The latest peer review results on preferential tax regimes and no or only nominal tax jurisdictions highlight continued progress by jurisdictions worldwide to ensure their tax systems do not enable harmful tax practices and enhance transparency, in line with the BEPS Action 5 minimum standard.
During its meeting in November 2025, the OECD Forum on Harmful Tax Practices (FHTP) reached new conclusions on four regimes and completed its fifth annual monitoring of the substantial activities requirements in no or only nominal tax jurisdictions, as part of the implementation of the BEPS Action 5 minimum standard on harmful tax practices.
Three newly introduced regimes were examined, with two being assessed as not harmful (Ireland and Peru), while one was found to have been abolished (Fiji). In addition, one regime that had previously been under review was confirmed as abolished (Fiji).
Furthermore, the results of the FHTP’s fifth annual monitoring of the substantial activities requirements in no or only nominal tax jurisdictions indicate that the majority of these jurisdictions are fully compliant with the BEPS Action 5 minimum standard. However, focused monitoring will be undertaken for two jurisdictions (Anguilla and the Turks and Caicos Islands), where substantial improvements are required in specific areas.
Since the launch of the BEPS Project, the FHTP has reviewed a total of 326 preferential regimes, with almost 40% of those regimes being abolished.
More information on BEPS Action 5 on harmful tax practices can be found at: https://www.oecd.org/en/topics/harmful-tax-practices.html.
Enquiries should be directed to the Communications Office in the OECD Centre for Tax Policy and Administration.
