OECD: Toolkit for developing countries, transfer pricing documentation rules
OECD: Toolkit for developing countries
The Organisation for Economic Cooperation and Development (OECD) today announced that the “Platform for Collaboration on Tax” (a joint initiative of the IMF, OECD, UN and World Bank) released the final version of a “toolkit” that is intended to serve as guidance for developing countries on implementing transfer pricing documentation rules.
As explained in the OECD release, the toolkit includes “essential information on transfer pricing documentation and analyses policy choices and legislative options” and also provides sample legislation, examples and practices from over 30 countries, and additional approaches to transfer pricing documentation.
In addition, the toolkit aims to help countries implement effective transfer pricing documentation requirements to protect their tax bases, reduce profit shifting, and raise revenues needed for the recovery phase.
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