Friday, 13 January 2017

OECD issues guidance on Action 14 peer reviews

The G20/OECD and other countries participating in the ‘Inclusive Framework’ on base erosion and profit shifting (BEPS) published key documents setting out the infrastructure for peer review and monitoring of mutual agreement procedures under Action 14 (“Making Dispute Resolution Mechanisms More Effective”) of the BEPS Action Plan.
Action 14 calls for effective dispute resolution mechanisms to resolve tax treaty-related disputes, and the October 2015 final report outlined the minimum standard and best practices for resolving treaty-related disputes under MAP.
More than 100 countries that are members of the Inclusive Framework on BEPS have committed to the implementation of the Action 14 minimum standard and to have their implementation reviewed by their peers. 
Source & more info: Deloitte