OECD releases revised BEPS Action 5 Transparency Framework and Exchange on Tax Rulings XML Schema
On Monday, September 8, 2025, the OECD released a set of revisions to the BEPS Action 5 minimum standard on the spontaneous exchange of information on tax rulings (the “transparency framework”). This has been announced with a news release on the website of the OECD. As part of its ongoing monitoring efforts, the OECD/G20 Inclusive Framework on BEPS has completed a review of the transparency framework’s effectiveness, in line with ...