Progress continues in making tax dispute resolution more effective and in improving tax transparency through Country-by-Country reporting

Under OECD/G20 Inclusive Framework on BEPS, 140 jurisdictions have committed to implement minimum standards to improve the taxation of multinational enterprises (MNEs) worldwide. On Monday, 18 October 2021, the OECD has released the latest outcomes of the implementation of BEPS Action 13 on the transparency of global operations of large MNEs and BEPS Action 14 on the resolution of tax related disputes between jurisdictions. This has been announced with a ...
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Kamerbrief Nederlandse staatssecretaris van Financiën van 14 oktober 2021 inzake de uitkomsten van de vergadering van het Inclusive Framework op 8 oktober 2021 over de herziening van het internationale belastingsysteem

Bij brief d.d. 14 oktober 2021 heeft de staatssecretaris van Financiën (Fiscaliteit en Belastingdienst) de Tweede kamer geïnformeerd inzake de uitkomsten van de vergadering van het Inclusive Framework (IF) op 8 oktober 2021 over de herziening van het internationale belastingsysteem. De staatssecretaris geeft in de brief aan dat hij de Kamer eerder heeft geïnformeerd over het akkoord dat op 1 juli 2021 is gesloten in het IF over een nieuw ...
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Fourth annual peer review of BEPS Action 13 considering implementation of the CbC reporting minimum standard: Curaçao has fully implemented the BEPS Action 13 minimum standard and meets all of the terms of reference

On Monday 18 October 2021, the OECD has released the latest outcomes of the implementation of BEPS Action 13 on the transparency of global operations of large MNEs and BEPS Action 14 on the resolution of tax related disputes between jurisdictions. This has been announced with a news release on the website of the OECD. The BEPS Action 13 minimum standard on Country-by-Country reporting (CbC), requires tax administrations to collect ...
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Fourth annual peer review of BEPS Action 13 considering implementation of the CbC reporting minimum standard: recommendations for Aruba

On Monday 18 October 2021, the OECD has released the latest outcomes of the implementation of BEPS Action 13 on the transparency of global operations of large MNEs and BEPS Action 14 on the resolution of tax related disputes between jurisdictions. This has been announced with a news release on the website of the OECD. The BEPS Action 13 minimum standard on Country-by-Country reporting (CbC), requires tax administrations to collect ...
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Revised EU list of non-cooperative jurisdictions dated 5 October 2021

On 5 October 2021, the Council of the European Union (EU) adopted conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes. The following countries are now listed : American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, the U.S. Virgin Islands and Vanuatu. For more information, refer to this page on the website of the European Commission. Click here (pdf) for the Council conclusions on the ...
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Major reform of the international tax system finalized: minimum 15% tax rate from 2023. President European Commission welcomes the agreement

Major reform of the international tax system finalised on Friday 8 October 2021 at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The ‘landmark deal’, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, will also reallocate more than USD 125 billion of profits from around 100 of the world’s largest and most profitable MNEs ...
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Kamerbrief Nederlandse staatssecretaris van Financiën van 30 september 2021 inzake nadere invulling van het akkoord op hoofdlijnen over de herziening van het internationale belastingsysteem

Bij brief d.d. 30 september 2021 heeft de staatssecretaris van Financiën (Fiscaliteit en Belastingdienst) de Tweede kamer geïnformeerd inzake de nadere invulling van het akkoord op hoofdlijnen over de herziening van het internationale belastingsysteem. In het Inclusive Framework (IF) georganiseerd door de OESO is op 1 juli 2021 een belangrijk akkoord bereikt over de herziening van het internationale belastingsysteem. In zijn brief van 5 juli 2021 heeft de staatssecretaris de ...
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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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Kamerbrief Nederlandse staatssecretaris van Financiën van 5 juli 2021 inzake het akkoord in het Inclusive Framework over de herziening van het internationale belastingsysteem

Bij brief d.d. 5 juli 2021 heeft de staatssecretaris van Financiën (Fiscaliteit en Belastingdienst) de Tweede kamer geïnformeerd over het akkoord in het Inclusive Framework over de herziening van het internationale belastingsysteem. In het Inclusive Framework (IF) georganiseerd door de OESO is geruime tijd gewerkt aan de herziening van het internationale belastingsysteem. Het doel was om halverwege 2021 te komen tot een wereldwijde oplossing voor de uitdagingen die de digitaliserende ...
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Fiche ‘Mededeling/aanbeveling Belastingheffing van ondernemingen in de 21e Eeuw’ aangeboden aan de Tweede Kamer

