Transfer Pricing

Archive: Transfer Pricing

This content is from: Transfer Pricing

Pfizer, Novartis and AstraZeneca among companies called to Australian senate inquiry

Nine multinational drug companies have come under scrutiny from the Australian authorities. The companies were called before a senate committee hearing today after data showed that, from their combined revenue of AUS$...
By Joelle Jefferis
June 30 2015
This content is from: Germany

Germany moves towards country-by-country legislation

The German government has announced plans to incorporate Action 13 (guidance on transfer pricing documentation and country-by-country (CbC) reporting) of the OECD’s BEPS project into local legislation.
By ITR Correspondent
June 30 2015
This content is from: Transfer Pricing

Ryan allies with AARK & Co
June 30 2015
This content is from: Transfer Pricing

Majority of taxpayers are concerned IT systems are not up to scratch for BEPS

The majority of taxpayers, in a survey by TPWeek, have said they think the IT systems available on the market for corporate tax and transfer pricing are insufficient in helping companies to cooperate with documentatio...
By Sophie Ashley
June 30 2015
This content is from: European Union

WCO working with ICC to overcome TP and customs discrepancies

The World Customs Organization (WCO) has released a new guide on customs valuation and TP. The guide includes recommendations from the International Chamber of Commerce (ICC) to converge disparate TP and customs polic...
June 29 2015
This content is from: Italy

Importance of comparability factors in transfer pricing analyses

The Italian Supreme Court has ruled that transfer pricing adjustments applied by the tax authorities may be deemed legitimate even if they have been applied after a comparison between the transactions assessed and the...
By ITR Correspondent
June 28 2015
This content is from: Czech Republic

Next round of TP inspections due for Czech Republic

The Czech Republic’s Specialized Tax Authority has announced, via its website, a new round of transfer pricing inspections. The inspections are due to begin this month.
June 25 2015
This content is from: European Union

EC tax haven list attracts wide-spread criticism

The European Commission (EC) has released a list of the 30 worst-offending tax havens in an attempt to coordinate EU states’ approaches to blacklisting non-EU countries.
June 25 2015
This content is from: Ecuador

Ecuador issues new transfer pricing requirements

The Ecuadorian Tax Authority (Servicio de Rentas Interno or SRI) issued new regulations last month, under Resolution No. NAC-DGERCGC15-00000455, introducing updated transfer pricing requirements for intercompany trans...
June 23 2015
This content is from: Brazil

Brazil clarifies aspects of import export methods

The Brazilian Federal Revenue Secretariat has issued Normative Instruction (NI) 1,568/15, to clarify specific aspects of the PCI and the PECEX methods for imports and exports.
By ITR Correspondent
June 23 2015
This content is from: Nigeria

Nigerian government ramps-up focus on multinational taxation

The Nigerian government has ratified the Convention on Mutual Administrative Assistance in Tax Matters, in an effort to better manage the tax affairs of multinational companies operating in Nigeria.
June 22 2015
This content is from: Thailand

Thailand deliberates transfer pricing law

Thailand’s Council of State is deliberating the country’s first law on transfer pricing. If passed the bill would allow Thailand Revenue Department (TRD) officials to enquire into profits from cross-border transaction...
June 22 2015
This content is from: Ireland

New transfer pricing partner at PwC Ireland
June 17 2015
This content is from: United Kingdom

DLA Piper boosts TP practice from London office
June 16 2015
This content is from: United States

Industry tax and TP leaders to discuss BEPS integration of technology

Corporate heads of tax and TP will meet to discuss how best to approach the issue of integrating technology systems in light of pending BEPS guidance.
By Sophie Ashley
June 16 2015
This content is from: United Kingdom

AstraZeneca on hindsight in the valuation of intangibles

The OECD is considering the use of hindsight when tax authorities are assessing hard-to-value intangibles (HTVI). Ian Brimicombe, VP of corporate finance at AstraZeneca in the UK, discusses the impact on taxpayers.
By Sophie Ashley
June 14 2015
This content is from: New Zealand

New Zealand tightens tax enforcement for multinationals

The New Zealand Budget has reaffirmed the government’s key priority of collecting taxes by allocating an additional NZ$74 million ($51 million) over five years for Inland Revenue’s investigations.
June 10 2015
This content is from: Transfer Pricing

The OECD’s introduction of ex-post evidence could prove difficult in hindsight

The OECD, as part of action 8 of its BEPS plan, has released a discussion draft looking at the issue of hindsight and the arm’s-length pricing of hard-to-value intangible assets.
By Sophie Ashley
June 10 2015
This content is from: United States

Andersen Tax boosts TP department in US
June 09 2015
This content is from: Transfer Pricing

Pascal Saint-Amans discusses model legislation for CBCR implementation

The OECD has published a 42-page Country-by-Country Reporting Implementation Package this week, which consists of model legislation, a multilateral competent authority agreement on the exchange of country-by-country r...
June 09 2015
This content is from: United States

Hatch and Ryan voice US BEPS concerns; urge Lew not to forget Congress in discussions

The Republicans leading the US Congress’ two tax-writing committees have called on Jacob Lew, Treasury Secretary, to “remain engaged with Congress” as proposals related to the OECD base erosion and profit shifting (BE...
By Matthew Gilleard
June 09 2015
This content is from: Argentina

Argentine Supreme Court rules on transfer pricing of commodity exporters

The Argentine Supreme Court ruling on Toepfer International, a commodity exporting firm, has finally been published, two months after the decision, providing lessons for BEPS action 10 (cross border commodity transact...
By Sophie Ashley
June 08 2015
This content is from: United Kingdom

BEPS and what it means to the UK investment management industry (part 2)

The OECD base erosion and profit shifting BEPS project is expected to publish a large amount of material over the coming months, with the period September to December 2015 being particularly busy.
By ITR Correspondent
June 07 2015

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