Subscribe to TaxNewsFlash. Questions? Send an email.

>> Return to the TaxNewsFlash "global" homepage

>> Go to the TaxNewsFlash U.S. homepage

>> Go to the BEPS Action 13: Latest country implementation update

_{KPMG's global editions of TaxNewsFlash are maintained and distributed by KPMG in the United States. When you click the hyperlinks below, you will be directed away from this page owned by KPMG International and redirected to a page owned by KPMG in the United States.}  

7 Aug - France: Annual transfer pricing return, filing deadline postponed (COVID-19)

7 Aug - South Africa: Proposal to amend “affected transaction” definition for transfer pricing purposes

5 Aug - Ecuador: Transfer pricing methodology for banana exports; other transfer pricing reforms

3 Aug - United States: Initiative for voluntary resolution of state-level transfer pricing issues (North Carolina)

30 Jul - United States: IRS concept unit on accuracy-related penalties, tax professionals urge caution

30 Jul - Brazil: Comments requested, transfer pricing issues relating to safe-harbour, comparability considerations

29 Jul - Australia: Transfer pricing rules updated to align with OECD guidelines

20 Jul - KPMG report: Addressing liquidity issues using intercompany pricing tools (COVID-19)

17 Jul - Hong Kong: Guidance on APA procedures

16 Jul - Australia: Transfer pricing arrangements and JobKeeper payments (COVID-19)

15 Jul - Ireland: Tax rulings found not selective tax advantages; arm’s length principle (General Court of EU)

10 Jul - Belgium: Guidance on transfer pricing reporting, BEPS 13 forms

10 Jul - KPMG report: Getting to know the value-chain analysis

9 Jul - Argentina: Revised reporting dates for submitting transfer pricing reports for prior years (COVID-19)

8 Jul - OECD: Corporate tax statistics from country-by-country reporting, activities of multinational enterprises

7 Jul - OECD: Global tax reporting framework for digital platforms

6 Jul - Oman: Country-by-country reporting, transfer pricing guidelines anticipated

6 Jul - Poland: Postponed deadlines for transfer pricing documentation, reporting (COVID-19)

30 Jun - India: Section 10A tax benefit and additional income from MAP

29 Jun - Italy: Tax dispute resolution mechanisms, new mutual agreement procedures

26 Jun - Panama: Transfer pricing report submission date is postponed (COVID-19)

25 Jun - South Africa: Tax authorities to focus on transfer pricing, Supplementary Budget 2020

24 Jun - Netherlands: Updated decree, rules for mutual agreement procedures

23 Jun - Australia: Transfer pricing guidance; ATO response to COVID-19

23 Jun - Netherlands: Transfer pricing issues in context of COVID-19

22 Jun - United States: Supreme Court denies certiorari, appeal from Ninth Circuit upholding cost-sharing regulations as valid 

