NEW DELHI , JULY 06 2010: THE Organisation for Economic
Cooperation and Development (OECD) wants to initiate a new project on the
Transfer Pricing aspects of Intangibles, which is a key area of concern both to
Governments and taxpayers.
Currently, there is insufficient international guidance on the
definition, identification, and valuation of intangibles for transfer pricing
purposes. The project could result in the revision of chapter six and chapter
eight of the Transfer Pricing Guidelines.
The
OECD has invited comments on the scope of such a project from all interested
parties to be sent before September 15, 2010. Comments may be sent to Jeffrey
Owens, Director, CTPA (jeffrey.owens@oecd.org). Jeffrey Owens, Director, CTPA (jeffrey.owens@oecd.org ).
The
OECD's Committee on Fiscal Affairs is on the verge of completing its work on two
transfer pricing projects that the OECD Council is expected to approve by the
end of July. This could result in a revision of the Transfer Pricing Guidelines
for Multinational Enterprises and Tax Administrations (TPG): its review of
Comparability and Profit Methods and its report on the Transfer Pricing Aspects
of Business Restructuring.
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