OECD Seeks Feedback On Dispute Resolution In Ten Jurisdictions

by Ulrika Lomas, Tax-News.com, Brussels

25 July 2019

The OECD has requested stakeholders' input on the dispute resolution processes in place in Andorra, Anguilla, Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, the Faroe Islands, Macau (China), Morocco, and Tunisia.

It is reviewing these territories' implementation of the base erosion and profit shifting (BEPS) Action Plan minimum standard on tax treaty dispute resolution under Action 14.

In partaking in the BEPS Inclusive Framework, the territories have committed to implementing this and the three other BEPS minimum standards and take part in peer review processes.

The peer review and monitoring process under Action 14 was launched in December 2016 and is now well underway. This is the eighth package of territories to be subject to a Stage 1 review, which looks at changes that have been made to implement the standard. Stage 2 monitors how territories have responded to any recommendations included in their Stage 1 report.

The OECD is seeking input from taxpayers, via a questionnaire, on specific issues relating to access to Mutual Agreement Procedure (MAP) resolution; the clarity and availability of MAP guidance; and whether MAP agreements are timely implemented in each of the territories.

The OECD highlighted that as taxpayers are the main users of the MAP their input is key for the review process.

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