CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. OECD Releases Mining Sector BEPS Guidance For Developing States

OECD Releases Mining Sector BEPS Guidance For Developing States

by Ulrika Lomas, Tax-News.com, Brussels

26 October 2018


The OECD and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development have finalized three practice notes intended to support resource-rich developing countries to protect their tax bases from erosion and profit shifting.

The first practice note is on limiting the impact of excessive interest deductions on mining revenue, which includes specific recommendations for the mining sector, building on the OECD's guidance on Action 4 of its BEPS Action Plan. It is intended to support government policymakers to strengthen their country's defenses against excessive interest deductions in the mining sector.

The second practice note concerns tax incentives for mining companies. Supplementing wider work undertaken by the Platform for Collaboration on Tax on tax incentives, the practice note focuses on the use of tax incentives in mining specifically, examining the tax base erosion risks they can pose.

The final practice note concerns monitoring the value of mineral exports. The paper puts forward policy options for developing countries to better price mineral exports, considering the type of mineral, the risk of undervaluation, existing government capacities, and developing countries' available budgets.

TAGS: tax | tax incentives | mining | interest | budget | transfer pricing | Tax | BEPS

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »