Countries Discuss Implementation of BEPS Minimum Standards

Countries Discuss Implementation of BEPS Minimum Standards

More than 60 delegates from 16 countries met recently at the regional meeting of the Inclusive Framework on base erosion and profit shifting (BEPS) in Eastern Europe and Central Asia to discuss implementation of the BEPS measures.

The meeting was held in Yerevan, Armenia on November 7-9, 2018. The event was hosted by the State Revenue Committee of the Republic of Armenia in co-operation with the OECD and the Intra-European Organisation of Tax Administrations.

At the meeting, participants shared and discussed the steps and actions taken in their respective jurisdictions to implement the BEPS measures, which were released by the OECD in October 2015.

Participants discussed recent developments, in particular as regards to peer review mechanisms and timelines for the implementation of the four BEPS minimum standards and the signing of the Multilateral Instrument to implement tax-treaty related BEPS measures.

The meeting provided participants with the opportunity to work together on practical case studies on country-by-country reporting (BEPS Action 13), on preferential tax regimes and exchange of information on tax rulings (BEPS Action 5), and on tax treaty shopping and tax treaty abuse (BEPS Action 6).