MAP Peer Review Reports Out for Australia, Ireland, Japan, Five Others

MAP Peer Review Reports Out for Australia, Ireland, Japan, Five Others

The author is Alex Hunter, Editor, TP News. He oversees and updates the publication and also  regularly writes news stories about transfer pricing and international tax law. Alex is reachable on email ( and by phone (+447808558597). 

The OECD on August 30 published stage 1 mutual agreement procedure (MAP) peer review reports of the following eight jurisdictions: Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand, and Portugal.

The reports highlight how well these jurisdictions are implementing the base erosion and profit shifting (BEPS) Action 14 minimum standard on making tax treaty dispute resolution more timely, effective, and efficient.

The reports contain over 130 specific recommendations relating to the minimum standard. Many countries are already working to address deficiencies identified in their respective reports.

The peer review reports incorporate MAP statistics from 2016 and 2017.

The MAP peer review and monitoring process under BEPS Action 14 was launched in December 2016. The peer review process is conducted in two stages: Stage 1 evaluates implementation of the BEPS Action 14 minimum standard for members of the Inclusive Framework on BEPS, while Stage 2 focuses on monitoring the follow-up of the recommendations resulting from jurisdictions’ Stage 1 report. 

So far, a total of 29 peer reviews have been finalized, with eight more pending approval.