OECD unveils plan for 2014/2015 BEPS work

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

OECD unveils plan for 2014/2015 BEPS work

calendar-planned-c.png

The OECD is getting straight back to work on base erosion and profit shifting (BEPS).

It is less than two weeks since the OECD presented its first set of recommendations and reports on BEPS to G20 finance ministers and already it is showing its determination to complete the rest of the work on time by the end of next year. It has published the schedule for discussion papers, public consultations and webcasts over the next 10 months.

calendar-planned.png

First up is the discussion draft on low-value adding services, which is due out in mid-October. This paper is one of the exceptions to the general rule that the period for comment on discussion drafts will be 30 days.

This draft will be open for comment for 45 days, as will treaty abuse (out in mid-November), and three separate papers covering risk and recharacterisation, commodity transactions and profit splits (mid-December). The PE (permanent establishment) status draft, which is bound to attract a lot of attention, is due out at the end of this month and will be open for comment for 60 days.

There will be 10 public consultations, starting with PE status, dispute resolution and treaty abuse over three consecutive days in January and finishing with separate sessions on CCAs (cost contribution arrangements) and intangibles, covering ownership and valuation, in July 2015.

The OECD is also continuing with its series of well-received BEPS webcasts, giving updates on progress. Three will take place, in November, and next year in January and April.

more across site & shared bottom lb ros

More from across our site

AI-powered tax agents are likely to be the next big development in tax technology, says Russell Gammon of Tax Systems
FTI Consulting’s EMEA head of employment tax and reward tells ITR about celebrating diversity in the profession, his love of musicals, and what makes tax cool
Canadian Prime Minister Mark Carney and US President Donald Trump have agreed that the countries will look to conclude a deal by July 21, 2025
The firm’s lack of transparency regarding its tax leaks scandal should see the ban extended beyond June 30, senators Deborah O’Neill and Barbara Pocock tell ITR
Despite posing significant administrative hurdles, digital services taxes remain ‘the best way forward’ for emerging economies, says Neil Kelley, COO of Ascoria
A ‘joint understanding’ among G7 countries that ‘defends American interests’ is set to be announced, Scott Bessent claimed
The ‘big four’ firm’s inaugural annual report unveiled a sharp drop in profits for 2024; in other news, Baker McKenzie and Perkins Coie expanded their US tax benches
Representatives from the two countries focused on TP as they met this week to evaluate progress under a previously signed agreement – it is understood
The UK accountancy firm’s transfer pricing lead tells ITR about his expat lifestyle, taking risks, and what makes tax cool
Dolphin Drilling intends to discuss the final liability amount and manner of settlement with HM Revenue and Customs
Gift this article