OECD Council approves incorporation of BEPS amendments into the Transfer Pricing Guidelines

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Source: OECD Press Release 15.06.2016

It has been announced that on 23 May 2016, the OECD Council approved the amendments to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, as set out in the 2015 BEPS Report on Actions 8-10 “Aligning Transfer Pricing Outcomes with Value Creation” and the 2015 BEPS Report on Action 13 “Transfer Pricing Documentation and Country-by-Country Reporting”.

The amendments approved by the Council translate these BEPS transfer pricing measures into the Transfer Pricing Guidelines.

Given the way in which the Transfer Pricing Guidelines are integrated into the domestic law of certain countries, including by direct reference to the Guidelines themselves, this update process further clarifies the status of the BEPS changes to the Transfer Pricing Guidelines.

Read the full OECD Press Release here

 

 

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