Oecd beps action 13

See our guide to the BEPS timeline below. Addressing base erosion and profit shifting ( BEPS ) is a key priority of governments. Let us give you just one example.

Action Points BEPS – Conclusion. KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated. This report is called Country-by-Country (CbC) Report.

Understanding and addressing BEPS -related developments and their potential impacts are now more essential than ever. Tax Departments not only need to understand these new guidelines, but also implement and govern brand new processes. A new standard that has already been implemented in many countries, and others are currently following.

CbCr is an annual recurring obligation. The Forum of Harmful Tax Practice. After the BEPS package was release implementation of its recommendations became the focus of the work.

If a CbyC effective date is listed and filing date is BLANK, please see the Country Detail tab to determine the first filing deadline. This table provides a summary of the alignment between the country-by-country reporting required by.

Richard van der Linden’s presents on the details and implications of this important topic. It contains recommendations addressed to countries and territories. Switzerland is not affected.

The increased documentation requirements might give rise to a need for adjustments of the currently applied transfer pricing system. OECD and BEPS standards. The Brazilian Federal Revenue Office Feb. It consists of thematic actions, covering the elements used in corporate tax-avoidance practices and aggressive tax-planning schemes. On behalf of Tax Executives Institute, Inc.

BEPS is tax planning that shifts profits “in ways that erode the taxable base to locations where they are subject to a more favour-able tax treatment. A summary overview of the. The work program identifies options to. Additional guidance has continued to roll out from the Inclusive Framework on Base Erosion and Profit Shifting ( BEPS ). It specifies that transfer pricing documentation for multinational enterprises must include: A master file outlining your company’s transfer pricing policies and business activities.

China: The tax authorities issued the long-awaited rules that introduce new transfer pricing and documentation requirements based on BEPS action 13. However, in the context. Colombia was among the assessed jurisdictions in the sixth batch.

Transfer Pricing Documentation and Country-by-Country Reporting. Multi-National Companies and their Advisers will do well to Carefully Study the Impact and watch out for changes in Local Tax Legislation.

Under this approach, transfer pricing documentation would. The Discussion Drafts are as follows. Access both online and pdf versions of all EY Global Tax.