March 2023

31 Mar - Brazil: OECD-aligned transfer pricing rules passed by Chamber of Deputies, await vote in Senate

30 Mar - Serbia: Rulebook on arm’s length interest rates for 2023

29 Mar - United States: APMA program, APA statistics for 2022 (IRS Announcement 2023-10)

29 Mar - Vietnam: MAAC signed, intention to implement Pillar Two global minimum tax

27 Mar - KPMG report: Evaluating the equivalence of cost-sharing and cost contribution arrangements

27 Mar - Sweden: Draft legislation implementing public country-by-country reporting presented to parliament

23 Mar - Germany: Public consultation on implementation of Pillar Two global minimum tax

23 Mar - Sweden: Proposed additions to interim report on implementation of EU global minimum tax directive

22 Mar - Spain: Public consultation on Pillar Two global minimum tax

21 Mar - Montenegro: Amendments to tax law include changes to Local file requirements

20 Mar - Korea: Tax authority entitled to re-assess arm’s length interest rate on related-party loan (Tax Tribunal decision)

20 Mar - Korea: Advance customs valuation arrangement, coordination with transfer pricing

16 Mar - OECD: Public consultation meeting on implementation under Pillar Two

15 Mar - Poland: Extended deadline for submitting ORD-U reports

14 Mar - India: Transfer pricing rules apply if counterparty becomes associated enterprise in same tax year (tribunal decision)

14 Mar - Thailand: Measures to support implementation of Pillar Two global minimum tax rules

10 Mar - Cyprus: Frequently asked questions on transfer pricing documentation rules

10 Mar - Luxembourg: Draft legislation for implementation of public country-by-country reporting

8 Mar - KPMG report: Transfer pricing implications of intercompany fees for internal carbon pricing

7 Mar - Poland: Public consultation on transfer pricing cost-plus method regulations

February 2023

27 Feb - Brazil: Guidance on new OECD-aligned transfer pricing rules

24 Feb - OECD: Report to G20 Finance Ministers and Central Bank Governors, updates on developments in international tax reforms

24 Feb - South Africa: Proposed legislative framework for APAs in 2023 budget

23 Feb - Hong Kong: Tax measures in 2023-2024 budget include “patent box,” global minimum tax starting in 2025

20 Feb - Korea: Tax authority not entitled to select only certain local distributors for transfer pricing adjustment (Tax Tribunal decision)

16 Feb - OECD: Comments on public consultation documents on implementation under Pillar Two

15 Feb - UK: HMRC transfer pricing and diverted profits tax statistics for year ended 31 March 2022

14 Feb - KPMG report: Changes to Brazilian transfer pricing and royalty deduction rules, implications for U.S. multinationals

13 Feb - Sweden: Proposal for implementation of public country-by-country reporting

9 Feb - United States: Regulation under section 482 relating to consideration of foreign legal restrictions upheld (U.S. Tax Court)

9 Feb - KPMG report: Administrative guidance on the GloBE rules, focusing on issues of importance to U.S. companies

7 Feb - EU: Access to documents of EU Council working groups on public country-by-country reporting (EU General Court)

6 Feb - Qatar: Amendment of transfer pricing-related provisions of Income Tax Law for 2018

3 Feb - KPMG report: Comments on public consultation documents on implementation under Pillar Two

2 Feb - KPMG report: U.S. accounting questions related to new GloBE rules

2 Feb - OECD: Administrative guidance for implementation of Pillar Two global minimum tax rules

1 Feb - OECD: Manual on handling of mutual agreement procedures (MAPs) and advance pricing arrangements (APAs)

January 2023

31 Jan - Estonia: Country-by-country reporting and transfer pricing documentation deadlines

30 Jan - OECD: Comments on public consultation document on Amount B under Pillar One

25 Jan - KPMG report: Comments on public consultation document on Amount B under Pillar One

25 Jan - Netherlands: Guidance on rule to combat transfer pricing mismatches in context of capital contributions

24 Jan - OECD: Comments on public consultation document on withdrawal of DSTs under Pillar One

24 Jan - OECD: New methodology for Action 14 peer reviews, changes to MAP statistics reporting and new APA statistics reporting

23 Jan - Hungary: Changes to transfer pricing rules, including reporting and documentation

23 Jan - KPMG report: Focus on country-by-country reporting (CbC) data with Pillar Two minimum tax and public CbC reporting

