On 11 December, INREV filed a response to the OECD consultation on the Pillar II Blueprint supporting the exemption of minimum tax requirements for investment fund vehicles and certain entities or arrangements established.
On 2 December, INREV filed its response to the OECD’s Global Base Erosion proposal – Pillar Two. The proposal had important implications for real estate fund structures that INREV highlighted.
On July 11, in an important step for non-listed real estate investment funds, the OECD released draft contents of the 2017 update to the OECD Model Tax Convention. In the draft, the OECD took notice of the comments INREV and others made. Several relevant changes now appear in the real estate example.
On 6 January, the OECD issued a discussion draft on Non-CIVs that includes a realistic example of a Real Estate non-CIV (example 3).
The OECD and European Union are progressing with important changes to critical tax regulations.
View our tax snapshot to keep up to date with INREV’s response to the OECD BEPS project consultation, and find out more about the expected impact of the Anti-Tax Avoidance Directive recently agreed by the EU Council.