OECD Tax

On 11-13 March, OECD - OCDE officials visited Astana, Kazakhstan to host a series of workshops on transfer pricing aimed at addressing #BEPS related risks in the extractive sector. A two-day workshop was conducted with the participation of senior officials from the State Revenue Committee and judges from the Supreme Court of the Republic of Kazakhstan to discuss transfer pricing best practices and identify opportunities to improve the country’s mineral transfer pricing framework. An additional high-level workshop brought together senior government Kazakhstani officials, business representatives, civil society and international organisations to exchange views on the implementation of OECD standards and tools to combat tax evasion and transfer pricing related issues in Kazakhstan’s critical minerals sector. Read the press release (available in Kazakh & Russian) ➡ https://brnw.ch/21wRtUh #capacitybuilding #Kazakhstan #tax #OECDtax

[ICYMI] Five need-to-knows on income-based tax incentives for R&D and innovation We recently co-authored a blog post with the OECD - OCDE Science, Technology and Innovation Directorate, highlighting five need-to knows on income-based tax incentives (IBTIs) and their role in encouraging firm investments in R&D and innovation. Key highlights include: ▪ Unlike traditional R&D tax credits, targeting expenditure, IBTIs reward the outcomes of successful R&D investments, providing a preferential tax treatment in the form of a reduced tax rate or tax exemption. ▪ Over the past two decades, the number of OECD countries offering IBTIs has increased fourfold (from five in 2000 to 21 in 2023) and sixfold for EU countries (from three in 2000 to 16 in 2023). ▪ For most countries, IBTIs only apply to intangible assets with formal IP protection – think patents, copyrighted software, and plant variety rights. Understanding what qualifies is essential for businesses to tap into the benefits of IBTIs. ▪ The degree of tax benefit that IBTIs provide to businesses depends on three key factors: the tax rate, how the tax base is calculated, and the general tax system in place. This varies across jurisdictions. ▪ The financial cost that governments incur when providing IBTIs can be measured in terms of forgone tax revenue, conditional on the degree of tax incentives generosity and business eligibility. Read the blog post to discover more➡ https://brnw.ch/21wRsyS #taxincentives #innovation #tax #OECDtax Pierce O'Reilly Ana Cinta González Cabral Kurt Van Dender

How can Corporate Income Tax (CIT) systems better align with climate objectives? 🔎 A new OECD taxation working paper explores three potential ways in which CIT could support clean investment: 1. Identify barriers to clean investment. Screen CIT systems for distortions that hinder clean investment and rationalise fossil fuel support. 2. Evaluate the potential for baseline CIT reforms as a tool for steering investment. Well-designed baseline CIT systems can enhance investment in clean technology. 3. Consider targeted CIT incentives with care. Tax incentives can help address barriers to clean investment but must be carefully designed to balance benefits and risks and may not be the most suited instrument. Understanding the role of CIT in shaping investment incentives is more important than ever. To learn more, access the Working Paper ➡️ https://brnw.ch/21wRs9I #OECDtax #ClimatePolicy #TaxPolicy #NetZero #GreenTechnology

Business at OECD (BIAC) recently published a briefing on the International Compliance Assurance Programme (ICAP) and Tax Certainty Mechanisms. Notably, the BIAC briefing confirms that all audits commenced since a group participated in ICAP excluded topics reviewed during the ICAP risk assessment. The briefing states that “sharing the ICAP risk assessment letter at the start of an audit prevented the same topics being covered, saving time for the companies and the tax auditors.” The OECD looks forward to continuing to collaborate and develop progressive solutions in the area of tax certainty with Business at OECD. Read more ⬇

