The Organisation for Economic Cooperation and Development (OECD) announced a second round of BEPS Action 5 peer reviews and release of the first two batches of BEPS Action 14 peer reviews under the simplified mutual agreement procedure (MAP) review process.
- The OECD on August 27, 2024, announced new conclusions reached by the Forum on Harmful Tax Practices (FHTP)—as part of their review of implementation of the BEPS Action 5 minimum standard—with respect to special tax regimes in Armenia, Bulgaria, Croatia, Eswatini, and Hong Kong.
- The OECD on September 16, 2024, announced the release of 20 Stage 1 BEPS Action 14 peer reviews under the simplified MAP review process for the following countries in batches one and two: Albania, Antigua and Barbuda, Belize, Botswana, Colombia, Cook Islands, Costa Rica, Dominican Republic, Egypt, Jamaica, Jordan, Lithuania, Mauritius, Nigeria, North Macedonia, Pakistan, Serbia, Seychelles, Sri Lanka, and Zambia.
Read an October 2024 report prepared by KPMG’s EU Tax Centre