20 Jan - KPMG report: Comments on public consultation document on withdrawal of DSTs under Pillar One

20 Jan - KPMG report: Where next for Amount B?

19 Jan - South Africa: Interpretation note providing transfer pricing guidance on intragroup loans

18 Jan - OECD: Revenue gains from BEPS 2.0 predicted to be higher than previously expected

13 Jan - OECD: Manal Corwin appointed new Director of its Centre for Tax Policy and Administration

13 Jan - Slovakia: Changes to content of transfer pricing documentation

12 Jan - Panama: Deadline for submitting 2021 country-by-country reports extended to 15 January 2023

11 Jan - Spain: Public country-by-country reporting implemented

10 Jan - North Macedonia: Proposed changes to transfer pricing reporting

9 Jan - UK: New transfer pricing documentation requirements, but delay of summary audit trail (SAT) pending public consultation

3 Jan - Montenegro: Arm’s length interest rate for 2023

3 Jan - Poland: Interest rates for transfer pricing purposes

2022 Articles

December 2022

29 Dec - Brazil: Draft legislation to align transfer pricing rules with OECD Transfer Pricing Guidelines

22 Dec - Morocco: Temporary suspension of country-by-country report local filing requirement

22 Dec - KPMG report: Public consultation document under Pillar One on draft multilateral convention provisions on DSTs

22 Dec - Belgium: Year-end transfer pricing considerations

22 Dec - Latvia: Penalty for non-compliant transfer pricing documentation

21 Dec - KPMG report: Pillar Two implementation package, initial observations and analysis

20 Dec - UAE: New transfer pricing rules

20 Dec - OECD: Public consultation documents on withdrawal of DSTs under Pillar One, implementation under Pillar Two

19 Dec - Serbia: Rulebook on arm’s length interest rates for 2022

19 Dec - KPMG report: Europe, Middle East, and Africa (EMA) transfer pricing insights

16 Dec - Switzerland: Parliament approves constitutional amendment to implement Pillar Two global minimum tax

16 Dec - Korea: Tax authority’s determination of arm’s length price upheld (Tax Tribunal decision)

16 Dec - EU: Council adopts EU minimum tax directive

15 Dec - Hungary: Guidance on transfer pricing reporting

13 Dec - EU: Member states in the EU reach agreement to implement Pillar Two (updated)

13 Dec - United States: Consideration of tax consequences in determining arm’s length result (GLAM)

13 Dec - Czech Republic: Tax loss from transfer pricing adjustments abroad denied (court decision)

13 Dec - Poland: Amendments to decrees on transfer pricing reporting

12 Dec - UAE: Implementation of new federal corporate income tax system, related transfer pricing rules

12 Dec - KPMG report: U.S. administrative law basics for transfer pricing professionals

9 Dec - KPMG report: Public consultation on Amount B under Pillar One, initial observations and analysis

9 Dec - Slovakia: Changes to transfer pricing rules and limitations on deductibility of interest

9 Dec - Slovakia: Public country-by-country reporting implemented

8 Dec - OECD: Public consultation document on Amount B under Pillar One

7 Dec - United States: MAP and the exhaustion of remedies for FTC purposes

6 Dec - KPMG report: OECD official provides update on work on Amount B

6 Dec - EU: Minimum tax directive proposal removed from ECOFIN meeting agenda

6 Dec - Israel: Tax authority’s intangible property valuation upheld due to insufficient and inconsistent taxpayer documentation (court decision)

6 Dec - Kenya: Country-by-country reporting multilateral competent authority agreement signed

6 Dec - Romania: Public country-by-country reporting implemented

November 2022

30 Nov - Germany: Law on DAC7, submitting transfer pricing documentation in tax audits, adopted by lower house of Parliament

30 Nov - Poland: Legislation implementing “public” country-by-country reporting directive announced

30 Nov - KPMG report: Transfer pricing in the soccer field

29 Nov - KPMG report: Key takeaways from the OECD’s 2021 mutual agreement procedure (MAP) statistics

28 Nov - China: Advance pricing arrangement annual report for 2021

28 Nov - Qatar: Transfer pricing documentation requirements

22 Nov - OECD: Mutual agreement procedure (MAP) statistics for 2021

22 Nov - EU: Public country-by-country reporting implementation summary

22 Nov - Malta: Formal transfer pricing rules published

18 Nov - Korea: Transfer pricing adjustments with respect to subsidiary loan and subsidiary performance guarantees affirmed (High Court decision)

17 Nov - UK: Autumn statement includes transfer pricing documentation changes, update on implementation of Pillar Two, increases in corporation tax and DPT rates

17 Nov - Germany: Updated guidance on application of arm’s length principle to cross-border transfers of functions

17 Nov - OECD: Aggregated country-by-country reporting data

16 Nov - OECD: Comments on progress report on administration and tax certainty aspects of Amount A of Pillar One

16 Nov - United States: Year-end tax discussion ideas for international tax and transfer pricing

15 Nov - Hungary: Proposed amendments to advance pricing arrangement rules and introduction of public country-by-country (CbC) reporting

