On January 30, OECD invited multinationals to provide input on the Mutual Agreement Procedure (MAP) peer review and monitoring process, which was launched in December 2016 under Action 14 of the BEPS Action Plan. At this stage, OECD gathers input on Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden.
The peer review process is conducted in two stages. Firstly, implementation of the Action 14 minimum standard is evaluated for Inclusive Framework members, according to the schedule of review. Secondly, the follow-up of the recommendations resulting from jurisdictions' Stage 1 report is monitored.
The OECD is now gathering input for the Stage 1 peer reviews of Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden. Taxpayers are invited to comment on specific issues relating to access to MAP, clarity and availability of MAP guidance and the timely implementation of MAP agreements. Taxpayers need to complete the questionnaire and return it to email@example.com (in Word format) by 27 February 2017 at the latest.
Transfer Pricing Associates introduces TPA BEPS Desk. If you have any questions, or need more detailed advice on any aspects of BEPS related issues, please get in touch with us. The TPA Global network has alliance partners throughout the world, and the network can provide multi-disciplinary approach on today's critical transfer pricing challenges faced by multinational enterprises.
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