Wednesday, 17 October 2012

United Nations Approves First Manual On Transfer Pricing for Developing Nations

The U.N. Committee of Experts on International Cooperation in Tax Matters, meeting in Geneva Oct. 15, approved the organization's first practical transfer pricing manual for developing nations.
According to the Committee of Experts' agenda, three hours were devoted to consideration of the transfer pricing manual during the Geneva meeting scheduled for Oct. 15-19.
The foreward of the transfer pricing manual's Oct. 2 draft said the manual seeks consistency with the Organization for Economic Cooperation and Development transfer pricing guidelines.