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Experts To Explain New Toolkit On Transfer Pricing Documentation

Monday, February 15, 2021

A webinar is to be held on February 17, 2021, on the Platform for Collaboration on Tax's toolkit on Transfer Pricing Documentation.

The finalized Toolkit was released on January 19, 2021, by the PCT – a joint initiative of the International Monetary Fund, the OECD, the United Nations, and the World Bank.

The PCT's new toolkit is intended to serve as a sourcebook of guidance on implementing transfer pricing documentation requirements for developing countries. The toolkit compiles essential information on transfer pricing documentation and analyzes policy choices and legislative options.

Readers can find sample legislation as well as examples and practices from over 30 countries and additional approaches to transfer pricing documentation in the toolkit.

Releasing the toolkit, the PCT said transfer pricing continues to be one of the most challenging issues for tax administrations, even during the COVID-19 crisis. It noted that the successful enforcement of transfer pricing rules depends on robust transfer pricing documentation requirements.

The PCT said, by providing real-life examples and practices, the toolkit shows that a robust and clear transfer pricing documentation regime helps tax administrations collect the necessary information to ensure compliance while minimizing compliance burdens on business.

The transfer pricing documentation toolkit is the fourth released by the PCT. It takes into account extensive comments received from countries and stakeholders during a public consultation process in 2019.

The webinar is to be held on Zoom at 15:00-16:30 CET, and at 09:00-10:30 EST, with French and Spanish simultaneous interpretation available.

It will feature a presentation by the toolkit authors, followed by a panel discussion on how the toolkit can help countries address issues on implementing effective transfer pricing documentation requirements.

Panelists will include country practitioners and expert speakers.