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Saudi Arabia


  • 6-July-2020

    English

    Education in Saudi Arabia

    Saudi Arabia has embarked upon an unprecedented reform agenda known as Vision 2030, which aims to create a dynamic, diverse and sustainable economy. To meet the demands of a 21st century, knowledge-based labour market, Saudi Arabia must develop a highly-skilled population, which puts education at the centre of Vision 2030. Saudi Arabia has made tremendous progress in expanding access to education and has achieved universal enrolment rates at primary and lower secondary levels. Nevertheless, most young Saudi Arabians leave school without having mastered the basic competences needed for success in future academic and professional endeavours. There are also widening disparities between students in terms of their access to high quality education and their subsequent learning outcomes. This review, developed in co-operation with the Ministry of Education of Saudi Arabia, analyses the strengths and challenges of the country's education system and makes recommendations to help improve student learning. It will be of interest to policy makers in Saudi Arabia and international audiences who wish to learn about the country's ambitious reform efforts.
  • 11-June-2020

    English

    How Islamic finance contributes to achieving the Sustainable Development Goals

    This report identifies the opportunities that Islamic finance presents for donors. To achieve these, Arab and OECD Development Assistance Committee donors need to mobilise innovative forms of financing and deliver the call to deepen the transformation of development finance systems. DAC members could do so by broadening and deepening exposure to alternative forms of financing, such as Islamic finance. Islamic finance represents USD 2.5 trillion – a share of which could be mobilised for development – and its tenets resonate across the member countries of the Organisation for Islamic Cooperation and beyond. Arab donors could harness Islamic finance, as a means to strengthen partnerships with DAC members, whilst increasing the effectiveness of existing aid flows in countries and contexts where they have considerable access. Doing so could create a more equitable and stable development finance order capable of delivering the SDGs and achieve greater impact in partner countries. Both communities would then be able to chart a path for all development actors, notably the private sector, development finance institutions and other bilateral donors. This report provides a set of action points for Arab and DAC donors, highlighting the benefits of engaging in and co-operating through Islamic finance.
  • 飞艇群飞艇微信群15-April-2020

    English

    Tax and Fiscal Policy in Response to the Coronavirus Crisis: Strengthening Confidence and Resilience

    飞艇群飞艇微信群 This report takes stock of the emergency tax and fiscal policy measures introduced by countries worldwide in response to the Coronavirus (Covid-19) pandemic. It discusses how tax and fiscal policy can cushion the impact of continued containment and mitigation policies and subsequently support economic recovery. It also outlines the major policy reforms that will be needed to prepare for restoration of public finances.

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  • 23-February-2020

    English

    G20 Finance Ministers and Central Bank Governors Meeting: Session 2 – Enhancing Access to Opportunities

    Joblessness of the young is a particular challenge. The OECD has estimated that in G20 countries 218 million young people aged 15 to 29 are neither in employment nor in education or training. This perpetuates a vicious cycle of exclusion resulting in wasted talent, lower aggregate productivity growth and even greater inequalities.

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  • 飞艇群飞艇微信群23-February-2020

    English

    20 Finance Ministers and Central Bank Governors Meeting - Session 1 – Global Economy

    In our latest Outlook released in November, we projected global growth to remain below or around 3% for the next two years, the lowest rates since the financial crisis. Since then, manufacturing survey indicators such as export orders have begun to stabilise.

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  • 飞艇群飞艇微信群23-February-2020

    English

    Session 5 – International Taxation, G20 Finance Ministers and Central Bank Governors Meeting

    I’m happy to report on the positive progress towards a consensus-based solution to the tax challenges arising from digitalisation, achieved last month at the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting, gathering over 350 delegates.

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  • 22-February-2020

    English

    G20 International Tax Symposium Opening Remarks

    I would like to start by thanking the Saudi Presidency and Minister Al-Jadaan for hosting this Symposium, which comes at the right time. International taxation has never been that high on the global political agenda, and has never attracted so much attention from people and citizens.

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  • 21-February-2020

    English

    Mr. Angel Gurría, Secretary-General of the OECD, in Riyadh from 22 to 23 February 2020

    飞艇群飞艇微信群 Mr. Angel Gurría, Secretary-General of the OECD will be in Riyadh, Saudi Arabia on 22-23 February 2020 to attend the G20 Finance Ministers and Central Bank Governors meetings (FMCBGM) and the G20 International Taxation Symposium.

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  • 23-January-2020

    English

    Saudi Arabia deposits its instrument of ratification for the Multilateral BEPS Convention

    Today, Saudi Arabia deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Saudi Arabia, the MLI enters into force on 1 May 2020.

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  • 28-November-2019

    English

    Making Dispute Resolution More Effective – MAP Peer Review Report, Saudi Arabia (Stage 1) - Inclusive Framework on BEPS: Action 14

    Under Action 14, countries have committed to implement a minimum standard to strengthen the effectiveness and efficiency of the mutual agreement procedure (MAP). The MAP is included in Article 25 of the OECD Model Tax Convention and commits countries to endeavour to resolve disputes related to the interpretation and application of tax treaties. The Action 14 Minimum Standard has been translated into specific terms of reference and a methodology for the peer review and monitoring process. The minimum standard is complemented by a set of best practices.The peer review process is conducted in two stages. Stage 1 assesses countries against the terms of reference of the minimum standard according to an agreed schedule of review. Stage 2 focuses on monitoring the follow-up of any recommendations resulting from jurisdictions' stage 1 peer review report. This report reflects the outcome of the stage 1 peer review of the implementation of the Action 14 Minimum Standard by Saudi Arabia.
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