Action-by-action observations for final OECD base... | KPMG | KE

Action-by-action observations for final OECD base erosion and profit shifting (BEPS) recommendations

Action-by-action observations for final OECD base...

Consistent with our commitment to provide updated information on current tax issues, we provide KPMG International’s release providing action-by-action observations to help organizations understand the potential impacts of the final recommendations for the 15-point Base Erosion and Profit Shifting (BEPS) Action Plan released by the Organisation for Economic Co-operation and Development (OECD).

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On 5 October, the OECD released its final action plan recommendations for BEPS. While implementation and timing will vary across borders - and some European jurisdictions have already incorporated aspects of the plan - this final OECD release marks a crucial shift from the recommendation and consultation phase of BEPS to legislation and implementation.


Many governments around the world will now turn their attention to incorporating the OECD recommendations into local tax laws, while others will take a wait and see approach, observing the ways in which other jurisdictions translate the changes into their domestic policies. Regardless of where they are headquartered, multinational organizations will feel the impact of the changes ahead, which will include stronger calls for transparency, more stringent transfer pricing policies and greater reporting obligations.


To help multinationals assess the potential impacts, tax professionals from KPMG member firms have analyzed the latest OECD recommendations and issued action-by-action observations, which include:


  • Notes on changes between the earlier OECD drafts and the final release on 5 October 2015
  • Assessments of the action plan items most likely to have a direct impact on country legislation
  • Identification of areas likely to be the most challenging for multinational organizations to address
  • Early-stage predictions for country implementation.

Greek Groups will also be impacted and in this respect actions will need to be carried out.


More information on the OECD Action Plan on Base Erosion and Profit Shifting can be found in the KPMG Tax News Flash Special Edition and on the OECD website.


© 2017 KPMG Accountants AE, a Greek Societe Anonyme and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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