OECD: Transparency on tax rulings, status of spontaneous exchanges of information

OECD: Transparency on tax rulings

The Organisation for Economic Cooperation and Development (OECD) today issued a report on the progress made by 124 jurisdictions in spontaneously exchanging information on tax rulings, in accordance with the BEPS Action 5 minimum standard.


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According to the OECD release, transparency on tax rulings is now part of the international tax framework, with 20,000 tax rulings having been identified and 36,000 exchanges between jurisdictions having taken place.

The OECD report released today reflects that 81 jurisdictions are fully in line with the BEPS Action 5 minimum standard, and the remaining 43 jurisdictions receiving one or more recommendations to improve their legal or operational framework to identify and exchange the tax rulings. The BEPS project reached its five-year mark in 2020, and the Inclusive Framework is working to continue the progress for future transparency in relation to the issuance of tax rulings.

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