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International Standards for Automatic Exchange of Information in Tax Matters - Crypto-Asset Reporting Framework and 2023 update to the Common Reporting Standard

International taxation: OECD organises a regional training workshop on transfer pricing for West African countries in Lomé

As part of the Fiscal Transition Support Programme in West Africa (FTSP), the OECD is organising a training workshop on transfer pricing from 30 May to 1 June 2023 in Lomé, Togo, for representatives of the 15 Member States of the Economic Community of West African States (ECOWAS), the Islamic Republic of Mauritania, as well as the Commissions of ECOWAS and the West African Economic and Monetary Union (WAEMU).

Viet Nam deposits its instrument for the ratification of the Multilateral BEPS Convention

Vietnam ratifies BEPS Convention, now covering around 1850 bilateral tax treaties, showing commitment against abuse of tax treaties and BEPS by multinational enterprises. Effective from 1 September 2023.

Latin America and the Caribbean: Economic recovery and higher commodity prices drive rebound in tax revenues

Tax revenues as a share of GDP in Latin America and the Caribbean (LAC) rebounded to their pre-pandemic level in 2021 amid an economic recovery and higher commodity prices, according to a new report.

Double blow for workers as inflation drives real wages down and labour taxes up

Taxes on labour increased in 2022 as rising nominal wages pushed workers into higher tax brackets and reduced their eligibility for tax credits and cash benefits, according to a new OECD report.

Reform Options for Lithuanian Climate Neutrality by 2050

Zimbabwe joins Global Forum as 167th member

Zimbabwe has joined the international fight against tax evasion by becoming the 167th member – and 36th African member – of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Viet Nam joins Multilateral Convention to tackle tax evasion and avoidance

Today, at the OECD Headquarters in Paris, Mr. Cao Anh Tuan, Deputy Finance Minister of Viet Nam, signed the world’s widest-reaching international treaty for multilateral tax co-operation, the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (or the Convention), bringing the total number of jurisdictions that participate in the Convention to 147.

Sustained progress demonstrated in the latest OECD peer review results on the prevention of tax treaty shopping

These peer review results reveal that members of the Inclusive Framework on BEPS are respecting their commitment to implement the minimum standard on treaty shopping and further confirms the importance of the BEPS Multilateral Instrument (MLI) as the tool used by the vast majority of jurisdictions that have started to implement the BEPS Action 6 minimum standard.

Environmental Tax Policy Review of Andalusia

The Environmental Tax Policy Review of Andalusia provides a detailed review of the environmentally related tax framework in the areas of greenhouse gas emissions and air pollution, water usage and pollution, and waste and circular economy in the Autonomous Region of Andalusia, Spain. For each thematic area, the study identifies the scope for action at the regional level, assesses how Andalusia’s existing environmentally related taxes align with environmental tax policy principles and provides strategic recommendations to support Andalusia to improve environmental outcomes and enhance national and global environmental performance.