As part of the Base Erosion and Profit Shifting (BEPS) initiative, an action plan has been developed by the OECD including a new global standard on Transfer Pricing Documentation.
The new global standard aims to provide tax authorities with unprecedented transparency regarding companies’ global transfer pricing policies and financial results. Companies may be required to implement new procedures that will allow them to locate, collect, store, validate, and assemble the information required.
We can assist with planning and preparing for this new global standard on documentation including the preparation of country by country (CbC) reporting template.
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