OECD Tax’s Post

Effective dispute prevention and resolution mechanisms constitute an important part of a trustworthy relationship between taxpayers and the tax administration, as they ensure legal and tax certainty for MNEs and individuals.

https://lnkd.in/dYQh8MBM Greece Enacts Pillar Two Rules!! Get the details on the QDMTT, IIR, and UTPR timelines and how they impact your business with EY’s tax alert.

[OUT NOW] New peer review report evaluating jurisdictions' efforts to curb tax treaty shopping and other forms of treaty abuse under BEPS Action 6 & revised peer review documentation. The sixth peer review report includes data on tax treaties concluded by jurisdictions that were members of the OECD/G20 Inclusive Framework on BEPS as of 31 May 2023. The report reveals that most agreements concluded between the members of the Inclusive Framework are either already compliant with the Action 6 minimum standard or will shortly come into compliance, showcasing concerted efforts to tackle international tax avoidance. The 2024 revised peer review documents were also released today and form the basis on which the peer review process will be undertaken as of 2024. The consolidated document includes the Terms of Reference - setting out the criteria for assessing the implementation of the Action 6 minimum standard - and the Methodology - outlining the procedural mechanism by which the review will be conducted. 🗞️ 📙 Read more & access the documents ➡️ https://oe.cd/5sM   #OECD #OECDtax #tax #BEPS #InclusiveFramework #Action6 #peerreview #minimumstandard #taxtreaties #treatyshopping #treatyabuse #taxavoidance 

📌🧩 Latest OECD report (20Mar24) on preventing tax treaty shopping 💬👇🏼

Following on from the abridged statistics presented on Tax Certainty Day 2023, we're delighted to announce the full set of ICAP statistics (covering all completed cases from Pilot 1 to date) will be released on the OECD website next week. 📨 [email protected] #OECDTax #OECDICAP #OECD #OECDtax #tax #CbCR #taxcertainty #compliance #taxcompliance OECD Tax

On February 19, 2024, the Council of the OECD approved an updated version of the commentary on Article 26 (Exchange of Information) of the OECD Model Tax Convention. A number of technical changes were made to facilitate international tax cooperation and information exchange. The updates align with the provisions of the Guidance on the Implementation of Confidentiality in the Convention on Mutual Administrative Assistance in Tax Matters and in Article 26 of the OECD Model Tax Convention, including the Commentary from February 8, 2021, with similar changes in the Convention. In particular, the update clarifies that information obtained through administrative assistance may be used for tax purposes concerning persons other than those originally requested (to the extent that such information is relevant to the tax case involving that specific taxpayer). Procedures and conditions for the exchange of information not related to specific taxpayers, including statistical data or analytical information that may be disclosed to third parties, are also established. In this context, the OECD's document from the previous year, addressing the benefits, conditions, and challenges of using exchanged information under double taxation avoidance agreements for non-tax purposes, including combating illegal financial flows, is also of interest. The document proposes possible approaches to optimizing and facilitating this cooperation, based on the experience of the Latin American initiative. This is a relevant topic for discussions on mechanisms for detecting violations. Our team are always ready to provide high-quality consultation and help you solve your tasks. Follow our page for further notification and articles or write to us on Email/WhatsApp/Viber/Telegram +380 98 363 6493, or call us. #OECD #TaxInformation #InternationalTax #TaxConvention #TaxCompliance #TaxPlanning #MultinationalCorporations #FinancialTransparency #CorporateServices #TaxAdvisory #TaxOptimization #TaxStrategy #FinancialSecurity #BusinessEthics #AntiMoneyLaundering #CorporateGovernance #TaxLiabilities #TaxRiskManagement #FinancialRegulations #TaxConsulting #LegalCompliance #TaxPolicies #TaxEnforcement #TaxInvestigations #TaxReporting #OffshoreAccounts #BeneficialOwnership #TaxHavens #TaxFraud #FinancialIntelligence #TaxLegislation #TaxImplications #TaxServices

EU Minimum Tax Directive - 👇A special edition of #kpmg's Euro Tax Flash to outline some of the key insights on the state of play of the implementation:

[OUT NOW] Updated FAQs on the International Compliance Assurance Programme! The OECD Forum on Tax Administration (FTA) released today an updated list of Frequently Asked Questions about the International Compliance Assurance Programme (ICAP). These FAQs provide clarity around issues such as the use of tax advisors in an ICAP risk assessment, the availability of ICAP to taxpayers below the Country-by-Country Reporting threshold, and the use of surrogate lead tax administrations. The OECD is committed to continuing the growth of ICAP. Interested MNE groups should contact the tax administration in the jurisdiction where their ultimate parent entity is resident in advance of the next application deadline of 30 September 2024.   📥 Access the updated FAQs ➡️ https://oe.cd/icap-faqs More information on the ICAP official website ➡️ https://oe.cd/icap   #OECDtax #OECD #tax #ICAP #FAQs #TrustinTax #TaxTransparency #TaxReporting #CbCReporting #RiskAssessment #Innovation #TaxAdministration

I had the privilege of presenting at the recent BRITACOM Virtual Seminar, "Raising Tax Certainty," alongside my colleagues Anastasiya Piakarskaya and Timoleon Angelos Christodoulopoulos . In our presentation, "Tax Certainty and Cross-border Tax Disputes," we highlighted the importance of tax certainty for fostering a stable and predictable business environment. We discussed the transformative power of #technologies and the potential of Multilateral Cooperative Compliance (#MCC) Programs to achieve this goal. Additionally, we delved into strategies for preventing and resolving cross-border #VAT/GST #disputes, including the creation of the BRI Mediation Panel. This experience has reaffirmed the WU Global Tax Policy Center (WUGTPC)’s commitment to driving positive change in the tax landscape and fostering cooperation. Seize the opportunity to contribute to the global dialogue on tax certainty by completing our surveys: Cross-border VAT disputes: https://lnkd.in/dSR7fU-4 Multilateral Cooperative Compliance: https://lnkd.in/dhT3vHex Tax Control Frameworks: https://lnkd.in/dhKf6Hzh #Taxation #BRI #GlobalCooperation #taxlaw #taxlawvienna #TaxCertainty #InnovationInTaxation #Technology #Taxdisputes #Cooperativecompliance

The #gtpc team was honored to present at the recent #BRITACOM Virtual Seminar “Raising Tax Certainty” on December 12, 2023. Our key areas of focus included: 📌 Why #taxcertainty is important 📌 Leveraging #technologies for tax certainty 📌 The role of #Cooperativecompliance in minimizing cross-border #taxdisputes 📌 The strategies for cross-border #VAT / #GST disputes prevention and resolution.   This experience has further fueled our commitment to driving positive change in the #tax environment. We invite you to join the #globaldialogue on tax certainty by sharing your thoughts and insights. #taxpolicy #taxlaw #taxlawvienna #technology #cooperation #bri #crossborder #disputeresolution