The OECD and the International Monetary Fund (IMF) have published a report which provides an update on the ongoing work on tax certainty issues and shows clearly that this remains a priority issue for taxpayers and tax administrations alike. Dispute prevention rather than dispute resolution, Country by Country Reporting, joint audits and ongoing work to make transfer pricing rules simpler and easier to administer are all found to be contributing to creating more tax certainty.

The report follows an initial report which was published in 2017 and updated in 2018. During a recent meeting, the G20 Leaders have re-iterated the importance of the issue of tax certainty and work will continue on this matter.