The OECD held two regional consultations for the Asia-Pacific and Latin American-Caribbean regions in line with commitments in the BEPS Action Plan to involve developing countries. Over 50 senior tax officials from 25 jurisdictions, regional and international organisations met in Seoul on 20–21 February, and over 70 senior tax officials from 25 jurisdictions, regional and international organisations met in Bogotá on 27–28 February.

The Co-Chairs of each meeting prepared summaries of the discussions held in Seoul and Bogotá.

Similar consultations for African jurisdictions are being organised. The outcomes of these regional consultations will be discussed at the meetings of the Global Forum on Transfer Pricing and he Task Force on Tax and Development on 26–28 March 2014. The input received will also be considered in the development of the BEPS outputs by the OECD Committee on Fiscal Affairs and its subsidiary bodies. They will also inform the work of the G20 Development Working Group on the impact of BEPS issues in developing countries, and how the G20 can assist low income countries address the BEPS issues and tax challenges they face.