Summary: 1. BEPS Action 5: harmful tax practices - OECD issues "Action 5: Agreement on Modified Nexus Approach for IP Regimes" and explanatory paper - 30% up-lift and progressive close-down of existing regimes - Qualifying IP assets - For a copy of the two OECD documents, visit www.deloitte.com/bepscentral 2. BEPS Action 13: CbC reporting - OECD issues "Action 13: Guidance on the Implementation of Transfer Pricing Documentation and Country-by-Country Reporting" - Timing - Which MNE groups will be covered - Confidentiality, consistency, and "appropriate use" conditions - Transmission methods - For a copy of the OECD document, and our Tax Alert on this topic, visit www.deloitte.com/bepscentral 3. BEPS Action 15: multilateral instrument - OECD issues agreed mandate for negotiation of the multilateral instrument - For a copy of the mandate and the explanatory notes, visit www.deloitte.com/bepscentral 4. Other BEPS stories 4.1 Public comments - OECD releases public comments on four discussion drafts issued in December 2014 - 2,630 pages! - To read the comments, visit www.deloitte.com/bepscentral 4.2 OECD webcast - To watch a replay of the webcast, visit www.deloitte.com/bepscentral 4.3 G20 meeting - 62 countries participating directly in the BEPS project, 12 from Asia Pacific - For a copy of the OECD report, visit www.deloitte.com/bepscentral 4.4 UK PAC - For a copy of the latest report from the Public Accounts Committee, visit www.deloitte.com/bepscentral 4.5 EU: Amazon and Luxembourg - Public comments requested 5. China: indirect transfers - Bulletin 7 is issued - Major changes to China's taxation of indirect transfers - Broadening of scope - Safe harbors, including qualifying group reorganizations - For a copy of Bulletin 7 (in original Chinese language, and in our unofficial English translation), or a copy of our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytes - For information: Vicky Wang (Shanghai): vicwang@deloitte.com.cn or Ye Hong (Shanghai): hoyeqinli@qinlilawfirm.com 6. Indonesia 6.1 APAs - Regulation 7 on Indonesia's APA program - For a copy of Regulation 7 (in original Bahasa Indonesia language), or a copy of our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytes - For information: Carlo Navarro (Jakarta): canavarro@deloitte.com 6.2 VAT on inbound digital supplies - For information: Turmanto (Jakarta): tturmanto@deloitte.com 6.3 Tax appeals - For information: Nazly Siregar (Jakarta): nsiregar@deloitte.com 7. In brief 7.1 Malaysia - For a copy of the guidance on Malaysia's MAP procedures, visit www.deloitte.com/ap/dbriefs/bytes - For information: Tan Hooi Beng (Kuala Lumpur): hooitan@deloitte.com
