As a signatory to the BEPS
IF, the KSA has agreed to implement the four minimum standards.
TEI commends the OECD for its work on the BEPS
project over the past nearly six years and the work of its Task Force on the Digital Economy (TFDE) regarding digitalization.
refers to strategies that exploit gaps in tax rules across jurisdictions, so as to shift profits to locations with a tax advantage with little or no real activity therein, resulting in minimal payment of corporate taxes.
The UAE's position as an attractive destination for foreign investment will substantially improve once it fully implements minimum standards for base erosion and profit shifting (BEPS
), tax analysts said on Saturday.
In view of the minimum standards, the Protocol brings in changes as per BEPS
Action reports as agreed upon by the two sides.
It also launched a support programme in Pakistan for implementation of the BEPS
package, including four minimum standards - countering harmful tax practices, preventing tax treaty abuse, country-by-country reporting and improving dispute resolution.
The country is an active member of the Inclusive Framework on BEPS
and the Global Forum on Transparency and Exchange of Information for Tax Purposes.
The UAE Ambassador to Peru, Mohammad Yousuf Al Awadi, and the Peruvian Finance Minister Carlos Oliva, have signed the BEPS
(Base Erosion and Profit Shifting) Multilateral Convention, a multilateral instrument to implement Tax Treaty-Related Measures to prevent base erosion and profit shifting.
With the issuance of the final recommendations of the Organization for Economic Co-operation and Development (OECD) on the 15 Base Erosion and Profit Shifting (BEPS
) action items, the importance of transfer pricing has further increased as it dominates the BEPS
agenda for taxpayers and tax authorities across the world.
New York, NY, May 24, 2018 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Caroline Devlin, Partner, Arthur Cox will speak at the Knowledge Congress' webcast entitled: "Aviation Finance and the International Tax Reform on BEPS
: What You Need to Know and Do Event Live Webcast." This event is scheduled for Tuesday, May 22, 2018 at 1:00 pm - 2:00 pm (ET).