News / Bulletins from the Executive Director of CATA, Duncan Onduru

 

 

  

 

 

 

 

 

 

 

 

 

Friday
Jul152016

OECD invites comments on draft transfer pricing guidance

In furtherance of the BEPS Action 8-10 (Aligning Transfer Pricing with value creation), the OECD has issued draft guidance on the revised Profit Split Method for public comment and input. Comments are invited on the OECD discussion draft and these should be submitted by email to transferpricing@oecd.org by 5th September 2016.

Transfer pricing remains a challenge to many tax administrations, more so within the Commonwealth where

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Wednesday
Jun292016

37th Annual CATA Technical Conference, 7 to 11 November 2016

 

Arrangements for the next CATA Technical Conference, to be hosted by the Barbados Revenue Authority, are now well advanced.  Click on the links below for further information.  Details of the registration procedure will be published here as soon as they are available.  

A circular requesting the submission of country Background Papers in preparation for the Conference has today been Gmailed to all Country Representatives and Correspondents, together with guidance notes to assist in their completion.  The deadline for the submission of Background Papers to the Secretariat is 15 August 2016.

Copies of all Conference papers currently available may also be downloaded from the Members Area of this site 

Invitation letter      Logistical information  

Thursday
Jun232016

Commonwealth IFCs react to the “Panama Papers”

Senior officials from various Commonwealth small states recently held a round table discussion in London to reflect on the implication of the “Panama Papers”.  As these states have been identified as key International Financial Centres (IFCs), there has been increased international focus on their role in the current international debate on tax evasion (and tax avoidance), money laundering and other financial crimes. A number of these states appear in the EU Blacklist of 2015 and have also been identified as “jurisdictions of relevance” by the G20 for the purpose of the new standards of Automatic Exchange of Tax Information.

(Photo courtesy of the Commonwealth Secretariat)

The meeting that was convened by the Commonwealth Secretariat with the input and participation of CATA discussed,

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Monday
Jun132016

2016 TOIT Workshop in Malaysia a great success

The 20th edition of the Workshop on Taxation of International Transactions or TOIT as it is commonly known was successfully concluded on 27 May 2016. This three-week programme hosted annually by the Inland Revenue Board of Malaysia (IRBM) at the Malaysian Tax Academy (MTA) commenced on 9 May 2016. TOIT was first introduced in 1997 covering two weeks on treaty interpretation, application and practical negotiation with another one week on transfer pricing. The issues discussed have been kept up-to-date over the years with the latest developments both at the OECD and UN level.

A total of 26 participants from 14 member countries, namely Fiji, Ghana, India, Kenya, Kiribati, Malawi, Maldives, Mauritius, Rwanda, Seychelles, South Africa, Sri Lanka, Swaziland and host Malaysia participated in the workshop this year.

The resource persons for this workshop were drawn from

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Monday
Jun132016

Launch of the Commonwealth Hub

 

Her Majesty The Queen and the Secretary General of the Commonwealth Baroness Scotland at the launch- Photo courtesy of Commonwealth Secretariat website

As part of forging stronger ties between Commonwealth Associated organizations, Her Majesty The Queen last week presided over the launch of the Commonwealth Hub that is set to bring all the Associated organizations under one roof. CATA is privileged to be among the first seven organizations to be part of this Hub.

More information

 

 

Wednesday
May182016

Malaysia wins 2016 Global Risk Award

The Inland Revenue Board of Malaysia has won the Global Risk Award, given by the Institute of Risk Management- UK. The award “recognizes teams and individuals who have contributed significantly……in innovation and excellence in risk management in their respective organizations” and was granted in the category "Risk Management Newcomer of the Year". The award ceremony was held in London and on hand to receive the trophy was the CEO of the Inland Revenue Board of Malaysia Tan Sri Dr Mohd Shukor Mahfar. The CATA Secretariat sends hearty congratulations to Dr Shukor Mahfar and his team.