Consolidated Report on Amount B published on the website of the OECD
On Monday February 24, 2025, the Consolidated Report on Amount B has been published on the website of the OECD. As part of the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy agreed by the OECD/G20 Inclusive Framework on BEPS in October 2021, Amount B provides for a simplified and streamlined approach to the application of the arm’s length principle to in-country baseline marketing ...
Inclusive Framework on BEPS published an MCAA to facilitate the implementation of its political commitment on Amount B of Pillar One: the Model Competent Authority Agreement on the Application of the Simplified and Streamlined Approach
Yesterday, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) published a Model Competent Authority Agreement (MCAA) to facilitate the implementation of its political commitment on Amount B of Pillar One: the Model Competent Authority Agreement on the Application of the Simplified and Streamlined Approach. This practical tool is designed to be particularly beneficial for jurisdictions with limited resources and data availability. This has been announced with a news release on ...
OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (G20 Brazil, July 2024) released. The report describes some of the key developments in international tax reform since February 2024, including the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy and the implementation of the BEPS minimum standards
The OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (G20 Brazil, July 2024) has been released on July 25, 2024 ahead of the third meeting of G20 Finance Ministers and Central Bank Governors held under the Brazilian G20 Presidency from 25-26 July 2024, in Rio de Janeiro, Brazil. This has been announced with a news release on the website of the OECD. This report describes some ...
OECD/G20 Inclusive Framework releases new information on key aspects of the Two-Pillar Solution: Administrative Guidance on the Global Anti-Base Erosion Model Rules (Pillar Two)
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 ...
138 Countries and jurisdictions agree historic milestone to implement global tax deal
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 ...
Heads of tax administration prioritise collaboration on the implementation of the Two-Pillar Solution, digital transformation and capacity building
The OECD's Forum on Tax Administration (FTA) held its 14th Plenary meeting on 16-17 December 2021, bringing together tax commissioners from across the globe as well as representatives from international organisations and regional tax administration bodies. Participants discussed top-of-mind tax administration issues including the implementation of the landmark Two-Pillar Solution, lessons learned from the ongoing responses to the global COVID-19 pandemic, digital transformation and capacity building. This has been announced on 17 December ...
OECD presents analysis showing significant impact of proposed international tax reforms
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 ...