The Organisation for Economic Co-operation and Development (OECD) and the Intra-European Organisation of Tax Administrations (IOTA) signed the renewal of a Memorandum of Understanding (MOU) for Co-operation between both Parties.
The two organisations, which have worked together since 2000, expressed their intention to expand the co-operation in promoting fair and efficient tax systems and enhancing the efficiency and effectiveness of tax administration.
The Memorandum is signed in the context of IOTA’s participation in the 8th Meeting of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (Inclusive Framework). From the launch of the Inclusive Framework in 2016, IOTA has been a reliable partner of the OECD as an official observer in the Inclusive Framework and in the development and delivery of regional meetings on BEPS for Eurasian countries. These meetings are a key element of the Inclusive Framework, enabling all countries and jurisdictions to share their experiences on BEPS implementation in a regional context, and feed their perspectives into the global dialogue.
Another example of close collaboration is IOTA’s role as an Observer in the OECD-hosted Global Forum on Transparency and Exchange of Information in Tax Matters elaborating materials on best practices and practical solutions for successful implementation of the international standards on tax transparency and exchange of information for tax purposes.
The organisation of joint events on some of the most important issues in international taxation – innovation in tax collection and recovery, Mutual Agreement Procedure (MAP), transfer pricing and indirect taxes, digital transformation of revenue authorities - have been a proof of the successful collaboration between the two organisations, in supporting the development and implementation of successful tax administration practices.
Mr Georgios Pitsilis, the Governor of the Independent Authority for Public Revenue of the Hellenic Republic and the current President of IOTA, said: “Today marks an important milestone for IOTA and the OECD which reconfirms and further strengthens our strategic co-operation. I am pleased that the Memorandum of Understanding we are signing here today is expanding the scope of the co-operation where both organisations will benefit from sharing of perspectives on tax issues and feeding IOTA member views into OECD standard-setting in taxation, particularly in the areas of exchange of information and countering base erosion and profit shifting”.
“IOTA is an important partner and we have a long-standing relationship of mutual benefit. Our joint work over the past years shows that by sharing knowledge and experience on taxation we can find common solutions to global challenges”, said Pascal Saint-Amans, Director of the OECD’s Centre for Tax Policy and Administration.
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