05 December 2017 OECD releases first annual peer review report on Action 5 The Organisation for Economic Co-operation and Development (OECD) released the first annual peer review report on December 4, relating to the compliance by members of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) of the minimum standards on Action 5 for compulsory spontaneous exchange on certain tax rulings (the transparency framework). The report covers the jurisdictions which participated in the BEPS project prior to the creation of the Inclusive Framework, and it assesses the 2016 calendar-year period. This report will be followed by annual reviews performed at least through 2020 (the end of the current agreed review period). With regard to jurisdictions that joined the BEPS inclusive framework in 2016, the next annual peer review process will be their first review. Document ID: 2017-2055 |
