BEPS
Ireland Amends The Transfer Pricing Rules To Better Harmonize With OECD Standards
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February 21st, 2019
The Irish government has called for input on proposals designed to better harmonize domestic transfer pricing rules with OECD standards, including adoption of the authorized OECD approach (AOA) to profit attribution and enhanced documentation rules.
Incorporation of the BEPS Action 8-10 and Action 13 .
Hong Kong To Exchange Financial Account Info In Tax Matters Soon And Expanding CDTAs With One-Belt-One-Road Countries
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April 19th, 2018
James Lau, the Secretary for Financial Services and the Treasury in Hong Kong, announced the plan for Hong Kong to implement Automatic Exchange of Financial Account Information in Tax Matters and further expand its Comprehensive Avoidance of Double Taxation Agreements (CDTAs) network. The Secretary also indicated that Hong Kong is not going to expand its tax base considering the healthy fiscal reserve held currently by the Government.
OECD And IGF Consult Mining Sectors on BEPS Issues In Developing Countries
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April 19th, 2018
It has been noted that multinationals frequently employ excessive interest deductions as a conduit to transfer their profits out of the minor jurisdictions. On April 18, 2018, OECD and Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) jointly issued a discussion draft on Limiting the Impact of Excessive Interest Deductions on Mining Revenues.
BEPS Action Calendar - Are You In Control of Your Compliance Deadlines?
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February 7th, 2018
Multinational Enterprises (MNE) have always been aware and cautious of risks and penalties associated with non-compliance with their filing requirements. But in the post-BEPS world, the risks of compliance without appropriate ‘risk management’ undoubtedly outweigh those of mere non-compliance.
Are You BEPS Proof? BEPS 2018 Readiness Test and Report in One Week
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January 17th, 2018
Today tax executives are feeling the heat due to enduring pressure to improve efficiency, grow revenue and ensure control. Increasing tax regulatory requirements are making “being in control” even more challenging.
Implementation of BEPS Action 13 - Argentina, Mexico and other countries of Central America
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November 22nd, 2017
Whilst many countries around the world have been implementing Action 13 of BEPS, countries in Latin and Central America also continue gradually advancing in the incorporation of the Country by Country report, Master File and Local file in their domestic legislation and therefore assuming the new challenges on transfer pricing documentation recommended by the OECD.
Current Status and Implications .
Last Opportunity On CbCr Filing To Avoid 'Leakage Of Data'
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November 9th, 2017
When filing your Country-by-country report, multinationals should - by way of a seperate letter - request their tax authorities where they file their CbC report, to not disclose their CbC report to governments who are not compliant with the ISO/IEC 27000-series standards .
Although OECD has made clear statements on 'security of data' in their handbooks and other publications, it is not always clear who has been given the authority to validate the ISO compliance status of other governments who are receiving these CbC reports.
Mexico - New Digital Platform services Local File, Master File and Country-by-Country Declaration
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November 2nd, 2017
The Mexican Tax Administration Service (Servicio de Administración Tributaria, SAT) recently announced that a digital platform on the SAT’s website was to come into service on November 1, 2017. The platform provides obliged tax payers with access to presenting declarations regarding Transfer Pricing information returns and corresponding digital forms.
Implementation Of BEPS Action 13 - Chile, Colombia, Peru and Uruguay
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November 2nd, 2017
Whilst many countries around the world have been implementing Action 13 of BEPS, countries in Latin and Central America also continue gradually advancing in the incorporation of the Country by Country report, Master File and Local file in their domestic legislation and therefore assuming the new challenges on transfer pricing documentation recommended by the OECD.
Current Status and Implications .
South African Notice On Return Submission Regarding CbCR And Master File
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October 20th, 2017
South Africa issued a notice on the return to be submitted by persons in terms of the Country-by-Country Regulations. Taxpayers concerned are required to file Country-by-Country reports, master and local files.
Switzerland - Act on Country-by-Country Report Enters into Force Since 2018
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October 20th, 2017
The Federal Council decided to bring the Federal Act on the International Automatic Exchange of Country-by-Country Reports of Multinationals (CbC Act) and the Multilateral Competent Authority Agreement of 27 January 2016 on the Exchange of Country-by-Country Reports (CbC MCAA) into force.
CbC Act and CbC MCAA .
Africa - Building Pleasant Investment Climate With Tax Certainty
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October 17th, 2017
The Consultative Workshop on Tax Certainty is to be held in Dar es Salaam, Tanzania on October 25, 2017. The three-day workshop will convene officials from 20 African tax authorities and ministries of finance, and experts from the OECD and the IMF.
Singapore’s Tax Incentives Meet BEPS Standards
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October 17th, 2017
The Forum on Harmful Tax Practices (FHTP) has released a progress report on preferential regimes that were reviewed in 2016 and 2017. Specifically, FHTP has assessed that Singapore’s tax incentives satisfy the international standards on countering harmful tax practices under the OECD/G20 Base Erosion and Profit Shifting (BEPS) project.
BEPS Software Series - Automation Through Cloud Solutions
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October 17th, 2017
Are you tired out from transfer pricing (TP) compliance burden? Now it’s time to look at automated solutions. Our BEPS Software will automate data collection and the three tiered TP documentation to ensure a streamlined BEPS compliance under BEPS Action 13 requirements.
OECD - A Further Step on BEPS Action 13
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October 12th, 2017
The OECD released the Country-by-Country Reporting (CbCR) implementation status, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA"). This is a further step to implement CbC Reporting in accordance with the BEPS Action 13 minimum standard.
OECD - Feedback on PE Profit Allocation and Profit Splits Draft Released
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October 10th, 2017
The OECD released the public comments received on BEPS discussion drafts on attribution of profits to permanent establishments and transactional profit splits. The two discussion drafts were issued on June 22, 2017 for public feedbacks, and a public consultation will be held on November 6 to 7, 2017 in Paris.
OECD: Making Dispute Resolution More Effective - MAP Peer Review Report (NEW)
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October 2nd, 2017
The following BEPS related publications have been release by the OECD.
If you are interested in the theme covered by the books mentioned above, we invite you to visit www.
Transfer Pricing Under BEPS In Latin American And Caribbean Countries
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September 28th, 2017
The Inter-American Center of Tax Administrations (CIAT) recently reported the outcome of seven activities since 2014 to disseminate the content of the BEPS Action Plan. The countries gave their view on the level of priority of the different actions based on their respective contexts and shared their experience in applying BEPS reports, among which Actions 8 to 10 keep receiving the highest priority level.
Tax Technology Event 2017 - From ‘Staying Out Of Trouble’ To ‘Being In Control’
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September 7th, 2017
This workshop is organized to assist businesses in finding their way through the world of tax technology solutions.
Thursday, 7 September 2017
PANA Publishes A Study Addressing Member States' Anti-Tax-Avoidance Capacity
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August 25th, 2017
The European Parliament's Committee of Inquiry into Money laundering, tax avoidance and tax evasion (PANA) published a new study addressing Member States' capacity to fight tax crimes. The study consist of ex-post impact assessment and investigates national provisions to combat tax avoidance and tax evasion, plus money laundering laws and their enforcement.

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