The Organisation for Economic Co-operation and Development (OECD) recently published the fourth annual peer review report of Base Erosion and Profit Shifting (BEPS) Action 13 – Country-by-Country (CbC) Reporting and the seventh batch of the Stage 2 peer review reports of Action 14 – Mutual Agreement Procedure (MAP) for Mainland China and Hong Kong SAR.
The peer review reports evaluate the progress made by jurisdictions of the OECD/G20 Inclusive Framework on BEPS (IF), including Mainland China and Hong Kong SAR, in implementing the BEPS Action 13 and Action 14. The reviews show positive results for Mainland China and Hong Kong SAR, which indicate both competent authorities’ continuous efforts and commitment to participate in global efforts to address BEPS issues.
