13/09/2022 - Under BEPS Action 14, jurisdictions have committed to implement a minimum standard to improve the resolution of tax-related disputes between jurisdictions. Despite the significant disruption caused by the ongoing COVID-19 pandemic and the necessity to hold all meetings virtually, work has continued with the release today of the Stage 2 peer review monitoring reports for Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, United Arab Emirates and Viet Nam.
These reports evaluate the progress made by these 13 jurisdictions in implementing any recommendations resulting from their Stage 1 peer review. They take into account any developments in the period 1 January 2020 – 31 October 2021 and build on the Mutual Agreement Procedure (MAP) statistics for 2016-2020.
The results from the peer review and peer monitoring process demonstrate positive changes across all 13 jurisdictions, although not all show the same level of progress. Highlights include:
The OECD has published, in total, 82 Stage 1 peer review and Stage 2 peer monitoring reports in all batches in accordance with the Action 14 peer review assessment schedule. With this, the Action 14 peer review process for all reviewed jurisdictions under the current Assessment Methodology has been completed.
More information on the BEPS Action 14 Mutual Agreement Procedure can be found at https://oe.cd/bepsaction14
Media queries should be directed to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration (+33 1 45 24 91 08), or Achim Pross, Head of the International Co-operation and Tax Administration Division (+33 1 45 24 98 92).