OECD – TAX ADMINISTRATION: TOWARDS SUSTAINABLE REMOTE WORKING IN A POST COVID-19 ENVIRONMENT. 19 JULY 2021

The COVID-19 pandemic saw a significant shift among most tax administrations to remote working by many of their staff. As tax administrations consider the shape of the post-COVID workplace, many are examining the options for some degree of continued remote working for employees on a longer-term basis. This note explores some of the key issues…

OECD – Model Reporting Rules for Digital Platforms. International Exchange Framework and Optional Module for Sale of Goods

1. On 29 June 2020, the OECD/G20 BEPS Inclusive Framework approved the Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy (the “Model Rules”). Under the Model Rules, operators of digital platforms are required to collect information on the income realised by those offering accommodation, transport and…

OECD – Guidance on the transfer pricing implications of the COVID-19 pandemic

The  “Guidance  on  the  transfer  pricing  implications  of  the  COVID-19 pandemic”  represents  the  consensus  view  of  the  137  members  of  the Inclusive Framework on BEPS regarding the application of the arm’s length principle and the OECD Transfer Pricing Guidelines to issues that may arise or be exacerbated in the context of the COVID-19 pandemic. The…

OECD WORK ON TAXATION 2021

OECD WORK ON TAXATION 2021. CTPA responded quickly to the COVID-19 crisis by providing data, guidance and tools to help all countries adapt their tax policies and tax administrations to help people and businesses stay afloat through the pandemic. The 2020 report, Tax and Fiscal Policy in Response to the Coronavirus Crisis – Strengthening Confidence…

OECD. AFRICAN UNION. TAX TRANSPARENCY IN AFRICA 2021. AFRICA INITIATIVE PROGRESS REPORT

OECD. AFRICAN UNION. TAX TRANSPARENCY IN AFRICA 2021. AFRICA INITIATIVE PROGRESS REPORT. The Africa Initiative, its members and partners Given the high levels of illicit financial flows from African countries, and recognising the potential of tax transparency and exchange of information to raise resources for development, African members of the Global Forum on Transparency and…

OECD – STANDARD FOR AUTOMATIC EXCHANGE OF FINANCIAL ACCOUNT INFORMATION IN TAX MATTERS

The Common Reporting Standard (CRS), developed in response to the G20 request and approved by the OECD Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the…

OECD Policy Responses to Coronavirus (COVID-19) – Guidance on the transfer pricing implications of the COVID-19 pandemic

The unique economic conditions arising from COVID-19 and government responses to the pandemic have led to practical challenges for the application of the arm’s length principle. For taxpayers applying transfer pricing rules for the financial years impacted by the COVID-19 pandemic and for tax administrations that will be evaluating this application, there is an urgent…

OECD – Tax and Development Case Study. Learning by doing in Georgia. Building tax audit capacity in the Georgia Revenue Service

OECD – Tax and Development Case Study. Learning by doing in Georgia. Building tax audit capacity in the Georgia Revenue Service. This case study focuses on capacity building work with the Georgia tax authorities. The hands-on, practical approach of support from the joint OECD/UNDP Tax Inspectors Without Borders initiative has improved auditors’ skills and confidence…