The Republic of Moldova joins international efforts against tax avoidance by joining the OECD/G20 Inclusive Framework on BEPS, an international collaboration with over 145 member countries and jurisdictions.

Through its membership, Moldova has also committed to addressing the tax challenges arising from the digitalization of the economy by participating in the Two-Pillar Solution to reform the international taxation rules and ensure that multinational enterprises (MNEs) pay a fair share of tax wherever they operate.
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Collaborating on an equal footing with all other members of the Inclusive Framework, Moldova will participate in the implementation of the BEPS package to tackle tax avoidance, improve the coherence of international tax rules and ensure a more transparent tax environment.

The 16th meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) took place in Paris from May 28-30. More than 400 delegates representing 140 delegations (including 127 countries and jurisdictions and 13 observers) participated in the meetings. 
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During the three days of productive meetings, the Inclusive Framework discussed a range of topics including the implementation and impact of the BEPS minimum standards, the opportunities to further broaden the reach of this impact through technical assistance and capacity building, the status of and experience with implementation of the global minimum tax, plans for participation in a signing ceremony for the Subject to Tax Rule that will be held in Paris on 19 September 2024, and our ongoing tax policy work and delegate interest in role of tax in addressing inequality. We also engaged in a reflection on challenges and opportunities associated with the Inclusive Framework journey to date and opportunities for further enhancing effectiveness and inclusivity.

Finally, following productive discussions on remaining open issues related to Pillar One of the Two-Pillar Solution to address the tax challenges arising from the digitalization of the economy, we can report that the Inclusive Framework on BEPS is nearing completion of the negotiations on a final package on Pillar One (which includes a text of the Multilateral Convention (MLC) for Amount A and a framework for Amount B) with the goal of reaching a final agreement in time to open the MLC for signature by the end of June. In this regard, we welcome the expressions of interest by France and Brazil in hosting a signing ceremony as soon as practical after the MLC is opened for signature.

Fiji joins international efforts against tax avoidance by joining the OECD/G20 Inclusive Framework on BEPS, an international collaboration with over 145 member countries and jurisdictions.

Through its membership, Fiji has also committed to addressing the tax challenges arising from the digitalization of the economy by participating in the Two-Pillar Solution to reform the international taxation rules and ensure that multinational enterprises (MNEs) pay a fair share of tax wherever they operate.
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Collaborating on an equal footing with all other members of the Inclusive Framework, Fiji will participate in the implementation of the BEPS package to tackle tax avoidance, improve the coherence of international tax rules and ensure a more transparent tax environment.

US Treasury Secretary Janet Yellen said last week she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is refusing to engage on issues important to US interests.

Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been “all but absent” in the negotiations to finalize “Pillar 1” of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries.

“We are actively engaged in this negotiation,” to meet an end-June deadline for the deal, Yellen said. “We’re committed to doing everything we possibly can to make it work.”
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While most countries support the US position on these issues, “we have a problem with India. India will not engage with us,” she said.

On 8 May 2024, the Directorate-General for Taxation and Customs Union (DG TAXUD) of the European Commission published the Taxation and Customs Union Management Plan 2024. 

To develop a stronger, fairer and more efficient Single Market, DG TAXUD will continue to push for the swift implementation of the landmark 2-pillar international corporate tax reform.
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The reform proposal, agreed in 2021, entails the reallocation of taxing rights for the 100 biggest and most profitable multinationals (Pillar One) and the establishment of a minimum effective tax rate worldwide (Pillar Two).

The Government of Barbados is consulting stakeholders on the draft legislation for the 2024 Corporation Tax Reform.

The reform is aimed at ensuring tax neutrality for investors while remaining compliant with international standards and obligations.
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Comments must be received by June 15.

The tax treaty between Estonia and France entered into force on April 30, 2024.

The treaty generally applies from July 1, 2024, for Pakistan, and from January 1, 2025, for Estonia. 
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Further information will be reported when available.

On May 10, the tax treaty between Andorra and Iceland entered into force.
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The treaty generally applies from January 1, 2025.

India’s Central Board of Direct Taxes entered into a record 125 advance pricing agreements (APAs) in FY 2023-24 with Indian taxpayers.

This includes 86 unilateral APAs (UAPAs) and 39 bilateral APAs (BAPAs). This marks the highest ever APAs signed in any financial year since the launch of the APA program.

The number of APAs signed also represents a 31 percent increase compared to the 95 APAs signed during the preceding financial year. With this, the total number of APAs since inception of the APA program has gone up to 641, comprising 506 UAPAs and 135 BAPAs.