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KPMG Comment Letters to the OECD

KPMG Comment Letters to the OECD

KPMG submits global comments in response to OECD comment requests on transfer pricing matters. Our recent comments are posted here.


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KPMG GTPS Comments
BEPS Action Item Due Date for Draft Comments / Date of Public Consultation Outcome
1. Address the tax challenges of the digital economy

Comments due: 14 April 2014

Consultation: 23 April 2014

Submitted comments
2. Neutralize the effects of hybrid mismatch arrangements

Comments due:  2 May 2014

Consultation: 15 May 2014

Submitted comments
3. Strengthen CFC rules

Comments due: 1 May 2015

Consultation: 12 May 2015

Submitted comments
4. Limit base erosion via interest deductions and other financial payments

Comments due: 6 February 2015

Consultation: 17 February 2015

Submitted comments (UK – see pages 60-93)

Submitted comments (US)

5. Counter harmful tax practices more effectively, taking into account transparency and substance

Comments due: None

Consultation: None

There were no discussion drafts provided for this Action Item.
6. Prevent treaty abuse

Comments due: 9 April 2014

Consultation: 14-15 April 2014

Follow-up work comments due: 9 January 2015

Consultation: 22

January 2015

Revised draft comments due: 17

June 2015

Working Party meeting: 22-26 June 2015

Submitted comments (9 April 2014)

Follow-Up Work Comments: Submitted comments (Australia – see pages 516-553)

Submitted comments (Ireland)

Submitted comments (UK)

Submitted comments (US – see pages 571-581)

No comments submitted on revised discussion draft (17 June 2015)

7. Prevent the artificial avoidance of PE status

Comments due: 9 January 2015

Consultation: 21 January 2015

Revised draft comments due: 12 June 2015

Consultation: None

Submitted comments (9 January 2015 - see pages 544-570)

Submitted comments (12 June 2015)

8. Develop rules to prevent BEPS by

moving intangibles among member groups

Comments due: 6 February 2015

Consultation: 19-20 March 2015

Note: discussion drafts for this section include Action Items 8-10 (including risk, recharacterisation and special measures)

Comments due: 29 May 2015 (cost contribution arrangements)

Consultation: 6-7 July 2015

Comments due: 18 June 2015 (hard-to value intangibles)

Consultation: 6-7 July 2015

Submitted comments

(risk, recharacterisation and special measures)

Submitted comments

(cost contribution arrangements)

Submitted comments

(hard-to-value intangibles)

9. Develop rules to prevent BEPS by transferring risks among, or allocating capital to, group members See Action Item 8 comments on risk, recharacterisation and special measures N/A
10. Develop rules to prevent BEPS by engaging in transactions which would not, or would only very rarely, occur between third parties

Comments due: 

14 January 2015 (low value adding services)

Comments due: 

6 February 2015 (profit splits & cross border commodity transactions)

Consultation: 19 20 March 2015

Submitted comments (low value adding - see pages 222-224)

Submitted comments (profit splits - see pages 289-300)

Submitted comments (cross-border commodity transactions - see pages 174-179)

11. Establish methodologies to collect and analyze data on BEPS and the actions to address it 

Request for input: 19 September 2014

Comments due: 8 May 2015

Consultation: 18 May 2015

Submitted comments

(Note: comments were submitted on request for input but not on discussion draft)
12. Require taxpayers to disclose their aggressive tax planning arrangements

Comments due: 30 April 2015

Consultation: 11 May 2015

Submitted comments
13. Re-examine transfer pricing documentation

Comments due: 23 February 2014

Consultation: 19 May 2014

Submitted comments
14. Make dispute resolution mechanisms more effective

Comments due: 16 January 2015

Consultation: 23

January 2015

Submitted comments (see pages 245-270)
15. Develop a multilateral instrument

Comments due: None

Consultation: None

There are no discussion drafts on this Action Item. An ad hoc group was formed to complete work and a number of international organizations will be invited to participate as observers.
White Paper on Transfer Pricing Documentation

Draft Release: 1

October 2013

Consultation: 12-13 November 2013

Submitted comments
Revised Discussion Draft on Transfer Pricing Aspects of Intangibles

Draft Release:  1

October 2013

Consultation: 12-13 November 2013

Submitted comments
Transfer Pricing Comparability Data And Developing Countries

Draft Release:  11

April 2014

Consultation: Global Forum on Transfer Pricing 26–28 March 2014

Submitted comments

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