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Newsletter of International Tax Plaza from June 23, 2017
In this edition:
· Calendar for June 26 – July 2, 2017
· The Dutch Minister of Finance sent the Dutch House of Representatives a summary of the discussions of the ECOFIN Council of June 16, 2017
· Viet Nam joins the Inclusive Framework on BEPS
· The Australian Parliament passes legislation introducing a vendor collection model to collect GST from low value imported goods
· Singapore signs Multilateral Competent Authority Agreements to Enhance Tax Co-operation on Exchange of Information
· CJEU judges in Case C-20/16, Bechtel (Freedom of movement for persons)
· The OECD releases a discussion draft on additional guidance on attribution of profits to permanent establishments (BEPS Action 7)
· The OECD releases a discussion draft on revised guidance on profit splits (BEPS Actions 8 – 10)
· The Platform for Collaboration on Tax released a toolkit for addressing difficulties in accessing comparables data for transfer pricing analyses
· Great career opportunities
Calendar for June 26 – July 2, 2017
With this week a.o. a Tax Talks Webcast… View the interactive calendar on International Tax Plaza
The Dutch Minister of Finance sent the Dutch House of Representatives a summary of the discussions of the ECOFIN Council of June 16, 2017
Published: 20 June 2017
On June 20, 2017 the Dutch Minister of Finance sent the Dutch House of Representatives a summary of the discussions that have been held during the EuroGroup meeting of June 15 and the ECOFIN Council of June 16, 2017. During the ECOFIN Council a.o. the topics of a reduced VAT rate for electronic publications and the possibility for Member States to apply a general reverse charge mechanism for VAT in order to combat VAT fraud were on the agenda. After the ECOFIN Council no press release were released in this respect, which might have made some people wonder what happened with respect to these topics. In his letter of June 20, 2017 provides a very high-level insight in what happened in the discussions in ECOFIN Council… Read the article on International Tax Plaza
Viet Nam joins the Inclusive Framework on BEPS
Published: 21 June 2017
On June 21, 2017 the OECD published a new list of countries and jurisdictions participating in the Inclusive Framework on BEPS. Based on this list, Viet Nam is the latest country that joined the Inclusive Framework on BEPS. Therewith the total number of jurisdictions that have joined the Inclusive Framework on BEPS comes to 100… Read the article on International Tax Plaza
The Australian Parliament passes legislation introducing a vendor collection model to collect GST from low value imported goods
Published: 21 June 2017
On June 21, 2017 the Australian Parliament adopted a bill introducing a so-called vendor collection model to collect GST from low value imported goods. The law will require overseas suppliers and online marketplaces with an Australian GST turnover of $75,000 or more to account for GST on sales of low value goods to consumers in Australia from July 1, 2018… Read the article on International Tax Plaza
Singapore signs Multilateral Competent Authority Agreements to Enhance Tax Co-operation on Exchange of Information
Published: 22 June 2017
On June 21, 2017 the Singaporean Ministry of Finance issued a press release announcing that on that same date Singapore would both sign the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA) as well as the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA)… Read the article on International Tax Plaza
CJEU judges in Case C-20/16, Bechtel (Freedom of movement for persons)
Published: 22 June 2017
On June 22, 2017 the Court of Justice of the European Union (CJEU) judged in Case C-20/16, Wolfram Bechtel and Marie-Laure Bechtel versus Finanzamt Offenburg (ECLI:EU:C:2017:488).
This request for a preliminary ruling concerns the interpretation of Article 45 TFEU.
The request has been made in proceedings between Mr Wolfram Bechtel and Mrs Marie-Laure Bechtel, and the Finanzamt Offenburg (Offenburg tax office, Germany) concerning the inclusion of pension and health insurance contributions, paid by Mrs Bechtel in France, in the calculation of their taxable income and the special tax rate to be applied to their taxable income for the years 2005 and 2006… Read the article on International Tax Plaza
The OECD releases a discussion draft on additional guidance on attribution of profits to permanent establishments (BEPS Action 7)
Published: 22 June 2017
On June 22, 2017 the OECD released a public discussion draft on additional guidance on attribution of profits to permanent establishments (Action 7 of the BEPS Action Plan (Preventing the Artificial Avoidance of Permanent Establishment Status)). The consultation period runs until September 15, 2017. Furthermore the OECD intends to hold a public consultation on the matter in November 2017… Read the article on International Tax Plaza
The OECD releases a discussion draft on revised guidance on profit splits (BEPS Actions 8 – 10)
Published: 22 June 2017
On June 22, 2017 the OECD released a public discussion draft on additional guidance revised guidance on profit splits (BEPS Actions 8-10). The consultation period runs until September 15, 2017.
The discussion draft deals with the clarification and strengthening of the guidance on the transactional profit split method, as set out in the BEPS Actions 8-10, 2015 Final Report… Read the article on International Tax Plaza
The Platform for Collaboration on Tax released a toolkit for addressing difficulties in accessing comparables data for transfer pricing analyses
Published: 22 June 2017
On June 22, 2017 the Platform for Collaboration on Tax released a toolkit for addressing difficulties in accessing comparables data for transfer pricing analyses, including a supplementary report on addressing the information gaps on prices of minerals sold in an intermediate form. The toolkit has been updated following comments on a consultation draft which was made public in January 2017. According to the OECD, the toolkit will soon also be available in French and Spanish.
The toolkit specifically addresses the ways developing countries can overcome a lack of data needed to implement transfer pricing rules. This data is needed to determine whether the prices the enterprise uses accord with those which would be expected between independent parties… Read the article on International Tax Plaza
Great career opportunities (Links only work in the original newsletter)
· Team Lead VAT Compliance (Bulgaria)
· Tax Manager (Indonesia)
· Internship starting September 2017 in FATCA and Business Controls in Stuttgart (Germany)
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