OECD

The latest edition of the OECD Model Tax Convention has been released on 18 December 2017, incorporating significant changes developed under the OECD/G20 project to address base erosion and profit (BEPS), according to an announcement dated 18 December 2017 on the website of the OECD. The OECD Model Tax Convention, a model for countries concluding bilateral tax conventions,  plays a crucial role in removing tax related barriers to cross border trade and ...

In a press release of 21 December 2017, the OECD has announced that on 20 December 2017 Curaçao has joined the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (hereafter: the multilateral convention), following a communication from the Kingdom of the Netherlands to the OECD. A provisional list of reservations and notifications for Curaçao has been provided and a definitive version will be deposited with the ...

The OECD seeks input on new tax rules requiring disclosure of CRS avoidance arrangements and offshore structures, according to an announcement dated 11 December 2017 on the website of the OECD. The OECD informs as follows. There have been dramatic improvements in tax transparency over the past decade. However, challenges still remain. High profile leaks, such as the release of the 'Panama' and the 'Paradise' papers by the International Consortium ...

Op 15 november 2017 is Ministeriële regeling met algemene werking van de 1ste november 2017 ter uitvoering van artikel 30, vierde lid, van de Landsverordening internationale bijstandsverlening bij de heffing van belastingen (Ministeriële regeling dringende redenen II) uitgegeven en geplaatst in het Publicatieblad van Curaçao van 2017, no. 95 (P.B. 2017, no. 95). Deze regeling is in werking getreden met ingang van de dag na de datum van bekendmaking en ...

In het kader van de internationale eisen die door de OESO en de Groep Gedragscode van de Europese Unie worden gesteld ter voorkoming van de verschuiving van winst naar belastingstelsels met geen of lage tarieven aan belasting, heeft de regering van Aruba het zogenaamde “patentbox regime” geschrapt van de lijst van activiteiten die in aanmerking komen voor een verlaagd tarief van winstbelasting (10%). Dit blijkt uit het Landsbesluit, houdende algemene ...

The Peer Review Report on the Exchange of Information on Request in relation to Curaçao 2017 (Second Round) released today by the Global Forum on Transparency and Exchange of Information for Tax Purposes, concludes that Curaçao is rated “Partially-Compliant” overall. The report – full name: Global Forum on Transparency and Exchange of Information for Tax Purposes: Curaçao 2017 (Second Round). Peer Review Report on the Exchange of Information on Request, ...

International tax experts gathered on Friday 3 November 2017 at the OECD in Paris to share experiences and identify best practices in the implementation of Tax Inspectors Without Borders (TIWB) programmes, according to a press release on the website of the OECD (www.oecd.com). Launched as a joint OECD/UNDP initiative in 2015, TIWB facilitates the deployment of international tax audit experts to work alongside tax administrations in developing countries on complex international tax ...

The OECD has published updated versions of transfer pricing country profiles (TPCP), reflecting the current transfer pricing legislation and practices of 31 participating countries. The country profiles contain up-to-date and harmonised information on key aspects of transfer pricing legislation, provided by countries themselves. For more information, click here to go to the announcement referred to above dated 6 November 2017 on the website of the OECD. CFN-artikelnr. 20171110-9 BRONDOCUMENT BRON: www.oecd.org Land/gebiedsdeel: ...

In de Nota van wijziging met betrekking tot de Overige fiscale maatregelen 2018 wordt door de staatssecretaris van Financiën een aantal wijzigingen voorgesteld in het voorstel van wet tot wijziging van enkele belastingwetten en enige andere wetten (Kamerstuk 34 786, Overige fiscale maatregelen 2018) voorgesteld. De Nota van wijziging is op 25 oktober 2017 door de Tweede Kamer ontvangen. Eén van de voorgestelde wijzigingen betreft aanpassingen van de Wet op de ...

Onder verwijzing naar het overdrachtsdocument van voormalig minister van financiën de heer Jose Jardim uit december 2016 “Een solide basis voor een betere toekomst, verantwoording- en overdrachtsdocument – aanvulling” heeft het Statenlid de heer Curtley Obispo (PAR) in een schrijven van 24 oktober 2017 een aantal vragen gesteld aan de Minister van Financiën van Curaçao, de heer Kenneth Gijsbertha, met betrekking tot de kwalificatie van Curaçao onder het project van ...

On 22 September 2017, interested parties were invited by the OECD to provide comments on the tax challenges of digitalisation. The OECD has published the public comments received in a document dated 25 October 2017: Tax Challenges of Digitalisation. Comments received on the Request for Input (Part I and Part II). The request for input outlined the background on the work regarding the tax challenges of digitalisation from the BEPS Action 1 ...