14 Nov - Montenegro: Guidance under new transfer pricing rules

11 Nov - KPMG report: Comments on progress report on administration and tax certainty aspects of Amount A of Pillar One

11 Nov - UK: Implications of interest rate increases for transfer pricing

8 Nov - Luxembourg: Finding of illegal State aid involving application of arm’s length principle set aside (CJEU judgment)

3 Nov - Germany: Draft legislation to implement public country-by-country reporting; update on Pillar Two implementation

3 Nov - Hungary: Draft legislation to implement public country-by-country reporting

October 2022

27 Oct - Australia: Public country-by-country (CbC) reporting proposed in 2022-2023 federal budget

25 Oct - Netherlands: Consultation on implementation of Pillar Two rules

25 Oct - Poland: Updated transfer pricing reporting obligations guidebook

24 Oct - Poland: Transfer pricing measures in legislation amending “Polish Deal”

20 Oct - Cyprus: Clarification on bilateral Competent Authority Arrangement for exchange of CbC reports with United States

20 Oct - Germany: Penalties for failure to comply with the obligation to keep or provide transfer pricing documentation compatible with EU law (CJEU judgment)

20 Oct - OECD: Report to G20 Finance Ministers and Central Bank Governors, updates on developments in international tax reforms

20 Oct - Romania: Bill implementing public country-by-country (CbC) reporting directive

20 Oct - South Africa: Guidance on definition of “associated enterprises” under transfer pricing rules

19 Oct - KPMG report: Initial observations of OECD report on tax incentives and the global minimum tax

18 Oct - Korea: Transfer pricing adjustments added to customs value of imported goods when directly related (Supreme Court decision)

14 Oct - OECD: Updated guidance on implementation of country-by-country reporting

14 Oct - KPMG report: Current state and trends in transfer pricing for intercompany financial transactions

13 Oct - KPMG report: Global formulary apportionment

13 Oct - KPMG report: The arm’s length standard after the pillars

13 Oct - Australia: Consultation paper on BEPS 2.0

12 Oct - KPMG report: Transfer pricing considerations in the age of precision medicine

6 Oct - OECD: Report on tax incentives and the global minimum tax

6 Oct - OECD: Progress report on administration and tax certainty aspects of Amount A of Pillar One; public consultation

6 Oct - EU: Report on EU Parliament meeting with European Commissioner; discussion of solidarity contribution on surplus profits in fossil sector, minimum tax directive

4 Oct - Philippines: Guidelines and procedures for requesting MAP

3 Oct - KPMG report: In defense of the arm’s length principle

July 2022

29 Jul - Lithuania: Changes to APA rules

26 Jul - KPMG report: Amount B—the forgotten piece of the Pillar One jigsaw

26 Jul - Poland: No transfer pricing documentation or Local file reporting obligation on contribution to foreign company’s supplementary capital

25 Jul - UK: New transfer pricing documentation rules effective for accounting periods beginning on or after 1 April 2023

22 Jul - Ireland: BEPS 2.0 implications for aviation sector

20 Jul - UK: Draft legislation to implement Pillar Two published

19 Jul - Germany: “Transfer of functions” proposal to align arm’s length principle with OECD Transfer Pricing Guidelines

18 Jul - KPMG report: The diverging paths of Pillars One and Two

18 Jul - Czech Republic: Tax priorities of the Czech EU Presidency

15 Jul - Germany: Proposals regarding transfers of functions, transfer pricing documentation, transposition of DAC7

14 Jul - EU: Update on minimum tax directive; priority of new presidency of the European Council

12 Jul - Netherlands: New decree on profit attribution to permanent establishments

11 Jul - OECD: Progress report on Amount A of Pillar One, including revised schedule; public consultation

11 Jul - Cyprus: Transfer pricing documentation legislation

11 Jul - Saudi Arabia: Proposed amendments to transfer pricing bylaws; comments due 30 July 2022

8 Jul - United States: IRS releases PLR, granting consent to taxpayer’s request regarding cost-sharing arrangement and intangible development costs

