BEPS Archives - IMC

BEPS Tag

Considering the various steps being taken for enhancing transparency across various jurisdictions the Financial Services and the Treasury Bureau (FSTB), of the Hong Kong Government has also started preparing itself and committed to support the implementation of automatic exchange of financial account information to deal...

On 20th February 2017, the finance minister of Singapore, Heng Swee Keat delivered his budget speech. In this speech, he gave a brief but an important comment about the Base Erosion Profit Shifting (BEPS) project and the adjustments expected to be made by many countries...

The British Virgin Islands has confirmed that it will implement the OECD's base erosion and profit shifting (BEPS) minimum standards as a BEPS Associate member. The BVI has said it will participate in the new "Inclusive Framework" announced by the OECD. As a member of the...

New information on Country-by-Country reporting should give more certainty to tax administrations and multinationals on how to implement it. On 5 December 2016, the OECD released further guidance on Country-by-Country (CbC) reporting and country-specific information on implementation of the guidance. CbC reporting is linked to action...

Background The fiscal budget was announced in India on 29 February 2016. Like every year the government released several measures to accelerate growth and development in the country. One of the most important developments from a Transfer Pricing (TP) regulations perspective was introduction of Country-by-Country (CbyC)...

31 countries have now signed a MCAA enabling the automatic exchange of CbC reports from each reporting entity between the competent authorities. The agreement handles the exchange of CbC reports as stated in BEPS action plan 13. This action plan has amended Chapter V of the...

Intellectual Property (IP) Box alignment with the OECD’s BEPS Action 5 conclusions announced, with maximum transitional arrangements The Cyprus Ministry of Finance (MoF) announced on December 30, 2015 that it will propose amendments to the current Cyprus intellectual property (IP) Box in order to introduce a...

On April 2, 2015, the Finnish tax authority signed a co-operation pact with the African Tax Administration Forum (ATAF), to support African tax authorities to implement changes to their international tax and transfer pricing regimes. The co-operation deal, which will extend to the administrations of over...

On March 18, 2015, the European Commission presented a package of transparency measures aimed at tackling corporate tax avoidance and harmful tax competition within the European Union. The transparency package is said to be "the first step in the Commission's ambitious agenda for 2015 to fight...