THE
Organisation for Economic Co-operation and Development (OECD) yesterday released
BEPS Action 14 on More Effective Dispute Resolution
Mechanism and Peer Review Documents, which
will form the basis of the Mutual Agreement Procedure (MAP) peer review
and monitoring process.
In accordance with the Assessment
Methodology, the reviews will be conducted in batches, with the first batch
commencing in December 2016. The first schedule of reviews is now available.
This schedule also identifies the developing countries for which the review
has been deferred. The schedule will be updated periodically to include the
remaining Inclusive Framework members.
In preparation for the first batch of reviews and in recognition that taxpayers
are the main users of the MAP, the FTA MAP Forum invites taxpayers to provide
input on specific areas relating to access to MAP, clarity and availability
of MAP guidance and the timely implementation of MAP agreements in relation
to the first batch of reviews, which comprises the reviews of Belgium, Canada,
the Netherlands, Switzerland, the United Kingdom and the United States.
Taxpayers are requested to submit their inputs using this questionnaire for
each of the jurisdictions listed. The completed questionnaire should be
sent in Word format to fta.map@oecd.org at the latest by 28 November 2016.
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