Following the successful completion of peer reviews under the existing BEPS Action 14 Assessment Methodology, the OECD/G20 Inclusive Framework on BEPS has agreed a new Assessment Methodology for continuing the robust peer review process that seeks to increase efficiencies and improve the timeliness of the resolution of double taxation disputes. In addition, the Inclusive Framework has also agreed new data points to be reported in the annual Mutual Agreement Procedure (MAP) Statistics and the creation of a new annual framework for reporting Advance Pricing Arrangement (APA) Statistics. Discussions on changes to the BEPS Action 14 minimum standard are still ongoing.
Related content from Claritax Books
Living and Working Abroad, by Juliet Connolly and Jon Golding, offers practical guidance on tax and related matters for British individuals going to live and/or work abroad. The book complements the Claritax Books title Advising British Expats, which is more technical and which is aimed more specifically at the professional adviser.