The OECD today asked multinational taxpayers and their advisors to provide information about their experiences with the tax treaty mutual agreement procedure (MAP) in Guernsey, Isle of Man, Jersey, Monaco, San Marino, Serbia, Brunei Darussalam, and Curaçao.
The MAP is mechanism available to taxpayers through tax treaties that gets governments together to help resolve cross-border tax disputes.
The information collected about the eight countries’ procedures will be used for a review being conducted by the OECD-led “Inclusive Framework on BEPS,” a coalition of 128 countries interested in improving the international tax system.
Members of the Inclusive Framework, including the eight named countries under review, have committed to implementing minimum standards developed in the 2015 OECD/G20 base erosion profit shifting (BEPS) plan agreements and to be reviewed by their peers for compliance with those standards. The minimum standards include standards on the countries’ implementation of the MAP.
The OECD seeks information on taxpayers’ access to MAP in these countries, on the clarity and availability of the MAP guidance, and on whether MAP agreements are a timely implemented.
Comments should be provided on a questionnaire by March 19.
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