The health crisis has affected the tax advice of the Tax Administrations
After the great economic and social impact caused by COVID-19 worldwide, the OECD has decided to publish a report with the possible measures to be taken for the recovery of the Tax Administrations.
This document has been carried out by the Forum of Tax Administrations, the Intra-European Organization of Tax Administrations and the Inter-American Center of Tax Administrations. The objective of these organisms is to promote a recovery plan for companies that have been affected by the virus pandemic.
Given this, the Director of the OECD Tax Policy and Administration Center has stated that “it is critical to carry out an early planning of the recovery period of COVID-19 given the size of the challenges that this entails. The work carried out in collaboration with the FTA, CIAT and IOTA, which includes dissemination to developing countries, is vital to help mitigate those risks, as well as to identify opportunities that increase the effectiveness and efficiency of the tax administration in a post-crisis world. ”
Finally, another document has been published to highlight the security risks, fraud or privacy, caused during the health crisis. Currently, the Tax Administrations Forum is working to identify future priorities and other problems that arise within the scope of tax advice for expatriates or companies.
B Law & Tax
International Tax & Legal Advisors.