19 Jun - United States: Treasury Secretary seeks “pause” in OECD Pillar 1 discussions of digital economy

19 Jun - Nigeria: Tax and transfer pricing returns for calendar-year companies due 31 July (COVID-19)

18 Jun - OECD: Statement about ongoing negotiations, taxation of digital economy

17 Jun - United States: Reports of withdrawal from talks with EU on digital services tax 

17 Jun - Australia: Updated information for country-by-country reporting 2020

12 Jun - KPMG report: APAs and COVID-19

11 Jun - Australia: New MAP guidelines, arbitration arrangements for resolving international tax disputes

10 Jun - Canada: APA statistics for 2019

9 Jun - KPMG report: COVID-19 and transfer pricing policy; lookback analysis of routine returns

5 Jun - Argentina: Transfer pricing compliance rules, reporting deadline deferred to July 2020

5 Jun - Saudi Arabia: Transfer pricing guidelines (second edition)

29 May - KPMG report: Intangible property transfer pricing in an economic downturn

28 May - Nigeria: Transfer pricing method; appellate tribunal decision in case of first impression

26 May - India: Amendments to MAP application and procedural rules

26 May - Serbia: Tax and transfer pricing implications to be considered (COVID-19)

21 May - South Africa: Proposal to limit interest deductions on cross-border debt

20 May - United States: Competent authority, changes regarding requests and APA consultations (COVID-19)

18 May - United States: Transfer pricing adjustments, potential customs tariff opportunities (COVID-19)

15 May - Argentina: Transfer pricing compliance rules, reporting dates established

14 May - Russia: Draft legislative amendments to revise APA measures

13 May - OECD: Consultation on 2020 review of country-by-country reporting

7 May - Peru: No changes to transfer pricing filing, reporting obligations

5 May - Colombia: No changes to transfer pricing reporting deadlines

5 May - Sweden: Transfer pricing and financial transactions

5 May - KPMG report: Bolster the resilience of the transfer pricing model (COVID-19)

5 May - KPMG report: Transfer pricing implications for intercompany loans (COVID-19)

27 Apr - Poland: Interactive transfer pricing form, Local file

27 Apr - Portugal: Postponed deadline for transfer pricing documentation (COVID-19)

27 Apr - United States: Transfer pricing strategies for private equity portfolio companies (COVID-19)

24 Apr - Belgium: COVID-19 implications from a transfer pricing perspective

23 Apr - Sweden: Transfer pricing treatment of IP in third-party acquisitions

22 Apr - Malaysia: Further extension of country-by-country reporting deadlines (COVID-19)

22 Apr - Turkey: Transfer pricing documentation requirements, implementation update

21 Apr - Zimbabwe: Extended deadline, transfer pricing returns for 2019 (COVID-19)

15 Apr - Bangladesh: Transfer pricing inquiries of multinational corporations

15 Apr - United States: IRS provides FAQs on transfer pricing documentation “best practices”

10 Apr - Canada: Transfer pricing implications (COVID-19)

9 Apr - Czech Republic: Transfer pricing considerations (COVID-19)

7 Apr - Indonesia: Updated regulations on advance pricing agreements

3 Apr - OECD: Tax implications for cross-border workers, other cross-border matters (COVID-19)

3 Apr - Hong Kong: Revised guidance, taxation of digital economy and intersection with transfer pricing

3 Apr - Malaysia: Extension of country-by-country reporting deadline to 15 May 2020 (COVID-19)

3 Apr - South Africa: Reminder of transfer pricing documentation compliance requirements

2 Apr - Poland: Transfer pricing return filing, extended due date (COVID-19)

1 Apr - Denmark: Transfer pricing documentation, extension of deadline (COVID-19)

1 Apr - Argentina: Transfer pricing compliance rules, effective date once again delayed

31 Mar - Bermuda: Extended deadline for country-by-country reporting (COVID-19)

31 Mar - Hong Kong: Extended notification deadline, country-by-country reporting (COVID-19)

31 Mar - Nigeria: Transfer pricing e-filing portal

30 Mar - New Zealand: Relief relating to APAs, response to coronavirus (COVID-19)

26 Mar - China: Transfer pricing arrangements and challenges (COVID-19)

24 Mar - United States: Considerations for modifying or unwinding related-party transactions, responding to coronavirus (COVID-19)