Governments widely use corporate income tax (CIT) incentives to attract investment in specific sectors, locations, and activities. However, their effectiveness and efficiency depend on careful design. Striking the right balance between an attractive tax regime for investors and securing essential tax revenue remains a key challenge, particularly in emerging economies. The OECD Investment Tax Incentives Database (ITID) enhances transparency and understanding of CIT incentives by providing insights into their design, targeting, and governance. The 2024 ITID update now offers insights on CIT incentive practices in 70 economies, primarily emerging and developing.    Key findings from our latest update: 📌 Growing use of tax incentives – Between 2022 and 2024, the use of investment tax incentives increased in the economies covered in both ITID editions. 📌 Sustainability focus – Over one-third of all incentives in 2024 target sustainable development objectives. 📌 Tax exemptions dominate – Used in 89% of the economies, they are the most widely used instrument across countries in the database. 🔗 Browse the full findings in our latest policy paper, co-authored and published jointly between Business and Finance at the OECD and OECD Tax https://lnkd.in/dB69byf5 Fernando Mistura | Luisa Dressler | Katharina Böhm |  Sarah Marion Dayan | Clara Gascon | Pierce O'Reilly | Ana Novik | Martin Wermelinger | Alexandre de Crombrugghe

[NEWS] Exchange of information for tax purposes - Global Forum releases new peer reviews for Armenia, the British Virgin Islands, Burkina Faso, Côte d’Ivoire and Djibouti The Global Forum published today five new peer review reports on transparency and exchange of information on request (EOIR) for Armenia, the British Virgin Islands, Burkina Faso, Côte d’Ivoire and Djibouti. The reports for Armenia and Côte d’Ivoire combine an assessment of their legal framework and the implementation of the EOIR standard in practice and concluded both jurisdictions to be “Largely Compliant” with the standard. The supplementary report analysing the progress made by the British Virgin Islands since its last full peer review was released in 2022 rated it “Partially Compliant” against the standard. The reports for Burkina Faso and Djibouti are limited to an assessment of their legal and regulatory framework (phase 1), since these jurisdictions have limited practice of EOIR. Burkina Faso’s EOIR framework was determined to be mostly in place, and its second phase of the review process on the implementation in practice is due to take place in 2027 at the latest. In contrast, Djibouti’s legal framework contains significant gaps and legislative improvements will be required for Djibouti to progress its review to a second phase. 🗞️ Read more and access the reports ▶️ https://oe.cd/5Xz #GlobalForum #taxtransparency #exchangeofinformation #eoir Gwenaëlle Le Coustumer Alex Nuwagira Kareemah Pathel Vavra Carine KOKAR Ayetout Akpaki Aurore Arcambal OECD Tax

📊 Recently, we provided insights to the OECD Tax's International Compliance Assurance Programme (ICAP), which is a voluntary program for MNE groups & tax administrations to work together in a cooperative risk assessment & assurance process. The report provides a summary of the ICAP process, list of participating tax administrations, including Australian Taxation Office, Servicio de Impuestos Internos (SII), Direction générale des Finances publiques, Skattestyrelsen, Revenue (Ireland), HM Revenue & Customs, Internal Revenue Service & more. The report also includes an overview of the ICAP selection process & requirements for qualification & more. 🔎 Read here ➡️ https://lnkd.in/ep3q22Tw

🤝 Our member United States Council for International Business (USCIB), including their President & CEO Whitney Baird, met the OECD - OCDE's SG Mathias Cormann with OECD Economy's Alvaro Santos Pereira & OECD Tax's Manal S. Corwin, where they discussed common priorities. We are proud to represent US business at the #OECD. 🔎 Our network ➡️ https://lnkd.in/eHFqeGse

🔔 Day 2 of #OECDtax4devdays 2025 kicks off at 12:30 CET. Sessions include: ✅ The benefits of Country-by-Country Reporting for developing countries ✅ Future frontiers in tax transparency ✅ Tax Morale and the fiscal contract – New evidence from Latin America and beyond ✅ The Maturity Models – Driving principles and key insights ✅ Social protection financing in economies with high informality And more! Register here ➡️ https://brnw.ch/21wRioi

🔔 Day 1 of #OECDtax4devdays 2025 kicks off at 12:30 CET. Sessions include: ✅ The critical role of Beneficial Ownership transparency ✅ The ever-evolving landscape of natural resource taxation ✅ Tax Inspectors Without Borders (TIWB) – A decade of niche assistance to developing countries ✅ Carbon pricing in emerging and developing economies – Opportunities and challenges ✅ Ensuring VAT collection in a digitalising economy And more! Register here ➡️ https://brnw.ch/21wRgPs