By Date

Thailand deposits its instrument for the ratification of the Multilateral BEPS Convention

Thailand has deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Convention or MLI), which now covers over 1800 bilateral tax treaties.

OECD releases IT-format to support exchange of tax information on digital platform sellers

Today, the OECD has released the standardised IT-format to support the electronic reporting and automatic exchange of information collected under the OECD's Model Reporting Rules for Digital Platforms.

Measuring Tax Support for R&D and Innovation

Governments worldwide increasingly rely on tax incentives in addition to direct support measures (e.g. grants) to promote R&D in firms and encourage innovation and economic growth. The OECD has developed experimental methodologies and a detailed database on R&D tax incentives with the latest indicators on the cost and information on the design and scope of R&D tax incentives.

Blog post: Meeting the Moment: Strengthening tax administration to raise mining revenue mobilization across Africa

It is critical that African countries increase their domestic resource mobilization. The pressing need for economic stimulus in response to the devastating effects of the COVID-19 pandemic has compounded preexisting budgetary pressures for governments.

OECD seeks input on new tax transparency framework for crypto-assets and amendments to the Common Reporting Standard

Today, the OECD released a public consultation document concerning a new global tax transparency framework to provide for the reporting and exchange of information with respect to crypto-assets, as well as proposed amendments to the Common Reporting Standard (CRS) for the automatic exchange of financial account information between countries.

Prevention of Tax Treaty Abuse – Fourth Peer Review Report on Treaty Shopping - Inclusive Framework on BEPS: Action 6

New results on the prevention of tax treaty shopping show progress continues with the implementation of international tax avoidance measures

The implementation of the BEPS package to tackle international tax avoidance continues to progress, as the OECD releases the latest peer review report assessing the actions taken by jurisdictions to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project.

Blog post: Building Government Capacity to Secure Mining’s Financial Benefits in Latin America

Tax base erosion & profit shifting (BEPS) in mining is a critical issue for Latin American governments. Officials say they need more capacity on mineral pricing & metals streaming.

OECD releases detailed technical guidance on the Pillar Two model rules for 15% global minimum tax

Today the OECD/G20 Inclusive Framework on BEPS released further technical guidance on the 15% global minimum tax agreed in October 2021 as part of the two-pillar solution to address the tax challenges arising from digitalisation of the economy. The Commentary published today elaborates on the application and operation of the Global Anti-Base Erosion (GloBE) Rules agreed and released in December 2021.

Tax challenges of digitalisation: OECD invites public input on the Implementation Framework of the global minimum tax

Stakeholder input on issues of administration, operation, compliance and rule co-ordination will be critical in identifying the Inclusive Framework’s priorities in developing the GloBE Implementation Framework that is efficient for taxpayers and tax administrations and preserve consistent and co-ordinated outcomes for MNE’s that avoid the risk of double taxation.