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OECD: Transfer pricing country profiles for Chile, Finland, Italy

OECD: Transfer pricing country profiles

The Organisation for Economic Cooperation and Development (OECD) today announced the release of transfer pricing country profiles for Chile, Finland, and Italy. The OECD also updated information in the transfer pricing profiles for Colombia and Israel.

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As noted in the OECD release, today’s releases bring the total number of transfer pricing profiles to 55.

The transfer pricing profiles reflect the current state of legislation and practice in each country regarding the application of the arm’s length principle and other key transfer pricing aspects with information about:

  • The arm's length principle
  • Transfer pricing methods
  • Comparability analysis
  • Intangible property
  • Intra-group services
  • Cost contribution agreements
  • Transfer pricing documentation
  • Administrative approaches to avoiding and resolving disputes
  • Safe harbours
  • Other implementation measures as well as to what extent the specific national rules follow the OECD Transfer Pricing Guidelines

As explained by the OECD, the transfer pricing country profiles are intended to increase transparency, and reflect the revisions to the Transfer Pricing Guidelines resulting from the 2015 reports on Actions 8-10 Aligning transfer pricing outcomes with value creation and Action 13 Transfer pricing documentation and country-by-country reporting of the OECD/G20 project on base erosion and profit shifting (BEPS), in addition to changes incorporating the revised guidance on safe harbours approved in 2013 and consistency changes made to the rest of the OECD Transfer Pricing Guidelines.

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