Tax Breaking News : January 2021

Consistent with our commitment to keep you updated on the most significant tax developments, we summarize below the “Guidance on the transfer pricing implications of the COVID-19 pandemic”, released by the Organization for Economic Co-operation and Development (OECD), on 18th December 2020.

In this edition (Download PDF, 420 KB )

We cover the four priority areas in which the OECD Guidance focuses where the challenges posed by COVID-19 are most significant:

• Comparability Analysis
  
  
• Losses and the allocation of COVID-19 specific costs
  
  
• Government assistance programs
  
  
• Advance Pricing Agreements (APAs)