Publication of IOTA Report on Effective Treatment of Tax Rulings Subject to the Exchange Between Tax Administrations – A Review of Progress

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On 16th December 2021, IOTA published on its website its latest report ‘Effective Treatment of Tax Rulings Subject to the Exchange Between Tax Administrations – A Review of Progress’.  The report was prepared by Subgroup 1 of the IOTA Forum on Implementation of Measures to Counter Base Erosion and Profit Shifting (BEPS) and is a follow-up to their previous report published in December 2019, ‘Effective Treatment of Tax Rulings Subject to the Exchange between Tax Administrations’. 

Following the publication of the first report, Subgroup 1 were commissioned in June 2020 to produce a second report on tax rulings. This second report looks at improvements made since the first report as well as gathering more information on the appropriate and effective use of tax ruling information received. In November 2020, a new survey was distributed to IOTA members and member countries were asked to comment on their experiences of exchange of tax rulings.

The 2021 report considers what progress has been made by members on the exchange of tax rulings and, using information provided by 22 IOTA members in response to the survey, provides suggestions to improve the quality, consistency and content of the tax rulings summaries exchanged and ensure the appropriate and effective use of tax ruling information received.

The report covers the following areas:

  • Status and development of the exchange of tax rulings
  • Structure and organisation of the work for tax rulings received
  • Use of tax rulings information
  • Follow-up requests
  • Outcome of the exchange on tax rulings.

 

IOTA would like to thank all members that contributed to the production of this report, but in particular, the members of Subgroup 1 (Finland, Germany, Hungary, Italy, Sweden and the United Kingdom). 

If you would like to know more about this report and the work of Subgroup 1 or BEPS itself, please contact the IOTA Secretariat via email Secretariat@iota-tax.org.

IOTA members can access the Report on the secured IOTA website.