Centre for Tax Policy and Administration

BEPS Reports

 

Cover: Guidance on the Implementation of Country-by-Country Reporting

Guidance on the Implementation of Country-by-Country Reporting: BEPS Action 13

18 July 2017

Following the endorsement of the BEPS Package by G20 Leaders in November, the focus has now shifted to ensuring a consistent implementation, including of the new transfer pricing reporting standards developed under Action 13 of the BEPS Action Plan. To that aim, this guidance sets out transitional filing options for MNEs that voluntarily file in the Parent jurisdiction; guidance on the application of CbC reporting to investment funds; guidance on the application of CbC reporting to partnerships; and the impact of exchange rate fluctuations on the agreed EUR 750 million filing threshold for MNE groups.

 

 

Inclusive Framework on BEPS: Progress Report

5 July 2017

This report by the Inclusive Framework on BEPS presents the current state of play in progressing its mandate, covering the period from July 2016 to June 2017. It sets out the progress that the Inclusive Framework and its members have made since the establishment of the Framework at its inaugural meeting in June 2016, and outlines how countries are progressing in the implementation of the BEPS package and in particular, the minimum standards.

   

 

Peer review and monitoring process of the four minimum standards

Members of the Inclusive Framework on BEPS will develop a monitoring process for the four minimum standards as well as put in place the review mechanisms for other elements of the BEPS Package. The monitoring of the four minimum standards will ensure that all members, as well as jurisdictions of relevance, will comply with the standards in order to ensure a level playing field. Monitoring mechanisms are going to be developed in order to monitor jurisdictions’ compliance with their commitments. These mechanisms will ensure the effectiveness of the filing and dissemination of the Country-by-Country reports, as provided for by the review of the Country-by-Country standard by 2020. In regards to review mechanisms, they may differ depending on the Actions and will take into account countries' specific circumstances. All countries and jurisdictions joining the framework will participate in this review process, which allows members to review their own tax systems and to identify and remove elements raising BEPS risks.

 

 

Country-by-Country Reporting XML Schema: User Guide for Tax Administrations and Taxpayers

March 2017

This publication contains the User Guide for the OECD’s standardised electronic format for the exchange of Country-by-Country (CbC) Reports between jurisdictions – the CbC XML Schema.

The CbC XML Schema is part of the OECD’s work to ensure the swift and efficient implementation of the BEPS measures, endorsed by G20 Leaders as part of the final BEPS Package in November 2015.


 

 

Exchange on Tax Rulings XML Schema- User Guide for Tax Administrations_Page_2

Exchange on Tax Rulings XML Schema: User Guide for Tax Administrations

July 2016

This publication contains the OECD's standardised IT-format for the exchange on tax rulings (ETR) between jurisdictions – the ETR XML Schema – as well as the related User Guide.

The ETR XML Schema is part of the OECD's work to ensure the swift and efficient implementation of the BEPS measures, endorsed by G20 Leaders as part of the final BEPS Package in November 2015.

 

 

 

 

Country-by-Country Reporting XML Schema: User Guide for Tax Administrations and Taxpayers

March 2016

This publication contains the User Guide for the OECD’s standardised electronic format for the exchange of Country-by-Country (CbC) Reports between jurisdictions – the CbC XML Schema.

The CbC XML Schema is part of the OECD’s work to ensure the swift and efficient implementation of the BEPS measures, endorsed by G20 Leaders as part of the final BEPS Package in November 2015.

 

 

 

2015 final reports

The OECD presented the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules to G20 Finance Ministers at their meeting on 8 October, in Lima, Peru.  The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project provides governments with solutions for closing the gaps in existing international rules that allow corporate profits to « disappear » or be artificially shifted to low/no tax environments, where little or no economic activity takes place.

 

   

Key elements to enable implementation (February 2015)

OECD and G20 countries have agreed on three key elements that will enable implementation of the BEPS package:

 

   

2014 Deliverables

Addressing base erosion and profit shifting is a key priority of governments around the globe. In 2013, OECD and G20 countries, working together on an equal footing, adopted a 15-point Action Plan to address BEPS. This is the first set of reports and recommendations which address seven of the actions in the BEPS Action Plan.

 

   

Report to G20 Development Working Group on the impact of BEPS in Low Income Countries

At the G20’s request, the OECD is leading the development of a strategy to address base erosion and profit shifting (BEPS). The Development Working Group has asked the OECD to draw together the experiences of developing countries and international organisations in a report on the main sources of BEPS in developing countries and how these relate to the OECD/G20 BEPS Action Plan on this issue.

 

   

Action Plan on Base Erosion and Profit Shifting

Taxation is at the core of countries' sovereignty, but in recent years, multinational companies have avoided taxation in their home countries by pushing activities abroad to low or no tax jurisdictions. The G20 asked OECD to address this growing problem by creating this action plan to address base erosion and profit shifting. This plan identifies a series of domestic and international actions to address the problem and sets timelines for the implementation.

 

 

   

Addressing Base Erosion and Profit Shifting

This report presents the studies and data available regarding the existence and magnitude of BEPS and contains an overview of global developments that have an impact on corporate tax matters and identifies the key principles that underlie the taxation of cross-border activities, as well as the BEPS opportunities these principles may create.

 

 

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