Canada - English

OECD Releases Updated Timetable for BEPS Discussion Drafts and Public Consultations 

Global Tax Adviser


February 25, 2014


Rob Davis
Toronto, Transfer Pricing


David Francescucci
National Leader, Transfer Pricing and Value Chain Management


The OECD has released a revised timetable outlining the key dates for publications and comment deadlines related to its Base Erosion Profit Sharing (BEPS) Action Plan. According to the timetable, we can expect a number of discussion drafts and public consultations in the next six weeks on tax treaty abuse, tax challenges of the digital economy and hybrid mismatch arrangements.

The OECD Action Plan, which was presented at the meeting of G20 Finance Ministers on July 19, 2013, makes 15 recommendations that focus on key areas, including the digital economy, hybrid mismatch arrangements, controlled foreign corporation (CFC) rules, excessive intercompany interest payments, harmful tax practices, treaty abuse, avoidance of permanent establishment status, transfer pricing, aggressive tax planning, and greater transparency and disclosure. (See TaxNewsFlash-Canada 2013-27, "OECD Action Plan Could Signal a Shift in the Global Tax Landscape").


G20 reiterates commitment to Action Plan
The G20 Finance Ministers and Central Bank Governors re-iterated their commitment to and support for the OECD Action Plan, including the agreed timetable, in a communiqué dated February 23, 2014.


The revised timetable "BEPS/G20 Project: Calendar for planned stakeholders' input 2013-2014" is available on the OECD site.


For more information, contact your KPMG adviser.






Information is current to February 25, 2014. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

KPMG Publications

Canadian multinational companies may be interested in these recent publications: