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OECD has published a new edition of the OECD Transfer Pricing Guidelines.
We would like to inform you that Organization for economic cooperation and development (“OECD”) has published a new edition of the OECD Transfer Pricing Guidelines (“OECD Guidelines 2017”) on 10 July 2017. OECD Guidelines (2017) incorporates:
- substantial revisions made in 2016 to reflect the clarifications and revisions agreed in the 2015 BEPS Reports on Actions 8-10 Aligning Transfer pricing Outcomes with Value Creation and on Action 13 Transfer Pricing Documentation and Country-by-Country Reporting (Chapters I, II, V – VIII of the OECD Guidelines);
- revised guidance on safe harbours approved in 2013 which recognizes that properly designed safe harbours can help to relieve some compliance burdens and provide taxpayers with greater certainty (Chapter IV);
- other changes (Foreword, Preface, Glossary, Chapters I – IV and Annexes).
KPMG will organize a separate event where we will elaborate on the impact of new rules on transfer pricing practice in the Republic of Serbia in detail. You will be notified about the timing of the event and other relevant details.
Please feel free to contact us for any questions you might have.
Tax Alerts
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