On December 4, 2017 the OECD released the first set of Peer Review Reports on the Exchange of Information on Tax Rulings (BEPS Action 5).

 

This first annual report on the exchange of information on rulings evaluates how 44 countries, including all OECD members and all G20 countries, are implementing one of the four new minimum standards agreed in the OECD/G20 BEPS Project. The annual report includes almost 50 country-specific recommendations on issues such as improving the timeliness of the exchange of information, ensuring that all relevant information on the taxpayer’s related parties is captured for exchange purposes, and ensuring that exchanges of information are made with respect to preferential tax regimes that apply to income from intellectual property.

 

Click here to be forwarded to the OECD page where you can find “Harmful Tax Practices - Peer Review Reports on the Exchange of Information on Tax Rulings” as released by the OECD on December 4, 2017.

 

 

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