Tax & Accounting Blog

Argentina Implements CbC Reporting Requirements

Argentina Implements CbC Reporting Requirements

On September 20, 2017, the Argentine tax authorities (Administración Federal de Ingresos Públicos or AFIP) issued General Resolution No. 4130-E to introduce country-by-country (CbC) reporting requirements that align with the BEPS Action 13 minimum standard. The measures were published in Argentina’s official gazette the same day, and entered into force accordingly. The AFIP … Read More

OECD Creates Guidance for Tax Administrations on Country-by-Country Reporting

OECD Creates Guidance for Tax Administrations on Country-by-Country Reporting

On September 29, 2017, the OECD issued a press release on the Forum on Tax Administration’s (FTA’s) recent plenary meeting in Oslo. The FTA discussed a number of issues, including the effective implementation of the BEPS project. The event produced new handbooks for tax administrations on country-by-country (CbC) reporting, specifically on effective implementationRead More

Thomson Reuters Hosts Panel on BEPS MLI and CbC Reporting at 2017 IFA Rio Congress

Thomson Reuters Hosts Panel on BEPS MLI and CbC Reporting at 2017 IFA Rio Congress

The 71st Congress of the International Fiscal Association (IFA) was held in Rio de Janeiro on August 27-September 1, 2017. Thomson Reuters was proud to be a Gold sponsor at the Congress, showcasing how we can help businesses navigate BEPS compliance. Thomson Reuters hosted an expert panel discussion during the Congress on the impact … Read More

The Czech Republic Implements CbC Reporting Requirements

The Czech Republic Implements CbC Reporting Requirements

On September 20, 2017, the Czech Republic published Law No. 305/2017 in the official gazette to implement EU Directive 2016/881 on the exchange of country-by-country (CbC) reporting information among EU member states. The legislation had been pending review in the Czech Parliament for several months, since the Ministry of Finance presented it with … Read More

OECD Requests Public Feedback on Tax Challenges of Digitalization

OECD Requests Public Feedback on Tax Challenges of Digitalization

On September 22, 2017, the OECD issued a press release, seeking public comments on key issues identified in a request for input related to the tax challenges of the digitalization of the economy, a day after the European Commission released its initial report on the same topic. See BEPS Action 1. The BEPS … Read More

U.S. Publishes Additional Model Competent Authority Agreement on Exchange of Country-by-Country Reports

U.S. Publishes Additional Model Competent Authority Agreement on Exchange of Country-by-Country Reports

On September 12, 2017, the U.S. Internal Revenue Service (IRS) published a model competent authority agreement (CAA) for the exchange of country-by-country (CbC) reports that is based on the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the “OECD Convention”). The foregoing CAA supplements the CAAs that the IRS published on … Read More