OECD Guidance on the transfer pricing implications of the COVID-19 pandemic

KPMG Review

KPMG Review

On 18 December 2020, OECD published Guidance on the transfer pricing implications of the COVID-19 pandemic.  The Guidance clarifies and illustrates the practical application of the arm's length principle as articulated in the OECD Transfer Pricing Guidelines to the unique fact patterns and specific challenges implied by the COVID-19 pandemic.  The Guidance represents the consensus view of the 137 members of the Inclusive Framework.