This is the fifth annual progress report of the OECD/G20 Inclusive Framework on BEPS. The report describes the recent progress made to deliver on the mandate of the OECD/G20 Inclusive Framework, covering the period from July 2020 to September 2021, while also taking stock of progress made since BEPS implementation began.
The report contains an overview and three sections of substantive content. Section II focuses on the implementation of BEPS Minimum Standards. Section III describes the progress made on other BEPS Actions. Section IV describes the responses to COVID-19, with a particular focus on developing countries. These are followed by an Annex containing the July 2021 Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalisation of the Economy.