As part of the ongoing work of the OECD/IGF partnership on base erosion and profit shifting in the mining programme, the OECD and IGF are seeking public comments on two toolkits. The first toolkit provides a framework that is designed to support developing countries in addressing the transfer pricing challenges faced when pricing minerals. The second toolkit applies this transfer pricing framework to a specific mineral (bauxite).
Tax Transparency in Asia 2023: Asia Initiative Progress Report acknowledges progress achieved in Asia between 2009 and 2022 in implementing transparency and exchange of information (EOI) for tax purposes.
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.
Mongolia has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2026.
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.
On 30 March 2023, within the framework of the pilot project for the wider use of treaty-exchanged information for non-tax purposes under the Latin America Initiative – Punta del Este Declaration, 194 officials from tax and non-tax agencies from Argentina, Costa Rica and Paraguay attended the second module on confidentiality and data safeguards delivered by the Secretariat of the Global Forum.
The Global Forum published today seven new peer review reports on transparency and exchange of information on request, for six of its members (Albania, the Czech Republic, Mexico, Nigeria, Saint Lucia and Togo) and one non-member, which had previously been deemed of relevance to its work on EOIR (Nicaragua).
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.
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.
Mexico ha depositado su instrumento de ratificación de la Convención Multilateral que implementa las medidas relacionadas a convenios tributarios para prevenir la erosión de la base imponible y el desvío de beneficios con lo cual acentúa su fuerte compromiso para prevenir el abuso de los convenios tributarios, la erosión de la base imponible y el desvío de beneficios por parte de empresas multinacionales.