• Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 6/10/2013

OECD - Comments concerning revised safe harbours for transfer pricing 

June 10: Almost 20 years ago, the Organisation for Economic Co-operation and Development (OECD) put forward safe harbour guidelines for adoption by OECD-member countries.

According to the OECD, the tone of the guidelines was somewhat negative. In light of this—and with safe harbours being of key importance to both taxpayers and tax authorities in reducing compliance burdens—the OECD on 21 May 2013 reported that the OECD Council had approved a revision concerning safe harbours contained in the OECD Transfer Pricing Guidelines.

Read an initial report TaxNewsFlash-Transfer Pricing: OECD - Revised safe harbours for transfer pricing guidelines

The safe harbour revision includes new guidance that:

  • Provides opportunities for countries to offer relief from compliance burdens and greater certainty for situations involving smaller taxpayers or less complex transactions
  • Provides a basis for countries—especially developing countries—to design a transfer pricing compliance environment that makes optimal use of the limited resources available

Read a June 2013 report [PDF 76 KB] prepared by KPMG’s Global Transfer Pricing Services practice: KPMG Tax Review: OECD – Revised safe harbours for transfer pricing guidelines

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

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