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  World Tax News brings you the latest global tax developments. This week’s highlights: the OECD reports common errors in MNE Country-by-Country (CbC) reporting, Hong Kong implements BEPS 2.0 rules, and Denmark adopts DAC8 crypto tax measures. 🧾 OECD Reports Common Errors in CbC Reporting The OECD has issued a comprehensive report detailing frequent mistakes found in CbC reports filed by Multinational Enterprise (MNE) groups. 📄 Read the full OECD report (PDF) Key Issues Identified: Duplicate or missing Tax Identification Numbers (TINs) Using multiple currencies instead of one Mismatched related/unrelated party revenue totals Inappropriate inclusion of intra-group dividends in profit Omission of non-consolidated but reportable entities These errors can lead to audit triggers, penalties, and cross-border tax risks. 💼 Need help with your CbC compliance? Visit Laudable Legal Solutions for expert consultation on MNE tax reporting. 🇭🇰 Hong Kong Adopts ...

High Court: Retrospective GST Cancellation Invalid on Voluntary Surrender 🧾 High Court: Retrospective GST Cancellation Invalid on Voluntary Surrender In a series of significant judgments, Indian High Courts have reinforced the principle that retrospective cancellation of Goods and Services Tax (GST) registration is unjustified when a taxpayer has voluntarily applied for cancellation . These rulings uphold the values of procedural fairness, transparency, and natural justice within the GST regime. 📌 Legal Background: Section 29 of the CGST Act, 2017 Section 29(2) of the Central Goods and Services Tax (CGST) Act, 2017 allows the proper officer to cancel a GST registration, including with retrospective effect. However, the exercise of this power must be justified, proportional, and based on clear legal grounds—particularly where the cancellation is initiated by the taxpayer. ⚖️ Key High Court Judgments 1. Ashish Garg v. Assistant Commissioner of State ...