The statistics offer insights to businesses managing their transfer pricing risks.
The Organisation for Economic Cooperation and Development (OECD) on November 15, 2024, released mutual agreement procedure (MAP) statistics for 2023 and, for the first time ever, advance pricing agreement (APA) statistics. Read TaxNewsFlash
The APA statistics are less detailed than the annual MAP statistics, but they provide insight into the size of APA inventories around the world and the time required to complete APAs in the reporting jurisdictions, including in many jurisdictions that do not otherwise publish APA statistics. When viewed in tandem with the 2023 MAP statistics, the APA statistics offer significant insights to businesses as they consider their approach to managing their transfer pricing risks.
Read a December 2024 report* prepared by KPMG tax professionals: KPMG Picks Its 2023 Advance Pricing Agreement Award Winners
*Reproduced with permission from Tax Management International Journal, 12/10/2024. Copyright @ 2024 by Bloomberg Industry Group, Inc. (800-372-1033) http://www.bloombergindustry.com