The stage 1 peer review assessments for Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Trinidad and Tobago, Saint Kitts and Nevis, Thailand, United Arab Emirates and Viet Nam evaluate the efforts made by each jurisdiction to implement the Action 14 minimum standard of the OECD/G20 BEPS Project, which aims to improve the resolution of tax-related disputes between jurisdictions.
The OECD is now gathering input for the Stage 1 peer reviews of Andorra, Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, United Arab Emirates and Viet Nam, and invites taxpayers to submit input on specific MAP-related issues by 16 December 2019.
The Inclusive Framework on BEPS welcomes the Faroe Islands and Greenland bringing to 127 the total number of countries and jurisdictions participating on an equal footing in the Project.
On 17 December 2015 Greenland signed the Multilateral Competent Authority Agreement, re-confirming its commitment to implement automatic exchange of financial account information in time to exchange in 2017.
Uruguay has signed 7 new agreements providing for the exchange of tax information, showing its willingness to implement the global standards.
The NORA region is a transnational area comprising the Faroe Islands, Greenland, Iceland and coastal Norway. This review recommends strengthening co-operation across the region to improve accessibility, diversify the economic base, and ensure sustainable development of fisheries.
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Agreement between Greenland and Monaco for the exchange of information relating to tax matters
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Agreement between Greenland and Antigua and Barbuda for the exchange of information relating to tax matters