Welcome to the Chartered Accountants Ireland BEPS centre

“Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid. BEPS is of major significance for developing countries due to their heavy reliance on corporate income tax, particularly from multinational enterprises (MNEs)”.



Last week, the Inclusive Framework on BEPS approved the latest results of the reviews of jurisdictions’ domestic laws which were carried out by the OECD Forum on Harmful Tax Practices (FHTP). The reviews covered preferential tax regimes and the substantial activities standard for “no or only nominal tax jurisdictions”. The FHTP reviewed the domestic laws of the 12 “no or only nominal tax jurisdictions” and considered 56 preferential tax regimes. The FHTP has reviewed 287 regimes since the start of the BEPS Project. Read more.

Jul 29, 2019

The OECD is now gathering feedback for Stage 1 peer reviews on specific Mutual Agreement Procedure (MAP) related issues and invites taxpayers to submit input by 12 August 2019. The MAP peer review process is part of BEPS Action Plan 14 which was launched in December 2016 and aims to improve the tax treaty dispute resolution process. The MAP peer review process is conducted under two stages. The OECD is now gathering input for Stage 1 peer reviews of Andorra, Anguilla, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia and invites taxpayers to submit input using the taxpayer input questionnaire. The completed questionnaire should be returned to fta.map@oecd.org by 12 August 2019.

Jul 22, 2019

The OECD has updated its Matching Database for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI). It now includes information on entry into effect dates and reference to synthesised texts, if available. The Matching Database makes projections on how the MLI modifies a specific tax treaty covered by the MLI by matching information from Signatories’ MLI positions. According to the OECD, this tool is a preliminary (beta) version that will be improved over time. The OECD welcomes comments and suggestions from the public on the development of improved versions of the MLI Matching Database.

Jun 24, 2019