Transfer Pricing newsletter - OECD Guidance

On 18 December 2020, in order to address a response to the transfer pricing issues resulting from the coronavirus (also referred to as “COVID-19”) pandemic, the OECD released a new guidance. Its aim is to help tax administrations and multinational enterprises (“MNE”) to solve transfer pricing issues that could result from the pandemic. This new guidance is not replacing the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administration 2017 (“OECD TPG”) but rather providing solutions on the application of the OECD TPG following the COVID-19 consequences on the global economy.