Global

Details

  • Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 5/9/2014

OECD - Public consultation on transfer pricing documentation, country-by-country reporting 

May 9: The Organisation for Economic Co-operation and Development (OECD) today announced that a public consultation will take place 19 May 2014, for further consideration of transfer pricing documentation and country-by-country reporting—pursuant to a discussion draft under the BEPS (base erosion and profiting shifting) Action 13.

Background

Action 13 of the BEPS Action Plan calls for a review of the existing transfer pricing documentation rules and the development of a template for country-by-country reporting of income, taxes, and economic activity for tax administrations.


An OECD discussion draft (January 2014) contains revised guidance on transfer pricing documentation and country-by-country reporting. Written comments that were received by 23 February 2014 were discussed by Working Party No. 6 of the Committee on Fiscal Affairs at its March 2014 meeting. Further discussions will take place during the Working Party’s May 2014 meetings.


The public consultation on 19 May 2014 will allow for further consideration of the discussion draft.



Contact a tax professional with KPMG's Global Transfer Pricing Services.




©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

Share this

Share this

Subscribe

Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)


Already a Subscriber? Login


Not a member? Subscribe now