The OECD’s public consultation on transfer pricing documentation and country-by-country reporting on 19 May
The OECD will hold a public consultation on the discussion draft on transfer pricing documentation and country-by-country reporting on 19 May 2014 at the OECD Conference Centre in Paris, France. The public consultation will be broadcast live on the Internet and can be accessed on line. No advance registration will be required for Internet access. Persons wishing
BEPS Webcast – A focus on the digital economy, 17 April 2014
The OECD recently released its discussion draft focused on the digital economy as part of the Base Erosion and Profit Shifting (BEPS) Action Plan. In response to this draft, we will hold another webcast in our series of BEPS related webcasts. Please join us on 17 April where we will review the latest discussion draft
Reporting requirement legal constructions – Royal Decree published
On 2 April 2014, a Royal Decree was published, listing up the legal constructions which are in scope of the recently introduced reporting requirement. The Act of Miscellaneous provisions of 30 July 2013 introduced a reporting obligation for legal constructions (trusts, foundations, partnerships, certain low-taxed entities, etc.) set-up by private persons. According to the Act,
Accounting Standards Commission withdraws Advice 126/17 on valuation of assets
As a response to the GIMLE judgement of the European Court of Justice (ECJ judgment C-322/12, 3 October, 2013 [GIMLE ]), the Belgian Accounting Standards Commission (ASC) announced the withdrawal of its opinion no. 126/17. The opinion concerned the valuation of acquired assets, whether for free or below market value. Following publication of the opinion
BEPS webcast series: A focus on treaty benefits
The OECD recently released its discussion draft on the use of treaty benefits in inappropriate circumstances. In response to this draft, part of the Base Erosion and Profit Shifting (BEPS) Action Plan, we will hold another webcast in our series, exploring the OECD’s Coordinated Action Plan on BEPS. Date: 7 April 2014 Time: 12:00 pm
OECD discussion drafts may impact private equity arrangements
The OECD released draft reports between 14 March 2014, and 19 March 2014, as part of the Base Erosion and Profit Shifting program that call for substantial changes to domestic tax rules, double taxation agreements, and amendments to the OECD Model Tax Convention and Commentary. If the recommendations are widely adopted, they will have a
EU Council of Ministers adopts new rules on the taxation of savings income
The EU Council of Ministers has adopted a Directive strengthening EU rules on the exchange of information on savings incomes, aimed at enabling the Member States to better clamp down on tax fraud and tax evasion. This follows a European Council agreement reached on 20 March. For further information see the Council press release, the
OECD releases two discussion drafts on hybrid mismatch arrangements
The two draft reports released on 19 March 2014 by the OECD call for the introduction of both domestic rules and amendments to the OECD Model Tax Convention to neutralize the effect of hybrid mismatch arrangements. The recommendations of the OECD on hybrid mismatch arrangements result from Action 2 of the Action Plan on Base
