The OECD updated its guidance on Country-by-Country (CbC) Reporting on 5 November 2019. These amendments provide answers to a number of questions that taxpayers and
Deadline looms for Irish entities to report beneficial ownership
Irish corporate entities founded before 22 June 2019 have until 22 November to report their beneficial ownership information to the Companies Registration Office’s Central Register
OECD rates six more jurisdictions largely compliant on tax transparency
A new set of country ratings from the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes (the Forum) has given six
Belize removed from EU list
On the 8th of November 2019, the Council agreed to remove Belize from the EU’s list of non-cooperative tax jurisdictions. Belize has passed the necessary
Low-tax jurisdictions must prove they are meeting OECD’s ‘substantial activities’ requirement
The OECD has warned no-tax and nominal-tax jurisdictions that they must prove they are meeting its new ‘substantial activities’ standard through spontaneously reporting the activities
FATF releases best practice guidance on establishing beneficial ownership
The global Financial Action Task Force (FATF) has published best practice guidance on establishing beneficial ownership of legal persons such as companies, foundations and associations.