OECD

Evolution of OECD’s concept of Harmful Tax Practices: From 1998 Report to BEPS Action 5 Approach

Income Tax - Explore the evolution of harmful tax practices from the OECD's 1998 report to the BEPS Action 5 approach, focusing on transparency, substantial activity requirements, and the eradication of harmful regimes....

Navigating Global Maze: India and New Era of Minimum Corporate Taxation

Income Tax - Explore the impact of OECD's Global Minimum Tax Agreement on India's tax landscape. Uncover challenges, opportunities, and India's commitment to a fair international tax system....

BEPS 2.0: Unpacking Pillar One and Pillar Two Proposals

Income Tax - Dive into BEPS 2.0 with an in-depth analysis of Pillar One & Pillar Two proposals, reshaping international tax. Explore the impact, India's stance, and global implications....

Tax Implications on Stewardship Activities

Income Tax - Understand what qualifies as 'stewardship activities' for taxation in India with the Supreme Court's single-entity approach. Taxes on stewardship activities, Morgan Stanley & Co v India judgement explained...

Global Minimum Tax (GMT) on track for a 1st Jan 2024 launch: Agreed Administrative Guide released in Feb 2023

Income Tax - OECD/G20 Inclusive Framework (IF) on BEPS released technical guidance to assist governments with implementation of the GMT, which will ensure Multi-National Entities (MNEs) will be subject to a 15% effective minimum tax rate....

ICRICT Open letter to G20 Heads of State and Government

Income Tax - Eight years ago, you mandated the OECD to address corporate tax avoidance by multinationals, which cost countries at least $240 billion a year in lost fiscal revenues. After years of negotiations including 140 countries, the agreement announced last Friday shows that it is finally possible to change a system that was built one hundred yea...

Seychelles’ Tax Inspectors Without Borders programme launched

Income Tax - Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Seychelles on 4th October, 2021. India was chosen as the Partner Administration and has provided Tax Expert for this programme....

India joins OECD/G20 Inclusive Framework tax deal

Income Tax - Majority of the members OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting(including India)adoptedyesterday ahigh-level statement containing an outline of a consensus solution to address the tax challenges arising from the digitalisation of the economy....

CBDT releases MLI synthesised text for India-Czechoslovak Socialist Republic tax treaty

Income Tax - CBDT has released the synthesised text for India-Slovak Republic tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. SLOVAK REPUBLIC AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH – SLOVAK REPUBLIC Whereas a Agreement between the Government of th...

CBDT releases MLI synthesised text for India-Poland tax treaty

Income Tax - CBDT has released the synthesised text for India-Poland tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. SYNTHESISED TEXT OF THE MLI AND THE CONVENTION BETWEEN THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE REPUBLIC OF POLAND FOR THE AVOIDANCE OF DOUBLE TAXATION AND ...

It is not at whim or fancy of a Tax authority to decide as to what constitutes beneficial ownership

Blackstone FP Capital Partners Mauritius V Ltd Vs DCIT (ITAT Mumbai) - It is not at the whim or fancy of a tax authority to decide as to what constitutes 'beneficial ownership'; it is absolutely fundamental that as what constitutes beneficial ownership must also be examined and categorical findings are given as to how these requirements of beneficial ownership are sati...

ITAT – taking virtual reality a bit too seriously ?

ABB FZ - LLC, Bangalore Vs. Dy.DIT, Bangalore (ITAT Bangalore) - A reader should be able to come to his / her own conclusion by applying the legislative enactments and judicial pronouncements to the facts of the case. While re-producing any portion of legislative enactment or judicial pronouncement, it is para phrased and emphasis is supplied by way of underline....

No bar Under OECD to provide document relied to Appellant; Mere showing of document not sufficient

Poonam Jain Vs Union of India & Ors. (Delhi High Court) - High Court held that to say that the person being prosecuted or proceeded against can only be 'shown' such documents, but not provided copies thereof is untenable even on a plain reading of Article 26 (2) of the OECD Model Convention....

