ISSN 1684-9833 • Year 7 / No. 6 / June 15, 2015
Blog Large businesses and tax management Written by: Miguel Pecho I had the opportunity to present some ideas regarding the compliance risks management of large businesses during the last CIAT General Assembly held in Lima, and would like to share two statistical information that I gathered with the support of colleagues from our tax administrations. We all know that large businesses have characteristics that make them relevant. They have a very complex form of operation (multiple transactions, many of them cross-border); they concentrate much of the revenue collection not only as taxpayers but also as withholding agents for labor taxes, social contributions, VAT and the income tax of non-residents; non-compliance risks associated with large businesses are very important from the point of view of potential revenue losses; they have access to specialized tax advisors that provide them with sophisticated planning schemes; and they are very influential in the media, the society in general and the public sector, since they are companies belonging to powerful family groups, multinationals or publicly traded corporations.…more News from the Executive Secretariat Progress and follow-up of the CIAT-GIZ Project On May 25 to 29, at the CIAT Headquarter we had the pleasure to receive the evaluators Susanne Thiel (GIZ) and Udo Lautenbacher (external consultant, Director of the financial delegation in Bayreuth, Bavaria).. They were in charge of analyzing what we have completed so far in the CIAT-GIZ Project and verify the opportunity of proceeding with a second phase, in order to consolidate what has been achieved and propose new goals and indicators. This preliminary process culminated on May 29, 2015 with a closing workshop, which involved the CIAT team, the project evaluators and the CIAT-GIZ Project Director, Joerg Wisner.
From left to right: Udo Lautenbacher, external consultant, Director of the financial delegation in Bayreuth, Bavaria, Márcio Verdi, CIAT´s Executive Secretary, Susanne Thiel (GIZ) and CIAT-GIZ Project Director.
Signature of the project
Participants
The CIAT Executive Secretary visits the tax authorities of Jamaica to strengthen cooperation actions
From left to right: Francisco J. Beiner and Márcio F. Verdi (CIAT); Vincent Irving and Donette Mills (TAJ); Ainsley Powel, Commissioner-General TAJ; David Piper, IMF Resident Advisor.
In the framework of collaboration between the German Cooperation Agency GTZ and the CIAT, on May 18 and 19, the CIAT Executive Secretary visited the Tax Administration of Jamaica, accompanied by Mr. Francisco Beiner, Director of Institutional Planning and Development, in order to explore opportunities for cooperation.
After the meeting with the Commissioner General of the Tax Administration, Mr. Ainsley Powell and his team, special interest was expressed in promoting issues related to risk management in order to optimize the audits results, with special emphasis on: the analysis and risk management and its IT applications; Research Techniques; double taxation treaties and negotiating skills; transfer pricing and the BEPS project (tax base erosion and profit shifting).
Member countries news
Argentina Electronic payment: the AFIP provided technical assistance to the DGI of Algeria The training is part of a cooperation project existing between both administrations, within the framework of the Argentine Fund for South-South and Triangular cooperation of the Foreign Affairs Ministry and Worship of the Republic Argentina, with the aim of collaborating in the process of modernization and computerization initiated by the African body. María Luisa Carbonell Correspondent
Bolivia The SIN collected Bs. 18.785 billion in the first quarter of 2015, highlighting the corporate tax and the VAT The National Tax Service (SIN) collected Bs 18.785 billion in the first quarter of 2015, 5% more compared to the same period of the previous year. However, in regards to the collection of internal taxes- excluding the direct tax to the hydrocarbons (IDH) and the special tax on hydrocarbons and their derivatives (IEHD) – the growth was 14%, said its Executive Chairman, Erik Ariñez Bazán. Juana Patricia Jiménez Soto Correspondent
Canada Canadian Government combats international tax evasion by joining forces with international tax jurisdictions The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P, Minister of National Revenue, signed the international Multilateral Competent Authority Agreement (MCAA), an important step towards implementing the Common Reporting Standard for the automatic exchange of financial account information with other tax jurisdictions. Maria Pica Correspondent Colombia And United States sign agreement on Exchange of information for Tax Purposes Minister Mauricio said that "this agreement will change the control options, and in consequence, taxation in Colombia, allowing the DIAN to obtain information on financial assets that residents maintain abroad". Patricia Parada Correspondent
Dominican Republic
DGII is the most talkative public institution on Twitter, according to study Twiengagement 2015 The Directorate General of internal revenue heads the ranking of the public institutions that most converse with its followers on Twitter. This was revealed in the report presented by Engage Burson-Marsteller, company expert in communication, public relations and public affairs. DGII revenues amounted to RD$ 37,267.8 MM in April 2015 According to the collection report published by the Economic Studies Department of the DGII, to make the comparison and calculate the inter-annual growth, it is necessary to take into account that RD$ 10,331.3 billion were registered in in April 2014, as extraordinary income from capital gains, amnesty and tax reassessment. Nieves Vargas Collado Correspondent
El Salvador Signs agreement with OECD and adheres to the Global Forum against tax avoidance and tax evasion El Salvador signed on Monday June 1 the Multilateral Convention on Mutual Administrative Assistance in Tax Matters; this initiative is an effort to combat tax evasion and tax avoidance in the country. Ramón Pérez Gómez Correspondent
Honduras DEI exceeds goal for income tax collection Income tax collection for the 2014 period, which expired I April, attained 4, 475. Millions Lempiras, confirmed the authorities of the Executive Directorate of income (DEI). The compliance with the income tax goal in April is a 121.4 percent representing more than 791 million above target. Gabriel Perdomo Correspondent
News IBFD Cooperation IBFD-CIAT Go to News
Additional information Bibliographic News June, 2015 This document provides for reference purposes, the most recent documents produced by CIAT and other editorials in the month of June; either articles or other periodic publications, research works and studies of interest...See document