The 7th Regional Meeting on Base Erosion and Profit Shifting (BEPS) for Eurasian Countries was held virtually on 18th-19th November 2021 and was hosted by the OECD, the Ministry of Finance of the Republic of North Macedonia, and IOTA.
Regional meetings enable all countries and jurisdictions of the OECD Inclusive Framework (IF) on BEPS and non-IF members to share their views and experiences on BEPS implementation on a regional basis and feed their perspectives into the global tax dialogue.
Over 100 delegates from 18 Eurasian countries participated in this year’s regional consultation, including business, academia and civil society representatives.
The meeting provided updates on the membership of the Inclusive Framework and the recent work on a two-pillar solution to address the tax challenges arising from digitalisation of the economy.
The meeting also presented recent developments on the implementation of the BEPS minimum standards in the areas of:
- Harmful Tax Practices (Action 5),
- Country-by-Country reporting (Action 13), and
- Mutual Agreement Procedures (Action 14).
Finally, the meeting also provided an update on the capacity-building initiatives associated with the BEPS measures and new technical assistance programmes under development to assist lower capacity members in their implementation of the two-pillar solution.
The first half of day 1 (18th November) was open to business, civil society and academia as well as government officials, while the remainder of the event was organised solely for government representatives and international and regional organisations.
More information about the 7th Regional Meeting on BEPS for Eurasian Countries, including the Co-chairs’ Statement, can be found here.
Presentations and other material from the event is available for registered IOTA website users on the event’s webpage.