24 Mar - India: Digital taxation, enlarging the scope of “equalisation levy”

24 Mar - Mexico: Non-deduction of payments to related parties in low-tax jurisdictions, interest deduction limitations

23 Mar - Switzerland: Transfer pricing considerations for multinational companies, responding to coronavirus (COVID-19)

22 Mar - Denmark: Proposals for changes to transfer pricing documentation rules

17 Mar - Zimbabwe: Transfer pricing return for 2019 tax year

16 Mar - Denmark: Transfer pricing documentation deadline, reminder

12 Mar - Serbia: Related-party interest rates for 2020, transfer pricing documentation implications

9 Mar - OECD: Comments concerning 2020 review of country-by-country reporting

5 Mar - Zambia: Disclosures required for related-party relationships

5 Mar - Hong Kong: Arrangement for automatic exchange of country-by-country reports with China

4 Mar - South Africa: Tax authority to use transfer pricing risk profiling to verify compliance

2 Mar - Argentina: Transfer pricing compliance rules, effective date delayed again

27 Feb - South Africa: Transfer pricing measures in budget 2020-2021

26 Feb - Belgium: Final version, circular letter on transfer pricing

25 Feb - Nigeria: Benchmarking related-party transactions, transfer pricing methods (tribunal decision)

25 Feb - Turkey: Country-by-country reporting, transfer pricing documentation guidance

24 Feb - Germany: Arm’s length principle, proposed amendments

21 Feb - Hong Kong: Possible implications of OECD transfer pricing guidance on financial transactions

21 Feb - China: Country-by-country reporting update; transfer pricing audit risks

21 Feb - Australia: More considerations for Australian businesses of OECD transfer pricing guidance for financial transactions

