Developing countries show strong interest in the OECD's BEPS recommendations

Many developing countries may implement the recommendations of the BEPS project that are relevant to them. This list of countries and topics seems to be wider than many commentators expected. 

The OECD's Task Force on Tax and Development meeting on 2-3 November 2015 allowed a number of countries to specify points of satisfaction or dissatisfaction with the BEPS recommendations. There were further, similar opportunities at recent regional BEPS meetings in various locations. The first plenary session of the Ad Hoc Group on the Multilateral Instrument and the 20th Global Forum on Tax Treaties also showed high levels of participation from developing countries.

The OECD, in conjunction with other supranational organisations, is developing toolkits that cover BEPS and other areas of particular interest to developing countries. These toolkits should help address their limited capacity for changing their tax systems. A 'framework' is also being established for broader involvement on an equal footing of developing countries and interested supranational organisations, including the United Nations, International Monetary Fund and World Bank Group, in the monitoring and implementation of the BEPS recommendations.

For the PwC Tax Policy Bulletin, go here.

By PwC, posted on Wednesday December 23, 2015

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