Wednesday, 11 February 2015

Multinationals receive OECD country-by-country reporting, multilateral instrument and IP tax incentive BEPS proposals

Multinational enterprises (MNEs) recently received additional guidance on complying with certain recommendations emanating from the OECD's base erosion and profits shifting (BEPS) Action Plan. MNEs will be particularly interested in the roll-out of country-by-country tax information reporting to tax authorities. They will also be interested in the criteria countries should require in order for them to benefit from intellectual property (IP) tax incentive regimes.
Further proposals authorise the formation of a negotiating group from countries wishing to advance the idea of a multilateral instrument to amend tax treaties. This week the G20 Finance Ministers are likely to agree on these OECD recommended implementation plans, which were published on 6 February 2015.
Source & more info: PwC