Guidance on Transfer Pricing Documentation and Country-by-Country Reporting / Organisation for Economic Co-operation and Development

Format:

Book

Government document

Author/Creator:

Organisation for Economic Co-operation and Development.

Contributor:

Organisation for Economic Co-operation and Development, sponsoring body.

Series:

OECD/G20 Base Erosion and Profit Shifting Project, 23132612.

Language:

English

Subjects (All):

Corporations--Taxation--Law and legislation.

Corporations.

Double taxation.

Double taxation--Treaties.

Physical Description:

1 online resource (48 p.)

Place of Publication:

Paris : OECD Publishing, 2014.

Language Note:

English

Summary:

This document contains revised standards for transfer pricing documentation and a template for country-by-country reporting of revenues, profits, taxes paid and certain measures of economic activity. These new reporting provisions, and the transparency they will encourage, will contribute to the objective of understanding, controlling, and tackling BEPS behaviours. Countries participating in the BEPS project will carefully review the implementation of these new standards and will reassess no later than the end of 2020 whether modifications should be made to require reporting of additional or different data. Effective implementation of the new reporting standards and reporting rules will be essential. Additional work will be undertaken to identify the most appropriate means of filing the required information with and disseminating it to tax administrations.

Contents:

Foreword; Table of contents; Abbreviations and acronyms; Executive summary; Bibliography; Documentation; Introduction; Objectives of transfer pricing documentation requirements; A three-tiered approach to transfer pricing documentation; Compliance issues; Implementation and review; Annex I to Chapter V. Transfer pricing documentation - Master file; Annex II to Chapter V. Transfer pricing documentation - Local file; Annex III to Chapter V. A model template for the Country-by-Country Report; General Instructions for Annex III to Chapter V; Purpose; Definitions

Period covered by the annual templateSource of data; Specific instructions for Annex III to Chapter V; Overview of allocation of income, taxes and business activities by tax jurisdiction (Table 1); List of all the Constituent Entities of the MNE group included in each aggregation per tax jurisdiction (Table 2)

Notes:

Description based upon print version of record.

ISBN:

9789264219236

9264219234