20 Feb - Australia: Implications for Australian businesses, OECD transfer pricing guidance on financial transactions

20 Feb - Australia: Transfer pricing risks and offshore drilling-related leasing arrangements (final guidance)

18 Feb - South Africa: Uncertainty about transfer pricing treatment of financial transactions

17 Feb - OECD: “BEPS 2.0” and taxation of digitalised economy, in a nutshell

13 Feb - KPMG report: Insights on OECD’s revised “Unified Approach” to tax challenges of digitalisation

13 Feb - KPMG report: OECD transfer pricing (final) guidance on financial transactions: Initial impressions

13 Feb - OECD: Webcast on tax challenges of digitalisation; Pillar One and Pillar Two proposals

12 Feb - Czech Republic: Transfer pricing issues identified in financial statement reviews

11 Feb - OECD: Transfer pricing guidance on financial transactions

11 Feb - KPMG report: Summary of recent transfer pricing developments, “brave new world”

10 Feb - UK: Arbitration directive-related rules; enhancing cross-border dispute resolution

6 Feb - OECD: Consultation document on review of country-by-country reporting (BEPS Action 13)

5 Feb - Panama: Country-by-country reporting deadline for 2018 extended

4 Feb - Botswana: Overview of transfer pricing rules

4 Feb - Brazil: Possible alignment of transfer pricing rules to OECD Transfer Pricing Guidelines

3 Feb - India: Transfer pricing proposals in Union Budget 2020

31 Jan - OECD: Update on digital economy tax issues; “Pillar One” possible safe harbour

23 Jan - Canada: MAP statistics for 2018

23 Jan - Puerto Rico: Transfer pricing documentation rules, for deduction of intercompany charges

22 Jan - Australia: Guidance addresses non-arm’s length arrangements involving intangible assets

21 Jan - Taiwan: Customs guidance on one-time transfer pricing adjustment

15 Jan - Panama: Guidance for country-by-country reporting, and filing portal

9 Jan - EU: Transfer pricing developments expected in 2020

2 Jan - Luxembourg: Mutual agreement procedures (MAP) regime to resolve transfer pricing, international tax disputes

27 Dec - Malaysia: New transfer pricing audit framework (2019)

23 Dec - OECD: Guidance for tax administrations, MNE groups on country-by-country reporting

20 Dec - Thailand: New transfer pricing disclosure form may increase customs valuation risk

18 Dec - Nigeria: Country-by-country reporting, filing deadline for companies with 31 December year-end

17 Dec - Costa Rica: Transfer pricing reports required from taxpayer group

16 Dec - Argentina: Delayed effective date, transfer pricing compliance rules

13 Dec - Serbia: Country-by-country reporting rules are enacted

12 Dec - India: Tribunal allows section 10A deduction on additional income resulting from APA

12 Dec - KPMG report: Transfer pricing from an operations perspective

12 Dec - Canada: Year-end preparation, checklist for transfer pricing

11 Dec - Costa Rica: Draft guidelines for processing advance pricing agreements (APAs)

4 Dec - KPMG report: Comments on OECD’s global anti-base erosion (GloBE) proposal under Pillar Two

4 Dec - OECD responds to U.S. Treasury’s letter on digital services tax

4 Dec - United States: Treasury opposition to digital services tax initiatives, support for Pillar One

27 Nov - Taiwan: Guidance for taxpayers making a one-time transfer pricing adjustment

21 Nov - United States: Ninth Circuit’s decision upholding section 482 stock-based compensation regulations is final

21 Nov - Portugal: Court decision, underpriced controlled transaction and application of TNMM

20 Nov - Thailand: Transfer pricing disclosure form

19 Nov - Australia: More time to submit country-by-country reports 

19 Nov - Portugal: Details of transfer pricing documentation requirements, other recent developments

15 Nov - Costa Rica: Transfer pricing documentation guidelines (Master and Local files)

15 Nov - Zimbabwe: Transfer pricing documentation, 2020 budget update

13 Nov - KPMG report: OECD proposal under Pillar Two; addressing tax challenges of digitalisation of the economy

12 Nov - United States: Ninth Circuit denies en banc rehearing, section 482 stock-based compensation case

12 Nov - KPMG report: Comments on “Pillar One” approach to address digital economy tax issues

8 Nov - New Zealand: Inland Revenue’s focus on BEPS and MNE tax compliance includes transfer pricing

8 Nov - OECD: Global anti-base erosion proposal under Pillar Two; consultation document released

6 Nov - OECD: More guidance on country-by-country reporting, MNE groups

4 Nov - Portugal: Transfer pricing documentation, other measures effective 2020

28 Oct - United States: APAs cancelled; no transfer pricing adjustments and taxpayer not liable for 40% penalty

25 Oct - KPMG report: Tax implications of “next gen” banking technology; transfer pricing issues with change in operating models

25 Oct - KPMG report: Tax, transfer pricing, and transformation; what asset managers may be forgetting

16 Oct - KPMG report: Managing transfer pricing; focus on process from start to finish for better outcomes

10 Oct - Australia: Transfer pricing focus in life sciences sector

9 Oct - OECD: Proposal to address digital economy tax issues, “Pillar One” approach

8 Oct - Argentina: Draft guidance on transfer pricing compliance procedures

2 Oct - Greece: Country-by-country notifications, electronic submissions required

2 Oct - Nigeria: Plans for electronic filing of transfer pricing forms, country-by-country reports

1 Oct - Zambia: Transfer pricing measures included in 2020 budget

30 Sep - OECD: Developing country implementation of transfer pricing documentation rules; comments requested on draft toolkit

30 Sep - Qatar: Country-by-country notification and reporting requirements

27 Sep - UK: Update on “nudge” letters for diverted profits tax, transfer pricing issues

26 Sep - Belgium: Pre-filing requests regarding transfer pricing or innovation income deduction, 31 January 2020 deadline

