This report sets out recent developments in international tax co-operation, including the OECD’s support of G20 priorities such as the implementation of the BEPS minimum standards, the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, and tax transparency, as well as updates regarding the April Inclusive Framework Plenary meeting and initiatives to find simplification and reduce compliance burdens. This report was prepared by the OECD ahead of the third meeting of G20 Finance Ministers and Central Bank Governors under the South African G20 Presidency, held on 17-18 July 2025 in South Africa. The report also transmits a stocktake on progress involving tax transparency since the inception of the G20, as requested by the South African G20 presidency.
