Guatemala becomes the 148th member to join the OECD/G20 Inclusive Framework on BEPS, a global initiative providing a platform for international tax collaboration.
Through its membership, Guatemala will engage on an equal footing with other members to address base erosion and profit shifting (BEPS) and to enable co-operation on other tax matters of common interest to secure tax certainty, foster growth, protect tax bases, and support domestic resource mobilisation.
Since its launch nearly a decade ago, the Inclusive Framework has contributed to a fundamental shift in the international tax dialogue. Jurisdictions continue implementing the BEPS package of 15 Actions, and the initiative has established new expectations for corporate responsibility and transparency, strengthening collaboration between tax authorities and enhancing tax certainty through the co-ordinated application of common agreed international tax rules. A recent stocktake report on the BEPS initiative shows that this increased transparency has helped strengthen trust in the tax system and has reinforced the foundations for co-ordinated action. Evidence from jurisdictional and external stakeholder consultations also largely shows that the BEPS Actions have reduced tax avoidance and improved compliance.
“Guatemala's membership to the OECD/G20 Inclusive Framework on BEPS is historic and sends a very clear message: our country is determined to strengthen co-operation ties and become a key player in the field of international taxation. I therefore reaffirm the Guatemalan government's commitment to continue promoting a modern, transparent, and competitive tax system that can protect tax bases, adopting international best practices, attracting more investment, and ensuring that decisions are made based on clear rules and for the benefit of the country. This step consolidates our Fiscal Policy and strengthens the Institutional Strategic Plan of the Tax Administration, which is committed to a future with greater equity and development for Guatemalans", said Jonathan Menkos, Minister of Public Finance of Guatemala.
“Guatemala’s participation in the Inclusive Framework strengthens our collective efforts to build a more stable international tax system. With 148 Inclusive Framework members working together, today's announcement reinforces our shared conviction that international tax challenges can only be addressed through global co-operation”, said Manal Corwin, Director of the OECD Centre for Tax Policy and Administration”.
The Inclusive Framework continues to evolve in response to emerging tax policy challenges. Members are currently engaged in evidence-based analysis of issues with growing relevance, including those arising from global mobility and from the interaction between tax, inequality and growth.
The full list of members of the Inclusive Framework can be found online: Members of the OECD/G20 Inclusive Framework on BEPS.
For further information on BEPS, visit: https://www.oecd.org/en/topics/policy-issues/base-erosion-and-profit-shifting-beps.html.
Enquiries should be directed to the Communications Office in the OECD Centre for Tax Policy and Administration.
