COMTAX AB
  • Home
  • Products
  • NEWS
  • Partners
  • Contact
  • Join us
  • FAQs
  • Login

International Tax News & Updates

OECD publishes MAP peer review reports for seven jurisdictions

4/14/2020

 
Picture
On April 9, 2020, the OECD published stage 2 peer review monitoring reports of a further seven jurisdictions as part of its work on Action 14 of the base erosion and profit shifting (BEPS) project.

The reports concern the following seven jurisdictions: Austria, France, Germany, Italy, Liechtenstein, Luxembourg, and Sweden.

The reports evaluate the progress made by these seven jurisdictions in implementing any recommendations resulting from jurisdictions' stage 1 peer review reports. The stage 2 monitoring considers any developments in the period April 1, 2017 – September 30, 2018, and the mutual agreement procedure (MAP) statistics are based on years 2016 and 2017.

The results from the peer review and peer monitoring process demonstrate positive changes across all seven jurisdictions, although not all show the same level of progress, the OECD said.

According to the OECD, all jurisdictions now have a documented notification/bilateral consultation process to be applied in cases where an objection is considered as being not justified by their competent authority.

The report reveals that Austria, Germany, Italy, Luxembourg, and Sweden have added more personnel to the competent authority function, and/or made or initiated several organisational improvements with a view to handling MAP cases in a more timely, effective, and efficient manner.

The report further reveals that Austria, Germany and Sweden decreased the amount of time needed to close MAP cases, and Liechtenstein and Luxembourg met the sought-after 24-month average time frame to close MAP cases. Austria introduced legislative changes to ensure that all MAP agreements can be implemented notwithstanding domestic time limits if the treaty does not provide for it, while in five of the other six, this is already the case.
​
Last, Austria, Germany, Luxembourg, and Sweden have updated or clarified issues in their MAP guidance. 

See Reports

Comments are closed.
    Subscribe now!

    Archives

    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    February 2014

COMTAX AB

C/o Ekonomiforetaget Baehring Dahl AB
Berga Alle 3
25452 Helsingborg
Sweden

CONTACT

Tel.: +46 46 590 07 70
E-mail: support(@)comtaxit.com

INFORMATION

Privacy Statement
Partner Program
Picture
© COPYRIGHT 1985 - 2024 COMTAX AB.  ALL RIGHTS RESERVED.
  • Home
  • Products
  • NEWS
  • Partners
  • Contact
  • Join us
  • FAQs
  • Login