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A ground-breaking tax deal for the digital age

OECD : Major reform of the international Tax system finalised on the 8 october will ensure that Multinational Entreprises will be subject to a minimum 15% tax rate from 2023 The landmark deal, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, will also reallocate more than USD 125 billion of profits from around 100 of the world’s largest and most...
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Tax administrations continue to accelerate their digital transformation ...

Tax administrations are investing significant resources in the development of e-services and digital solutions and are embracing opportunities for fast tracking digital transformation to improve their services, reduce burdens, and improve tax compliance, according to a new OECD report. This ninth edition of the OECD's Tax Administration Series provides internationally comparative data on aspects of tax systems and their administration in 59 advanced and emerging...
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Disclosed/Undisclosed Agent in the EU VAT: When Is an Intermediary Acting in Its Own Name ?

In the issue 5, 2021 of the International VAT Monitor, I summarize various arguments raised in the Case C-695/20 Fenix International Ltd pending before the Court of Justice of the European Union. Is such e-platform a "disclosed agent" only because the final customer knows the name of the actual supplier who also determines the amount of the subscription fee ? The answer to...
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New OECD data highlights the importance of the international tax reform discussions

New data, released on 27/07/2021 underlines the importance of the two-pillar plan being advanced by over 130 members of the OECD/G20 Inclusive Framework on BEPS to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. Working with over 100 countries, the OECD is a global policy forum that promotes policies to improve the economic and social...
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Accountants – REACT now and help SMEs adapt to new VAT e-commerce rules

The changes to the EU e-commerce rules will take effect from 1 July 2021. This factsheet provides a high-level summary of the main changes and how accountants can support their SME clients. Time is of the essence. The rule changes will greatly affect SMEs active in e-commerce. Accountants should research the changes as soon as possible to be able to inform and support their clients. We...
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For tax and customs professionals across the EU ...

This European Commission’s new Learning Portal offers opportunities for customs and tax professionals to build, upscale or share profession-relevant knowledge and expertise through initiatives ranging from educational online learning to the organisation and hosting of multiple learning events in online and presence formats. Based on sharing of best practice, cross-country collaboration and tailored learning, this interactive training opportunity supports continuous skills & knowledge building for...
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New oecd report -Taxing Wages 2021 : and the winner is Belgium ...

Taxing Wages 2021 shows that declining household incomes coupled with tax reforms linked to the pandemic are driving widespread declines in effective taxes on wages across the OECD. Between 2019 and 2020, the tax wedge for this household type decreased in 31 countries, and rose in only 6. It decreased by more than 1 percentage point in 16 countries. The largest decreases were in Lithuania,...
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Save the date : 20 April, 16.00 CET

How can green taxation help achieve the EU’s ambitious climate goals? Join the #EUGreenTaxation online event to discuss how to make our tax systems greener The European Union has set out ambitious targets to tackle climate change and foster a cleaner environment, with a view to becoming a climate-neutral continent by 2050. Environmental taxation can play a positive and active role in achieving these...
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Call for contributions: sustainable tax systems

Accountancy Europe (AE) is calling for thought leaders in taxation to share their views on the changes necessary to make tax systems fit for the future. Our current tax systems are struggling to keep up with new business models, ageing demographics, and mobile taxpayers. The coronavirus crisis, climate urgency and social stresses have exacerbated these difficulties. Accountancy Europe believes now is the time...
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2021 edition of the Tax Justice Network’s biennial Corporate Tax Haven : Netherlands (4) en Belgium (16)...

The 2021 edition of the Tax Justice Network’s biennial Corporate Tax Haven Index sees OECD countries or their dependencies take up the top six spots on the ranking of the world’s greatest enablers of corporate tax abuse. These are, in descending order, the British Virgin Islands, Cayman and Bermuda – three British Overseas Territories where the UK government has full powers to impose or veto...
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Business taxation for the 21st century : the Commission would like to hear your views.

Global developments and technological progress, in particular digitalisation, change societies.Taxation has a role to play to ensure Europe seizes the opportunities offered by these developments whilst securing its social market economy. To deliver on this ambition, the European Commission will take stock of the discussion in international fora on reforming the international tax system and present its vision for a way forward to ensure that...
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OCDE - international taxes update

OECD Secretary-General presents in February 2021 a Tax Report to G20 Finance Ministers and Central Bank Governors. A lot of valuable and updated informations about The OECD’s International Tax Agenda (Tax challenges arising from digitalisation, response to Covid -19, tax and environment, beds measures, tax transparency developments, supporting developing countries) and the Global Forum on Transparency and Exchange of Information for Tax Purposes Progress...
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OECD calls on countries to crack down on the professionals enabling tax and white collar crimes

25/02/2021 - Countries should increase efforts to better deter, detect and disrupt the activities of professionals who enable tax evasion and other financial crimes, according to a new OECD report. Ending the Shell Game: Cracking down on the Professionals who enable Tax and White Collar Crimes explores the different strategies and actions that countries can take against those professional service providers who play a crucial...
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Automatic Exchange of Information: Guide on Promoting and Assessing Compliance by Financial Institutions

Automatic Exchange of Information (AEOI) under the Common Reporting Standard (CRS) and the United States Foreign Account Tax Compliance Act (FATCA) involves the exchange of large amounts of information on financial accounts between tax administrations. For the receiving tax administration to be able to use this information effectively requires both the sending administration and all Financial Institutions (FI) to have sufficiently robust due diligence...
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Tax Debt Management Network: Enhancing International Tax Debt Management

This report, which has been developed by the Forum on Tax Administration's (FTA) Tax Debt Management Network, looks at some of the main challenges currently facing international tax debt collection and makes a number of recommendations to help address them. These challenges include a lack of reliable statistics to inform decision-making, potential difficulties that can be faced in tracing debtors and assets, as well as...
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Supporting SMEs to Get Tax Right Series: Strategic Planning

This report is intended to assist tax administrations in the development and implementation of strategic approaches to support SMEs with tax compliance as well as to identify opportunities for burden reductions. It also provides some country examples as to the development and implementation of such strategies, including two case studies. About Published 8 December 2020 Download the report English (pdf) It is the...
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The Digital Transformation of Tax Administration

Digital transformation of tax administration is a journey which will take many years and requires many pieces to fit together to realise the full benefits. Heads of tax administration agree global actions to meet the current economic and administrative challenges. Tax Administration 3.0 Published 8 December 2020 Download the report English (PDF) About This discussion document by the Forum on Tax Administration (FTA) sets...
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Unintended and Undesired Consequences: The Impact of OECD Pillar I and II Proposals on Small Open Economies

Corporate tax laws vary significantly between different jurisdictions. Over the past four decades, governments globally competed for business activity by lowering statutory and effective corporate tax rates. Many governments provide special tax incentives for businesses to invest and expand employment. Special economic zones often grant full corporate tax exemptions to stimulate commercial development. Corporate income tax incentives for research and development activities are common across...
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Progress in implementing tax transparency through Action 13 Country-by-Country reporting

The OECD has released the outcomes of the third phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide. CbC reporting, one of the four minimum standards of the BEPS Project, requires tax administrations to collect and share detailed information on all large MNEs doing business in...
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Progress in implementing tax transparency through Action 13 Country-by-Country reporting

The OECD has released the outcomes of the third phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide. CbC reporting, one of the four minimum standards of the BEPS Project, requires tax administrations to collect and share detailed information on all large MNEs doing business in...