The OECD has released the stage 2 peer review monitoring reports on making dispute resolution more effective under BEPS Action 14 Mutual Agreement Procedure. The report covers Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal.

Under BEPS Action 14, countries have committed to implement a minimum standard to strengthen the effectiveness and efficiency of the mutual agreement procedure (MAP). The MAP is included in Article 25 of the OECD Model Tax Convention and commits countries to endeavour to resolve disputes related to the interpretation and application of tax treaties. The Action 14 Minimum Standard has been translated into specific terms of reference and a methodology for the peer review and monitoring process.

The results from the peer review and peer monitoring process demonstrate positive changes across all eight jurisdictions, although not all show the same level of progress.