Bij brief d.d. 25 juni 2021 heeft de minister van Buitenlandse Zaken het Fiche ‘Mededeling/aanbeveling Belastingheffing van ondernemingen in de 21e Eeuw’ inzake Nieuwe Commissievoorstellen en initiatieven van de lidstaten van de Europese Unie aangeboden aan de Tweede Kamer. Essentie mededeling en aanbeveling Uit het fiche: Met de mededeling belastingheffing van ondernemingen in de 21e eeuw wil de Commissie een beleidsagenda kenbaar maken van de bedrijfsbelastingmaatregelen die de Commissie de ...
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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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Kamerbrief Nederlandse staatssecretaris van Financiën van 14 juni 2021: ‘Naar een internationaal akkoord over de herziening van het internationale belastingsysteem’

Bij brief d.d. 14 juni 2021 heeft de staatssecretaris van Financiën–Fiscaliteit en Belastingdienst de Tweede Kamer, in aanloop naar de aanstaande plenaire vergadering op 30 juni en 1 juli 2021 van het Inclusive Framework (IF) van de OESO, geïnformeerd over het project van het IF waarin wordt gewerkt aan een herziening van het internationale belastingsysteem. De brief heeft als onderwerp: Naar een internationaal akkoord over de herziening van het internationale ...
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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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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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OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (April 2021)

On 7 April 2021, the OECD Secretary-General Tax Report was presented to G20 Finance Ministers and Central Bank Governors. Click here to go to the report on the website of the OECD. This is the latest report in the series of reports on the latest developments in the international tax agenda. This new report contains the following topics: tax measures introduced in response to COVID-19 (OECD); and tax policy and ...
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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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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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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 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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Dominica added to the EU list of non-cooperative jurisdictions, Barbados removed

On 22 February 2021, the Council of the European Union (EU) adopted conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, deciding to add Dominica to the EU list of non-cooperative jurisdictions (Annex I of the conclusions) and to remove Barbados from that list. This has been announced with a press release dated 22 February 2021 on the website of the European Commission. Furthermore from the press ...
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Stage 1 peer review report on dispute resolution released by OECD: overall Aruba meets the majority of the elements of the Action 14 Minimum Standard and where it has deficiencies, Aruba is working to address some of them

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, including the stage 1 peer review assessment for Aruba. This has been announced by the OECD with a press release dated 16 February 2021 on the occasion of the release of the peer review reports. The reports evaluate the efforts made by each jurisdiction to implement ...
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Barbados deposits its instrument of ratification for the Multilateral BEPS Convention

On 21 December 2020, Barbados deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Convention or MLI), which now covers over 1700 bilateral tax treaties, thus underlining its strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises. For Barbados, the MLI will enter into force on ...
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Ontwerp Fiscale verzamelwet 2022 aangeboden aan de Tweede Kamer: onder meer een algemene antimisbruikmaatregel in de WIB naar aanleiding van een aanbeveling door het Global Forum in het kader van CRS (Nederland)

Op 18 januari 2021 is de ontwerpwet tot wijziging van enkele belastingwetten (Fiscale verzamelwet 2022) aangeboden aan de Tweede Kamer der Staten-Generaal. Klik hier voor een pdf van de Memorie van Toelichting (MvT) bij het ontwerp. In het ontwerp wordt onder meer voorzien in het opnemen van een algemene antimisbruikmaatregel in de Wet op de internationale bijstandsverlening bij de heffing van belastingen (WIB). De algemene antimisbruikmaatregel wordt opgenomen naar aanleiding ...
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Public comments received on the Reports on Pillar One and Pillar Two Blueprints

As part of the ongoing work to develop a solution to the tax challenges of the digitalisation of the economy, the OECD/G20 Inclusive Framework on BEPS invited public comments on the Reports on the Pillar One and Pillar Two Blueprints. The OECD is grateful to the commentators for their input and now publishes the public comments received. This has been announced by the OECD in a press release dated 16 December 2020 ...
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OECD publishes information on the state of implementation of the hard-to-value intangibles approach by members of the Inclusive Framework on BEPS

The OECD has published jurisdiction-specific information on the implementation of the hard-to-value intangibles ("HTVI") approach. To date, 40 jurisdictions have provided information on whether their domestic legal system provides for transfer pricing rules aimed at transactions involving HTVI. This has been announced by the OECD in a press release dated 16 December 2020. Furthermore from the press release: The publication of this information is part of the monitoring process of the implementation ...
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Transparency on tax rulings now the global norm, according to new peer review assessments for over 120 jurisdictions

As part of continuing efforts to improve tax transparency, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has reviewed the progress made by 124 jurisdictions in spontaneously exchanging information on tax rulings, in accordance with the BEPS Action 5 minimum standard. The conclusions show that transparency on tax rulings is now a fully-entrenched part of the international tax framework, with 20 000 tax rulings having been identified and 36 000 ...
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