OECD Releases Countries Benefitted By New Transfer Pricing Rules (1)

The OECD released additional information Monday on global rules meant to simplify transfer pricing methods for certain transactions.

The Organization for Economic Cooperation and Development finalized a list of “covered” jurisdictions, previously referred to as “low-capacity” jurisdictions, that will benefit from more certain transfer pricing outcomes under the new framework.

The framework, also known as Amount B, is part of the larger international tax deal agreed to by over 140 countries in 2021. Amount B seeks to simplify transfer pricing, or valuing, of wholesale marketing and distribution transactions of tangible goods between related entities.

Members of the Inclusive Framework ...