26 Sep - Australia: Transfer pricing risks and offshore drilling-related leasing arrangements

25 Sep - Denmark: Transfer pricing documentation to be filed with tax return (draft bill)

25 Sep - Ireland: Hearing in tax rulings case (EU General Court)

24 Sep - Luxembourg: EU General Court upholds EC challenge to tax ruling

24 Sep - Netherlands: EU General Court annuls EC action in APA case

20 Sep - India: Update on APA program, personnel changes

19 Sep - EU: Status update on advance pricing arrangements

16 Sep - Belgium: EC investigations of “excess profit” tax rulings granted multinational companies

16 Sep - OECD: MAP statistics for 2018; transfer pricing case dispute resolutions

13 Sep - Ireland: Proposed transfer pricing rule changes, possibly effective January 2020

3 Sep - Australia: Taxpayer’s comparables prevail in transfer pricing case

3 Sep - Ireland: Possible changes to transfer pricing rules

3 Sep - OECD: Update on second peer review, country-by-country reporting

30 Aug - Australia: ATO draft guidance, risk assessment and arm’s length debt test

26 Aug - KPMG report: Transfer pricing and technology, for today and tomorrow

16 Aug - United States: Ninth Circuit affirms Tax Court; intangible assets and valuation in cost-sharing arrangement

15 Aug - KPMG report: Corporate tax transparency in the BEPS era

15 Aug - Australia: ATO official outlines transfer pricing areas of focus

13 Aug - OECD: “Stage 2” peer review of tax dispute resolution (MAP) (BEPS Action 14)

12 Aug - Bulgaria: Mandatory transfer pricing documentation; new rules for Master and Local files

5 Aug - United States: IRS withdraws LB&I directive on cost-sharing arrangements

2 Aug - UK: HMRC targets profit diversion, transfer pricing risk for MNEs

2 Aug - Zimbabwe: Transfer pricing rules, clarification to thin capitalisation measures

1 Aug - United States: KPMG joins amicus brief requesting en banc review by Ninth Circuit (cost-sharing arrangements)

31 Jul - Argentina: Extended compliance deadlines for transfer pricing

29 Jul - EU: Statistics of APAs and MAPs for 2018

29 Jul - KPMG report: Evaluating transfer pricing as part of risk management

25 Jul - France: Digital services tax (3%) is enacted

25 Jul - New Zealand: Update on digital services tax consultation

23 Jul - Australia: Transfer pricing rules, recharacterizing cross-border financing arrangement as debt or equity

22 Jul - G7 finance ministers, agreement on taxation of digital economy

22 Jul - Hong Kong: Guidance concerning transfer pricing documentation, country-by-country reports

19 Jul - Botswana: Transfer pricing regulations, effective July 2019

19 Jul - Canada: APA statistics for 2018

19 Jul - UK: Transfer pricing and evolving operating models for financial institutions

18 Jul - Costa Rica: Transfer pricing guidance

17 Jul - Brazil: Project to align Brazil's transfer pricing rules to OECD guidelines

16 Jul - Sweden: Benchmark analysis and arm’s length determination (transfer pricing court case)

12 Jul - Czech Republic: Companies receiving investment incentives face transfer pricing issues

12 Jul - Czech Republic: New instructions for related-party transactions, transfer pricing guidelines

12 Jul - Netherlands: EC publishes non-confidential version, state aid investigation of Dutch tax rulings

12 Jul - KPMG report: BEPS and asset management; implications for investment funds and asset managers

12 Jul - Austria: Update on proposals for digital services tax

12 Jul - UK: Initial impressions of digital services tax draft legislation

11 Jul - France: Digital services tax approved by parliament

11 Jul - UK: Proposal for digital services tax, in draft Finance Bill

11 Jul - UAE: Country-by-country reporting requirements

10 Jul - United States: Country-by-country reporting updates from IRS

8 Jul - Czech Republic: Update on digital services tax

8 Jul - Qatar: Update on country-by-country reporting requirements

