OECD Stage 2 Peer Review Report for Ireland Shows Progress on Dispute Resolution

The OECD recently published its Stage 2 MAP Peer Review Report for Ireland on the implementation of BEPS Action 14.  BEPS Action 14 requires OECD countries such as Ireland to implement certain minimum standards to improve the resolution of tax related disputes between jurisdictions and strengthen the effectiveness and efficiency of the mutual agreement procedure.  In August 2018 the OECD published its Stage 1 MAP Peer Review Report which assessed Ireland’s compliance with the minimum standards adopted under BEPS Action 14 and made a number of recommendations on actions Ireland should take to meet the minimum standards.  In this article, we provide insights into the positive progress made by Ireland since the Stage 1 review, the recommendations of the OECD and consider what taxpayers can expect if pursuing MAP cases.