European Commission publishes report on tax reforms in EU Member States „Tax Reforms in EU Member States 2015 – Tax policy challenges for economic growth and fiscal sustainability”. According to the report, EU Member States have made progress towards improving their tax systems but most still face important challenges and should continue their efforts. The Tax […]
Tax & IFRS News [en]
VAT revenue collection has failed to show significant improvement across EU Member States according to the latest figures released by the European Commission. Based on VAT collection figures from 2013, the overall difference between the expected VAT revenue and the amount actually collected (the so-called „VAT Gap”) did not improve on 2012. While 15 Member […]
Under the FISCALIS 2020 programme a workshop on the VAT rules for passenger transport will take place in Ankara (Turkey) from 27 to 29 April 2015. The final report of the study on the impact of the current VAT rules for passenger transport that was published on 15 January 2015 constitutes the starting point for […]
European Commission launch a public consultation on a review of Regulation (EC) N° 1889/2005 “on controls of cash entering or leaving the Community”. Period of consultation: From 27.02.2015 to 01.06.2015 The objective of this consultation is to gain stakeholder and public input regarding a review of Regulation 1889/2005 “on controls of cash entering or leaving the Community”. […]
The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and the move to automatic exchange of financial account information took centre stage when Heads of Tax Administration met on 23-24 October in Dublin, Ireland. Nearly forty delegations, including international and regional tax organisations, participated in the Ninth Meeting of the OECD Forum on Tax Administration (FTA) and agreed that […]
Ca masura importanta spre a asigura o transparenta sporita si pentru a pune capat confidentialitatii bancare in probleme fiscale, OCDE a lansat varianta integrala a unui nou standard global pentru schimbul automat de informatii intre jurisdictii. Standardul pentru schimbul automat de informatii privind conturile financiare in scopuri fiscale solicita guvernelor sa obtina informatii detaliate de […]
On 22 November 2013, a request for input on the tax challenges of the digital economy was published on the OECD website, with a deadline of 22 December 2013. The OECD now publishes the comments received. The comments will be discussed by delegates to the Task Force on the Digital Economy at its February 2014 meeting. The following stakeholders […]
Action 13 of the BEPS – Base Erosion and Profit Shifting Action Plan released on 19 July 2013 calls for a review of the existing transfer pricing documentation rules and the development of a template for country-by-country reporting of income, taxes and economic activity for tax administrations. An initial draft of revised guidance on transfer pricing documentation and […]
Discussion Draft on transfer pricing documentation and country-by-country reporting released for public comment
Interested parties are invited to comment on this paper prepared by the OECD in the context of revision to Chapter V of the Transfer Pricing Guidelines.
17 January 2014– Delivered by Feed43 service
On 22 November 2013, a request for public comments on the tax challenges of the digital economy was launched. The OECD now publishes the comments received.
Report to the European Parliament and the Council on travellers’ allowances in accordance with Council Directive 2007/74/EC on the exemption from VAT and excise duty of goods imported by persons travelling from third countries.
The European Parliament and EU Member States reached a provisional agreement on the reform of the audit sector
The Commission proposed amendments to key EU corporate tax legislation, in order to significantly reduce tax avoidance in Europe. The proposal will close loopholes in the Parent-Subsidiary Directive, which some companies have been using to escape taxation. In particular, companies will no longer be able to exploit differences in the way intra-group payments are taxed […]
Hundreds of thousands of elected sub-national governments worldwide provide services and levy taxes on residents and companies.
OECD: Comments received on the definition of “permanent establishment” – Article 5 of the OECD Model Tax Convention
On 25 June 2013, the OECD released for public comment a discussion draft on the tax treatment of various payments that may be made following the termination of an employment. The OECD has now published the comments received on this discussion draft.
The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.
Working papers from the Centre for Tax Policy and Administration of the OECD that cover the full range of the Centres work on taxation with the main focus on tax policy related issues.
International efforts to combat tax evasion and avoidance got a boost today as additional countries and jurisdictions agreed to join more than 60 other countries in tax co-operation through a key multilateral tax instrument during the first day of a gl…
New regulation adopting standards: Commission Regulation (EU) No 1174/2013 of 20 November 2013 amending Regulation (EC) No 1126/2008
19 November 2013– Delivered by Feed43 service
OECD invites public comments on a discussion draft on technical changes to be included in the next update to the Model Tax Convention
The OECD Committee on Fiscal Affairs invites public comments on a discussion draft that includes various technical changes to be included in the next update to the OECD Model Tax Convention.
OECD invites public comments on a discussion draft on proposed changes to the provisions dealing with the operation of ships and aircraft in international traffic
The OECD invites public comments on a discussion draft that includes proposed changes to the OECD Model Tax Convention dealing with the operation of ships and aircraft in international traffic.
Today, the OECD held a public consultation on transfer pricing topics at the OECD headquarters in Paris. The meeting was attended by delegates from more than 35 countries and by more than 150 representatives of business, academia, civil society and the…
On 26 Sept. 2013, the Commission has today sent a reasoned opinion to Romania due to its failure to fully transpose the Directive on equality between men and women in self-employed activity. The deadline for transposition expired on 5 August 2012 and a letter of formal notice was sent to Romania in September 2012. So far Romania […]
On 26 sept. 2013, the European Commission has requested Romania to align its rules on valuation and accounting of purchased debt claims with EU law. According to EU law, as a general rule, items shown in the annual accounts shall be valued using a method based on the principle of purchase price or production costs. […]
On 26 sept. 2013, the European Commission has officially asked Romania to amend its discriminatory tax treatment of employment income of non-residents. Romanian legislation does not allow non-resident individuals who work and earn all or most of their income in Romania to benefit from personal and family deductions. This may result in unfair higher taxation in Romania, […]
On 26 Sept. 2013, the European Commission has formally requested Romania to change its administrative practice of refunding VAT. Almost all VAT refunds claims are systematically settled with unreasonable delays, sometimes taking over 180 days. This practice is not in line with EU VAT rules which foresee that VAT should be refunded swiftly so as not to create a […]