News & Events

Developments in VAT Compliance Management in Selected Countries

17-Sep-2009

With government budgets under pressure in many countries, revenue bodies have a critical role to play in achieving improved compliance with tax laws. This information note has been prepared to assist member revenue bodies achieve improved compliance with their VAT systems by sharing knowledge of recent developments in selected countries.

Withholding and Information Reporting Regimes for Small/Medium-sized Business and Self-employed Taxpayers

17-Sep-2009

With government budgets under pressure in many countries, revenue bodies have a significant role to play in achieving improved compliance with tax laws. This information note has been prepared to assist revenue bodies advance their thinking on the use of legislated withholding and information reporting regimes for obtaining improved compliance in respect of income from SME/ self-employment activities.

Aruba and the Netherlands Antilles implement internationally agreed tax standard

11-Sep-2009

Aruba and the Netherlands Antilles have signed bilateral agreements with seven Nordic economies - Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden - on exchange of information for tax purposes.

This moves both jurisdictions into the category of ‘Jurisdictions that have substantially implemented the internationally agreed tax standard’ in the Progress Report initially published by the OECD Secretariat on 2 April 2009. Eight jurisdictions have now moved into the substantially implemented category since the Progress Report was first published.

L’OCDE publie l’édition 2009 de ses Principes en matière de prix de transfert

09-Sep-2009

Le 7 septembre 2009, l’OCDE a publié l’édition 2009 de ses Principes applicables en matière de prix de transfert à l’intention des entreprises multinationales et des administrations fiscales. Cette édition inclut une mise à jour du chapitre IV pour refléter les derniers développements en matière de résolution des différends, ainsi que des mises à jour de l’avant-propos, de la préface et de la Recommandation du Conseil. Elle a été publiée à temps pour la conférence Prix de transfert et conventions fiscales dans un monde en évolution.

Standard Business Reporting

02-Sep-2009

Reporting of financial data to Government by business is a significant cost burden in all countries.  Reducing that cost is a major objective in many countries.  A very significant element of that cost is the many data formats and descriptions used by different Government agencies (including revenue bodies) for reporting to Government. A number of countries have taken steps to reduce those costs by implementing a system of Standard Business Reporting (SBR).  SBR standardises and rationalises those data formats and descriptions to make reporting easier and cheaper for business.