The OECD has published nine stage-2 peer review reports under BEPS Action 14 (minimum standard to improve the resolution of tax-related disputes).
The reports cover Andorra, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia.
Highlights of the reviews include:
Andorra, Morocco and Tunisia have signed up to the Multilateral Instrument;
Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia have a documented bilateral notification and consultation process which they apply in cases where an objection is considered as being not justified by their competent authority;
Faroe Islands have closed mutual agreement procedure (MAP) cases within 24 months;
Andorra, Macau (China) and Tunisia have ensured that MAP agreements can be implemented notwithstanding domestic time limits; and
Bermuda, Faroe Islands, Macau (China), Morocco and Tunisia have issued or updated their MAP guidance.
The OECD has published nine stage-2 peer review reports under BEPS Action 14 (minimum standard to improve the resolution of tax-related disputes).
The reports cover Andorra, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia.
Highlights of the reviews include:
Andorra, Morocco and Tunisia have signed up to the Multilateral Instrument;
Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia have a documented bilateral notification and consultation process which they apply in cases where an objection is considered as being not justified by their competent authority;
Faroe Islands have closed mutual agreement procedure (MAP) cases within 24 months;
Andorra, Macau (China) and Tunisia have ensured that MAP agreements can be implemented notwithstanding domestic time limits; and
Bermuda, Faroe Islands, Macau (China), Morocco and Tunisia have issued or updated their MAP guidance.
