OECD: Public consultation document on Amount B under Pillar One

Comments are requested by 25 January 2023.

Comments are requested by 25 January 2023.

The Organisation for Economic Cooperation and Development (OECD) today issued a public consultation document on Amount B under Pillar One [PDF 1 MB]—part of the ongoing work of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) in implementing the two-pillar solution to address the tax challenges arising from the digitalisation of the economy.

As explained by today’s OECD release,

  • Amount B provides for a simplified and streamlined approach to the application of the arm’s length principle to in-country baseline marketing and distribution activities, with a particular focus on the needs of low-capacity countries.
  • The public consultation document outlines the main design elements of Amount B and is released by the OECD in order to obtain input from stakeholders on the technical aspects of Amount B.
  • Input from stakeholders is particularly sought with respect to the specific questions laid out in the document.

Comments are requested by 25 January 2023, and instructions for submitting comments can be found in the consultation document. 

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.