8 Jul - Switzerland: LIBOR phaseout implications for tax and transfer pricing

3 Jul - Thailand: Draft regulatory proposals for transfer pricing documentation

2 Jul - Netherlands: Final policy statement, international tax rulings

2 Jul - Vietnam: Taxation of e-commerce transactions, remote digital sales

27 Jun - OECD: Update on tax challenges arising from digitalisation of economy

27 Jun - OECD: Updated XML schemas for country-by-country report exchanges and tax ruling information

27 Jun - France: Update on digital services tax; enactment anticipated

24 Jun - Russia: Controlled transactions involving intangibles; profit-split method; mutual agreement procedures

24 Jun - United States: IRS position on multiple RAB shares in CSAs

18 Jun - OECD: Transfer pricing country profiles for Chile, Finland, Italy

17 Jun - KPMG report: BEPS Actions 8-10, aligning transfer pricing outcomes with value creation

13 Jun - Nigeria: Transfer pricing returns due 30 June, companies with 31 December year-end

13 Jun - United States: Ninth Circuit reverses Tax Court (again), upholds cost-sharing regulations

12 Jun - Bahamas: Status of country-by-country reporting and notification

12 Jun - Singapore: Transfer pricing guidelines for commodity marketing and trading companies

7 Jun - United States: Ninth Circuit reverses Tax Court, validity of cost-sharing arrangement regulations

7 Jun - UK: Considering tax implications of digitalisation of economy

7 Jun - UK: More diverted profit “nudge” letters expected from HMRC

6 Jun - Panama: Country-by-country reporting requirements

5 Jun - New Zealand: Digital services tax; discussion document released

5 Jun - United States: IRS directive, selecting transfer pricing issues involving cost-sharing arrangements

31 May - OECD: Plan for resolving tax challenges of digital economy, taxing multinational entities

31 May - UK: Proposals concerning taxation of offshore intangible receipts

29 May - Panama: Transfer pricing report of related-party transactions, June 2019 deadline

29 May - Zimbabwe: Transfer pricing rules, overview

27 May - Argentina: Unified requirements, deadline for transfer pricing reports and returns

23 May - Poland: New rules relating to country-by-country reporting, exchange of information

20 May - Czech Republic: Digital tax proposals expected in 2020 tax package

14 May - Italy: Ruling request process, certainty with regard to permanent establishments

11 May - KPMG report: Multilateral solution to tax challenges of digitalization; goal for 2020

8 May - UK: Details about proposed digital services tax

3 May - OECD: Transfer pricing and governance implications for lessors

3 May - Belarus: Overview of new transfer pricing rules

2 May - Czech Republic: Proposal for digital services tax

26 Apr - Netherlands: Plans for revised, renewed international tax rulings policy

26 Apr - Zambia: First judicial guidance, arm’s length arrangements between related parties

18 Apr - KPMG video: OECD's proposals on taxing the digital economy, transfer pricing implications

17 Apr - United States: IRS compliance campaign, arm’s length price payments to captive services provider 

15 Apr - United States: Pricing method, services cost method eligibility under U.S. BEAT provision

10 Apr - United States: Congressional tax committee leaders express support for OECD efforts, digital services taxes

9 Apr - India: Country-by-country reports due 30 April, Indian subsidiaries of U.S. multinational entities

5 Apr - EU: Joint Transfer Pricing Forum, report on profit-split method

5 Apr - Poland: Proposals for “simplified APA”

3 Apr - Ireland: Response to public consultation on new transfer pricing regime

3 Apr - Nigeria: MAP guidelines, resolving double taxation disputes

3 Apr - UK: Discussion about government assessment, response to digitalisation

2 Apr - UK: Digital transformation, implications for how regulators and tax authorities interact with businesses

1 Apr - United States: New tool for APA submissions

