The Common Reporting Standard (CRS)

The Common Reporting Standard (CRS) is a global standard for the automatic exchange of financial account information between tax authorities of different countries. The CRS was developed by the Organization for Economic Co-operation and Development (OECD) and endorsed by the G20 in 2014. The CRS requires financial institutions, such as banks, to identify and report … Read more

OECD Transfer Pricing

OECD transfer Pricing

The OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, commonly referred to as the “OECD Transfer Pricing Guidelines,”. It’s provide guidance on the application of the arm’s length principle for transfer pricing purposes. The arm’s length principle is the internationally accepted standard for determining transfer prices between related parties, such as subsidiaries of … Read more

Multilateral Instrument

multilateral instrument

MLI stands for “Multilateral Instrument,” which is The Multilateral Convention developed by the Organisation for Economic Co-operation and Development (OECD) to implement measures to prevent base erosion and profit shifting (BEPS) in international tax. The MLI allows countries to quickly modify their existing bilateral tax treaties to incorporate the measures developed under the BEPS project, … Read more

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