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IEIM140200 - International Exchange of Information Manual - HMRC internal manual

IEIM140200 - Background ICAP started as a pilot in January 2018. involving eight tax administrations. The key driver behind the development of ICAP was to provide a new pathway to tax certainty for MNE groups and tax administrations. Following the completion of the first pilot, a second pilot with 19 tax administrations taking part, was announced in March 2019. The second pilot sought to test new approaches and the learnings from the first pilot. Following the successful completion of the second pilot, the OECD’s Forum on Tax Administration (FTA) agreed ICAP can roll out as a formal programme. The UK has played an active role in both ICAP pilots and has confirmed it will continue to participate in ICAP.

ICAP: Taking disputes off the MAP

ICAP offers some benefits that MAP and APAs cannot February 2021 saw the publication of the OECD Forum on Tax Administration’s handbook on the International Compliance Assurance Programme (ICAP) and the launch of ICAP as a full-fledged, permanent dispute prevention programme.  ICAP provides a framework for multilateral risk assessment, allowing a multinational enterprise (MNE) to present its transfer pricing (TP), permanent establishment, and other international tax positions to a number of participating tax administrations.  ICAP was first explored during two rounds of pilot programmes. The initial 2017 pilot involved eight tax administrations, while 19 participated in the 2019 ‘ICAP 2.0’ pilot. It is a voluntary programme that is open by application; MNEs interested in potentially participating are invited to confer with the tax authority of the jurisdiction where their ultimate parent entity resides prior to the next application deadline of September 30 2021. Participat

Greece: Ethics in taxation with the advent of the mandatory disclosure regime

MDR forces intermediaries to disclose cross-border arrangements All governments are faced with the increasing challenge of how to manage global taxpayers though their national tax systems. It is a fact that globalisation has resulted in a move away from country-specific operating models toward global business models, which may also be perceived to increase mass-marketed aggressive tax planning. However, globalisation also provides an opportunity to develop new ways of cooperation between tax authorities, as well as new ways to exchange experiences and information on a global scale.  To secure global tax revenue, the OECD created a set of consensus-based international rules to address BEPS, taking into consideration that taxation is a tripartite environment, where intermediaries are one of the participants – the other two being the revenue bodies and taxpayers. 

OECD s Forum on Tax Administration - International Accounting Bulletin

Zoya Malik December 18, 2020 (Last Updated January 25th, 2021 13:29) The OECD’s Forum on Tax Administration has published a discussion paper setting out a vision for the digital transformation of tax administration looking at what more is possible in tax administration and discusses the step change that is available to tax administration through adopting new technologies and new ways of working Share Article The OECD’s Forum on Tax Administration has published a discussion paper setting out a vision for the digital transformation of tax administration  looking at what more is possible in tax administration and discusses the step change that is available to tax administration through adopting new technologies and new ways of working

Comment Details - OECD s Forum on Tax Administration

Comment Details - OECD s Forum on Tax Administration
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