On 15 November 2018 the OECD issued a request for taxpayers to submit input in relation to the seventh round of stage 1 peer reviews under action 14 of the OECD/G20 action plan on base erosion and profit shifting (BEPS). Action 14 is concerned with making dispute resolution procedures more effective.
The stage 1 peer reviews are part of the process of measuring the tangible progress made by members of the Inclusive Framework on BEPS in making dispute resolution procedures more timely, efficient and effective. When the stage 1 peer reviews are completed reports will be issued assessing the progress on dispute resolution mechanisms in each of the countries. In due course the actions taken by the countries in response to those reports will be assess in stage two of the peer reviews.
The countries to be reviewed in the seventh batch are Brazil, Bulgaria, China (People’s Republic of), Hong Kong (China), Indonesia, Papua New Guinea, Russian Federation and Saudi Arabia. Input is invited from taxpayers on issues relating to access to the mutual agreement procedure (MAP); clarity and availability of MAP guidance; and the timely implementation of MAP agreements. A taxpayer input questionnaire is supplied for taxpayers to submit input in relation to each of the jurisdictions.
