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August 12, 2019

The latest on BEPS as of August 12

Important change regarding The Latest on BEPS

EY’s Latest on BEPS newsletter is taking on a new look and feel. After a one-month hiatus, the now monthly communication will be released on the third Tuesday of every month, beginning 17 September 2019. The expanded newsletter, renamed The Latest on BEPS and Beyond, will include information on countries’ global and regional policy trends in addition to reports on recent BEPS-driven activity in individual countries.

If you are already registered for the Latest on BEPS newsletter, your profile will be updated automatically, with the newsletter resuming distribution on 17 September 2019. For additional information, please email Global Tax News Update Help at

Below, is EY's last biweekly report with brief summaries of the latest activity in the OECD Base Erosion and Profit Shifting (BEPS) project and the latest country specific legislative and administrative activity related to the global focus on BEPS.

In this edition, the following countries are discussed: OECD, Australia, Belgium, Cambodia, Colombia, Gibraltar, Guernsey, Hong Kong, Jersey, Lithuania and the United Arab Emirates.

A Tax Alert prepared by Ernst & Young's International Tax and Transaction Services group, and attached below, provides additional details.


The Latest on BEPS as of 12 August


The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.


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