CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. OECD To Support Brazil On Transfer Pricing Regime Reform

OECD To Support Brazil On Transfer Pricing Regime Reform

by Mike Godfrey, Tax-News.com, Washington

01 March 2018


The OECD and Brazil on February 28, 2018, launched a joint project to examine the similarities and gaps between the Brazilian and OECD approaches to valuing cross-border transactions between associated firms for tax purposes.

The project will also assess the potential for Brazil to move closer to the OECD's transfer pricing rules, seen as a benchmark for OECD member countries, that are followed by countries around the world.

The 15-month work program will analyze the legal and administrative framework behind the Brazilian transfer pricing system, as well as its implementation. It will examine strengths and weaknesses in the Brazilian approach while exploring options for greater alignment with the OECD's internationally accepted standard, the OECD Transfer Pricing Guidelines, which would be an important element of any future process of accession to the Organisation.

"Brazil is a key partner of the OECD, so we are glad to take this step together toward bridging the gaps in transfer pricing," said OECD Secretary-General Angel Gurria, launching the project with Finance Minister Henrique Meirelles, Federal Revenue Secretary Jorge Antonio Rachid, and National Confederation of Industry (CNI) President Robson Braga de Andrade.

"Effective transfer pricing rules are critical for avoiding double taxation and ensuring that taxable profits are not artificially shifted away. The project we are launching today will enable us to better understand the options for improving the application of transfer pricing rules in Brazil, and achieving greater convergence. This will help enhance the investment climate in Brazil by reducing the risk of double taxation," Gurria said.

TAGS: Finance | Transfer Pricing | tax | investment | transfer pricing | Brazil | BEPS

To see today's news, click here.

 
















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »