The Organisation for Economic Co-operation and Development (OECD) released guidance on the transfer pricing implications of the COVID-19 pandemic. Nghi Huynh from Moore Global's member company Arminino in America summarises the key points in her blog.
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On December 18, 2020, the Organisation for Economic Cooperation and Development (OECD) released guidance on the transfer pricing implications of the COVID-19 pandemic. It is intended to provide mutually satisfactory solutions to tax administrations and multinational enterprises for transfer pricing issues resulting from the pandemic.
The guidance focuses on four priority issues:
1. comparability analysis
2. allocation of losses and the allocation of COVID-19 specific costs
3. government assistance programs; and
4. advance pricing arrangements (APAs)
Who It Applies To
The guidance applies to all multinational enterprises with inter-company arrangements.
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Read the full article here.
Article reference with permission from the Author Nghi Huynh.