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

BEPS Multilateral Convention extends to 78 members

Officials from Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama and Tunisia signed the BEPS Multilateral Convention bringing the total number of signatories to 78.

The Convention updates the existing network of bilateral tax treaties and aims to reduce opportunities for tax avoidance by multinational enterprises according to the OECD. Algeria, Kazakhstan, Oman and Swaziland have expressed their intent to sign the Convention, and a number of other jurisdictions are actively working towards signature by June 2018.

The Convention allows jurisdictions to integrate results from the OECD/G20 BEPS Project into their existing networks of bilateral tax treaties. Ireland and the UK signed the Convention in June 2017 at the OECD meeting in Paris.