Event details

The reality is that multinational enterprises, particularly digital companies, are able to reach consumers without the need for a permanent establishment or fixed base in jurisdictions where services are consumed. In light of this development, and in order to assist countries to collect their fair share of taxes from revenues realised in their jurisdictions, the United Nations (UN) and the Organisation for Economic Co-operation and Development (OECD) have responded by developing various rules and frameworks for addressing tax challenges associated with the digital economy. The OECD rules and guidance are complex and difficult to administer, resulting in countries being unable to comprehend the policy choices that they need to adopt in order to fully protect their tax base. In this context, with a commitment to safeguarding the tax base of Maldives, the capacity building workshop provided a comprehensive platform for understanding international tax reforms including the analysis of UN and OECD proposals in that regard.