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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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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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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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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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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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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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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