The Forum on Tax Administration (FTA) is the leading international body concerned with tax administration. The FTA, which brings together Tax Commissioners from 50 advanced and emerging tax administrations (including OECD and G20 countries), held its Plenary meeting in Oslo on 27-29 September. In an item dated of 29 September 2017, the OECD brings forward the key themes as discussed during the Plenary.  At the close of said meeting a communiqué was released which ...

In a press release of 25 September 2017, the OECD announces that heads of tax administrations meet in Oslo, Norway, 27-29 September for the 11th meeting of the Forum on Tax Administration (FTA). The Forum on Tax Administration brings together Tax Commissioners from 50 of the most advanced tax administrations worldwide, including OECD and G20 countries, to work collaboratively on global tax administration challenges and take collective action to achieve ...

As we reported today in a separate article, the Netherlands is among the first six peer review reports on implementation of BEPS minimum standards on improving tax dispute resolution mechanisms which were released by the OECD on 26 September 2017. Interesting to learn for the Dutch Caribbean tax practice is that the treaty analysis in the peer review relating to the Netherlands also includes, as we understand, the “Tax Arrangement ...

On 26 September 2017, as part of continuing efforts to improve the international tax framework, the OECD has released the first analysis of individual country efforts to improve dispute resolution mechanisms. The six peer review reports represent the first evaluation of how countries are implementing new minimum standards agreed in the OECD/G20 BEPS Project. The first six peer review reports relate to implementation by Belgium, Canada, the Netherlands, Switzerland, the United ...

The OECD is seeking public comments on key issues identified in a request for input related to the tax challenges raised by digitalisation and the potential options to address these challenges, according to an announcement of 22 September 2017 on the OECD’s website. The request for input outlines the background on the work regarding the tax challenges of digitalisation from the BEPS Action 1 report and invites comments on the impact of digitalisation on ...

In zijn brief van 19 september 2017 aan de Tweede Kamer heeft de Nederlandse Staatssecretaris van Financiën een update gegeven van de voortgang van de Nederlandse inspanningen en verdere ontwikkelingen op het FATCA-dossier, in navolging van hetgeen hij in zijn brief van 12 juli 2017 aan de Tweede Kamer had aangegeven. Over de brief van 12 juli 2017 rapporteerden wij in het CFN van 14 juli 2017, nr. 25. Hieronder nemen ...

On 20 September 2017 the OECD released updated and new IT-tools and guidance to support the technical implementation of the exchange of tax information under the Common Reporting Standard (CRS), on Country-by-Country (CbC) Reporting and in relation to tax rulings (ETR). For more information, click here. CFN-artikelnr. 20170922-6 BRONDOCUMENT BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: OECD, exchange of tax information, Common Reporting Standard, CRS, Country-by-Country Reporting, CbC, tax rulings, exchange on ...

In 2014, the OECD and the G20 approved the Common Reporting Standard (CRS), which will be the basis for the automatic annual exchange of information on offshore financial accounts to the tax authorities of the residence country of account holders. In an item on its website on 14 September 2017, the OECD informs that at present, 102 jurisdictions have publicly committed to implement the CRS, with 49 being committed to ...

On 27 July 2017 the OECD released a report Neutralising the tax effects of branch mismatch arrangements (BEPS Action 2).  This report sets out recommendations for domestic rules that put an end to the use of hybrid entities to generate multiple deductions for a single expense or deductions without corresponding taxation of the same payment. For more information, click here. CFN-artikelnr. 20170728-8 BRONDOCUMENT BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: OECD, branch ...

  Op 29 juni 2017 is in het Publicatieblad van Curaçao het Landsbesluit, houdende algemene maatregelen, van de 27ste juni 2017 tot wijziging van het Landsbesluit internationale bijstandsverlening bij de heffing van belastingen (P.B. 2015, no. 58) uitgegeven (P.B. 2017, no. 55, hierna aan te duiden als: "het wijzigingslandsbesluit"). Het wijzigingslandsbesluit is inmiddels geplaatst op de website van de overheid van Curaçao waarop de Curaçaose overheid de wetten die van ...

  On 1 February 2017 the OECD released key documents, approved by the Inclusive Framework on BEPS, which will form the basis of the peer review of Action 13 Country-by-Country Reporting and for the peer review of Action 5 transparency framework. The documents released form the basis on which the peer review processes will be undertaken. Press here to go to the relevant item on the OECD's website. (CFN-artikelnr. 20170203-12) BRON Land/gebiedsdeel: ...