tax challenges arising from the digitalisation of the economy

Last Monday, December 18, 2023, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) released further technical guidance to assist governments with implementation of the global minimum tax under Pillar Two and a statement on the timeline of the Multilateral Convention (MLC) under Pillar One: the Agreed Administrative Guidance for the Pillar Two GloBE Rules (December 2023). This has been announced in a news release published on the website of the OECD ...

The OECD/G20 Inclusive Framework on BEPS received public comments on Amount B under Pillar One relating to the simplification of transfer pricing rules. This has been announced with a news release on the website of the OECD. On 17 July 2023, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the ...

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy and following the agreed Outcome Statement, the OECD is seeking public comments on Amount B under Pillar One. This has been announced with a news release on the website of the OECD. Further from the news release: Amount B provides for a ...

Tuesday, July 11, 2023, 138 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) - representing over 90% of global GDP - agreed an Outcome Statement recognising the significant progress made and allowing countries and jurisdictions to move forward with historic, major reform of the international tax system. This has been announced with a news release on the website of the OECD. Further from the news release: The Two‐Pillar ...

On Tuesday, June 13th, 2023, the OECD's Forum on Tax Administration (FTA) Pillar Knowledge Sharing Network held its first virtual meeting of what will be a series of peer-to-peer knowledge-sharing events where experts from tax administrations in 'early implementer' jurisdictions will offer high-level practical advice and share lessons learned on administrative and implementation aspects of the Two-Pillar Solution. This has been announced with a news release on the website of the ...

Op 10 maart 2023 wordt door EUinCarib een tax workshop ‘Fair Taxation in a Digital Economy’ georganiseerd. De workshop vangt aan om 09.30 uur en duurt tot 14.30 uur. De kosten voor deelname aan de workshop bedragen ANG 650 inclusief lunch. De workshop is onderdeel van de Jean Monnet Module ‘EU integration in the Caribbean Region’ en wordt uitgevoerd onder academische leiding van Germaine Rekwest. De voertaal bij de workshop ...

Caribische jurisdicties hebben met dezelfde uitdagingen te kampen bij de implementatie van het BEPS-project (van de OECD/G20) en de ‘twee pijlers’. Die algemene conclusie wordt getrokken in het verslag van de dienstreis van een delegatie van de Sector Fiscale Zaken van het Ministerie van Financiën van Curaçao naar een regionale meeting in Kingston, Jamaica, met onder meer de OESO. Het verslag is geplaatst op de persoonlijke facebookpagina van de Minister ...

Marking the 20th anniversary since its creation, the OECD's Forum on Tax Administration (FTA) held its annual Plenary meeting in Sydney, Australia, on 28-30 September 2022. Tax commissioners from across the globe, including representatives from international organisations, regional tax administration bodies and business, came together for their first in-person Plenary for three years. This has been announced with a news release on the website of the OECD. Since its establishment in 2002, the ...

The OECD has published the public comments received on the Draft Model Rules for Domestic Legislation on Scope under Pillar One Amount A to assist members in further refining and finalising the relevant rules. This has been announced on 22 April 2022 with a news release on the website of the OECD. On 4 April 2022, interested parties were invited to provide comments on said the Draft Model Rules. CFN-artikelnummer 20220429-12 BRONDOCUMENT (link to the news ...

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Draft Model Rules for Domestic Legislation on Scope under Amount A of Pillar One. This has been announced on 4 April 2022 with a news release on the website of the OECD. Further from the ...

Tax administrations are investing significant resources in the development of e-services and digital solutions and are embracing opportunities for fast tracking digital transformation to improve their services, reduce burdens, and improve tax compliance, according to a new OECD report: ‘Tax Administration 2021 - Comparative Information on OECD and other Advanced and Emerging Economies’. This has been announced with a news release on the website of the OECD on the occasion ...

Barbados has joined the two-pillar plan to reform the international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate, bringing to 133 the total number of jurisdictions participating in the agreement. The Statement, released on the 1st of July 2021 and agreed by Barbados today, establishes a new proposal for international tax reform based on a two-pillar package. This has been announced on the website ...

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 ...

On 23 November 2020, the OECD Secretary-General Tax Report to G20 Leaders was presented during the November 2020 meeting in Saudi Arabia. Click here to go to the report (pdf) on the website of the OECD. This report contains two parts. Part I reports on the activities and achievements in the OECD’s international tax agenda. Part II reports on the activities and achievements of the Global Forum on Transparency and ...

“Addressing the tax challenges arising from the digitalisation of the economy is long overdue,” said OECD Secretary-General Angel Gurría. “All members of the Inclusive Framework should remain engaged in the negotiation towards the goal of reaching a global solution by year end, drawing on all the technical work that has been done during the last three years, including throughout the COVID-19 crisis. Absent a multilateral solution, more countries will take ...

New economic analysis shows that a proposed solution to the tax challenges arising from the digitalisation of the economy under negotiation at the OECD would have a significant positive impact on global tax revenues. This was announced in a press release published on the website of the OECD in relation to the release of the analysis. From the press release: The analysis puts the combined effect of the two-pillar solution under ...

The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and will continue working toward an agreement by the end of 2020, according to the Statement by the Inclusive Framework on BEPS released by the OECD on January 31, 2020. This was announced in a press release published on the website of the OECD. From the press release: The ...

The pace of tax reforms has slowed across most leading economies and bolder tax reforms will be needed to address future challenges, according to a new OECD report. This was announced in a press release published on the website of the OECD. Tax Policy Reforms 2019 describes the latest tax reforms across all OECD countries, as well as in Argentina, Indonesia and South Africa. The report identifies major tax policy trends and ...

At their Summit in Osaka this weekend, G20 leaders agreed on a range of priorities for which analysis and support from the OECD and other international organisations are playing a crucial role. This was announced with a press release published on the website of the OECD. Despite heightened tensions - in particular on trade and climate change - the leaders agreed to move forward on a broad raft of key ...

On 13 February 2019, interested parties were invited to provide comments on key issues identified in a public consultation document on possible solutions to the tax challenges arising from the digitalisation of the economy. The OECD is grateful to the commentators for their input and has published the public comments received. This was announced on 8 March 2019 with a press release published on the website of the OECD. Sofar ...

In order to ensure all stakeholders are given the full opportunity to provide feedback on the publication consultation document relating to the possible solutions to the tax challenges of digitalisation, the OECD has extended the comment period to 6 March 2019. The public consultation meeting remains scheduled for 13-14 March 2019 and the deadline for registration to attend the public consultation remains 1 March 2019. This has been announced by the ...

Extension of the comment period for the public consultation document on the possible solutions to the tax challenges of digitalisation Update 19/02/2019  In order to ensure all stakeholders are given the full opportunity to provide feedback on the publication consultation document relating to the possible solutions to the tax challenges of digitalisation, the OECD has extended the comment period to 6 March 2019. The public consultation meeting remains scheduled for 13-14 ...