OECD’s Guidance on the transfer pricing implications of the COVID-19 pandemic appeared
The guidance, originally expected for November 2020, was published by the OECD on 18 December 2020. The material provides a basis for reflection on the effects of the COVID-19 pandemic on transfer prices.
It is addressed to both tax administrations and taxpayers on the following four topics: (i) comparability analyses, (ii) losses and the allocation of COVID-19 specific costs, (iii) the treatment of government assistance programmes, and (iv) advance pricing arrangements. To read the whole newsletter below.
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