OECD Council approves the 2017 updates to OECD model tax convention

The Organisation for Economic Cooperation and Development (OECD), on 18 December 2017, released the 2017 edition of its Model Tax Convention on Income and Capital (MTC 2017). MTC 2017 is an update to the Model Tax Convention issued in 2014, and consolidates the changes resulting from the Base Erosion and Profits Shifting (BEPS) Project under the following action plans: • Action 2 (Neutralising the Effects of Hybrid Mismatch Arrangements) • Action 6 (Preventing the Granting of Treaty Benefits in Inappropriate Circumstances) • Action 7 (Preventing the Artificial Avoidance of Permanent Establishment Status) and • Action 14 (Making Dispute Resolution More Effective) While it is not binding on countries, OECD’s Model Tax Convention on Income and Capital provides clear modalities for taxing income and capital, with a view to eliminate double taxation in different jurisdictions. It is expected that MTC 2017 will be a basis for negotiating future bilateral tax treaties…

Vacancies for Entry-Level and Experienced Consulting Professionals

Role: Associate to Mid level Consultants Business Unit/Service lines: Strategy and Operations; Human Capital; Technology and Digital Industries: All industries

Tax policy on SMEs in Nigeria – How fair?

Small and medium enterprises (SMEs) are the bedrock of the Nigerian economy. They serve as an important source of employment generation, economic dynamism, competition and innovation; thus contributing to national growth and poverty alleviation.

NEPC calls for submission of baseline data for 2017 export ratings

The Nigerian Export Promotion Council (NEPC) has requested qualifying exporters to submit baseline data for the determination of export ratings for the 2017 fiscal year i.e., incentive rates applicable under the revised export expansion grant scheme (“the Revised EEG” or “the Scheme”). This follows a similar request made earlier in the year for submission of 2013 to 2016 baseline data.