The OECD's Forum on Harmful Tax Practices has approved peer review results showing continued global progress in eliminating harmful tax practices, with new regimes in Ireland and Peru deemed compliant and 11 low-tax jurisdictions receiving "not harmful" status in their fifth annual monitoring.
The OECD has released the peer review results from the Forum on Harmful Tax Practices, examining preferential tax regimes and low-tax jurisdictions under BEPS Action 5, on 12 February 2026. The reviews, approved by the OECD/G20 Inclusive Framework on 5 February 2026, show continued progress in combating harmful tax practices and improving transparency.
The latest peer review results on preferential tax regimes and no or only nominal tax jurisdictions highlight continued progress by jurisdictions worldwide to ensure their tax systems do not enable harmful tax practices and enhance transparency, in line with the BEPS Action 5 minimum standard.
During its meeting in November 2025, the OECD Forum on Harmful Tax Practices (FHTP) reached new conclusions on four regimes and completed its fifth annual monitoring of the substantial activities requirements in no or only nominal tax jurisdictions, as part of the implementation of the BEPS Action 5 minimum standard on harmful tax practices.
Three newly introduced regimes were examined, with two being assessed as not harmful (Ireland and Peru), while one was found to have been abolished (Fiji). In addition, one regime that had previously been under review was confirmed as abolished (Fiji).
At its November 2025 meeting, the FHTP updated conclusions for eight preferential tax regimes. In addition, the FHTP concluded its fifth annual monitoring process for the effectiveness in practice of the substantial activities requirements in no or only nominal tax jurisdictions. The Inclusive Framework on BEPS approved these results on 5 February 2026.
New regime results – FHTP November 2025 meeting
The table below presents the new results on preferential regimes from the FHTP meeting in November 2025.
| Jurisdiction | Regime | Status | Comments | |
| 1 | Fiji | Original Income communication technology (ICT) business investment incentives | Abolished | Grandfathering not in accordance with FHTP’s timelines, but no BEPS impact |
| 2 | Fiji | Export income deduction regime | Abolished | Grandfathering in accordance with FHTP’s timelines |
| 3 | Ireland | Participation exemption for certain foreign dividends | Not harmful | New regime, designed in compliance with FHTP standards |
| 4 | Peri | Framework law on special economic zones (ZEEP) | Not harmful | New regime, designed in compliance with FHTP standards |
The FHTP’s fifth annual monitoring of substantial activities requirements found 11 jurisdictions to be “not harmful”: Anguilla, Bahamas, Bahrain, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Isle of Man, Jersey, and Turks and Caicos Islands. However, improvements are needed by the next annual review for Anguilla (information exchanges, statistical data, and compliance programmes) and the Turks and Caicos Islands (compliance programmes and statistical data).
