World Bank Releases Transfer Pricing Handbook

by Mike Godfrey, Tax-News.com, Washington

29 December 2016

The World Bank has released a Handbook setting out relevant aspects that countries need to consider when introducing or strengthening transfer pricing regimes.

Entitled, Transfer Pricing and Developing Economies: A Handbook for Policy Makers and Practitioners, the handbook provides guidance on analytical steps that can be taken to understand a country's potential exposure to inappropriate transfer pricing (transfer mispricing) and outlines the main areas that require attention in the design and implementation of transfer pricing regimes.

It includes a discussion of relevant aspects of the legislative process, including the formulation of a transfer pricing policy, with examples, and the role and content of administrative guidance, It covers the practical application and implementation of the arm's length principle and on operating an effective transfer pricing audit program.

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