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GlossaryITXWhat is BEPS?
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What is BEPS?

BEPS (Base Erosion and Profit Shifting) is the OECD/G20 project addressing tax-avoidance strategies that shift profits to low- or no-tax locations.

Bare Law Reference: OECD/G20 BEPS framework; Section 286 (CbCR).

Detailed Explanation

How it works

Its measures include country-by-country reporting, the Multilateral Instrument (MLI), and the two-pillar solution, of which Pillar Two introduces a global minimum tax.

Frequently asked questions

What is BEPS?

An OECD/G20 project to counter profit-shifting to low-tax jurisdictions through coordinated measures.

What are key BEPS outputs?

Country-by-country reporting, the MLI, and the two-pillar solution including Pillar Two.

This content is for general guidance only and does not constitute professional advice. Tax law changes frequently — verify the current position and consult a qualified Chartered Accountant before acting. Last reviewed: June 2026.

Key Takeaways

  • BEPS counters profit-shifting to low-tax locations.
  • Includes CbCR, the MLI and the two-pillar solution.
  • Pillar Two adds a global minimum tax.
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