Eurasian countries to discuss tax issues caused by economic digitalization

The Fifth Regional meeting on BEPS for Eurasian countries hosted by the OECD, the Intra-European Organisation of Tax Administrations (IOTA) and the Ministry of Taxes of the Republic of Azerbaijan will be held in Baku.

Report informs citing the OECD statement that regional meetings enable all countries and jurisdictions, Inclusive Framework on BEPS members and non-members, to share their experiences on BEPS implementation on a regional basis, and feed their perspectives into the global dialogue.

This meeting will in particular focus on the Inclusive Framework's most recent Programme of Work, which aims to address the tax challenges arising from the digitalisation of the economy by providing consensus-based, long-term solutions.

The meeting will bring together officials from Finance Ministries and Tax Administrations of Eurasian countries, decision-makers as well as technical experts, and representatives from the OECD, regional and other international organisations.

Notably, the BEPS plan consists of 15 steps. Each step represents a description of a separate tax problem and proposed ways of solving it.