International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Tuesday, February 23, 2021

OECD releases the final batch of the stage 1 peer review reports for BEPS Action 14 on dispute resolution mechanisms

The stage 1 peer review assessments for ArubaBahrainBarbadosGibraltarGreenlandKazakhstanOmanQatarSaint Kitts and NevisThailandTrinidad and TobagoUnited Arab Emirates and Viet Nam evaluate the efforts made by each jurisdiction to implement the Action 14 minimum standard of the OECD/G20 BEPS Project, which aims to improve the resolution of tax-related disputes between jurisdictions.

The reports published today contain almost 340 targeted recommendations that will be followed up in stage 2 of the peer review process. The peer review reports incorporate MAP statistics from 2016 to 2019.

These stage 1 peer review reports continue to represent an important step forward to turn the political commitments made by members of the OECD/G20 Inclusive Framework on BEPS into measureable, tangible progress. Many countries are already working to address deficiencies identified in their respective reports.

The OECD has now published stage 1 peer review reports for all batches and stage 2 peer review reports for batches 1-3. The OECD will continue to publish stage 2 peer review reports in batches in accordance with the Action 14 peer review assessment schedule. In total, 82 stage 1 peer reviews and 37 stage 1 and stage 2 peer reviews have been finalised, with the fourth batch of stage 2 report to be released in a few months.

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