OECD: peer review for BEPS minimum standards released

The OECD today released documents to implement peer review of countries’ compliance with minimum standards devised under OECD/G20 base erosion and profit shifting (BEPS) Action 13, dealing with country-by-country reporting, and BEPS Action 5 on compulsory spontaneous exchange of information on tax rulings.

Ninety-four countries that have agreed to be part of the “inclusive framework on BEPS” have committed to implement the minimum standards and participate in the peer reviews.

The documents released today include the terms of reference and methodology of the peer reviews.

See:

• Peer review of BEPS Action 13 – country-by-country reporting

• Peer review of the BEPS Action 5 – transparency framework