SEBI Meeting on Implementation of OECD Principles of Corporate Governance, Spot Price Determination of Commodities etc.

PR No. 297/2015 - (23/12/2015) - PR No. 297/2015 Sixth Meeting of the International Advisory Board of SEBI The Sixth meeting of the International Advisory Board (IAB) of the Securities and Exchange Board of India (SEBI) was held on December 21 & 22, 2015. The following major issues were inter alia discussed during the meeting: ...

Guidance on Implementation on FATCA and CRS

F. No. 500/137/2011-FTTR-III - (31/08/2015) - To combat the problem of offshore tax evasion and avoidance and stashing of unaccounted money abroad requiring cooperation amongst tax authorities, the G20 and OECD countries working together developed a Common Reporting Standard (CRS) on Automatic Exchange of Information (AEOI). The CRS on AEOI was...

Recent Posts in "OECD"

Evolution of OECD’s concept of Harmful Tax Practices: From 1998 Report to BEPS Action 5 Approach

Explore the evolution of harmful tax practices from the OECD's 1998 report to the BEPS Action 5 approach, focusing on transparency, substantial activity requirements, and the eradication of harmful regimes....

Posted Under: Income Tax |

Navigating Global Maze: India and New Era of Minimum Corporate Taxation

Explore the impact of OECD's Global Minimum Tax Agreement on India's tax landscape. Uncover challenges, opportunities, and India's commitment to a fair international tax system....

Posted Under: Income Tax |

BEPS 2.0: Unpacking Pillar One and Pillar Two Proposals

Dive into BEPS 2.0 with an in-depth analysis of Pillar One & Pillar Two proposals, reshaping international tax. Explore the impact, India's stance, and global implications....

Posted Under: Income Tax |

Tax Implications on Stewardship Activities

Understand what qualifies as 'stewardship activities' for taxation in India with the Supreme Court's single-entity approach. Taxes on stewardship activities, Morgan Stanley & Co v India judgement explained...

Posted Under: Income Tax |

Global Minimum Tax (GMT) on track for a 1st Jan 2024 launch: Agreed Administrative Guide released in Feb 2023

OECD/G20 Inclusive Framework (IF) on BEPS released technical guidance to assist governments with implementation of the GMT, which will ensure Multi-National Entities (MNEs) will be subject to a 15% effective minimum tax rate....

Posted Under: Income Tax |

BEPS – Latest OECD Transfer Pricing Guidelines – 2022

Stay updated with the latest OECD Transfer Pricing Guidelines for 2022. Learn how these guidelines tackle tax avoidance and promote transparency in international tax rules....

Posted Under: Income Tax |

Evolution in taxation of MNEs – Pillar 2 – Global Minimum Tax 

Dive into the evolution of taxation for MNEs with Pillar 2 - Global Minimum Tax. Understand the mechanics, implications, and exceptions of this groundbreaking framework to stay informed in the changing landscape of global taxation. ...

Posted Under: Income Tax |

Income In UAE Is Taxable w.e.f. 2023

Explore the recent introduction of Federal corporate tax in the UAE, marking a significant change as the country moves towards taxing income. Learn about the applicability of corporate tax, rates for different income brackets, exclusions, exemptions, and filing requirements. Understand the impact on businesses and individuals as UAE under...

Posted Under: Income Tax |

Organization for Economic Cooperation and Development (OECD)

Understanding the role of the Organization for Economic Cooperation and Development (OECD) in international taxation and transfer pricing....

Posted Under: Income Tax |

It is not at whim or fancy of a Tax authority to decide as to what constitutes beneficial ownership

Blackstone FP Capital Partners Mauritius V Ltd Vs DCIT (ITAT Mumbai)

It is not at the whim or fancy of a tax authority to decide as to what constitutes 'beneficial ownership'; it is absolutely fundamental that as what constitutes beneficial ownership must also be examined and categorical findings are given as to how these requirements of beneficial ownership are satisfied in the present case....

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