The Organisation for Economic Co-operation and Development (OECD) has just released new transfer pricing country profiles for Chile, Finland and Italy, bringing the total number of countries covered to 55. In addition, the OECD has updated the information contained in the country profiles for Colombia and Israel.

These country 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. They include information on 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 and other implementation measures as well as to what extent the specific national rules follow the OECD Transfer Pricing Guidelines.

The transfer pricing country profiles are published to increase transparency in this area 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.

The OECD has also expanded the functionality of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) Matching Database to include information on entry into effect dates for matched agreements and the option to calculate entry into effect dates on the basis of anticipated dates of deposits.

For more information on the OECD/G20 Base Erosion and Profit Shifting Project, visit its new website:

(Source: OECD Tax)

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