27 Mar - United States: APMA program, APA statistics for 2018

27 Mar - India: Arrangement for country-by-country report exchanges with United States is signed

22 Mar - OECD: Taxation of digital economy, public consultation update

22 Mar - United States: Foreign-initiated adjustments, competent authority guidance (IRS practice unit)

20 Mar - Canada: Transfer pricing measures in federal budget

20 Mar - India: No transfer pricing adjustment, profit margin greater than comparables

19 Mar - EU: Taxation of digital economy; considering possible outcomes

18 Mar - Poland: Application of transfer pricing regulations clarified for 2018 transactions

15 Mar - Australia: Guidance on inbound distribution arrangements, transfer pricing policies and arm’s length nature

15 Mar - India: Agreement with United States, exchange of country-by-country reports

14 Mar - India: Criteria for selecting transfer pricing comparable companies

14 Mar - Peru: Extended deadlines for filing country-by-country reports for 2017, 2018

13 Mar - Canada: MAP program summary, statistics for 2017

12 Mar - Peru: Tax authorities communication regarding local filing of country-by-country reports for FY 2017

11 Mar - UK: Proposed digital services tax; overview and possible implications for U.S. businesses

11 Mar - United States: IRS transfer pricing teams must consult competent authority

8 Mar - United States: Competent authority process, under tax treaty’s MAP article

8 Mar - Hong Kong: Transfer pricing compliance for 2018-19 year of assessment

8 Mar - OECD: KPMG comments concerning consultation on tax challenges of digitalisation

8 Mar - UK: Insight into HMRC’s profit diversion compliance facility

7 Mar - Luxembourg: EC state aid investigation, tax rulings granted Finnish-headquartered company

6 Mar - France: Draft proposal for digital services tax

4 Mar - Serbia: Related-party interest rates for 2019, transfer pricing documentation implications

4 Mar - United States: “Functional cost diagnostic model” for review of APA requests

1 Mar - UK: HMRC profit-diversion compliance facility; verifying transfer pricing and BEPS compliance

27 Feb - United States: IRS reminders on filing country-by-country reports on Form 8975

25 Feb - Brazil: Updated MAP rules, guidelines

21 Feb - Slovakia: Guidelines for transfer pricing documentation

20 Feb - Ireland: Consultation on new transfer pricing regime

19 Feb - OECD: Comment period extended, tax challenges of digitalisation

19 Feb - Saudi Arabia: Transfer pricing regulations finalized, accompanying FAQs released

15 Feb - Czech Republic: Transfer pricing and audits of financial statements

14 Feb - OECD: Initial impressions of consultation paper on tax challenges of digitalisation

11 Feb - Korea: Tax amendments reflecting transfer pricing standards

8 Feb - United States: Statistics of country-by-country reports for 2016

8 Feb - United States: Senate Finance leadership’s position on proposed EU digital services tax

8 Feb - Spain: Digital services tax proposed in pending legislation

4 Feb - Denmark: Landmark transfer pricing decision from Supreme Court

1 Feb - Botswana: Transfer pricing rules, effective July 2019

31 Jan - Peru: Status of country-by-country report exchanges under “MCAA CbC”

31 Jan - Hong Kong: Reminder of country-by-country notification, reporting requirements

30 Jan - OECD: Initial impressions about digital economy project

29 Jan - OECD: Update on digital economy work; arm’s length implications

28 Jan - United States: Possible penalty exposure, cost-sharing agreements and stock-based compensation

25 Jan - Kazakhstan: Transfer pricing documentation; APA procedures

24 Jan - China: APA report, data covering period 2005 to 2017

18 Jan - Australia: ATO’s updated simplified transfer pricing recordkeeping practical compliance guideline

11 Jan - UK: New diverted profits tax facility aims at voluntary compliance, allows taxpayers to change transfer pricing policies

