Share with your friends

OECD: Practice notes for developing countries, BEPS risks in mining

OECD: Practice notes for developing countries

The Organisation for Economic Cooperation and Development (OECD) today released a series of “practice notes” that are developed as tools for use by resource-rich developing countries.


Related content

As the OECD release observes, mineral resources present a significant economic opportunity to increase government revenue, but tax base erosion and profit shifting (BEPS), combined with gaps in the capabilities of tax authorities in developing countries, threaten this prospect. The practice notes thus have been developed for use by these governments.

The three finalised practice notes are:

  • Limiting the impact of excessive interest deductions on mining revenue (building on BEPS Action 4)
  • Tax incentives in mining: minimising risks to revenue
  • Monitoring the value of mineral exports: policy options for governments

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal