The OECD Council has approved the amendments to its transfer pricing guidelines, as set out in the 2015 BEPS reports on Actions 8–10 (aligning transfer pricing outcomes with value creation) and Action 13 (transfer pricing documentation and country-by-country reporting).
Work is continuing on conforming amendments to the remainder of the guidelines, with the changes expected to be approved later in 2016. Until then, in case of perceived inconsistencies between the unmodified and modified guidelines, the modified provisions are to prevail.
The OECD Council has approved the amendments to its transfer pricing guidelines, as set out in the 2015 BEPS reports on Actions 8–10 (aligning transfer pricing outcomes with value creation) and Action 13 (transfer pricing documentation and country-by-country reporting).
Work is continuing on conforming amendments to the remainder of the guidelines, with the changes expected to be approved later in 2016. Until then, in case of perceived inconsistencies between the unmodified and modified guidelines, the modified provisions are to prevail.
