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OECD Waiting to Issue More Cross-Border Covid Aid Tax Guidance

March 18, 2021, 4:09 PM

The OECD doesn’t plan more guidance on coronavirus-related transfer pricing issues in the short-term, but will keep monitoring to see if guidance is needed in the future, an official said.

In December, the Organization for Economic Cooperation and Development published advice for tax authorities and companies struggling with questions about transfer pricing—valuing intercompany transactions—related to the economic circumstances raised by the pandemic, including how companies should account for government assistance like wage subsidies, and how they should book losses.

  • Working Party Six—a group that includes government representatives, which works on transfer pricing issues at the OECD—"doesn’t have any plan ...