OECD Aims to Streamline, Clarify Transfer Pricing Guidelines (1)

The OECD is revisiting its transfer pricing guidelines to identify rules that can be clarified and streamlined, an official for the organization said Wednesday.

The work is part of a larger effort to reduce disputes and the number of mutual agreement procedures, said Manuel de los Santos, head of the OECD’s transfer pricing unit. He made his comments during a panel discussion at the International Fiscal Association’s annual tax Congress in Lisbon.

The MAP is a dispute resolution mechanism embedded in tax treaties that companies can use to negotiate issues of double taxation with tax authorities.