OECD releases decisions on 11 preferential regimes of BEPS Inclusive Framework Members
The Inclusive Framework on BEPS released the updates to the results for preferential regime reviews conducted by the Forum on Harmful Tax Practices (FHTP) in connection with BEPS Action 5. This follows from a press release published on the website of the OECD on 17 May 2018. Four new regimes were designed to comply with FHTP standards, meeting all aspects of transparency, exchange of information, ring fencing and substantial activities and are found ...
Exempt company regime and free zone regime under review Inclusive Framework on BEPS
The Inclusive Framework on BEPS released the updates to the results for preferential regime reviews conducted by the Forum on Harmful Tax Practices (FHTP) in connection with BEPS action 5. This follows from a press release published on the website of the OECD on 17 May 2018. Refer to a separate article about said report in today’s CFN. Eleven new preferential regimes are identified since the last update, bringing the total to 175 ...
OECD announces further developments in BEPS implementation
The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) reporting (BEPS Action 13). The Inclusive Framework also approved updates to the results for preferential regime reviews conducted by the Forum on Harmful Tax Practices (FHTP) in connection with BEPS Action 5. This follows from an announcement on the website of the OECD on 8 ...
OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting (BEPS Action 13)
The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13), according to an announcement dated 30 November 2017 on the website of the OECD. The additional guidance addresses a number of specific issues: how to report amounts taken from financial statements prepared using fair value accounting; how to treat a negative figure for ...