​Tax Administration 2022, the tenth edition in the series, provides internationally comparative data on aspects of tax systems and their administration and includes a variety of examples to highlight recent innovations and good practices. It aims to assist administrations, governments, taxpayers and other stakeholders in considering how and where improvements can be made in the efficiency and effectiveness of tax administration. For the first time,...

On Thursday 19th of may, MEPs approved a Commission proposal implementing the recent international agreement on a global minimum corporate tax rate of 15%.Background The aim of the directive is to transpose into EU law the reform of the rules on international corporate taxation which were agreed by the OECD/G20 in December 2021. This global agreement aims to ensure a minimum corporate tax rate of...

Rising household incomes in 2021 along with the reversal of many pandemic tax-and-benefit policies led to the rise in effective taxes on wages rise across the OECD – a turn-around from 2020.Taxing Wages 2022 shows that rising household incomes in 2021 coupled with the reversal of many tax and benefit policies linked to the pandemic drove increases in effective taxes on wages across the OECD....

The currently applicable double tax treaty between France and Belgium was concluded in 1964 and has been amended many times until 2009. After several years of negotiations, Belgium and France finally signed a new double tax treaty (hereafter, the “new Treaty”). The 1964 Treaty remains applicable until the new Treaty has been ratified by the French and Belgian parliaments. Assuming the ratification occurs in 2022,...

On 18 February 2022, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD invited public comments on the Draft Rules for Tax Base Determinations under Pillar One Amount A to assist members in further refining and finalising the relevant rules. The OECD...

Promoting gender equality, as reflected in the Universal Declaration of Human Rights and the Sustainable Development Goals, is a human rights objective for many governments, including in G20 and OECD countries.Improving gender equality is not only an issue of fairness but can also produce a significant economic dividend. Working towards more inclusive economies in which women participate fully is important for economic growth and, in...

Following the success of its first edition in January 2021, the OECD is pleased to host the Second Tax and Development Days on 16-17 February 2022. Due to the ongoing health crisis, the event will be held virtually on Zoom. About All members of the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) and key stakeholders are invited to participate, with all sessions also open to...

The restrictions on the free movement of capital imposed by that legislation are disproportionate On the 15 February 2017, the Commission issued a reasoned opinion in which it found that certain aspects of the requirement for Spanish tax residents to declare overseas assets or rights [1] by means of a form entitled ‘Form 720’ were incompatible with EU law. According to the Commission, the consequences...

Tax experts from Mazars Société d’Avocats (France) and CAZIMIR (Belgium) have analyzed the potential impacts of the changes of the new Treaty for their clients (wealthy individuals and owners of family businesses). In this article, we will focus on the situation of individuals residing in Belgium who hold real estate property located in France. Please note that our contributions only look at the situation from...

The OECD releases the 2022 edition of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. In a global economy where multinational entreprises (NMEs) play a prominent role, governments need to ensure that the taxable profits of MNEs are not artificially shifted out of their juridiction ant that the tax base reported bij MNEs in their country reflects th economic activity undertaken...

​Tunisia has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2024. This commitment makes Tunisia the 121st Global Forum member to commit to start AEOI by a specific date, and the tenth African country to do so.​“Tunisia’s commitment to the automatic exchange of information on financial accounts is a further essential step in the fight...

The OECD has published detailed “Pillar Two” rules that will help governments drive forward the implementation of the landmark 2021 tax agreement, ensuring a global minimum 15% tax rate for Multinational Enterprises from 2023. Download the report (PDF) The Pillar Two model rules provide governments a precise template for taking forward the two-pillar solution to address the tax challenges arising from digitalisation and globalisation of...

​First published in 2017, Fighting Tax Crime - The Ten Global Principles is the first comprehensive guide to fighting tax crimes. It sets out ten essential principles covering the legal, institutional, administrative, and operational aspects necessary for developing an efficient and effective system for identifying, investigating and prosecuting tax crimes, while respecting the rights of accused taxpayers. This second edition addresses new challenges, such as...

G20 leaders met for a two-day summit hosted by the Italian G20 presidency in Rome on 30 and 31 October 2021. At the end of two days of working sessions and side events, the G20 Leaders adopted the G20 Rome Leaders Declaration. This document is the final outcome of an intense year of negotiations and events organized in the framework of the Italian G20 Presidency.Main...

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...

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...

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...

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...

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...

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...