10 Jan - EU: Tax rulings granted by Netherlands to multinational corporation, EC state aid investigation opened

9 Jan - Argentina: Transfer pricing rules, implementing decree

9 Jan - Poland: Implementing decrees, transfer pricing regulations

7 Jan - Lithuania: New transfer pricing documentation requirements in 2019

3 Jan - Hong Kong: First unilateral advance pricing arrangement (APA) is concluded

26 Dec - India: Country-by-country reporting deadline extended

21 Dec - Latvia: Transfer pricing documentation requirements apply for 2018

19 Dec - Czech Republic: Assessing transfer prices, determining permanent establishment’s tax base

19 Dec - Japan: Transfer pricing proposals focus on hard-to-value intangibles

13 Dec - Saudi Arabia: Draft transfer pricing rules

13 Dec - Argentina: Country-by-country reporting requirements clarified, Argentine subsidiaries of MNE groups

13 Dec - Botswana: Transfer pricing and thin capitalisation legislation proposed

12 Dec - Qatar: Additional country-by-country reporting guidance, notification filing deadline extended

11 Dec - Nigeria: Reminder of 31 December deadline for transfer pricing compliance

6 Dec - Belarus: Transfer pricing proposals include repeal of arm’s length price “safe harbor”

30 Nov - Costa Rica: Considerations for preliminary transfer pricing reviews

30 Nov - UK: Key transfer pricing considerations for year-end closing

28 Nov - Zimbabwe: Transfer pricing annual return, documentation measures in 2019 budget

28 Nov - Australia: Transfer pricing ATO internal distributor risk guidance, initial impressions

27 Nov - Australia: Transfer pricing issues related to inbound distribution arrangements (draft guidance)

27 Nov - Uruguay: New transfer pricing documentation requirements

26 Nov - China: Country-by-country reporting compliance burden for certain outbound MNEs alleviated

26 Nov - Asia Pacific: Interplay of transfer pricing and customs valuation methods

26 Nov - Netherlands: Updated, stricter requirements for tax rulings with international character

26 Nov - Poland: New Transfer pricing measures effective in 2019

15 Nov - OECD: Peer review of dispute resolution (MAP); BEPS Action 14

14 Nov - Israel: Transfer pricing circular on business restructuring in MNE groups

12 Nov - Argentina: Country-by-country reporting guidance updated, modified

12 Nov - Belgium: Draft circular on transfer pricing, position of tax administration

12 Nov - Asia Pacific: Focus on transfer pricing, considerations for MNEs

12 Nov - Peru: Extended deadline for submitting country-by-country report for 2017

2 Nov - India: Renewal of APA—a first under the APA programme

30 Oct - Malaysia: FAQs on country-by-country reporting, sample notification letters

29 Oct - Australia: ATO final guidance on diverted profits tax, concurrent application with transfer pricing rules

29 Oct - KPMG report: Evaluation of OECD’s final guidance, transactional profit split method

25 Oct - Argentina: Country-by-country reporting, domestic subsidiaries of U.S. multinational entities

23 Oct - Costa Rica: Proposed changes to country-by-country reporting rules

17 Oct - Czech Republic: Intra-group services, transfer pricing assessment

17 Oct - Czech Republic: Transfer pricing issues in tax audits of individuals

17 Oct - Pakistan: Recordkeeping requirements of related-party transactions

16 Oct - Australia: Transfer pricing issues concerning centralised offshore non-core procurement hubs

10 Oct - OECD: Global mutual agreement procedure statistics for 2017

9 Oct - Israel: Transfer pricing circulars; methods and safe harbors for sales, services

5 Oct - Nigeria: Deadline for satisfying transfer pricing requirements, 31 December 2018

5 Oct - Nigeria: Insights into transfer pricing regulations, implications for MNEs

5 Oct - KPMG report: Legal agreements in transfer pricing, aligning form and fact

3 Oct - Thailand: New transfer pricing law, effective for accounting periods beginning on or after 1 January 2019

1 Oct - Qatar: Country-by-country reporting requirements

28 Sep - KPMG report: Post-BEPS issues concerning cost sharing arrangements in transfer pricing 

27 Sep - Andorra: Country-by-country reporting and notification rules

26 Sep - Korea: Transfer pricing-related proposals in 2019 tax revision legislation

25 Sep - Panama: New version of form for transfer pricing report

21 Sep - UK: Implications of Ireland’s proposed changes to transfer pricing regime for UK groups with Irish financing structures

19 Sep - Luxembourg: Non-taxation of U.S. multinational corporation not illegal state aid (EC investigation)

18 Sep - Nigeria: Public notice published, country-by-country reporting regulations

18 Sep - OECD: Saudi Arabia signs BEPS multilateral convention

18 Sep - United States: IRS reminders relating to Form 8975 “Country-by-Country Report”

17 Sep - Poland: Interactive forms available, simplified transfer pricing reports

13 Sep - Ireland: Proposed controlled foreign company (CFC) regime; profit determined using arm’s length, transfer pricing principles

13 Sep - OECD: Updated country-by-country reporting guidance; dividends received, employee numbers

12 Sep - Asia Pacific: Transfer pricing review (2018)

12 Sep - Malta: Reminder to file country-by-country reporting notification

10 Sep - China: WCO guide customs valuation and transfer pricing (2018 edition); implications for Chinese entities

10 Sep - KPMG report: OECD discussion draft, transfer pricing aspects of financial transactions

7 Sep - OECD: New transfer pricing country profiles (Costa Rica, Greece, South Korea, Panama, Seychelles, South Africa, Turkey)

31 Aug - New Zealand: Draft guidance for implementing BEPS legislation

31 Aug - UK: Notification requirements for country-by-country (CbC) reporting; second notification may be required

30 Aug - Nigeria: New transfer pricing regulations effective retroactively, March 2018

17 Aug - Chile: Customs allows transfer pricing valuation, as established by APAs

16 Aug - United States: Eighth Circuit vacates Tax Court’s determination of transfer pricing method

KPMG's reports of developments concerning the tax treatment of the digital economy, including digital services tax and the taxation of online, remote sales

>> Read more