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Canada: Transfer pricing implications (COVID-19)

Canada: Transfer pricing implications (COVID-19)

Multinational enterprises (MNEs) need to consider how transfer pricing may be affected by the coronavirus (COVID-19) pandemic.

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MNEs can take steps to address how COVID-19 is disrupting global supply chains and causing production issues. The integrity of a business's transfer pricing framework may be tested as operating losses for entities throughout the MNE’s value chains disrupt targeted, routine returns that underpin transfer pricing frameworks.

The KPMG member firm in Canada has prepared a report that highlights a few of the many transfer pricing implications of the COVID-19 pandemic, and provides possible actions that MNEs can consider in addressing transfer pricing challenges and changes that may have to be made as well as to help prevent future disputes with tax authorities.

Read an April 2020 report prepared by the KPMG member firm in Canada

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