TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

OECD update on the implementation of BEPS Action 13 and Action 14

The OECD released the fourth annual peer review of BEPS Action 13 on improving tax transparency through Country-by-Country Reporting (CbCR) and BEPS Action 14 on the resolution of tax related disputes between jurisdictions.

Highlights from the report include:

  • Over 100 jurisdictions have already introduced legislation to impose a filing obligation on MNE groups, covering practically all MNE groups with consolidated group revenue at or above the threshold of €750 million. Remaining Inclusive Framework members are working towards finalising their domestic legal frameworks with the support of the OECD.
  • Where legislation is in place, the implementation of CbC Reporting has been found largely consistent with the Action 13 minimum standard.
  • A large number of recommendations made in the first three peer review phases have now been addressed and these recommendations have been removed.
  • More than 3,000 bilateral relationships for the exchange of CbC reports are now in place.