7 Jul - Netherlands: Details about changes in new transfer pricing decree

5 Jul - Poland: Transfer pricing measures in proposed legislation

1 Jul - Netherlands: New transfer pricing decree

1 Jul - Netherlands: Allocation of debt and equity to PE, other transfer pricing issues (appellate court decision)

1 Jul - KPMG report: Environmental, social, and governance (ESG) and transfer pricing

June 2022

29 Jun - Australia: Proposed amendments to thin capitalisation rules, effect on arm's length debt test

28 Jun - Malta: Update on transfer pricing landscape

27 Jun - UK: Background and implications of delayed implementation of Pillar Two

21 Jun - France: Multinational entity agrees to pay over €1.245 billion to resolve cross-border controversy

21 Jun - Cambodia: Guidance regarding loans between related parties; interest rate and supporting documentation

20 Jun - EU: Report of ECOFIN to European Council on tax issues including Pillar Two, minimum tax, harmful tax practices, preferential tax regimes, non-cooperative jurisdictions

17 Jun - EU: Proposal for EU minimum tax directive; update after ECOFIN Council meeting

17 Jun - India: Updated guidance for mutual agreement procedure (MAP)

16 Jun - United States: Transfer pricing settlement initiative program for corporate taxpayers (New Jersey)

15 Jun - OECD: Comments on tax certainty aspects of Amount A under Pillar One

14 Jun - UK: Implementation of Pillar Two delayed

14 Jun - OECD: Tax transparency in Africa 2022

10 Jun - KPMG report: Comments on tax certainty aspects of Amount A under Pillar One

10 Jun - Luxembourg: Transfer pricing implications of new income tax treaty with UK

9 Jun - OECD: New transfer pricing country profiles for Egypt, Liberia, Saudi Arabia, and Sri Lanka

8 Jun - Peru: Approaching deadline for transfer pricing reports for FY 2021

7 Jun - KPMG report: Country-by-country reporting notifications, requirements per country

7 Jun - United States: Future of consumer and retail—transfer pricing perspective

6 Jun - Poland: Finance Minister’s reply to parliamentary inquiry regarding transfer pricing information

1 Jun - United States: Comments submitted to IRS regarding plans to update MAP and APA guidelines

May 2022

27 May - OECD: Tax certainty aspects of Amount A under Pillar One; public consultation

25 May - OECD: Comments on regulated financial services exclusion under Amount A of Pillar One

25 May - Hong Kong: Update on corporate tax issues, including transfer pricing documentation

24 May - EU: Status regarding proposal for EU minimum tax directive

23 May - Australia: Labor party wins 2022 election, tax policies include public country-by-country (CbC) reporting

20 May - KPMG report: Comments on regulated financial services exclusion under Amount A of Pillar One

20 May - China: Shenzhen launches first tax and customs collaborative transfer pricing management mechanism

16 May - KPMG report: Public consultation meeting on implementation framework of global minimum tax

11 May - Vietnam: Recommended focus on tax audit and inspection of high-risk industries and areas (transfer pricing)

10 May - Czech Republic: Additional tax assessment based on overall profitability for unrelated-party transactions (court decision)

9 May - Israel: Court decision on business restructuring and deemed transfer of business functions, assets and risks

9 May - Switzerland: Transfer pricing controversy statistics, including effects of COVID-19

6 May - Netherlands: Considerations for companies in scope of Pillar Two rules

6 May - New Zealand: Consultation on implementation of Pillar Two rules

6 May - OECD: Regulated financial services exclusion under Amount A of Pillar One; public consultation

5 May - KPMG report: BEPS 2.0 implementation considerations for Mexico

4 May - Nigeria: Summary of tax transparency reporting developments

4 May - OECD: Tax transparency in Latin America 2022

4 May - Poland: Transfer pricing reporting changes

3 May - OECD: Comments on extractives exclusion under Amount A of Pillar One

3 May - KPMG report: Comments on extractives exclusion under Amount A of Pillar One

3 May - KPMG report: Transfer pricing planning 2.0

3 May - KPMG report: Why operationalizing transfer pricing is more important than ever

3 May - Switzerland: Tax transparency reporting statistics and global minimum tax update

2 May - UK: Transfer pricing statistics (FY 2021)

April 2022

28 Apr - KPMG report: Transfer pricing and the audit committee agenda, implementation steps

26 Apr - United States: Country-by-country (CbC) report in the transfer pricing risk analysis process (IRS practice unit)

