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OECD BEPS Minimum Standards and Two Pillar Solution Workshop at FRCS

 

The Organisation for Economic Co-operation and Development (OECD) held the Base Erosion and Profit Shifting (BEPS) minimum standards and two pillar solution  workshop for FRCS staff.

The OECD/G20 BEPS Project aims to create a single set of consensus-based international tax rules to address BEPS, and hence to protect tax bases while offering increased certainty and predictability to taxpayers.

Attended by auditors, technical analysts, policy officers, risk profilers, technical specialists, lawyers and managers from the operations, Intelligence, Compliance and Investigations, Corporate and Taxation team, the BEPS workshop mainly focused on the overview of the BEPS project and the BEPS Inclusive Framework , its objectives, role and governance. The workshop also highlighted the obligations and commitments associated with BEPS Inclusive Framework membership, as well as its benefits.

Discussions during the workshop also included the topics of harmful tax practices, description of the elements of Country- by- Country (CbC) reporting standards and the requirements to be met in order to start receiving CbC data, overviews of the two pillar solutions and peer reviews on harmful tax practices, CbC reporting and treaty abuse.

We would like to thank OECD Secretariat and the facilitators Ms. Melinda Brown and Ms. Laura Stefanelli for this workshop.

 

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