BEPS Readiness Scan 1-2-3
BEPS is coming - check if you are ready
OECD and G20 started the fight against Base Erosion and Profit Shifting (“BEPS”) which includes aggressive tax planning in 2013. This culminated in 15 action points and several reports recommending changes.
Some of these changes will be implemented locally (e.g. changes in transfer pricing rules) and some through updates of international conventions. The new multilateral instrument (the “MLI”) that will change over 1000 tax treaties, and thus increase source taxation, will become effective from 1 July. The MLI will most likely effect the taxation of Norwegian groups from 1 January 2019.
Deloitte has developed a product called the BEPS Readiness Scan 1-2-3, which is basically a three step process:
- You [CFO, head of tax, etc.] answer the questions in a quest back that we have prepared for international groups with Norwegian companies, focusing on the BEPS action points relevant for corporate income tax purposes (which may take from 60-120 minutes answering depending on the complexity of the group);
- We have a meeting discussing the topics in the quest back;
- We issue a high-level BEPS Readiness Scan that indicates your group’s BEPS readiness (red, yellow or green) and suggest measures to improve the BEPS readiness.
This is a one-size fits all product that will cost NOK 30 000 per scan.
If this sounds intriguing, please contact us: