Over 100 delegates from 18 Eurasian jurisdictions, as well as participants from business and academia, and international organisations, gathered virtually on November 18-19, 2021, for the 7th Regional Meeting on BEPS for Eurasian Countries.
This meeting offered participants the opportunity to provide their views and input into the work on the development and monitoring of international tax standards under the OECD/G20 Inclusive Framework on BEPS. Updates were provided on the Inclusive Framework’s membership and in particular, on the recent agreement reached by 137 countries and jurisdictions on a two-pillar plan to address the tax challenges of the digitalisation of the economy.
Participants had the opportunity to share their experiences, discuss the challenges to overcome and actions required for the effective implementation of the BEPS measures, including on the tax challenges arising from the digitalisation of the economy which participants flagged as a key area of work. The meeting also fostered discussions on the implementation of the substantial activities requirements in relation to preferential tax regimes (BEPS Action 5), country-by-country reports (BEPS Action 13), and on making dispute resolution more effective (BEPS Action 14).