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

 

 

  

 

 

 

 

 

 

 

 

 

Friday
Feb052016

CATA members take lead in signing Multilateral Competent Authority Agreement (MCAA)

Four CATA member countries are among the first 31 countries to formally sign the Multilateral Competent Authority Agreement for automatic exchange of country-by-country reports. The United Kingdom, Nigeria, Malaysia and South Africa recently endorsed the multilateral instrument that would see countries sharing critical information on multinational enterprises operating in their respective jurisdictions.

Country-by-country reporting is part of Action 13 under the G20-BEPS Action Plan that seeks to implement the new Transfer Pricing Reporting Standards. Lack of a framework for exchange of information has been a major limitation when conducting transfer pricing audits and the asymmetry of information between countries themselves and even between a country and the multinational enterprises, often results in improper allocation of profit between jurisdictions.

Under the new Transfer Pricing Reporting Standards, multinational enterprises are obliged to file country-by-country reports which will be shared by the jurisdictions that have signed in to the Multilateral Competent Authority Agreement, thereby enabling these jurisdictions to get complete information on the operations of the enterprises with respect particularly to where value is created and hence profit/loss allocation ought to be declared.

The Agreement, which will be a watershed in the field of transfer pricing audit, is a major boost to cross-border international tax cooperation and it is hoped that more countries will soon join in this initiative.

 

More information

 

Friday
Feb052016

CATA members set to benefit from the OECD Korea Tax Policy Centre

 

The OECD Korea Policy Centre and CATA have agreed on a joint partnership that will see CATA members benefiting from trainings offered by the Centre in Seoul. During a recent meeting held at Marlborough House, London between CATA’s Executive Director and the Global Relations Manager (Tax Program) - Korea Tax Policy Centre Mr Lim Dong Hyun, the two parties discussed a wide range of issues relating to capacity building and cooperation among tax administrations.

Mr Hyun briefed the Executive Director on the upcoming training programs at the Centre and promised to extend an invitation to CATA members. He added that, subject to availability of funding, his Government would meet the accommodation expenses for the participants.

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Thursday
Jan282016

Don't miss the application deadline for the CTAC & ALP courses

The deadline for the receipt of applications (26 February) is approaching rapidly.  Submit your application now to avoid disappointment. 

More information

Wednesday
Jan062016

Apply to join the 2016 Workshop on Taxation of International Transactions

This long established and very popular Workshop will once again be hosted by the Inand Revenue Board of Malaysia at the Malaysian Tax Academy in Selangor, Malaysia. The Workshop will run from 9th to 27th May 2016. 

Applications for places are invited now from senior and middle level tax officials of CATA member countries, and must be submitted through the applicant’s Government to the Malaysian Tax Academy.  The closing date for applications is 14 March 2016. Please click on the following links for more information and the application form. 

Full details

Application Form

 

Monday
Dec212015

New Year Message from the President of CATA

Saturday
Dec122015

Ernst Mach Worldwide grants 

The attention of suitably qualified officials of CATA member tax administrations is drawn to this news item from the Institute for Austrian and International Tax Law. N.b. the closng date for applications is 15 January 2016.

Full information about the grants