregelen, van de 2de maart 2021 tot wijziging van het Landsbesluit winstbelasting (P.B. 2018 no. 19) uitgegeven in het Publicatieblad van Curaçao, jaargang 2021, no. 19 (link naar gobiernu.cw: P.B. 2021 no. 19; pdf: P.B. 2021 no. 19). Met de in het landsbesluit vervatte wijziging van het Landsbesluit winstbelasting worden nadere regels gesteld ter bepaling van ‘voordelen verkregen uit binnenlandse onderneming’ ...
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OECD agrees new peer review process to foster transparency on tax rulings

In order to maintain and further improve transparency on tax rulings, the OECD/G20 Inclusive Framework on BEPS, which groups over 135 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules, approved the process for the BEPS Action 5 peer review of the transparency framework for the years 2021 to 2025. This has been announced by the OECD with a press release dated 22 February 2021 ...
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OECD calls on countries to crack down on the professionals enabling tax and white collar crimes

Countries should increase efforts to better deter, detect and disrupt the activities of professionals who enable tax evasion and other financial crimes, according to a new OECD report “Ending the Shell Game: Cracking down on the Professionals who enable Tax and White Collar Crimes”. This has been announced by the OECD with a press release dated 25 February 2021 on the occasion of the release of the peer review reports ...
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New report highlights successful delivery of Global Forum Secretariat’s capacity-building activities during challenging year

On 17 February 2021, the 2021 Global Forum capacity building report has been published, setting out the large amount of support activities conducted by the Global Forum. Despite challenging conditions, the Global Forum Secretariat ensured the continuity of its capacity-building programme in 2020, while increasing its support to jurisdictions. This has been announced by the OECD with a press release dated 17 February 2021 on the occasion of the release of the ...
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OECD releases the final batch of the stage 1 peer review reports for BEPS Action 14 on dispute resolution mechanisms

On 16 February 2021 the OECD released the final batch of the stage 1 peer review reports for BEPS Action 14 on dispute resolution mechanisms. The stage 1 peer review assessments for Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, United Arab Emirates and Viet Nam evaluate the efforts made by each jurisdiction to implement the Action 14 minimum standard of the OECD/G20 BEPS Project, which aims to improve the resolution of tax-related disputes between jurisdictions ...
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