OECD: Preferential tax regimes under BEPS Action 5

Latest peer review results

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February 6, 2025

The Organisation for Economic Co-operation and Development (OECD) yesterday released the latest peer review results on preferential tax regimes under BEPS Action 5.

According to the OECD release, the Forum on Harmful Tax Practices’ (FHTP) December 2024 meeting resulted in new conclusions on eight regimes (in Barbados, Croatia, Fiji, Hong Kong, Malaysia, and Trinidad and Tobago) and the completion of its fourth annual monitoring of 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.

Since the BEPS project's inception, the FHTP has reviewed 332 regimes, with over 40% being abolished or in the process of being abolished.

As of February 2025:

Not harmful / not harmful (amended)

142

Disadvantaged areas

3

Out of scope / out of scope (amended)

39

Abolished

126

In the process of being eliminated/amended

8

Under review

3

Not operational

4

Potentially harmful but not actually harmful

7

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