On 13 August 2019, the OECD announced the release of the first stage 2 monitoring reports for BEPS Action 14 on improving tax dispute resolution mechanisms.
13/08/2019 – The work on BEPS Action 14 continues with today's publication of the first round of stage 2 peer review monitoring reports, which consists of monitoring the follow-up of any recommendations resulting from jurisdictions' stage 1 peer review reports.
The stage 2 monitoring reports for Belgium, Canada, the Netherlands, Switzerland, United Kingdom and the United States evaluate the progress made by these six jurisdictions. The results thus far demonstrate positive change across all six jurisdictions. To highlight a few noteworthy examples:
Further progress on making dispute resolutions more timely, effective and efficient will become known as other stage 2 monitoring reports are published. In the meantime, the OECD will continue to publish stage 1 peer review reports in accordance with the Action 14 peer review assessment schedule. The publication of the sixth batch of Action 14 peer reviews is forthcoming.
More on the BEPS Action 14 peer review and monitoring process.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.