Base erosion and profit shifting

OECD agrees new peer review process to foster transparency on tax rulings


22/02/2021 - In order to maintain and further improve transparency on tax rulings, the OECD/G20 Inclusive Framework on BEPS, which groups over 135 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules, approved the process for the BEPS Action 5 peer review of the transparency framework for the years 2021 to 2025 (also available in French). This includes enhanced Terms of Reference for assessing the implementation of the minimum standard and a streamlined Methodology, adopting a risk-based approach towards the peer reviews.


The new process builds on the first phase of peer reviews covering the years 2017 to 2020, with the most recent statistics gathered from the 124 peer reviewed jurisdictions showing that so far 36 000 exchanges on more than 20 000 tax rulings have taken place. Its success was further underlined in the latest peer review undertaken by the Inclusive Framework on BEPS, which found that 81 jurisdictions are fully compliant with the minimum standard.


With the renewed peer review process now being agreed, the 2021 review in relation to the year 2020 is underway, with results expected later this year.



Media enquiries 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).


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