Today, the Inclusive Framework on BEPS released the latest peer review results for 139 jurisdictions on the spontaneous exchange of information on tax rulings, highlighting continued progress and further enhancing transparency for tax administrations worldwide. This is the ninth annual peer review under the BEPS Action 5 minimum standard, which aims to ensure tax administrations are provided with the necessary information concerning their taxpayers to efficiently tackle tax avoidance and other BEPS risks as identified by the OECD Forum on Harmful Tax Practices.
The 2024 Peer Review Reports on the Exchange of Information on Tax Rulings indicate that more than 64,000 exchanges of information have taken place in respect of the over 28,500 tax rulings that have been identified to date. For the 2024 year in review specifically, over 5,500 exchanges of information took place in respect of the almost 2,300 identified tax rulings.
Additionally, the new peer review results show that 113 jurisdictions are fully in line with the BEPS Action 5 minimum standard. The remaining 26 jurisdictions received 46 recommendations to strengthen their legal or operational framework to identify the relevant tax rulings and to spontaneously exchange information.
The latest peer review results showcase the continued high level of compliance of Inclusive Framework members with the BEPS Action 5 minimum standard and demonstrate the importance of a well-structured global policy framework to ensure transparency and the effective exchange of information on tax rulings. The next peer review round will take place in 2027, covering the years 2025 and 2026.
For more information on the BEPS Action 5 peer review and monitoring process, visit www.oecd.org/en/topics/harmful-tax-practices.html.
Queries should be directed to the Communications Office of the OECD Centre for Tax Policy and Administration.
