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Outcomes of the review of preferential tax regimes by the OECD Forum on Harmful Tax Practices

By IDEAS - 11/08/2022

At its April 2022 meeting, the Forum on Harmful Tax Practices (FHTP) agreed new conclusions on 12 regimes as part of the implementation of the BEPS Action 5 minimum standard on harmful tax practices. Three regimes have been amended to be in line with the standard and are now not harmful: Costa Rica, Greece and Kazakhstan.

Eswatini and Honduras made government commitments, and therefore, three regimes are now in the process of being amended/eliminated. 

Furthermore, three regimes were concluded as potentially harmful (Armenia and Pakistan); the FHTP will assess at its next meeting if these regimes are actually harmful. Finally, one new regime from Cabo Verde is under review.

Since the start of the OECD/G20 BEPS Project tackling international tax avoidance, the FHTP has reviewed a total of 319 regimes

By IDEAS - 11/08/2022
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