OECD releases outcomes of latest BEPS Action 13 peer reviews

Released 03 September 2019

The OECD has released the outcomes of the second phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide.

This second annual peer review considers implementation of the CbC reporting minimum standard by jurisdictions as of April 2019. Highlights include:

coverage increased to 116 jurisdictions;

practically all large MNEs now covered;

implementation largely consistent with BEPS Action 13;

jurisdictions acting on prior recommendations;

over 2,200 exchange relationships now in place.

Further information can be found here.

View the second phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative here.

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