On 10 July 2017, the OECD released a new revised edition of its Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. The introduced changes are significant globally since the OECD Guidelines represent the major and most reputable regulation resource on transfer pricing.
The new edition especially includes the changes that were approved during 2015 and 2016 with respect to the Base Erosion and Profit Shifting (BEPS) Project and its Reports on Action 8-10 (Aligning Transfer Pricing Outcomes with Value Creation) and Action 13 (Transfer Pricing Documentation and Country-by-Country Reporting). In addition to the changes, the revised edition also includes directions in the so-called “safe harbors” application, approved in 2013.
The 2017 edition of the Guidelines amends its 2010 edition. The original edition of the Guidelines was approved by the OECD Council and released in 1995. Even though the OECD Guidelines have been accepted in most tax administrations around the world, they are currently merely of referential authority in the Slovak Republic.
The revised edition in the read-only format is available from the OECD website at: http://www.keepeek.com/Digital-Asset-Management/oecd/taxation/oecd-transfer-pricing-guidelines-for-multinational-enterprises-and-tax-administrations-2017_tpg-2017-en#.WW2314TyjIW#page1
