OECD consults on transfer pricing risk assessment

The steering committee of the OECD global forum on transfer pricing has issued a consultation on a draft handbook on transfer pricing risk assessment.

The handbook is a detailed, practical resource that countries can follow in developing their own risk assessment approaches and assembles recent country procedures, methods and practices in order to provide a practical resource to tax administrations seeking to develop or improve their risk assessment procedure, methods and practices.

The draft handbook addresses the following:

  • the questions that a tax administration should answer in a transfer pricing risk assessment process;
  • how the tax administration can evaluate whether a taxpayer presents a material transfer pricing risk that justifies a detailed audit;
  • where the tax administration can get the information necessary to identify and assess transfer pricing risk;
  • how the tax administration can organise itself to carry out an effective risk assessment; and
  • how the tax administration can most effectively interact with the taxpayer in assessing transfer pricing risk.

The deadline for feedback is 13 September 2013. The draft is available from OECD

Diane Tan |Content manager - current awareness, CCH

Diane Tan is content manager, current awareness at CCH, Wolters Kluwer UK www.cch.co.uk...

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