22 Apr - OECD: Comments on draft rules for domestic legislation on scope under Amount A of Pillar One

21 Apr - Kenya: Transfer pricing and other tax-related measures in Finance Bill, 2022

20 Apr - KPMG report: Comments on draft rules for domestic legislation on scope under Amount A of Pillar One

20 Apr - KPMG report: Transfer pricing and the audit committee agenda

20 Apr - Mexico: Considerations for maquiladora transfer pricing strategy, given elimination of APAs

20 Apr - Zimbabwe: Extended deadlines for corporate income tax and transfer pricing returns for 2021

14 Apr - KPMG report: Comments on implementation framework of global minimum tax

14 Apr - KPMG report: Comments in response to UK consultation on global minimum corporate tax

14 Apr - OECD: Comments on implementation framework of global minimum tax

14 Apr - OECD: Extractives exclusion under Amount A of Pillar One; public consultation

12 Apr - Brazil: Update on revisions to transfer pricing rules, steps toward OECD Transfer Pricing Guidelines

12 Apr - Zambia: Country-by-country reporting rules for 2021 tax year

11 Apr - Australia: Tax and transfer pricing implications of IBOR reform

11 Apr - Kenya: Proposed reporting requirements for multinational entities

11 Apr - Latvia: Implications of EU “public” country-by-country reporting for Latvian groups

5 Apr - EU: No agreement on revised proposal for minimum tax directive (ECOFIN Council meeting 5 April 2022)

4 Apr - OECD: Draft rules for domestic legislation on scope under Amount A of Pillar One; comments requested

1 Apr - Thailand: Extended deadline for filing transfer pricing disclosure form for 2020 (COVID-19)

February 2022

28 Feb - Belgium: Tax authorities launch annual round of transfer pricing audits

28 Feb - OECD: Third batch of 2021/2022 updated transfer pricing country profiles

28 Feb - KPMG report: Top concerns for tax leaders on the path forward for BEPS 2.0

28 Feb - Poland: Transfer pricing documentation and financial transactions involving loans

22 Feb - OECD: Comments on draft model rules for nexus and revenue sourcing under Pillar One Amount A

22 Feb - KPMG report: Operational transfer pricing health check

22 Feb - Thailand: Additional country-by-country reporting submission requirements

18 Feb - KPMG report: Initial impressions of draft rules for tax base determinations under Pillar One 
Amount A

18 Feb - OECD: Draft rules for tax base determinations under Amount A of Pillar One; comments requested

17 Feb - KPMG report: Benefits of shared service centers in tax processes such as transfer pricing

17 Feb - South Africa: Draft interpretation note on intragroup loans, new transfer pricing guidance

16 Feb - Denmark: Updated guidance on transfer pricing documentation

15 Feb - Australia: Managing cross-border intercompany financing arrangements (court case)

15 Feb - Botswana: Review of transfer pricing rules

15 Feb - Italy: Guidance concerning transfer pricing documentation, penalty protection regime

14 Feb - Poland: Grant of free-of-charge guarantee treated as “transaction” for transfer pricing purposes (court decision)

11 Feb - Barbados: Rules requiring country-by-country reporting enacted

8 Feb - KPMG report: Transfer pricing in a deals context; risks and opportunities for value creation

7 Feb - Czech Republic: Economic challenges potentially affecting transfer pricing

7 Feb - UAE: Transfer pricing implications with introduction of a corporate income tax regime

6 Feb - KPMG report: Public consultation document on Pillar One—draft model rules for nexus and revenue sourcing

4 Feb - OECD: Public consultation on two-pillar solution launched; first building block under Pillar One released

2 Feb - Nigeria: Transfer pricing outlook for 2022

2021 Articles

December 2021

22 Dec - EU: Directive to implement Pillar Two is proposed

22 Dec - KPMG report: Initial analysis of Pillar Two model rules for global minimum tax under OECD/G20 Inclusive Framework

22 Dec - Cyprus: Country-by-country report for 2020 is due 31 January 2022

21 Dec - OECD: Schedule for public consultations on two-pillar solution

20 Dec - OECD: Pillar Two model rules for domestic implementation of 15% global minimum tax

17 Dec - Australia: Independent parties would not have agreed to changes to financing arrangement (court decision)

17 Dec - KPMG report: Uneven transfer pricing implications of COVID-19 pandemic

16 Dec - Luxembourg and Ireland: Opinion of CJEU Advocate General regarding tax rulings issued to multinational entities

15 Dec - Australia: Corporate tax transparency data for 2019-2020

14 Dec - KPMG report: Building an effective transfer pricing risk control framework

13 Dec - OECD: New and updated transfer pricing country profiles

10 Dec - Hungary: Considerations for year-end transfer pricing adjustments

2 Dec - Portugal: Guidance concerning advance pricing agreements, transfer pricing documentation

2 Dec - UK: Update on proposed changes regarding transfer pricing documentation

1 Dec - Bahrain: Country-by-country notifications due 31 December 2021

1 Dec - United States and Turkey (Türkiye): Competent Authority Arrangement regarding exchange of country-by-country reports

1 Dec - Zambia: Transfer pricing measures included in 2022 budget

1 Dec - EU: “Public” country-by-country reporting directive published in EU Official Journal

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