The OECD on 1 February 2017 released the Terms of Reference and Methodology for conducting the peer review of two minimum standards under the BEPS Action Plan, namely (a) Country-by-Country reporting as per BEPS Action 13, and (b) the compulsory spontaneous exchange of tax rulings (“transparency framework”) as per BEPS Action 5.
The peer review and monitoring of the implementation of County-by-Country reporting will be conducted by an ad-hoc group consisting of delegates from Wor…