Wednesday, 3 August 2016

Germany issues ministerial draft bill reflecting BEPS initiative, EU Directive

On May 31, 2016, the German Federal Ministry of Finance published a ministerial draft bill intended to implement certain recommendations resulting from the OECD BEPS project and also the provisions of the European Union Mutual Assistance Directive. The draft bill includes the introduction of the OECD’s three-tiered transfer pricing documentation approach as well as additional modifications of tax provisions on cross-border aspects. Further legislative changes in the area of transfer pricing have been formally announced.
Source & more info: PwC